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REGISTERED NUMBER: 07100942 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

UK FRAMING SUPPLIES LTD

UK FRAMING SUPPLIES LTD (REGISTERED NUMBER: 07100942)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UK FRAMING SUPPLIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: D McGrath
Mrs E McGrath





SECRETARY:





REGISTERED OFFICE: Unit 1, Atherstone Road
Appleby Magna
Swadlincote
Derbyshire
DE12 7AP





REGISTERED NUMBER: 07100942 (England and Wales)





ACCOUNTANTS: Neil Paul & Co
Chartered Certified Accountants
110 Swan Mews
Swan Road
Lichfield
Staffordshire
WS13 6TU

UK FRAMING SUPPLIES LTD (REGISTERED NUMBER: 07100942)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,666 4,233

CURRENT ASSETS
Stocks 110,513 88,416
Debtors 5 75,022 59,103
Cash at bank and in hand 103,419 142,102
288,954 289,621
CREDITORS
Amounts falling due within one year 6 135,972 105,931
NET CURRENT ASSETS 152,982 183,690
TOTAL ASSETS LESS CURRENT
LIABILITIES

157,648

187,923

CREDITORS
Amounts falling due after more than one
year

7

152,025

186,426
NET ASSETS 5,623 1,497

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,523 1,397
SHAREHOLDERS' FUNDS 5,623 1,497

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

UK FRAMING SUPPLIES LTD (REGISTERED NUMBER: 07100942)

BALANCE SHEET - continued
30 JUNE 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 by the Board of Directors and authorised for issue on 15 March 2024 and were signed on its behalf by:





D McGrath - Director


UK FRAMING SUPPLIES LTD (REGISTERED NUMBER: 07100942)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

UK Framing Supplies Ltd 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

UK FRAMING SUPPLIES LTD (REGISTERED NUMBER: 07100942)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 10,280 12,442 15,506 17,309 55,537
Additions - 237 - 1,751 1,988
At 30 June 2023 10,280 12,679 15,506 19,060 57,525
DEPRECIATION
At 1 July 2022 10,017 12,039 13,954 15,294 51,304
Charge for year 65 160 388 942 1,555
At 30 June 2023 10,082 12,199 14,342 16,236 52,859
NET BOOK VALUE
At 30 June 2023 198 480 1,164 2,824 4,666
At 30 June 2022 263 403 1,552 2,015 4,233

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 74,222 59,103
Other debtors 800 -
75,022 59,103

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 22,500 736
Trade creditors 32,040 21,481
Tax 28,878 18,718
Social security and other taxes 1,329 1,683
VAT 47,624 59,920
Directors' current accounts 1,621 1,428
Accrued expenses 1,980 1,965
135,972 105,931

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans - 1-2 years 152,025 186,426