Company Registration No. 09213508 (England and Wales)
Frib Limited
Unaudited accounts
for the year ended 30 November 2023
Frib Limited
Unaudited accounts
Contents
Frib Limited
Company Information
for the year ended 30 November 2023
Directors
Robert Owen
Lucy Owen
Company Number
09213508 (England and Wales)
Registered Office
71 Woodland Avenue
Wolverhampton
WV6 8ND
Accountants
Nellys Accountants Ltd
71 Woodland Avenue
Tettenhall Wood
Wolverhampton
West Midlands
WV6 8ND
Frib Limited
Statement of financial position
as at 30 November 2023
Tangible assets
1,940
2,937
Cash at bank and in hand
42,564
45,002
Creditors: amounts falling due within one year
(31,860)
(30,141)
Net current assets
17,947
23,777
Total assets less current liabilities
19,887
26,714
Creditors: amounts falling due after more than one year
(8,421)
(12,632)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
10,997
13,424
Shareholders' funds
11,097
13,524
For the year ending 30 November 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 17 August 2024 and were signed on its behalf by
Robert Owen
Director
Company Registration No. 09213508
Frib Limited
Notes to the Accounts
for the year ended 30 November 2023
Frib Limited is a private company, limited by shares, registered in England and Wales, registration number 09213508. The registered office is 71 Woodland Avenue, Wolverhampton, WV6 8ND.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Fixtures & fittings
15% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Frib Limited
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Accrued income and prepayments
6,728
5,580
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,211
4,210
Taxes and social security
667
4,212
Loans from directors
16,369
16,950
7
Creditors: amounts falling due after more than one year
2023
2022
Frib Limited
Notes to the Accounts
for the year ended 30 November 2023
8
Deferred taxation
2023
2022
Accelerated capital allowances
369
558
Provision at start of year
558
612
Credited to the profit and loss account
(189)
(54)
Provision at end of year
369
558
Allotted, called up and fully paid:
50 Ordinary "A" shares of £1 each
50
50
50 Ordinary "B" shares of £1 each
50
50
10
Average number of employees
During the year the average number of employees was 14 (2022: 10).