IRIS Accounts Production v24.2.0.383 13388244 Board of Directors 1.12.22 30.11.23 30.11.23 false true false false true false 260 34 312 260 538 260 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh133882442022-11-30133882442023-11-30133882442022-12-012023-11-30133882442021-11-30133882442021-12-012022-11-30133882442022-11-3013388244ns15:EnglandWales2022-12-012023-11-3013388244ns14:PoundSterling2022-12-012023-11-3013388244ns10:Director12022-12-012023-11-3013388244ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3013388244ns10:SmallEntities2022-12-012023-11-3013388244ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3013388244ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3013388244ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3013388244ns10:FullAccounts2022-12-012023-11-3013388244ns10:Director2422022-11-3013388244ns10:Director2422022-12-012023-11-3013388244ns10:Director2422021-12-012022-11-3013388244ns10:Director2422023-11-3013388244ns10:Director2422022-11-3013388244ns5:CurrentFinancialInstruments2023-11-3013388244ns5:CurrentFinancialInstruments2022-11-3013388244ns5:Non-currentFinancialInstruments2023-11-3013388244ns5:Non-currentFinancialInstruments2022-11-3013388244ns5:ShareCapital2023-11-3013388244ns5:ShareCapital2022-11-3013388244ns5:RetainedEarningsAccumulatedLosses2023-11-3013388244ns5:RetainedEarningsAccumulatedLosses2022-11-3013388244ns10:RegisteredOffice2022-12-012023-11-3013388244ns5:LandBuildings2022-11-3013388244ns5:PlantMachinery2022-11-3013388244ns5:LandBuildings2022-12-012023-11-3013388244ns5:PlantMachinery2022-12-012023-11-3013388244ns5:LandBuildings2023-11-3013388244ns5:PlantMachinery2023-11-3013388244ns5:LandBuildings2022-11-3013388244ns5:PlantMachinery2022-11-3013388244ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3013388244ns5:WithinOneYearns5:CurrentFinancialInstruments2022-11-3013388244ns10:Director22022-12-012023-11-30133882441ns10:Director12022-11-30133882441ns10:Director12021-11-30133882441ns10:Director12022-12-012023-11-30133882441ns10:Director12021-12-012022-11-30133882441ns10:Director12023-11-30133882441ns10:Director12022-11-30
REGISTERED NUMBER: 13388244 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

FRALC LIMITED

FRALC LIMITED (REGISTERED NUMBER: 13388244)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


FRALC LIMITED (REGISTERED NUMBER: 13388244)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 526,699 538,448

CURRENT ASSETS
Stocks 9,535 10,425
Debtors 5 82,278 108,463
Cash at bank and in hand 89,193 290,243
181,006 409,131
CREDITORS
Amounts falling due within one year 6 570,439 643,422
NET CURRENT LIABILITIES (389,433 ) (234,291 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

137,266

304,157

CREDITORS
Amounts falling due after more than one year 7 (237,574 ) (237,892 )

PROVISIONS FOR LIABILITIES (61,262 ) (43,933 )
NET (LIABILITIES)/ASSETS (161,570 ) 22,332

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (161,670 ) 22,232
(161,570 ) 22,332

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

FRALC LIMITED (REGISTERED NUMBER: 13388244)

Balance Sheet - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





Amerjit Kaur - Director


FRALC LIMITED (REGISTERED NUMBER: 13388244)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Fralc Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13388244

Registered office: Office 3
Trent Business Park
Eastern Avenue
Lichfield
WS13 6RN

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

FRALC LIMITED (REGISTERED NUMBER: 13388244)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 20 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 150,500 442,690 593,190
Additions - 59,644 59,644
At 30 November 2023 150,500 502,334 652,834
DEPRECIATION
At 1 December 2022 - 54,742 54,742
Charge for year - 71,393 71,393
At 30 November 2023 - 126,135 126,135
NET BOOK VALUE
At 30 November 2023 150,500 376,199 526,699
At 30 November 2022 150,500 387,948 538,448

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 74,000 -
Other debtors 8,278 108,463
82,278 108,463

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 782 -
Trade creditors 82,386 106,856
Taxation and social security 17,893 934
Other creditors 469,378 535,632
570,439 643,422

FRALC LIMITED (REGISTERED NUMBER: 13388244)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 237,574 237,892

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
Amerjit Kaur and Rashpal Singh Sunner
Balance outstanding at start of year (260 ) -
Amounts advanced 34 -
Amounts repaid (312 ) (260 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (538 ) (260 )

9. RELATED PARTY DISCLOSURES

Long term liability of £237,574 (£237,982 in 2022) is a related party transaction