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REGISTERED NUMBER: 09584090 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 May 2024

for

Fross Wedding Collections Limited

Fross Wedding Collections Limited (Registered number: 09584090)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fross Wedding Collections Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mrs F Hockley





REGISTERED OFFICE: Lynnem House
1 Victoria Way
Burgess Hill
West Sussex
RH15 9NF





REGISTERED NUMBER: 09584090 (England and Wales)





ACCOUNTANTS: Price Green & Co
Lynnem House
1 Victoria Way
Burgess Hill
West Sussex
RH15 9NF

Fross Wedding Collections Limited (Registered number: 09584090)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,176 6,688

CURRENT ASSETS
Stocks 31,223 22,000
Debtors 5 39,019 51,257
Cash at bank 23 8,000
70,265 81,257
CREDITORS
Amounts falling due within one year 6 69,812 73,746
NET CURRENT ASSETS 453 7,511
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,629

14,199

CREDITORS
Amounts falling due after more than one year 7 (4,000 ) (8,758 )

PROVISIONS FOR LIABILITIES (1,106 ) (1,097 )
NET ASSETS 523 4,344

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 423 4,244
SHAREHOLDERS' FUNDS 523 4,344

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Fross Wedding Collections Limited (Registered number: 09584090)

Balance Sheet - continued
31 May 2024


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 9 July 2024 and were signed by:





Mrs F Hockley - Director


Fross Wedding Collections Limited (Registered number: 09584090)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Fross Wedding Collections 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

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.

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
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.

Fross Wedding Collections Limited (Registered number: 09584090)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 38,910
Additions 216
At 31 May 2024 39,126
DEPRECIATION
At 1 June 2023 32,222
Charge for year 1,728
At 31 May 2024 33,950
NET BOOK VALUE
At 31 May 2024 5,176
At 31 May 2023 6,688

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors - 1,506
Other debtors 39,019 49,751
39,019 51,257

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 14,121 18,670
Trade creditors 14,113 9,508
Taxation and social security 26,021 15,590
Other creditors 15,557 29,978
69,812 73,746

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 4,000 8,758

Fross Wedding Collections Limited (Registered number: 09584090)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

8. RELATED PARTY DISCLOSURES

The company has been controlled throughout the period by it's director, Mrs F Hockley.

Included in other debtors is £29,173 (2023: £45,872) owed to the company by the director.

During the year, total dividends of £20,000 (2023 - £20,000) were paid to the director.