IRIS Accounts Production v24.2.0.383 06133662 director 1.1.23 31.12.23 31.12.23 true false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh061336622022-12-31061336622023-12-31061336622023-01-012023-12-31061336622021-12-31061336622022-01-012022-12-31061336622022-12-3106133662ns15:EnglandWales2023-01-012023-12-3106133662ns14:PoundSterling2023-01-012023-12-3106133662ns10:Director12023-01-012023-12-3106133662ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3106133662ns10:SmallEntities2023-01-012023-12-3106133662ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3106133662ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3106133662ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3106133662ns10:FullAccounts2023-01-012023-12-310613366212023-01-012023-12-3106133662ns10:OrdinaryShareClass12023-01-012023-12-3106133662ns10:RegisteredOffice2023-01-012023-12-3106133662ns5:CurrentFinancialInstruments2023-12-3106133662ns5:CurrentFinancialInstruments2022-12-3106133662ns5:Non-currentFinancialInstruments2023-12-3106133662ns5:Non-currentFinancialInstruments2022-12-3106133662ns5:ShareCapital2023-12-3106133662ns5:ShareCapital2022-12-3106133662ns5:RetainedEarningsAccumulatedLosses2023-12-3106133662ns5:RetainedEarningsAccumulatedLosses2022-12-3106133662ns5:NetGoodwill2023-01-012023-12-3106133662ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3106133662ns5:PlantMachinery2023-01-012023-12-3106133662ns5:MotorVehicles2023-01-012023-12-3106133662ns5:ComputerEquipment2023-01-012023-12-3106133662ns5:NetGoodwill2022-12-3106133662ns5:NetGoodwill2023-12-3106133662ns5:NetGoodwill2022-12-3106133662ns5:LeaseholdImprovements2022-12-3106133662ns5:PlantMachinery2022-12-3106133662ns5:MotorVehicles2022-12-3106133662ns5:ComputerEquipment2022-12-3106133662ns5:LeaseholdImprovements2023-01-012023-12-3106133662ns5:LeaseholdImprovements2023-12-3106133662ns5:PlantMachinery2023-12-3106133662ns5:MotorVehicles2023-12-3106133662ns5:ComputerEquipment2023-12-3106133662ns5:LeaseholdImprovements2022-12-3106133662ns5:PlantMachinery2022-12-3106133662ns5:MotorVehicles2022-12-3106133662ns5:ComputerEquipment2022-12-3106133662ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3106133662ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3106133662ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3106133662ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3106133662ns5:CostValuation2022-12-3106133662ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3106133662ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3106133662ns10:OrdinaryShareClass12023-12-31061336621ns10:Director12022-12-31061336621ns10:Director12021-12-31061336621ns10:Director12023-01-012023-12-31061336621ns10:Director12022-01-012022-12-31061336621ns10:Director12023-12-31061336621ns10:Director12022-12-31
REGISTERED NUMBER: 06133662 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

FRANKS MAINTENANCE GROUP LTD

FRANKS MAINTENANCE GROUP LTD (REGISTERED NUMBER: 06133662)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FRANKS MAINTENANCE GROUP LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTOR: P A Franks





REGISTERED OFFICE: The Old Barn
Madjeston
Gillingham
Dorset
SP8 5JH





REGISTERED NUMBER: 06133662 (England and Wales)





ACCOUNTANTS: Andrews and Palmer
Chartered Accountants
32 The Square
Gillingham
Dorset
SP8 4AR

FRANKS MAINTENANCE GROUP LTD (REGISTERED NUMBER: 06133662)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 164,979 140,408
Investments 6 4 4
164,983 140,412

CURRENT ASSETS
Stocks 4,750 4,500
Debtors 7 202,796 165,448
Cash at bank and in hand 210,011 214,797
417,557 384,745
CREDITORS
Amounts falling due within one year 8 184,296 224,517
NET CURRENT ASSETS 233,261 160,228
TOTAL ASSETS LESS CURRENT
LIABILITIES

398,244

300,640

CREDITORS
Amounts falling due after more than one
year

9

(29,748

)

(23,245

)

PROVISIONS FOR LIABILITIES (31,574 ) (23,348 )
NET ASSETS 336,922 254,047

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 335,922 253,047
SHAREHOLDERS' FUNDS 336,922 254,047

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

FRANKS MAINTENANCE GROUP LTD (REGISTERED NUMBER: 06133662)

BALANCE SHEET - continued
31 December 2023


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 director and authorised for issue on 24 September 2024 and were signed by:





P A Franks - Director


FRANKS MAINTENANCE GROUP LTD (REGISTERED NUMBER: 06133662)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Franks Maintenance Group Ltd 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised in the period in which the goods are dispatched or the service is performed.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


FRANKS MAINTENANCE GROUP LTD (REGISTERED NUMBER: 06133662)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 11 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 12,000
AMORTISATION
At 1 January 2023
and 31 December 2023 12,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

FRANKS MAINTENANCE GROUP LTD (REGISTERED NUMBER: 06133662)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 77,392 60,507 157,882 17,521 313,302
Additions - 24,020 31,928 8,905 64,853
At 31 December 2023 77,392 84,527 189,810 26,426 378,155
DEPRECIATION
At 1 January 2023 25,902 43,690 89,856 13,446 172,894
Charge for year 3,870 8,171 24,990 3,251 40,282
At 31 December 2023 29,772 51,861 114,846 16,697 213,176
NET BOOK VALUE
At 31 December 2023 47,620 32,666 74,964 9,729 164,979
At 31 December 2022 51,490 16,817 68,026 4,075 140,408

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023 100,045
Additions 27,223
Transfer to ownership (29,055 )
At 31 December 2023 98,213
DEPRECIATION
At 1 January 2023 44,210
Charge for year 17,773
Transfer to ownership (17,090 )
At 31 December 2023 44,893
NET BOOK VALUE
At 31 December 2023 53,320
At 31 December 2022 55,835

FRANKS MAINTENANCE GROUP LTD (REGISTERED NUMBER: 06133662)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 4
NET BOOK VALUE
At 31 December 2023 4
At 31 December 2022 4

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 197,554 121,378
Amounts recoverable on contract 1,739 -
Other debtors 3,503 44,070
202,796 165,448

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 11,887
Hire purchase contracts 18,490 16,904
Trade creditors 33,545 47,989
Amounts owed to group undertakings 4,000 -
Taxation and social security 116,312 85,557
Other creditors 11,949 62,180
184,296 224,517

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 29,744 23,241
Other creditors 4 4
29,748 23,245

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 48,234 40,145

Hire purchase liabilities are secured on the asset to which they relate.

FRANKS MAINTENANCE GROUP LTD (REGISTERED NUMBER: 06133662)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
P A Franks
Balance outstanding at start of year 33,226 (793 )
Amounts advanced - 34,641
Amounts repaid (33,226 ) (622 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 33,226

13. ULTIMATE CONTROLLING PARTY

The controlling party is P A Franks.