IRIS Accounts Production v24.2.0.383 06789065 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh067890652022-12-31067890652023-12-31067890652023-01-012023-12-31067890652021-12-31067890652022-01-012022-12-31067890652022-12-3106789065ns15:EnglandWales2023-01-012023-12-3106789065ns14:PoundSterling2023-01-012023-12-3106789065ns10:Director12023-01-012023-12-3106789065ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3106789065ns10:SmallEntities2023-01-012023-12-3106789065ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3106789065ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3106789065ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3106789065ns10:FullAccounts2023-01-012023-12-3106789065ns10:Director22023-01-012023-12-3106789065ns10:CompanySecretary12023-01-012023-12-3106789065ns10:RegisteredOffice2023-01-012023-12-3106789065ns5:CurrentFinancialInstruments2023-12-3106789065ns5:CurrentFinancialInstruments2022-12-3106789065ns5:ShareCapital2023-12-3106789065ns5:ShareCapital2022-12-3106789065ns5:RetainedEarningsAccumulatedLosses2023-12-3106789065ns5:RetainedEarningsAccumulatedLosses2022-12-3106789065ns5:PlantMachinery2023-01-012023-12-3106789065ns5:PlantMachinery2022-12-3106789065ns5:PlantMachinery2023-12-3106789065ns5:PlantMachinery2022-12-3106789065ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3106789065ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 06789065 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

FRANKS & CO (MANCUNIUM) LIMITED

FRANKS & CO (MANCUNIUM) LIMITED (REGISTERED NUMBER: 06789065)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FRANKS & CO (MANCUNIUM) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R B Franks
A A Lawal





SECRETARY: D Hartley





REGISTERED OFFICE: 15 Jessops Riverside
Brightside Lane
Sheffield
South Yorkshire
S9 2RX





REGISTERED NUMBER: 06789065 (England and Wales)





ACCOUNTANTS: Marriott Gibbs Rees Wallis Limited
Chartered Certified Accountants
First Floor
Unit 4, Broadfield Court
Sheffield
South Yorkshire
S8 0XF

FRANKS & CO (MANCUNIUM) LIMITED (REGISTERED NUMBER: 06789065)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 211 565

CURRENT ASSETS
Debtors 5 6,857 12,731
Cash at bank 8,298 1,800
15,155 14,531
CREDITORS
Amounts falling due within one year 6 23,987 31,805
NET CURRENT LIABILITIES (8,832 ) (17,274 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,621

)

(16,709

)

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Retained earnings (38,621 ) (46,709 )
(8,621 ) (16,709 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:





R B Franks - Director


FRANKS & CO (MANCUNIUM) LIMITED (REGISTERED NUMBER: 06789065)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Franks & Co (Mancunium) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents amounts receivable for services net of VAT.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

FRANKS & CO (MANCUNIUM) LIMITED (REGISTERED NUMBER: 06789065)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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.

Going concern
The financial statements have been prepared on a going concern basis, on the understanding that the company will continue to receive the support of the director as required.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 1,668
DEPRECIATION
At 1 January 2023 1,103
Charge for year 354
At 31 December 2023 1,457
NET BOOK VALUE
At 31 December 2023 211
At 31 December 2022 565

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,857 11,731
Amounts recoverable on contract 1,000 1,000
6,857 12,731

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,732 2,987
Amounts owed to group undertakings - 13
Social security and other taxes 603 387
VAT 619 570
Other creditors - 1,055
Directors' current accounts 20,473 20,568
Accruals and deferred income 560 6,225
23,987 31,805

FRANKS & CO (MANCUNIUM) LIMITED (REGISTERED NUMBER: 06789065)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. RELATED PARTY DISCLOSURES

Franks & Co Limited
(Shareholder in Franks & Co (Mancunium) Limited)

An interest free loan has been provided by the company which is repayable on demand.

Included with administrative expense is a management charge by Franks and Co Limited amounting to £2,784 (2022 - £5,400).

During the year the company was supplied other services by Franks & Co Limited amounting to £2,360 (2022 - £2,417).

The amount owed by the company at the balance sheet date was £906 (2022 - £6,299).

During the year the company supplied Franks & Co Limited with services totalling £8,482 (2022 - £20,175).

The amount owed to the company at the balance sheet date was £2,275 (2022 - £nil).

8. ULTIMATE CONTROLLING PARTY

The ultimate holding company is Franks & Co Limited.

The ultimate controlling party is Dr R B Franks, the majority shareholder in the holding company.