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REGISTERED NUMBER: 00686776 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

FRANK ENGLAND & CO. LIMITED

FRANK ENGLAND & CO. LIMITED (REGISTERED NUMBER: 00686776)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


FRANK ENGLAND & CO. LIMITED (REGISTERED NUMBER: 00686776)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,864 61,537

CURRENT ASSETS
Stocks 367,368 336,165
Debtors 5 193,268 152,694
Cash at bank and in hand 27,168 109,929
587,804 598,788
CREDITORS
Amounts falling due within one year 6 226,947 217,780
NET CURRENT ASSETS 360,857 381,008
TOTAL ASSETS LESS CURRENT
LIABILITIES

419,721

442,545

CREDITORS
Amounts falling due after more than one year 7 (20,325 ) (72,451 )

PROVISIONS FOR LIABILITIES (14,716 ) -
NET ASSETS 384,680 370,094

CAPITAL AND RESERVES
Called up share capital 200,000 200,000
Retained earnings 184,680 170,094
384,680 370,094

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

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

FRANK ENGLAND & CO. LIMITED (REGISTERED NUMBER: 00686776)

Balance Sheet - continued
31 March 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 23 October 2024 and were signed by:





Mrs J Byravan - Director


FRANK ENGLAND & CO. LIMITED (REGISTERED NUMBER: 00686776)

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

1. STATUTORY INFORMATION

Frank England & Co. Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00686776

Registered office: 2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

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
Tangible assets are depreciated at the following rates over the expected useful life.

Plant and machinery = 15%

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.

FRANK ENGLAND & CO. LIMITED (REGISTERED NUMBER: 00686776)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 89,488
Additions 8,705
At 31 March 2024 98,193
DEPRECIATION
At 1 April 2023 27,951
Charge for year 11,378
At 31 March 2024 39,329
NET BOOK VALUE
At 31 March 2024 58,864
At 31 March 2023 61,537

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 154,144 151,097
Other debtors 39,124 1,597
193,268 152,694

FRANK ENGLAND & CO. LIMITED (REGISTERED NUMBER: 00686776)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 28,624 31
Trade creditors 158,720 150,547
Taxation and social security 24,603 66,097
Other creditors 15,000 1,105
226,947 217,780

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 20,325 72,451

Amounts falling due in more than five years:

Repayable by instalments
Loans 20,325 72,451

8. RELATED PARTY DISCLOSURES

Current assets include the amount of £25,907 (nil in 2023) due from the holding company Frank England (Holdings) Ltd. There are no terms attached to the related party transactions.