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Registered number: 09320480
Frankie Entertainment Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 09320480
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 18,079 36,159
Tangible Assets 5 47,340 47,223
65,419 83,382
CURRENT ASSETS
Debtors 1,203 1,460
Cash at bank and in hand 1,797 22,821
3,000 24,281
Creditors: Amounts Falling Due Within One Year (85,772 ) (76,513 )
NET CURRENT ASSETS (LIABILITIES) (82,772 ) (52,232 )
TOTAL ASSETS LESS CURRENT LIABILITIES (17,353 ) 31,150
NET (LIABILITIES)/ASSETS (17,353 ) 31,150
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account (17,354 ) 31,149
SHAREHOLDERS' FUNDS (17,353) 31,150
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr L Hodgson
Director
11 September 2024
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Abridged Financial Statements
1. General Information
Frankie Entertainment Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09320480 . The registered office is 10 The Triangle, Nottingham, Nottinghamshire, NG2 1AE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relate to website and logo designs etc They are amortised to profit and loss account over the estimated economic life of 4 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% - Reducing balance
Fixtures & Fittings 25% - Reducing balance
Computer Equipment 25% - Reducing balance
2.5. Foreign Currencies
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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Intangible Assets
Total
£
Cost
As at 1 April 2023 72,318
As at 31 March 2024 72,318
Amortisation
As at 1 April 2023 36,159
Provided during the period 18,080
As at 31 March 2024 54,239
Net Book Value
As at 31 March 2024 18,079
As at 1 April 2023 36,159
5. Tangible Assets
Total
£
Cost
As at 1 April 2023 161,475
Additions 14,993
As at 31 March 2024 176,468
Depreciation
As at 1 April 2023 114,252
Provided during the period 14,876
As at 31 March 2024 129,128
Net Book Value
As at 31 March 2024 47,340
As at 1 April 2023 47,223
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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