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A. FRAME LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST JANUARY 2024






A. FRAME LIMITED (REGISTERED NUMBER: 06761378)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 8

A. FRAME LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTOR: J A Frame





REGISTERED OFFICE: First Floor, Woburn Court
2 Railton Road
Woburn Road Ind Est
Kempston
Bedfordshire
MK42 7PN





REGISTERED NUMBER: 06761378 (England and Wales)





ACCOUNTANTS: HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN

A. FRAME LIMITED (REGISTERED NUMBER: 06761378)

BALANCE SHEET
31ST JANUARY 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,278 1,837
1,278 1,837

CURRENT ASSETS
Debtors 6 419,919 415,448
Cash at bank 2,837 4,972
422,756 420,420
CREDITORS
Amounts falling due within one year 7 60,404 59,257
NET CURRENT ASSETS 362,352 361,163
TOTAL ASSETS LESS CURRENT
LIABILITIES

363,630

363,000

CREDITORS
Amounts falling due after more than one year 8 (14,885 ) (25,168 )

PROVISIONS FOR LIABILITIES (128 ) (225 )
NET ASSETS 348,617 337,607

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 348,517 337,507
SHAREHOLDERS' FUNDS 348,617 337,607

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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.

A. FRAME LIMITED (REGISTERED NUMBER: 06761378)

BALANCE SHEET - continued
31ST JANUARY 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 14th October 2024 and were signed by:





J A Frame - Director


A. FRAME LIMITED (REGISTERED NUMBER: 06761378)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024

1. STATUTORY INFORMATION

A. Frame 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents the work of local building projects and providing maintenance services.

Turnover is recognised when the project has been completed.

Turnover is stated net of value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery - 25% on reducing balance
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.


A. FRAME LIMITED (REGISTERED NUMBER: 06761378)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

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.

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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st February 2023
and 31st January 2024 25,000
AMORTISATION
At 1st February 2023
and 31st January 2024 25,000
NET BOOK VALUE
At 31st January 2024 -
At 31st January 2023 -

A. FRAME LIMITED (REGISTERED NUMBER: 06761378)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st February 2023 5,126 8,701 5,764 19,591
Disposals - - (1,391 ) (1,391 )
At 31st January 2024 5,126 8,701 4,373 18,200
DEPRECIATION
At 1st February 2023 4,211 8,047 5,496 17,754
Charge for year 264 164 131 559
Eliminated on disposal - - (1,391 ) (1,391 )
At 31st January 2024 4,475 8,211 4,236 16,922
NET BOOK VALUE
At 31st January 2024 651 490 137 1,278
At 31st January 2023 915 654 268 1,837

6. DEBTORS
31/1/24 31/1/23
£    £   
Amounts falling due within one year:
Trade debtors 281 4,421
Prepayments 561 1,792
842 6,213

Amounts falling due after more than one year:
Amounts owed by related companies 419,077 409,235

Aggregate amounts 419,919 415,448

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Bank loans and overdrafts 10,283 10,101
Trade creditors 6,322 8,931
Corporation tax 18,651 12,815
Social security and other taxes 462 1,696
VAT 13,503 13,440
Other creditors 142 119
Directors' current accounts 9,741 10,855
Accruals and deferred income 1,300 1,300
60,404 59,257

A. FRAME LIMITED (REGISTERED NUMBER: 06761378)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/24 31/1/23
£    £   
Bank loans - 2-5 years 14,885 25,168

9. RELATED PARTY DISCLOSURES

A & M Frame Property Ltd is a company of which Mr J A Frame is a director and shareholder.

At the balance sheet date there was an interest free loan, payable on demand, owed from A & M Frame Property Ltd amounting to £419,077, disclosed within debtors falling due after more than one year (2023 - £409,235).

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
A. FRAME LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A. Frame Limited for the year ended 31st January 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of A. Frame Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A. Frame Limited and state those matters that we have agreed to state to the director of A. Frame Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A. Frame Limited and its director for our work or for this report.

It is your duty to ensure that A. Frame Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A. Frame Limited. You consider that A. Frame Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A. Frame Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


14th October 2024