Company Registration No. 14222666 (England and Wales)
FROGMORE CONSTRUCTION LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023
PAGES FOR FILING WITH REGISTRAR
FROGMORE CONSTRUCTION LIMITED
COMPANY INFORMATION
Directors
S Hewlett
R Willians
Company number
14222666
Registered office
Frogmore Lodge
Kings Walden
Hitchin
Herts
SG4 8NJ
FROGMORE CONSTRUCTION LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
FROGMORE CONSTRUCTION LIMITED
BALANCE SHEET
- 1 -
2023
Notes
£
£
Fixed assets
Tangible assets
2
39,780
Current assets
Debtors
3
12,000
Cash at bank and in hand
49,889
61,889
Creditors: amounts falling due within one year
4
(28,471)
Net current assets
33,418
Total assets less current liabilities
73,198
Capital and reserves
Called up share capital
5
2
Profit and loss reserves
73,196
Total equity
73,198
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
Directors' responsibilities:
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 5 February 2024 and are signed on its behalf by:
S Hewlett
Director
Company Registration No. 14222666
FROGMORE CONSTRUCTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023
- 2 -
1
Accounting policies
Company information
Frogmore Construction Limited is a private company limited by shares incorporated in England and Wales. The registered office is Frogmore Lodge, Kings Walden, Hitchin, Herts, SG4 8NJ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
These financial statements for the period ended 31 July 2023 are the first financial statements of Frogmore Construction Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was . The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
FROGMORE CONSTRUCTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JULY 2023
- 3 -
2
Tangible fixed assets
Plant and machinery etc
£
Cost
At 8 July 2022
Additions
53,040
At 31 July 2023
53,040
Depreciation and impairment
At 8 July 2022
Depreciation charged in the period
13,260
At 31 July 2023
13,260
Carrying amount
At 31 July 2023
39,780
3
Debtors
2023
Amounts falling due within one year:
£
Trade debtors
12,000
4
Creditors: amounts falling due within one year
2023
£
Corporation tax
8,776
Other taxation and social security
5,064
Other creditors
14,631
28,471
5
Called up share capital
2023
£
Ordinary share capital
Authorised
100 Ordinary of £1 each
100
Issued and fully paid
2 Ordinary of £1 each
2