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Company Registration No. 09817115 (England and Wales)
Fracmaven Ltd Unaudited accounts for the year ended 31 December 2023
Fracmaven Ltd Unaudited accounts Contents
Page
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Fracmaven Ltd Company Information for the year ended 31 December 2023
Director
Mr E Vaughan
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
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Fracmaven Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
35,297 
40,593 
Current assets
Debtors
46,781 
21,776 
Cash at bank and in hand
86,492 
25,682 
133,273 
47,458 
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)
Net assets
62,126 
6,030 
Capital and reserves
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
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Fracmaven Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
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 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
Foreign exchange
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.
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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 
Additions
3,024 
- 
3,024 
At 31 December 2023
10,013 
50,673 
60,686 
Depreciation
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 
Net book value
At 31 December 2023
3,029 
32,268 
35,297 
At 31 December 2022
2,190 
38,403 
40,593 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
1,294 
Trade debtors
- 
2,416 
Accrued income and prepayments
15,850 
10,475 
Other debtors
30,931 
7,591 
46,781 
21,776 
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 
Other creditors
- 
442 
Loans from directors
- 
16,459 
Accruals
37,683 
3,610 
81,269 
45,904 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
18,468 
28,256 
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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 
2023 
2022 
£ 
£ 
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 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr E Vaughan
Loan with no fixed date for repayment carrying interest at2% p.a.
(16,549)
36,983 
- 
20,434 
(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).
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