Franchiserv Limited 02968595 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is The principal activity of the company is management consultancy. It has also generated profit from the sale of wine. Digita Accounts Production Advanced 6.30.9574.0 true 02968595 2023-01-01 2023-12-31 02968595 2023-12-31 02968595 bus:OrdinaryShareClass1 2023-12-31 02968595 core:RetainedEarningsAccumulatedLosses 2023-12-31 02968595 core:ShareCapital 2023-12-31 02968595 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2023-12-31 02968595 core:CurrentFinancialInstruments 2023-12-31 02968595 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 02968595 core:FurnitureFittingsToolsEquipment 2023-12-31 02968595 bus:SmallEntities 2023-01-01 2023-12-31 02968595 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 02968595 bus:FullAccounts 2023-01-01 2023-12-31 02968595 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 02968595 bus:RegisteredOffice 2023-01-01 2023-12-31 02968595 bus:Director1 2023-01-01 2023-12-31 02968595 bus:Director2 2023-01-01 2023-12-31 02968595 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 02968595 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02968595 bus:Agent1 2023-01-01 2023-12-31 02968595 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 02968595 countries:AllCountries 2023-01-01 2023-12-31 02968595 2022-12-31 02968595 core:FurnitureFittingsToolsEquipment 2022-12-31 02968595 2022-01-01 2022-12-31 02968595 2022-12-31 02968595 bus:OrdinaryShareClass1 2022-12-31 02968595 core:RetainedEarningsAccumulatedLosses 2022-12-31 02968595 core:ShareCapital 2022-12-31 02968595 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2022-12-31 02968595 core:CurrentFinancialInstruments 2022-12-31 02968595 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 02968595 core:FurnitureFittingsToolsEquipment 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Franchiserv Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 December 2023

Registration number: 02968595

 

Franchiserv Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 7

 

Franchiserv Limited

Company Information

Directors

Mr Paul Thomas Garfield Sellers

Mrs Brenda Rose Sellers

Registered office

Lowin House
Tregolls Road
Truro
Cornwall
TR1 2NA

Bankers

National Westminster Bank plc
2/4 St Nicholas Street
Truro
Cornwall
TR1 2RN

Accountants

Francis Clark LLP
Chartered Accountants
Lowin House
Tregolls Road
Truro
Cornwall
TR1 2NA

 

Franchiserv Limited

Balance Sheet

31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Other financial assets

5

35,967

81,032

Current assets

 

Debtors

6

1,254

714

Cash at bank and in hand

 

36,057

57,763

 

37,311

58,477

Creditors: Amounts falling due within one year

7

(2,900)

(1,512)

Net current assets

 

34,411

56,965

Net assets

 

70,378

137,997

Capital and reserves

 

Called up share capital

8

100

100

Profit and loss account

70,278

137,897

Shareholders' funds

 

70,378

137,997

 

Franchiserv Limited

Balance Sheet

31 December 2023

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 21 August 2024 and signed on its behalf by:
 

.........................................
Mr Paul Thomas Garfield Sellers
Director

Company Registration Number: 02968595

 

Franchiserv Limited

Notes to the Financial Statements

Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Lowin House
Tregolls Road
Truro
Cornwall
TR1 2NA

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 including Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

25% straight line

Investments

Fixed asset investments are measured at fair value at the year-end date. Any revaluation of fair value is charged to the profit and loss account.

 

Franchiserv Limited

Notes to the Financial Statements

Year Ended 31 December 2023

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.


 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

 

Franchiserv Limited

Notes to the Financial Statements

Year Ended 31 December 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

9,557

9,557

At 31 December 2023

9,557

9,557

Depreciation

At 1 January 2023

9,557

9,557

At 31 December 2023

9,557

9,557

Carrying amount

At 31 December 2023

-

-

At 31 December 2022

-

-

5

Other financial assets (current and non-current)

2023
£

2022
£

Non-current financial assets

Gold bullion at fair value through profit and loss

35,967

81,032

 

Franchiserv Limited

Notes to the Financial Statements

Year Ended 31 December 2023

6

Debtors

2023
£

2022
£

Prepayments

1,254

714

1,254

714

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

1,693

-

Accruals and deferred income

1,207

1,512

2,900

1,512

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100