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Company Registration No. 13632006 (England and Wales)
Rhys Frake Ltd Unaudited accounts for the year ended 30 September 2023
Rhys Frake Ltd Unaudited accounts Contents
Page
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Rhys Frake Ltd Company Information for the year ended 30 September 2023
Director
R G Frake
Company Number
13632006 (England and Wales)
Registered Office
Flat 225 Leon House 233 High Street Croydon CR0 1FY England
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Rhys Frake Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,178 
- 
Current assets
Debtors
46,575 
141 
Cash at bank and in hand
457 
8,086 
47,032 
8,227 
Creditors: amounts falling due within one year
(47,845)
(8,225)
Net current (liabilities)/assets
(813)
2 
Net assets
365 
2 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
364 
1 
Shareholders' funds
365 
2 
For the year ending 30 September 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 director acknowledges his 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 and authorised for issue on 23 November 2023 and were signed on its behalf by
R G Frake Director Company Registration No. 13632006
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Rhys Frake Ltd Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Rhys Frake Ltd is a private company, limited by shares, registered in England and Wales, registration number 13632006. The registered office is Flat 225 Leon House 233 High Street, Croydon, CR0 1FY, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Computer equipment
25% reducing balance method
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 October 2022
- 
Additions
1,255 
At 30 September 2023
1,255 
Depreciation
Charge for the year
77 
At 30 September 2023
77 
Net book value
At 30 September 2023
1,178 
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Rhys Frake Ltd Notes to the Accounts for the year ended 30 September 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
46,575 
141 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
28,802 
- 
VAT
11,402 
4,685 
Taxes and social security
6,259 
3,376 
Accruals
1,382 
164 
47,845 
8,225 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
R G Frake
Directors Current accounts
141 
(153,570)
(200,004)
46,575 
141 
(153,570)
(200,004)
46,575 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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