07467925falseConstruction2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-12-31http://www.companieshouse.gov.uk/cd:Director12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2022-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-12-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-01-012023-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-01-012023-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-12-31http://www.companieshouse.gov.uk/2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/cd:FRS1022023-01-012023-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-01-012023-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-01-012023-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 07467925

Frostbuild Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023

Prepared By:
IUVO Services Limited
Chartered Accountants
10 The Crescent
Little Leighs
Chelmsford
Essex
CM3 1LY

Frostbuild Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTORS
C V Frost
REGISTERED OFFICE
10 The Crescent
Little Leighs
Chelmsford
Essex
CM3 1LY
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07467925
ACCOUNTANTS
IUVO Services Limited
Chartered Accountants
10 The Crescent
Little Leighs
Chelmsford
Essex
CM3 1LY

Frostbuild Limited

ACCOUNTS
FOR THEYEARENDED31/12/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Frostbuild Limited

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Tangible assets31,0281,542
CURRENT ASSETS
Stock2,6502,500
Debtors5762762
Cash at bank and in hand1,26973
4,6813,335
CREDITORS: Amounts falling due within one year637,84436,407
NET CURRENT LIABILITIES(33,163)(33,072)
TOTAL ASSETS LESS CURRENT LIABILITIES(32,135)(31,530)
CAPITAL AND RESERVES
Called up share capital722
Profit and loss account(32,137)(31,532)
SHAREHOLDERS' FUNDS(32,135)(31,530)
For the year ending 31/12/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 18/09/2024 and signed on their behalf by
.............................
C V Frost
Director

Frostbuild Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
At the year end date its liabilities exceeded its assets by £32,135 (2022:£31,530). This is caused by very difficult trading in the previous year that resulted in a gross loss. The director believes this loss was very much a one off and has secured work so that the company will be able to trade profitably in the future. The loss is funded by the director who has indicated he is happy to continue to support the Company in this way. As a result the accounts have been prepared on a going concern basis
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20232022
No.No.
Average number of employees--

Frostbuild Limited

3. TANGIBLE FIXED ASSETS
Commercial
VehiclesTotal
££
Cost
At 01/01/20236,0006,000
Disposals(667)(667)
At 31/12/20235,3335,333
Depreciation
At 01/01/20234,4584,458
Disposals(496)(496)
For the year343343
At 31/12/20234,3054,305
Net Book Amounts
At 31/12/20231,0281,028
At 31/12/20221,5421,542
4. STOCK 20232022
££
Stock comprises:
Work in progress2,6502,500
2,6502,500
5. DEBTORS 20232022
££
Amounts falling due within one year
UK corporation tax433433
Other debtors329329
762762
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
VAT6,0521,646
Directors current account23,67828,135
Trade creditors6,6145,126
Accruals1,5001,500
37,84436,407

Frostbuild Limited

7. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22
8. CONTROLLING PARTY
The company is controlled by C V Frost, the director.
9. RELATED PARTY TRANSACTIONS
At the year end date the company owed its director £23,678 by its director (2022: £28,134). This is included in creditors, is repayable on demand and attracts no interest.