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
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
Franek & Co Ltd
Statement of financial position
as at 31 July 2023
Tangible assets
40,599
39,766
Cash at bank and in hand
35,584
27,526
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)
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
Franek & Co Ltd
Notes to the Accounts
for the year ended 31 July 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
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
Franek & Co Ltd
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
Accrued income and prepayments
5,125
5,125
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
8,071
8,832
Loans from directors
785
-
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).