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Company Registration No. 11091193 (England and Wales)
Frankiss Ltd Unaudited accounts for the year ended 31 December 2023
Frankiss Ltd Unaudited accounts Contents
Page
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Frankiss Ltd Company Information for the year ended 31 December 2023
Directors
John Frankiss Rebecca Frankiss
Company Number
11091193 (England and Wales)
Registered Office
The Hidden House New Street Falmouth Cornwall TR11 3HX
Accountants
Carolyn Lowe Biglin Lowe Accountants Ltd Bosnoweth Budock Water Cornwall TR11 5PE
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Frankiss Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,889 
3,276 
Tangible assets
48,727 
56,798 
50,616 
60,074 
Current assets
Inventories
3,500 
3,300 
Debtors
9,077 
8,908 
Cash at bank and in hand
5,411 
4,335 
17,988 
16,543 
Creditors: amounts falling due within one year
(33,940)
(28,378)
Net current liabilities
(15,952)
(11,835)
Total assets less current liabilities
34,664 
48,239 
Provisions for liabilities
Deferred tax
(12,871)
(11,222)
Net assets
21,793 
37,017 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
21,693 
36,917 
Shareholders' funds
21,793 
37,017 
For the 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. 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 6 September 2024 and were signed on its behalf by
Rebecca Frankiss Director Company Registration No. 11091193
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Frankiss Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Frankiss Ltd is a private company, limited by shares, registered in England and Wales, registration number 11091193. The registered office is The Hidden House, New Street, Falmouth, Cornwall, TR11 3HX.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
4 years straight line
Fixtures & fittings
15% reducing balance
Computer equipment
15% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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 assets and liabilities are not discounted.
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Frankiss Ltd Notes to the Accounts for the year ended 31 December 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
5,546 
At 31 December 2023
5,546 
Amortisation
At 1 January 2023
2,270 
Charge for the year
1,387 
At 31 December 2023
3,657 
Net book value
At 31 December 2023
1,889 
At 31 December 2022
3,276 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
47,584 
5,000 
35,649 
88,233 
Additions
- 
- 
1,809 
1,809 
Disposals
- 
- 
(480)
(480)
At 31 December 2023
47,584 
5,000 
36,978 
89,562 
Depreciation
At 1 January 2023
13,206 
2,500 
15,729 
31,435 
Charge for the year
5,156 
1,250 
3,223 
9,629 
On disposals
- 
- 
(229)
(229)
At 31 December 2023
18,362 
3,750 
18,723 
40,835 
Net book value
At 31 December 2023
29,222 
1,250 
18,255 
48,727 
At 31 December 2022
34,378 
2,500 
19,920 
56,798 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
2,578 
2,290 
Trade debtors
2,318 
4,678 
Other debtors
4,181 
1,940 
9,077 
8,908 
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Frankiss Ltd Notes to the Accounts for the year ended 31 December 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
1,426 
5,760 
Taxes and social security
5,879 
- 
Loans from directors
26,635 
22,618 
33,940 
28,378 
8
Average number of employees
During the year the average number of employees was 10 (2022: 11).
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