IRIS Accounts Production v24.2.0.383 04322186 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false Ordinary 1.00000 Ordinary-A 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043221862023-01-31043221862024-01-31043221862023-02-012024-01-31043221862022-01-31043221862022-02-012023-01-31043221862023-01-3104322186ns15:EnglandWales2023-02-012024-01-3104322186ns14:PoundSterling2023-02-012024-01-3104322186ns10:Director12023-02-012024-01-3104322186ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3104322186ns10:SmallEntities2023-02-012024-01-3104322186ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3104322186ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3104322186ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3104322186ns10:FullAccounts2023-02-012024-01-3104322186ns10:OrdinaryShareClass12023-02-012024-01-3104322186ns10:OrdinaryShareClass22023-02-012024-01-3104322186ns10:Director22023-02-012024-01-3104322186ns10:CompanySecretary12023-02-012024-01-3104322186ns10:RegisteredOffice2023-02-012024-01-3104322186ns5:CurrentFinancialInstruments2024-01-3104322186ns5:CurrentFinancialInstruments2023-01-3104322186ns5:ShareCapital2024-01-3104322186ns5:ShareCapital2023-01-3104322186ns5:RetainedEarningsAccumulatedLosses2024-01-3104322186ns5:RetainedEarningsAccumulatedLosses2023-01-3104322186ns5:FurnitureFittings2023-02-012024-01-3104322186ns5:MotorVehicles2023-02-012024-01-3104322186ns5:ComputerEquipment2023-02-012024-01-3104322186ns5:LandBuildingsns5:ShortLeaseholdAssets2023-01-3104322186ns5:FurnitureFittings2023-01-3104322186ns5:MotorVehicles2023-01-3104322186ns5:ComputerEquipment2023-01-3104322186ns5:LandBuildingsns5:ShortLeaseholdAssets2023-02-012024-01-3104322186ns5:LandBuildingsns5:ShortLeaseholdAssets2024-01-3104322186ns5:FurnitureFittings2024-01-3104322186ns5:MotorVehicles2024-01-3104322186ns5:ComputerEquipment2024-01-3104322186ns5:LandBuildingsns5:ShortLeaseholdAssets2023-01-3104322186ns5:FurnitureFittings2023-01-3104322186ns5:MotorVehicles2023-01-3104322186ns5:ComputerEquipment2023-01-3104322186ns5:AcceleratedTaxDepreciationDeferredTax2024-01-3104322186ns5:AcceleratedTaxDepreciationDeferredTax2023-01-3104322186ns5:DeferredTaxation2023-01-3104322186ns5:DeferredTaxation2023-02-012024-01-3104322186ns5:DeferredTaxation2024-01-3104322186ns10:OrdinaryShareClass12024-01-3104322186ns10:OrdinaryShareClass22024-01-31043221861ns10:Director12023-01-31043221861ns10:Director12022-01-31043221861ns10:Director12023-02-012024-01-31043221861ns10:Director12022-02-012023-01-31043221861ns10:Director12024-01-31043221861ns10:Director12023-01-3104322186ns10:Director222023-01-3104322186ns10:Director222022-01-3104322186ns10:Director222023-02-012024-01-3104322186ns10:Director222022-02-012023-01-3104322186ns10:Director222024-01-3104322186ns10:Director222023-01-31
REGISTERED NUMBER: 04322186 (England and Wales)















FROTH 'N' ELBOW LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






FROTH 'N' ELBOW LIMITED (REGISTERED NUMBER: 04322186)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FROTH 'N' ELBOW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: D Cousins
S Cousins





SECRETARY: Indigo Secretaries Limited





REGISTERED OFFICE: 3 Kensworth Gate
200-204 High Street South
Dunstable
Bedfordshire
LU6 3HS





REGISTERED NUMBER: 04322186 (England and Wales)





ACCOUNTANTS: Higginson & Co (UK) Ltd
3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS

FROTH 'N' ELBOW LIMITED (REGISTERED NUMBER: 04322186)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,114 21,181

CURRENT ASSETS
Stocks 4,060 3,866
Prepayments and accrued income 3,554 1,513
Cash at bank and in hand 49,178 43,845
56,792 49,224
CREDITORS
Amounts falling due within one year 5 46,001 45,539
NET CURRENT ASSETS 10,791 3,685
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,905

24,866

PROVISIONS FOR LIABILITIES 6 3,446 4,024
NET ASSETS 24,459 20,842

CAPITAL AND RESERVES
Called up share capital 7 200 200
Retained earnings 24,259 20,642
SHAREHOLDERS' FUNDS 24,459 20,842

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

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

FROTH 'N' ELBOW LIMITED (REGISTERED NUMBER: 04322186)

BALANCE SHEET - continued
31 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 Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by:





D Cousins - Director


FROTH 'N' ELBOW LIMITED (REGISTERED NUMBER: 04322186)

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


1. STATUTORY INFORMATION

Froth 'n' Elbow 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 each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Equipment - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

FROTH 'N' ELBOW LIMITED (REGISTERED NUMBER: 04322186)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor
leasehold fittings vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 35,000 35,337 6,000 26,112 102,449
Disposals - - - (7,159 ) (7,159 )
At 31 January 2024 35,000 35,337 6,000 18,953 95,290
DEPRECIATION
At 1 February 2023 35,000 29,299 1,500 15,469 81,268
Charge for year - 905 1,125 1,650 3,680
Eliminated on disposal - - - (6,772 ) (6,772 )
At 31 January 2024 35,000 30,204 2,625 10,347 78,176
NET BOOK VALUE
At 31 January 2024 - 5,133 3,375 8,606 17,114
At 31 January 2023 - 6,038 4,500 10,643 21,181

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 4,946 12,998
Corporation tax 4,013 4,546
Social security and other taxes 311 575
VAT 1,917 4,560
Directors' current accounts 31,469 18,730
Accrued expenses 3,345 4,130
46,001 45,539

6. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax
Accelerated capital allowances 3,446 4,024

FROTH 'N' ELBOW LIMITED (REGISTERED NUMBER: 04322186)

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


6. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2023 4,024
Credit to Income Statement during year (578 )
Balance at 31 January 2024 3,446

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100
100 Ordinary-A £1 100 100
200 200

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
D Cousins
Balance outstanding at start of year 1,611 (3,719 )
Amounts advanced 1,248 5,330
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,859 1,611

S Cousins
Balance outstanding at start of year 17,119 -
Amounts advanced 11,491 17,119
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 28,610 17,119