Company Registration No. 09817115 (England and Wales)
Fracmaven Ltd
Unaudited accounts
for the year ended 31 December 2023
Fracmaven Ltd
Unaudited accounts
Contents
Fracmaven Ltd
Company Information
for the year ended 31 December 2023
Company Number
09817115 (England and Wales)
Registered Office
33 Chessington Avenue
London
N3 3DR
Accountants
Eaton Square Advisory Ltd
33, Chessington Avenue
Finchley
London
N3 3DR
Fracmaven Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
35,297
40,593
Cash at bank and in hand
86,492
25,682
Creditors: amounts falling due within one year
(81,269)
(45,904)
Net current assets
52,004
1,554
Total assets less current liabilities
87,301
42,147
Creditors: amounts falling due after more than one year
(18,468)
(28,256)
Provisions for liabilities
Deferred tax
(6,707)
(7,861)
Called up share capital
100
100
Profit and loss account
62,026
5,930
Shareholders' funds
62,126
6,030
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 director acknowledges his 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 and authorised for issue on 16 September 2024 and were signed on its behalf by
Mr E Vaughan
Director
Company Registration No. 09817115
Fracmaven Ltd
Notes to the Accounts
for the year ended 31 December 2023
Fracmaven Ltd is a private company, limited by shares, registered in England and Wales, registration number 09817115. The registered office is 33 Chessington Avenue, London, N3 3DR.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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
3 years straight line
Motor vehicles
5 years straightline
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Fracmaven Ltd
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2023
6,989
50,673
57,662
At 31 December 2023
10,013
50,673
60,686
At 1 January 2023
4,799
12,270
17,069
Charge for the year
2,185
6,135
8,320
At 31 December 2023
6,984
18,405
25,389
At 31 December 2023
3,029
32,268
35,297
At 31 December 2022
2,190
38,403
40,593
Amounts falling due within one year
Accrued income and prepayments
15,850
10,475
Other debtors
30,931
7,591
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,648
10,648
Trade creditors
3,245
2,365
Taxes and social security
29,693
12,380
Loans from directors
-
16,459
7
Creditors: amounts falling due after more than one year
2023
2022
Fracmaven Ltd
Notes to the Accounts
for the year ended 31 December 2023
8
Deferred taxation
2023
2022
Accelerated capital allowances
6,707
7,861
Provision at start of year
7,861
8,704
Credited to the profit and loss account
(1,154)
(843)
Provision at end of year
6,707
7,861
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan with no fixed date for repayment carrying interest at2% p.a.
(16,549)
36,983
-
20,434
The loan was repaid in full on 31 March 2024
11
Average number of employees
During the year the average number of employees was 2 (2022: 2).