2023-04-012024-03-312024-03-31false13544888FRANULOVIC LTD2024-05-1362020iso4217:GBPxbrli:pure135448882023-04-01135448882024-03-31135448882023-04-012024-03-31135448882022-09-01135448882023-03-31135448882022-09-012023-03-3113544888bus:SmallEntities2023-04-012024-03-3113544888bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3113544888bus:FullAccounts2023-04-012024-03-3113544888bus:PrivateLimitedCompanyLtd2023-04-012024-03-3113544888core:WithinOneYear2024-03-3113544888core:AfterOneYear2024-03-3113544888core:WithinOneYear2023-03-3113544888core:AfterOneYear2023-03-3113544888core:ShareCapital2024-03-3113544888core:SharePremium2024-03-3113544888core:RevaluationReserve2024-03-3113544888core:OtherReservesSubtotal2024-03-3113544888core:RetainedEarningsAccumulatedLosses2024-03-3113544888core:ShareCapital2023-03-3113544888core:SharePremium2023-03-3113544888core:RevaluationReserve2023-03-3113544888core:OtherReservesSubtotal2023-03-3113544888core:RetainedEarningsAccumulatedLosses2023-03-3113544888core:LandBuildings2024-03-3113544888core:PlantMachinery2024-03-3113544888core:Vehicles2024-03-3113544888core:FurnitureFittings2024-03-3113544888core:OfficeEquipment2024-03-3113544888core:NetGoodwill2024-03-3113544888core:IntangibleAssetsOtherThanGoodwill2024-03-3113544888core:ListedExchangeTraded2024-03-3113544888core:UnlistedNon-exchangeTraded2024-03-3113544888core:LandBuildings2023-03-3113544888core:PlantMachinery2023-03-3113544888core:Vehicles2023-03-3113544888core:FurnitureFittings2023-03-3113544888core:OfficeEquipment2023-03-3113544888core:NetGoodwill2023-03-3113544888core:IntangibleAssetsOtherThanGoodwill2023-03-3113544888core:ListedExchangeTraded2023-03-3113544888core:UnlistedNon-exchangeTraded2023-03-3113544888core:LandBuildings2023-04-012024-03-3113544888core:PlantMachinery2023-04-012024-03-3113544888core:Vehicles2023-04-012024-03-3113544888core:FurnitureFittings2023-04-012024-03-3113544888core:OfficeEquipment2023-04-012024-03-3113544888core:NetGoodwill2023-04-012024-03-3113544888core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3113544888core:ListedExchangeTraded2023-04-012024-03-3113544888core:UnlistedNon-exchangeTraded2023-04-012024-03-3113544888core:MoreThanFiveYears2023-04-012024-03-3113544888core:Non-currentFinancialInstruments2024-03-3113544888core:Non-currentFinancialInstruments2023-03-3113544888dpl:CostSales2023-04-012024-03-3113544888dpl:DistributionCosts2023-04-012024-03-3113544888core:LandBuildings2023-04-012024-03-3113544888core:PlantMachinery2023-04-012024-03-3113544888core:Vehicles2023-04-012024-03-3113544888core:FurnitureFittings2023-04-012024-03-3113544888core:OfficeEquipment2023-04-012024-03-3113544888dpl:AdministrativeExpenses2023-04-012024-03-3113544888core:NetGoodwill2023-04-012024-03-3113544888core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3113544888dpl:GroupUndertakings2023-04-012024-03-3113544888dpl:ParticipatingInterests2023-04-012024-03-3113544888dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3113544888core:ListedExchangeTraded2023-04-012024-03-3113544888dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3113544888core:UnlistedNon-exchangeTraded2023-04-012024-03-3113544888dpl:CostSales2022-09-012023-03-3113544888dpl:DistributionCosts2022-09-012023-03-3113544888core:LandBuildings2022-09-012023-03-3113544888core:PlantMachinery2022-09-012023-03-3113544888core:Vehicles2022-09-012023-03-3113544888core:FurnitureFittings2022-09-012023-03-3113544888core:OfficeEquipment2022-09-012023-03-3113544888dpl:AdministrativeExpenses2022-09-012023-03-3113544888core:NetGoodwill2022-09-012023-03-3113544888core:IntangibleAssetsOtherThanGoodwill2022-09-012023-03-3113544888dpl:GroupUndertakings2022-09-012023-03-3113544888dpl:ParticipatingInterests2022-09-012023-03-3113544888dpl:GroupUndertakingscore:ListedExchangeTraded2022-09-012023-03-3113544888core:ListedExchangeTraded2022-09-012023-03-3113544888dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-09-012023-03-3113544888core:UnlistedNon-exchangeTraded2022-09-012023-03-3113544888core:NetGoodwill2024-03-3113544888core:IntangibleAssetsOtherThanGoodwill2024-03-3113544888core:LandBuildings2024-03-3113544888core:PlantMachinery2024-03-3113544888core:Vehicles2024-03-3113544888core:FurnitureFittings2024-03-3113544888core:OfficeEquipment2024-03-3113544888core:AfterOneYear2024-03-3113544888core:WithinOneYear2024-03-3113544888core:ListedExchangeTraded2024-03-3113544888core:UnlistedNon-exchangeTraded2024-03-3113544888core:ShareCapital2024-03-3113544888core:SharePremium2024-03-3113544888core:RevaluationReserve2024-03-3113544888core:OtherReservesSubtotal2024-03-3113544888core:RetainedEarningsAccumulatedLosses2024-03-3113544888core:NetGoodwill2023-03-3113544888core:IntangibleAssetsOtherThanGoodwill2023-03-3113544888core:LandBuildings2023-03-3113544888core:PlantMachinery2023-03-3113544888core:Vehicles2023-03-3113544888core:FurnitureFittings2023-03-3113544888core:OfficeEquipment2023-03-3113544888core:AfterOneYear2023-03-3113544888core:WithinOneYear2023-03-3113544888core:ListedExc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FRANULOVIC LTD

Registered Number
13544888
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

FRANULOVIC LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

FRANULOVIC, Marino

Registered Address

20-22 Wenlock Road
London
N1 7GU

Registered Number

13544888 (England and Wales)
FRANULOVIC LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3587-
Tangible assets42,8951,682
3,4821,682
Current assets
Debtors52625,724
Cash at bank and on hand25,0618,918
25,32314,642
Creditors amounts falling due within one year6(11,563)(4,243)
Net current assets (liabilities)13,76010,399
Total assets less current liabilities17,24212,081
Net assets17,24212,081
Capital and reserves
Called up share capital11
Profit and loss account17,24112,080
Shareholders' funds17,24212,081
The financial statements were approved and authorised for issue by the Director on 13 May 2024, and are signed on its behalf by:
FRANULOVIC, Marino
Director
Registered Company No. 13544888
FRANULOVIC LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
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.
Revenue from rendering of services
Revenue 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment3
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year11
3.Intangible assets

Other

Total

££
Cost or valuation
Additions783783
At 31 March 24783783
Amortisation and impairment
Charge for year196196
At 31 March 24196196
Net book value
At 31 March 24587587
At 31 March 23--
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 April 232,4402,440
Additions2,5312,531
At 31 March 244,9714,971
Depreciation and impairment
At 01 April 23758758
Charge for year1,3181,318
At 31 March 242,0762,076
Net book value
At 31 March 242,8952,895
At 31 March 231,6821,682
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-5,462
Other debtors262262
Total2625,724
6.Creditors: amounts due within one year

2024

2023

££
Taxation and social security11,5523,924
Other creditors11319
Total11,5634,243