Company Registration No. 09983901 (England and Wales)
Frc Timber Frames Limited
Unaudited accounts
for the year ended 31 March 2023
Frc Timber Frames Limited
Unaudited accounts
Contents
Frc Timber Frames Limited
Company Information
for the year ended 31 March 2023
Directors
Stuart Kempin
George Kempin
James Long
Lianne Kempin
Company Number
09983901 (England and Wales)
Registered Office
Parkdene
Wilton Road
Melton Mowbray
Leicestershire
LE13 0UJ
Frc Timber Frames Limited
Statement of financial position
as at 31 March 2023
Tangible assets
59,629
63,533
Inventories
100,000
337,500
Creditors: amounts falling due within one year
(802,256)
(484,876)
Net current (liabilities)/assets
(158,706)
59,004
Total assets less current liabilities
(99,077)
122,537
Creditors: amounts falling due after more than one year
(55,183)
(99,625)
Net (liabilities)/assets
(154,260)
22,912
Called up share capital
12
9
Profit and loss account
(154,272)
22,903
Shareholders' funds
(154,260)
22,912
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2023 and were signed on its behalf by
Stuart Kempin
Director
Company Registration No. 09983901
Frc Timber Frames Limited
Notes to the Accounts
for the year ended 31 March 2023
Frc Timber Frames Limited is a private company, limited by shares, registered in England and Wales, registration number 09983901. The registered office is Parkdene, Wilton Road, Melton Mowbray, Leicestershire, LE13 0UJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% RB
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2022
26,737
160,447
-
-
187,184
Additions
12,500
-
2,540
934
15,974
At 31 March 2023
39,237
160,447
2,540
934
203,158
At 1 April 2022
10,377
113,274
-
-
123,651
Charge for the year
7,215
11,794
635
234
19,878
At 31 March 2023
17,592
125,068
635
234
143,529
At 31 March 2023
21,645
35,379
1,905
700
59,629
At 31 March 2022
16,360
47,173
-
-
63,533
Frc Timber Frames Limited
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
97,751
26,767
Amounts due from group undertakings etc.
-
155,395
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
140,825
90,382
Obligations under finance leases and hire purchase contracts
31,167
-
Trade creditors
434,567
296,899
Amounts owed to group undertakings and other participating interests
85,713
-
Taxes and social security
94,207
76,903
Other creditors
12,377
716
Loans from directors
-
14,476
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
24,156
11,557
8
Average number of employees
During the year the average number of employees was 9 (2022: 9).