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Company Registration No. 12751653 (England and Wales)
Franek & Co Ltd Unaudited accounts for the year ended 31 July 2023
Franek & Co Ltd Unaudited accounts Contents
Page
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Franek & Co Ltd Company Information for the year ended 31 July 2023
Directors
Ms. Patrycja Agnieszka PALONEK-SZWAGROWSKI Mr. Marek SZWAGROWSKI
Company Number
12751653 (England and Wales)
Registered Office
2 MEDFIELD STREET LONDON SW15 4JZ ENGLAND
Accountants
Murugesu Associates 77 Milson Road West Kensington London W14 0LH
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Franek & Co Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
40,599 
39,766 
Current assets
Inventories
26,500 
22,300 
Debtors
5,125 
5,924 
Cash at bank and in hand
35,584 
27,526 
67,209 
55,750 
Creditors: amounts falling due within one year
(14,682)
(10,802)
Net current assets
52,527 
44,948 
Total assets less current liabilities
93,126 
84,714 
Creditors: amounts falling due after more than one year
- 
(17,000)
Net assets
93,126 
67,714 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
93,124 
67,712 
Shareholders' funds
93,126 
67,714 
For the year ending 31 July 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 15 April 2024 and were signed on its behalf by
Ms. Patrycja Agnieszka PALONEK-SZWAGROWSKI Director Company Registration No. 12751653
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Franek & Co Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Franek & Co Ltd is a private company, limited by shares, registered in England and Wales, registration number 12751653. The registered office is 2 MEDFIELD STREET, LONDON, SW15 4JZ, 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:
Plant & machinery
20% at cost
Motor vehicles
20% at cost
Fixtures & fittings
20% at cost
Computer equipment
20% at cost
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 August 2022
25,500 
5,985 
8,333 
1,753 
1,762 
43,333 
Additions
- 
3,500 
- 
2,000 
- 
5,500 
At 31 July 2023
25,500 
9,485 
8,333 
3,753 
1,762 
48,833 
Depreciation
At 1 August 2022
- 
1,197 
1,667 
351 
352 
3,567 
Charge for the year
- 
1,897 
1,667 
751 
352 
4,667 
At 31 July 2023
- 
3,094 
3,334 
1,102 
704 
8,234 
Net book value
At 31 July 2023
25,500 
6,391 
4,999 
2,651 
1,058 
40,599 
At 31 July 2022
25,500 
4,788 
6,666 
1,402 
1,410 
39,766 
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Franek & Co Ltd Notes to the Accounts for the year ended 31 July 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
799 
Accrued income and prepayments
5,125 
5,125 
5,125 
5,924 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,975 
- 
Trade creditors
1,155 
164 
Taxes and social security
8,071 
8,832 
Other creditors
696 
106 
Loans from directors
785 
- 
Accruals
2,000 
1,700 
14,682 
10,802 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
- 
17,000 
8
Average number of employees
During the year the average number of employees was 7 (2022: 7).
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