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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
Page
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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
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Frame Production Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
29,014 
21,850 
Current assets
Debtors
51,778 
3,328 
Cash at bank and in hand
- 
21,892 
51,778 
25,220 
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)
Capital and reserves
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
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Frame Production Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 taxation
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.
Going concern
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.
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Frame Production Limited Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 December 2022
67,937 
Additions
17,001 
At 30 November 2023
84,938 
Depreciation
At 1 December 2022
46,087 
Charge for the year
9,837 
At 30 November 2023
55,924 
Net book value
At 30 November 2023
29,014 
At 30 November 2022
21,850 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
6,356 
2,906 
Trade debtors
122 
122 
Accrued income and prepayments
45,000 
- 
Other debtors
300 
300 
51,778 
3,328 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
13 
13 
Taxes and social security
356 
26 
Other creditors
1,810 
4,372 
Loans from directors
(3,560)
2,374 
Accruals
1,200 
1,200 
(181)
7,985 
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.
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Frame Production Limited Notes to the Accounts for the year ended 30 November 2023
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
500 Ordinary shares of £100 each
50,000 
50,000 
9
Controlling party
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.
10
Average number of employees
During the year the average number of employees was 3 (2022: 5).
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