Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01truefalsetrueNo description of principal activity22The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13989636 2023-04-01 2024-03-31 13989636 2022-03-19 2023-03-31 13989636 2024-03-31 13989636 2023-03-31 13989636 c:Director2 2023-04-01 2024-03-31 13989636 d:CurrentFinancialInstruments 2024-03-31 13989636 d:CurrentFinancialInstruments 2023-03-31 13989636 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13989636 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13989636 d:ShareCapital 2024-03-31 13989636 d:ShareCapital 2023-03-31 13989636 d:RetainedEarningsAccumulatedLosses 2024-03-31 13989636 d:RetainedEarningsAccumulatedLosses 2023-03-31 13989636 c:OrdinaryShareClass1 2023-04-01 2024-03-31 13989636 c:OrdinaryShareClass1 2024-03-31 13989636 c:OrdinaryShareClass1 2023-03-31 13989636 c:FRS102 2023-04-01 2024-03-31 13989636 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13989636 c:FullAccounts 2023-04-01 2024-03-31 13989636 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13989636 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13989636










FRITH FARM ESSENTIAL OILS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
FRITH FARM ESSENTIAL OILS LTD
REGISTERED NUMBER: 13989636

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
242,450
120,280

Cash at bank and in hand
  
2,595
12,975

  
245,045
133,255

Creditors: amounts falling due within one year
 5 
(100,132)
(59,680)

Net current assets
  
 
 
144,913
 
 
73,575

Total assets less current liabilities
  
144,913
73,575

  

Net assets
  
144,913
73,575


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
144,903
73,565

  
144,913
73,575


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




T J Casson
Director

Date: 18 September 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
FRITH FARM ESSENTIAL OILS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Frith Farm Essential Oils Limited is a private company, limited by share capital and incorporated in England and Wales. 
The Company's registered office and principal place of business is Frith Farm, Wheathold, Wolverton, Basingstoke, RG26 5SA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 2

 
FRITH FARM ESSENTIAL OILS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 3

 
FRITH FARM ESSENTIAL OILS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Debtors

2024
2023
£
£


Trade debtors
90,525
80,270

Other debtors
151,915
40,000

Called up share capital not paid
10
10

242,450
120,280



5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
12,929
24,187

Corporation tax
41,321
17,396

Other taxation and social security
12,882
15,597

Accruals and deferred income
33,000
2,500

100,132
59,680



6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10 (2023 - 10) Ordinary shares of £1.00 each
10
10



7.


Related party transactions

Other debtors consists of amounts due from Frith Farm - a trade owned by the sole shareholder. At the year end £151,915 (2023: £40,000) was due from Frith Farm.


Page 4