IRIS Accounts Production v24.2.0.383 09277274 director director 1.11.22 31.10.23 31.10.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh092772742022-10-31092772742023-10-31092772742022-11-012023-10-31092772742021-10-31092772742021-11-012022-10-31092772742022-10-3109277274ns15:EnglandWales2022-11-012023-10-3109277274ns14:PoundSterling2022-11-012023-10-3109277274ns10:Director12022-11-012023-10-3109277274ns10:Director22022-11-012023-10-3109277274ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3109277274ns10:SmallEntities2022-11-012023-10-3109277274ns10:AuditExemptWithAccountantsReport2022-11-012023-10-3109277274ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3109277274ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3109277274ns10:FullAccounts2022-11-012023-10-3109277274ns10:OrdinaryShareClass12022-11-012023-10-3109277274ns10:RegisteredOffice2022-11-012023-10-3109277274ns5:CurrentFinancialInstruments2023-10-3109277274ns5:CurrentFinancialInstruments2022-10-3109277274ns5:Non-currentFinancialInstruments2023-10-3109277274ns5:Non-currentFinancialInstruments2022-10-3109277274ns5:ShareCapital2023-10-3109277274ns5:ShareCapital2022-10-3109277274ns5:RetainedEarningsAccumulatedLosses2023-10-3109277274ns5:RetainedEarningsAccumulatedLosses2022-10-3109277274ns5:PlantMachinery2022-11-012023-10-3109277274ns5:FurnitureFittings2022-11-012023-10-3109277274ns5:MotorVehicles2022-11-012023-10-3109277274ns5:ComputerEquipment2022-11-012023-10-3109277274ns5:LandBuildings2022-10-3109277274ns5:PlantMachinery2022-10-3109277274ns5:LandBuildings2022-11-012023-10-3109277274ns5:LandBuildings2023-10-3109277274ns5:PlantMachinery2023-10-3109277274ns5:LandBuildings2022-10-3109277274ns5:PlantMachinery2022-10-3109277274ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3109277274ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3109277274ns5:DeferredTaxation2022-10-3109277274ns5:DeferredTaxation2022-11-012023-10-3109277274ns5:DeferredTaxation2023-10-3109277274ns10:OrdinaryShareClass12023-10-3109277274ns5:RetainedEarningsAccumulatedLosses2022-10-3109277274ns5:RetainedEarningsAccumulatedLosses2022-11-012023-10-31092772741ns10:Director12022-10-31092772741ns10:Director12021-10-31092772741ns10:Director12022-11-012023-10-31092772741ns10:Director12021-11-012022-10-31092772741ns10:Director12023-10-31092772741ns10:Director12022-10-31
REGISTERED NUMBER: 09277274 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

SUBFRANTIC LTD

SUBFRANTIC LTD (REGISTERED NUMBER: 09277274)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

SUBFRANTIC LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: S J W Davies





REGISTERED OFFICE: Unit 5, Holmshaw Farm
Layhams Road
Bromley
BR2 6AR





REGISTERED NUMBER: 09277274 (England and Wales)





ACCOUNTANTS: MDH
Chartered Certified Accountants
21 Stafford Road
Croydon
Surrey
CR0 4NG

SUBFRANTIC LTD (REGISTERED NUMBER: 09277274)

BALANCE SHEET
31 OCTOBER 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 517,855 774,820

CURRENT ASSETS
Debtors 5 133,652 85,022
Cash at bank 64,336 97,121
197,988 182,143
CREDITORS
Amounts falling due within one year 6 287,608 367,608
NET CURRENT LIABILITIES (89,620 ) (185,465 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

428,235

589,355

CREDITORS
Amounts falling due after more than one
year

7

(636,669

)

(648,696

)

PROVISIONS FOR LIABILITIES 8 (129,463 ) (147,216 )
NET LIABILITIES (337,897 ) (206,557 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 (337,898 ) (206,558 )
SHAREHOLDERS' FUNDS (337,897 ) (206,557 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

SUBFRANTIC LTD (REGISTERED NUMBER: 09277274)

BALANCE SHEET - continued
31 OCTOBER 2023


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 29 October 2024 and were signed by:




S J W Davies - Director



Mrs S C Davies - Director


SUBFRANTIC LTD (REGISTERED NUMBER: 09277274)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Subfrantic Ltd 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 accounts have been prepared on a going concern basis, on the understanding that the director will continue to financially support the company with any ongoing liabilities.

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.
Plant and machinery - 25% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 20% 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 and Other Comprehensive Income, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

SUBFRANTIC LTD (REGISTERED NUMBER: 09277274)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 65,362 1,522,157 1,587,519
Additions - 137,607 137,607
At 31 October 2023 65,362 1,659,764 1,725,126
DEPRECIATION
At 1 November 2022 12,424 800,275 812,699
Charge for year - 394,572 394,572
At 31 October 2023 12,424 1,194,847 1,207,271
NET BOOK VALUE
At 31 October 2023 52,938 464,917 517,855
At 31 October 2022 52,938 721,882 774,820

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade debtors 122,042 47,696
Other debtors 11,610 37,326
133,652 85,022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Bank loans and overdrafts 56,701 41,949
Hire purchase contracts 157,461 179,309
Trade creditors 42,347 106,813
Taxation and social security (2,064 ) 3,870
Other creditors 33,163 35,667
287,608 367,608

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/23 31/10/22
£    £   
Bank loans 33,000 40,364
Hire purchase contracts 105,294 173,950
Other creditors 498,375 434,382
636,669 648,696

8. PROVISIONS FOR LIABILITIES
31/10/23 31/10/22
£    £   
Deferred tax 129,463 147,216

SUBFRANTIC LTD (REGISTERED NUMBER: 09277274)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2022 147,216
Provided during year (17,753 )
Balance at 31 October 2023 129,463

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/10/23 31/10/22
value: £    £   
1 Ordinary 1 1 1

10. RESERVES
Retained
earnings
£   

At 1 November 2022 (206,558 )
Deficit for the year (131,340 )
At 31 October 2023 (337,898 )

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31/10/23 31/10/22
£    £   
S J W Davies
Balance outstanding at start of year (404,384 ) -
Amounts advanced 13,490 45,827
Amounts repaid (77,482 ) (450,211 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (468,376 ) (404,384 )

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SUBFRANTIC LTD

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 Income Statement 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 Subfrantic Ltd for the year ended 31 October 2023 which comprise the Income Statement, Other 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Subfrantic Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Subfrantic Ltd and state those matters that we have agreed to state to the director of Subfrantic Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Subfrantic Ltd 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 loss of Subfrantic Ltd. You consider that Subfrantic Ltd 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 Subfrantic Ltd. 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.






MDH
Chartered Certified Accountants
21 Stafford Road
Croydon
Surrey
CR0 4NG


29 October 2024