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REGISTERED NUMBER: 07880583 (England and Wales)















Franks and Toms Architects Limited

Unaudited Financial Statements

for the Year Ended 30 December 2023






Franks and Toms Architects Limited (Registered number: 07880583)






Contents of the Financial Statements
for the Year Ended 30 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Franks and Toms Architects Limited

Company Information
for the Year Ended 30 December 2023







DIRECTORS: Mr S Franks
Mrs T Franks





REGISTERED OFFICE: 170 Lake Road East
Cyncoed
Cardiff
South Glamorgan
CF23 5NR





REGISTERED NUMBER: 07880583 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Franks and Toms Architects Limited (Registered number: 07880583)

Balance Sheet
30 December 2023

30.12.23 30.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 69,886 93,556

CURRENT ASSETS
Debtors 5 19,334 44,904
Cash at bank and in hand 51,981 102,959
71,315 147,863
CREDITORS
Amounts falling due within one year 6 47,092 88,237
NET CURRENT ASSETS 24,223 59,626
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,109

153,182

CREDITORS
Amounts falling due after more than one year 7 (13,802 ) (36,830 )

PROVISIONS FOR LIABILITIES 9 (5,700 ) (6,200 )
NET ASSETS 74,607 110,152

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 74,507 110,052
SHAREHOLDERS' FUNDS 74,607 110,152

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





Mr S Franks - Director


Franks and Toms Architects Limited (Registered number: 07880583)

Notes to the Financial Statements
for the Year Ended 30 December 2023

1. STATUTORY INFORMATION

Franks and Toms Architects Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods from ordinary activities, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Franks and Toms Architects Limited (Registered number: 07880583)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 31 December 2022 35,285 43,642 10,246
Additions - 1,706 -
Disposals - - (5,927 )
Reclassification/transfer - 1,620 (1,620 )
At 30 December 2023 35,285 46,968 2,699
DEPRECIATION
At 31 December 2022 - 9,488 7,987
Charge for year - 8,976 674
Eliminated on disposal - - (5,927 )
Reclassification/transfer - 582 (582 )
At 30 December 2023 - 19,046 2,152
NET BOOK VALUE
At 30 December 2023 35,285 27,922 547
At 30 December 2022 35,285 34,154 2,259

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 31 December 2022 68,621 19,129 176,923
Additions - - 1,706
Disposals (36,120 ) (13,649 ) (55,696 )
Reclassification/transfer - - -
At 30 December 2023 32,501 5,480 122,933
DEPRECIATION
At 31 December 2022 48,721 17,171 83,367
Charge for year 1,626 707 11,983
Eliminated on disposal (22,727 ) (13,649 ) (42,303 )
Reclassification/transfer - - -
At 30 December 2023 27,620 4,229 53,047
NET BOOK VALUE
At 30 December 2023 4,881 1,251 69,886
At 30 December 2022 19,900 1,958 93,556

Franks and Toms Architects Limited (Registered number: 07880583)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 31 December 2022 36,120
Disposals (36,120 )
At 30 December 2023 -
DEPRECIATION
At 31 December 2022 13,799
Charge for year (1 )
Eliminated on disposal (22,727 )
Reclassification/transfer 8,929
At 30 December 2023 -
NET BOOK VALUE
At 30 December 2023 -
At 30 December 2022 22,321

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.23 30.12.22
£    £   
Trade debtors 18,786 44,217
Other debtors 548 687
19,334 44,904

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.23 30.12.22
£    £   
Bank loans and overdrafts (see note 8) 5,943 5,690
Hire purchase contracts - 3,305
Taxation and social security 29,510 47,849
Other creditors 11,639 31,393
47,092 88,237

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.12.23 30.12.22
£    £   
Bank loans (see note 8) 13,802 19,754
Hire purchase contracts - 17,076
13,802 36,830

8. LOANS

An analysis of the maturity of loans is given below:

30.12.23 30.12.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,943 5,690

Franks and Toms Architects Limited (Registered number: 07880583)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2023

8. LOANS - continued
30.12.23 30.12.22
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 6,208 5,943

Amounts falling due between two and five years:
Bank loans - 2-5 years 7,594 13,811

9. PROVISIONS FOR LIABILITIES
30.12.23 30.12.22
£    £   
Deferred tax 5,700 6,200

Deferred
tax
£   
Balance at 31 December 2022 6,200
Credit to Income Statement during year (500 )
Balance at 30 December 2023 5,700

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.12.23 30.12.22
value: £    £   
80 Ordinary £1 80 80
10 A Ordinary £1 10 10
10 B Ordinary £1 10 10
100 100