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FRENSIC & FRENSIC LTD
Registered Number:04510083
For the year ended 12 August 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 12 August 2023
FRENSIC & FRENSIC LTD
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
04510083
As at 12 August 2023
FRENSIC & FRENSIC LTD
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
254,742
254,962
2
254,742
254,962
Current assets
24,648
Cash and cash equivalents
14,734
14,734
24,648
Trade and other payables: amounts falling due within one
year
(279,293)
(263,589)
3
(254,645)
(248,855)
Net current liabilities
Total assets less current liabilities
5,887
317
5,887
Net assets
317
Capital and reserves
Called up share capital
100
100
Retained earnings
5,787
217
5,887
317
Shareholders' funds
For the year ended 12 August 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 of its financial statements for the year ended 12 August 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
MR Y SZETO Director
These financial statements were approved and authorised for issue by the Board on 29 September 2023 and were signed by:
The notes form part of these financial statements
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4
For the year ended 12 August 2023
FRENSIC & FRENSIC LTD
Notes to the Financial Statements
Statutory Information
FRENSIC & FRENSIC LTD is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04510083.
Registered address:
2 HUNTERS BUILDINGS
BOWESFIELD LANE
STOCKTON
TS18 3QZ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Tools and equipment
20% Reducing balance
2. Property, plant and equipment
Total
Tools and
equipment
Land and
Buildings
£
£
£
Cost or
valuation
At 13 August 2022
262,420
8,557
253,863
At 12 August 2023
253,863
8,557
262,420
Provision for depreciation and impairment
At 13 August 2022
7,458
7,458
-
Charge for year
220
220
-
At 12 August 2023
7,678
7,678
-
At 12 August 2023
Net book value
253,863
879
254,742
At 12 August 2022
253,863
1,099
254,962
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5
For the year ended 12 August 2023
FRENSIC & FRENSIC LTD
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
13,000
14,400
Taxation and social security
1,301
5
Directors' loan accounts
248,868
248,868
Other creditors
420
16,020
263,589
279,293
4. Average number of persons employed
During the year the average number of employees was 0
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