Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31truefalse2023-02-01No description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09975844 2023-02-01 2024-01-31 09975844 2022-02-01 2023-01-31 09975844 2024-01-31 09975844 2023-01-31 09975844 c:Director2 2023-02-01 2024-01-31 09975844 d:FurnitureFittings 2023-02-01 2024-01-31 09975844 d:FurnitureFittings 2024-01-31 09975844 d:FurnitureFittings 2023-01-31 09975844 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 09975844 d:CurrentFinancialInstruments 2024-01-31 09975844 d:CurrentFinancialInstruments 2023-01-31 09975844 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 09975844 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 09975844 d:ShareCapital 2024-01-31 09975844 d:ShareCapital 2023-01-31 09975844 d:RetainedEarningsAccumulatedLosses 2024-01-31 09975844 d:RetainedEarningsAccumulatedLosses 2023-01-31 09975844 c:OrdinaryShareClass1 2023-02-01 2024-01-31 09975844 c:OrdinaryShareClass1 2024-01-31 09975844 c:OrdinaryShareClass1 2023-01-31 09975844 c:FRS102 2023-02-01 2024-01-31 09975844 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09975844 c:FullAccounts 2023-02-01 2024-01-31 09975844 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09975844









FROMSON LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
FROMSON LTD
REGISTERED NUMBER: 09975844

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,258
1,830

  
1,258
1,830

Current assets
  

Cash at bank and in hand
 5 
18,664
9,249

  
18,664
9,249

Creditors: amounts falling due within one year
 6 
(35,981)
(26,961)

Net current liabilities
  
 
 
(17,317)
 
 
(17,712)

Total assets less current liabilities
  
(16,059)
(15,882)

  

Net liabilities
  
(16,059)
(15,882)


Capital and reserves
  

Called up share capital 
 7 
2
2

Profit and loss account
  
(16,061)
(15,884)

  
(16,059)
(15,882)


Page 1

 
FROMSON LTD
REGISTERED NUMBER: 09975844
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

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: 




S Fromson
Director

Date: 23 October 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

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

1.


General information

Fromson Ltd is a private company, limited by shares, registered in Engald, registration number 09975844. The registered office is 29 The Vale, London, England, NW11 8SE. 

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

Going concern

The financial statements have been prepared on the going concern basis. The company is dependent on the shareholders for financial support. As at 31 January 2024 the shareholders have confirmed that they will provide adequate finance to enable the company to continue in operational existence. Therefore, the directors consider it appropriate to prepare the financial statements on the going concern basis.

 
2.3

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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

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

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Straight line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

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.

 
2.6

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.


3.


Employees

2024
2023
£
£

Wages and salaries
6,500
8,500

6,500
8,500


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

Page 4

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

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 February 2023
2,294



At 31 January 2024

2,294



Depreciation


At 1 February 2023
463


Charge for the year on owned assets
573



At 31 January 2024

1,036



Net book value



At 31 January 2024
1,258



At 31 January 2023
1,830


5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
18,664
9,249

18,664
9,249



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
33,981
23,061

Accruals and deferred income
2,000
3,900

35,981
26,961


Page 5

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

7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares shares of £1.00 each
2
2


 
Page 6