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REGISTERED NUMBER: 03354780 (England and Wales)















Unaudited Financial Statements

for the Year Ended

30 September 2023

for

Frinton Tarmacadam and Paving Limited

Frinton Tarmacadam and Paving Limited (Registered number: 03354780)

Contents of the Financial Statements
for the Year Ended 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Frinton Tarmacadam and Paving Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Mr K R Bygrave
Mrs K G Bygrave





SECRETARY: Mrs K G Bygrave





REGISTERED OFFICE: Rusty Tiles
Coggeshall Road
Dedham
Colchester
Essex
CO7 6ET





REGISTERED NUMBER: 03354780 (England and Wales)

Frinton Tarmacadam and Paving Limited (Registered number: 03354780)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 405,610 450,853

CURRENT ASSETS
Stocks 119,204 257,916
Debtors 5 291,799 139,068
Cash at bank 701,543 1,000,177
1,112,546 1,397,161
CREDITORS
Amounts falling due within one year 6 541,184 556,981
NET CURRENT ASSETS 571,362 840,180
TOTAL ASSETS LESS CURRENT
LIABILITIES

976,972

1,291,033

CREDITORS
Amounts falling due after more than one
year

7

(193,393

)

(213,676

)

PROVISIONS FOR LIABILITIES - (16,448 )
NET ASSETS 783,579 1,060,909

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 783,479 1,060,809
783,579 1,060,909

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

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

Frinton Tarmacadam and Paving Limited (Registered number: 03354780)

Balance Sheet - continued
30 September 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 12 April 2024 and were signed on its behalf by:





Mrs K G Bygrave - Director


Frinton Tarmacadam and Paving Limited (Registered number: 03354780)

Notes to the Financial Statements
for the Year Ended 30 September 2023


1. STATUTORY INFORMATION

Frinton Tarmacadam and Paving 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.

For the purposes of presentation, the financial statements are rounded to the nearest Pound Sterling (£).

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 4% on cost
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 assets are recognised at the expected corporation tax rate in which they will be relieved.

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.

Frinton Tarmacadam and Paving Limited (Registered number: 03354780)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Financial instruments
Basic financial instruments are recognised at amortised cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2022 412,007 240,150 652,157
Disposals - (39,001 ) (39,001 )
At 30 September 2023 412,007 201,149 613,156
DEPRECIATION
At 1 October 2022 47,721 153,583 201,304
Charge for year 7,286 14,594 21,880
Eliminated on disposal - (15,638 ) (15,638 )
At 30 September 2023 55,007 152,539 207,546
NET BOOK VALUE
At 30 September 2023 357,000 48,610 405,610
At 30 September 2022 364,286 86,567 450,853

Frinton Tarmacadam and Paving Limited (Registered number: 03354780)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2022 39,001
Disposals (39,001 )
At 30 September 2023 -
DEPRECIATION
At 1 October 2022 17,063
Eliminated on disposal (17,063 )
At 30 September 2023 -
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 21,938

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 178,025 62,681
Other debtors 113,774 76,387
291,799 139,068

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 30,303 29,438
Hire purchase contracts - 7,402
Trade creditors 70,080 95,446
Amounts owed to associates 392,311 365,757
Taxation and social security 25,227 41,934
Other creditors 23,263 17,004
541,184 556,981

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 193,393 203,251
Hire purchase contracts - 10,425
193,393 213,676

Frinton Tarmacadam and Paving Limited (Registered number: 03354780)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 88,559 91,007

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 223,696 232,689

Natwest Bank plc hold a fixed charge over the property at 21-23 Walton Road, Frinton-on-Sea, Essex.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
Mr K R Bygrave and Mrs K G Bygrave
Balance outstanding at start of year 62,430 70,912
Amounts advanced 56,595 54,018
Amounts repaid (60,000 ) (62,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 59,025 62,430

The interest on the loan account Interest was charged at HMRC official rates of interest.

The loan was cleared by way of a dividend dated 12th April 2024.