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REGISTERED NUMBER: 04228755 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

FRAME SET & MATCH LIMITED

FRAME SET & MATCH LIMITED (REGISTERED NUMBER: 04228755)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FRAME SET & MATCH LIMITED

Company Information
for the Year Ended 31 July 2023







DIRECTORS: A Blakeman
P Rhoden





REGISTERED OFFICE: 113 Notting Hill Gate
London
W11 3LB





REGISTERED NUMBER: 04228755 (England and Wales)





ACCOUNTANTS: Haria & Co
121 Somervell Road
South Harrow
Middlesex
HA2 8TZ

FRAME SET & MATCH LIMITED (REGISTERED NUMBER: 04228755)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 7,355 5,095
7,356 5,096

CURRENT ASSETS
Stocks 21,076 20,488
Debtors 6 2,026 2,283
Cash at bank and in hand 420,986 375,929
444,088 398,700
CREDITORS
Amounts falling due within one year 7 133,794 112,534
NET CURRENT ASSETS 310,294 286,166
TOTAL ASSETS LESS CURRENT
LIABILITIES

317,650

291,262

PROVISIONS FOR LIABILITIES 565 323
NET ASSETS 317,085 290,939

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 317,083 290,937
SHAREHOLDERS' FUNDS 317,085 290,939

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

FRAME SET & MATCH LIMITED (REGISTERED NUMBER: 04228755)

Balance Sheet - continued
31 July 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 April 2024 and were signed on its behalf by:





A Blakeman - Director


FRAME SET & MATCH LIMITED (REGISTERED NUMBER: 04228755)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Frame Set & Match 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 represents net invoiced sales of goods and services excluding value added tax.

Goodwill
Goodwill of £208,000 being the amount paid in connection with the acquisition of a business in 2003, has been amortised evenly over its estimated useful life of twelve years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 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.

FRAME SET & MATCH LIMITED (REGISTERED NUMBER: 04228755)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
Contributions to defined pension plans are charged in the period in which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 208,000
AMORTISATION
At 1 August 2022
and 31 July 2023 207,999
NET BOOK VALUE
At 31 July 2023 1
At 31 July 2022 1

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 70,631
Additions 4,711
At 31 July 2023 75,342
DEPRECIATION
At 1 August 2022 65,536
Charge for year 2,451
At 31 July 2023 67,987
NET BOOK VALUE
At 31 July 2023 7,355
At 31 July 2022 5,095

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 2,026 2,283

FRAME SET & MATCH LIMITED (REGISTERED NUMBER: 04228755)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 22,269 16,984
Taxation and social security 107,525 91,700
Other creditors 4,000 3,850
133,794 112,534

8. RELATED PARTY DISCLOSURES

At the year end, included under other creditors is £1,000 (2022: £1,000) owed to P Rhoden by the company, and £1,000 (2022: £1,000) owed to A Blakeman by the company.

9. ULTIMATE CONTROLLING PARTY

A Blakeman and P Rhoden, the directors, control the company.