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Company Registration No. 00619914 (England and Wales)
Frederick William & Company Limited Unaudited accounts for the year ended 31 December 2023
Frederick William & Company Limited Unaudited accounts Contents
Page
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Frederick William & Company Limited Company Information for the year ended 31 December 2023
Directors
D W Roiser D E Dicker J D R Dore H L Dore
Company Number
00619914 (England and Wales)
Registered Office
8 Windsor Close Rustington Littlehampton West Sussex BN16 3TJ
Accountants
Keymer Haslam & Co 4/6 Church Road Burgess Hill West Sussex RH15 9AE
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Frederick William & Company Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,074 
1,263 
Investment property
2,036,838 
1,979,717 
2,037,912 
1,980,980 
Current assets
Debtors
7,731 
9,211 
Cash at bank and in hand
48,938 
41,967 
56,669 
51,178 
Creditors: amounts falling due within one year
(109,258)
(96,521)
Net current liabilities
(52,589)
(45,343)
Total assets less current liabilities
1,985,323 
1,935,637 
Creditors: amounts falling due after more than one year
(32,930)
- 
Provisions for liabilities
Deferred tax
(163,723)
(135,282)
Net assets
1,788,670 
1,800,355 
Capital and reserves
Called up share capital
2,000 
2,000 
Profit and loss account
1,786,670 
1,798,355 
Shareholders' funds
1,788,670 
1,800,355 
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 30 September 2024 and were signed on its behalf by
D W Roiser Director Company Registration No. 00619914
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Frederick William & Company Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Frederick William & Company Limited is a private company, limited by shares, registered in England and Wales, registration number 00619914. The registered office is 8 Windsor Close, Rustington, Littlehampton, West Sussex, BN16 3TJ.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
15% on a reducing balance basis
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Frederick William & Company Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 January 2023
109,497 
At 31 December 2023
109,497 
Depreciation
At 1 January 2023
108,234 
Charge for the year
189 
At 31 December 2023
108,423 
Net book value
At 31 December 2023
1,074 
At 31 December 2022
1,263 
5
Investment property
2023 
£ 
Fair value at 1 January 2023
1,979,717 
Additions
57,121 
At 31 December 2023
2,036,838 
The freehold investment property was valued by the directors on an open market basis on 31 December 2017. The historical cost of the investment property is £55,917 (2018 £55,917).
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,787 
7,447 
Accrued income and prepayments
1,944 
1,764 
7,731 
9,211 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
58,199 
49,745 
Taxes and social security
49,509 
41,281 
Other creditors
- 
4,070 
Accruals
1,550 
1,425 
109,258 
96,521 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
32,930 
- 
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Frederick William & Company Limited Notes to the Accounts for the year ended 31 December 2023
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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