Company Registration No. 08779730 (England and Wales)
Frame Production Limited
Unaudited accounts
for the year ended 30 November 2023
Frame Production Limited
Unaudited accounts
Contents
Frame Production Limited
Company Information
for the year ended 30 November 2023
Directors
Cheng Zeng
Yue Mu
Company Number
08779730 (England and Wales)
Registered Office
9 Dene Road
Dartford
DA1 1LX
England
Accountants
Anthony Daniel Associates Ltd
10 Julian Place
London
E14 3AT
Frame Production Limited
Statement of financial position
as at 30 November 2023
Tangible assets
29,014
21,850
Cash at bank and in hand
-
21,892
Creditors: amounts falling due within one year
181
(7,985)
Net current assets
51,959
17,235
Total assets less current liabilities
80,973
39,085
Creditors: amounts falling due after more than one year
(381,946)
(333,843)
Net liabilities
(300,973)
(294,758)
Called up share capital
50,000
50,000
Profit and loss account
(350,973)
(344,758)
Shareholders' funds
(300,973)
(294,758)
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 24 August 2024 and were signed on its behalf by
Cheng Zeng
Director
Company Registration No. 08779730
Frame Production Limited
Notes to the Accounts
for the year ended 30 November 2023
Frame Production Limited is a private company, limited by shares, registered in England and Wales, registration number 08779730. The registered office is 9 Dene Road, Dartford, DA1 1LX, 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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% on 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 is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
These accounts have been prepared on the going concern basis, on the understanding that the director and shareholders will continue to financially support the company during this uncertain period.
Frame Production Limited
Notes to the Accounts
for the year ended 30 November 2023
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Tangible fixed assets
Computer equipment
At 30 November 2023
84,938
At 30 November 2023
55,924
At 30 November 2023
29,014
At 30 November 2022
21,850
Amounts falling due within one year
Accrued income and prepayments
45,000
-
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Creditors: amounts falling due within one year
2023
2022
Taxes and social security
356
26
Other creditors
1,810
4,372
Loans from directors
(3,560)
2,374
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
381,946
333,843
Included in amounts falling due after more than one year is director, Mr Cheng Zeng's loan of £65,643 (2022: £50,343), Miss Yue Mu's loan of £316,303 (2022: £283,500) which is payable at the end of five year terms. The loan is unsecured and subordinated in favour of third party creditors.
Frame Production Limited
Notes to the Accounts
for the year ended 30 November 2023
Allotted, called up and fully paid:
500 Ordinary shares of £100 each
50,000
50,000
The ultimate controlling party is Mr. Cheng Zeng, who is the company's director and holds 437 Ordinary Shares. Ms. Yue Mu is the company's director and holds 63 Ordinary Shares.
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Average number of employees
During the year the average number of employees was 3 (2022: 5).