Registered number
09575133
FRANKSTER'S BATLEY LTD
Filleted Accounts
31 May 2024
FRANKSTER'S BATLEY LTD
Registered number: 09575133
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 167,994 208,463
Current assets
Stocks 10,900 12,400
Debtors 4 25,370 288,929
Cash at bank and in hand 40,310 16,314
76,580 317,643
Creditors: amounts falling due within one year 5 (67,127) (158,621)
Net current assets 9,453 159,022
Total assets less current liabilities 177,447 367,485
Creditors: amounts falling due after more than one year 6 (30,309) (312)
Net assets 147,138 367,173
Capital and reserves
Called up share capital 300 300
Profit and loss account 146,838 366,873
Shareholders' funds 147,138 367,173
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
AISHA PATEL
Director
Approved by the board on 26 July 2024
FRANKSTER'S BATLEY LTD
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 10 years
Fixtures, fittings, tools and equipment over 10 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 40 46
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 June 2023 89,635 370,543 460,178
Additions - 6,165 6,165
At 31 May 2024 89,635 376,708 466,343
Depreciation
At 1 June 2023 60,850 190,865 251,715
Charge for the year 8,963 37,671 46,634
At 31 May 2024 69,813 228,536 298,349
Net book value
At 31 May 2024 19,822 148,172 167,994
At 31 May 2023 28,785 179,678 208,463
4 Debtors 2024 2023
£ £
Trade debtors 25,370 6,845
Other debtors 282,084
25,370 288,929
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 10,837 20,592
Taxation and social security costs 45,601 118,792
Other creditors 10,689 19,237
67,127 158,621
6 Creditors: amounts falling due after one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 30,000 -
Directors Loan 309 312
30,309 312
7 Pension commitments
The company uses NEST as their approved pension provider. All eligible staff are auto-enrolled into this Pension scheme.
8 Related party transactions
The following affiliated companies have had transfers of funds.
Company Name Balance b/f Additions Repayments Bad Debt Balance c/f
HT Sheffield 231909.51 7687.49 239,597 0.00
HT Manchester 5000.00 5000.00 0.00
HT Leicester 5000.00 5000.00 0.00
HT Bradford -4782.21 -4782.21 0.00
HT Enterprise 5000.00 5000.00 0.00
Flipstock -20000.00 20000.00 0.00
ALM Cars 20000.00 35000.00 25000.00 30000.00
242127.30 62687.49 35217.79 239597.00 30000.00
HT Enterprise sheff Ltd which was a fully owned subsisiary of Franksters Batley Ltd. With the help of a Loan from Franksters Batley Ltd, the subsidiary set up and operated a Franchise in sheffield. The subsidiary went into liquidation in Aug 23 and was dissolved in June 24. As a result the Loan to the company has had to be written off.
9 Other information
FRANKSTER'S BATLEY LTD is a private company limited by shares and incorporated in England. Its registered office is:
598 BRADFORD ROAD
BATLEY
WF17 8LP
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