IRIS Accounts Production v23.3.1.45 08485972 Board of Directors 1.6.22 31.5.23 31.5.23 0 0 false true false false true false Ordinary A shares 1.00000 Ordinary B shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh084859722022-05-31084859722023-05-31084859722022-06-012023-05-31084859722021-05-31084859722021-06-012022-05-31084859722022-05-3108485972ns10:Originalns15:EnglandWales2022-06-012023-05-3108485972ns14:PoundSterlingns10:Original2022-06-012023-05-3108485972ns10:Originalns10:Director12022-06-012023-05-3108485972ns10:Original2022-06-012023-05-3108485972ns10:Original2023-05-3108485972ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3108485972ns10:Originalns10:SmallEntities2022-06-012023-05-3108485972ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3108485972ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3108485972ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3108485972ns10:Originalns10:FullAccounts2022-06-012023-05-3108485972ns10:Original2021-06-012022-05-3108485972ns10:Originalns10:OrdinaryShareClass12022-06-012023-05-3108485972ns10:Originalns10:OrdinaryShareClass22022-06-012023-05-3108485972ns10:Originalns10:Director22022-06-012023-05-3108485972ns10:Originalns10:RegisteredOffice2022-06-012023-05-3108485972ns10:Original2022-05-3108485972ns10:Originalns5:CurrentFinancialInstruments2023-05-3108485972ns10:Originalns5:CurrentFinancialInstruments2022-05-3108485972ns10:Originalns5:Non-currentFinancialInstruments2023-05-3108485972ns10:Originalns5:Non-currentFinancialInstruments2022-05-3108485972ns5:ShareCapitalns10:Original2023-05-3108485972ns5:ShareCapitalns10:Original2022-05-3108485972ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3108485972ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3108485972ns10:Originalns5:PlantMachinery2022-06-012023-05-3108485972ns10:Originalns5:ComputerEquipment2022-06-012023-05-3108485972ns10:Originalns5:PlantMachinery2022-05-3108485972ns10:Originalns5:ComputerEquipment2022-05-3108485972ns10:Original2022-05-3108485972ns10:Originalns5:PlantMachinery2023-05-3108485972ns10:Originalns5:ComputerEquipment2023-05-3108485972ns10:Originalns5:PlantMachinery2022-05-3108485972ns10:Originalns5:ComputerEquipment2022-05-3108485972ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3108485972ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3108485972ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-05-3108485972ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-05-3108485972ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-05-3108485972ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-05-3108485972ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-05-3108485972ns10:Originalns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-05-3108485972ns10:Originalns10:OrdinaryShareClass12023-05-3108485972ns10:Originalns10:OrdinaryShareClass22023-05-31
REGISTERED NUMBER: 08485972 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

FRENCHMAN CONSULTING LIMITED

FRENCHMAN CONSULTING LIMITED (REGISTERED NUMBER: 08485972)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FRENCHMAN CONSULTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: J L French
Mrs A E French





REGISTERED OFFICE: Advantage
87 Castle Street
Reading
Berkshire
RG1 7SN





REGISTERED NUMBER: 08485972 (England and Wales)





ACCOUNTANTS: Haines Watts
The Lightbox
87 Castle Street
Reading
Berkshire
RG1 7SN

FRENCHMAN CONSULTING LIMITED (REGISTERED NUMBER: 08485972)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 6,620 9,451

CURRENT ASSETS
Debtors 5 3,402 3,554
Cash at bank and in hand 25 386
3,427 3,940
CREDITORS
Amounts falling due within one year 6 17,405 10,616
NET CURRENT LIABILITIES (13,978 ) (6,676 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,358

)

2,775

CREDITORS
Amounts falling due after more than one
year

7

(17,547

)

(20,194

)

PROVISIONS FOR LIABILITIES (1,258 ) (1,796 )
NET LIABILITIES (26,163 ) (19,215 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (26,263 ) (19,315 )
SHAREHOLDERS' FUNDS (26,163 ) (19,215 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

FRENCHMAN CONSULTING LIMITED (REGISTERED NUMBER: 08485972)

BALANCE SHEET - continued
31 MAY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 5 March 2024 and were signed on its behalf by:





J L French - Director


FRENCHMAN CONSULTING LIMITED (REGISTERED NUMBER: 08485972)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Frenchman Consulting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% and 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

FRENCHMAN CONSULTING LIMITED (REGISTERED NUMBER: 08485972)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans
and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each
reporting period for objective evidence of impairment. If objective evidence of impairment is found,
an impairment loss is recognised in the Profit and loss account.

For financial assets measured at amortised cost, the impairment loss is measured as the difference
between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the
difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when
there is an enforceable right to set off the recognised amounts and there is an intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.

Going concern
The accounts have been prepared on the going concern basis due to the continuing support of the directors. In making the assessment the directors have reviewed the working capital requirements of the company for the period ended twelve months from the date of approval of the accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

FRENCHMAN CONSULTING LIMITED (REGISTERED NUMBER: 08485972)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£ £ £
COST
At 1 June 2022
and 31 May 2023 15,577 3,444 19,021
DEPRECIATION
At 1 June 2022 6,730 2,840 9,570
Charge for year 2,247 584 2,831
At 31 May 2023 8,977 3,424 12,401
NET BOOK VALUE
At 31 May 2023 6,600 20 6,620
At 31 May 2022 8,847 604 9,451

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other debtors 3,010 3,010
VAT 392 544
3,402 3,554

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 2,572 2,434
Trade creditors 1,770 923
Directors' current accounts 11,678 5,875
Accruals and deferred income 1,385 1,384
17,405 10,616

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans - 1-2 years 2,663 2,537
Bank loans - 2-5 years 8,601 8,278
Bank loans more 5 yr by instal 6,283 9,379
17,547 20,194

FRENCHMAN CONSULTING LIMITED (REGISTERED NUMBER: 08485972)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£ £
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,283 9,379

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
51 Ordinary A shares £1 51 51
49 Ordinary B shares £1 49 49
100 100