FRANCIS GROUP LIMITED

Company Registration Number:
08281372 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

FRANCIS GROUP LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

FRANCIS GROUP LIMITED

Balance sheet

As at 30 November 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 2,994,707 93,457
Total fixed assets: 2,994,707 93,457
Current assets
Stocks: 12,417 895,226
Debtors:   318,728
Cash at bank and in hand: 250,662 844,648
Total current assets: 581,807 1,739,874
Creditors: amounts falling due within one year: 4 (7,482) (67,152)
Net current assets (liabilities): 574,325 1,672,722
Total assets less current liabilities: 3,569,032 1,766,179
Creditors: amounts falling due after more than one year: 5 (1,242,187) (11,569)
Total net assets (liabilities): 2,326,845 1,754,610
Capital and reserves
Called up share capital: 2 2
Revaluation reserve:6703,1500
Profit and loss account: 1,623,693 1,754,608
Shareholders funds: 2,326,845 1,754,610

The notes form part of these financial statements

FRANCIS GROUP LIMITED

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 August 2024
and signed on behalf of the board by:

Name: Geoffrey Porton
Status: Director

The notes form part of these financial statements

FRANCIS GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

FRANCIS GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

2023 2022
Average number of employees during the period 2 3

FRANCIS GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible Assets

Total
Cost £
At 01 December 2022 127,437
Additions 2,242,294
Disposals (29,199)
Revaluations 703,150
At 30 November 2023 3,043,682
Depreciation
At 01 December 2022 33,980
Charge for year 17,078
On disposals (2,083)
At 30 November 2023 48,975
Net book value
At 30 November 2023 2,994,707
At 30 November 2022 93,457

FRANCIS GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Creditors: amounts falling due within one year note

Obligations under finance lease and hire purchase contracts 2023 - 4,338 2022 - 4,338 Taxation and social security costs 2023 - 84 2022 - 31,609 Other creditors 2024 - 3,060 2022 - 31,205 Total 2023 - 7,482 2022 - 67,152

FRANCIS GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Creditors: amounts falling due after more than one year note

Bank loans 2023 - 1,234,956 2022 - - Obligations under finance lease and hire purchase contracts 2023 - 7,231 2022 - 11,569 Total 2023 - 1,242,187 2022 - 11,569

FRANCIS GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

6. Revaluation reserve

2023
£
Balance at 01 December 2022 0
Surplus or deficit after revaluation 703,150
Balance at 30 November 2023 703,150

FRANCIS GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

7. Loans to directors

Name of director receiving advance or credit: Geoffrey Porton
Description of the loan: Advance for building work - repayable on 20/08/2024.
£
Balance at 01 December 2022 0
Advances or credits made: 318,728
Balance at 30 November 2023 318,728