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Logo On Report
Registered Number: 12857309
England and Wales

 

 

 

FRASERS (HELSTON) LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 March 2023

End date: 29 February 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 93,505    114,294 
93,505    114,294 
Current assets      
Stocks 13,350    13,774 
Debtors 7,168    8,592 
Cash at bank and in hand (17,604)   (13,852)
2,914    8,514 
Creditors: amount falling due within one year (166,686)   (169,183)
Net current assets (163,772)   (160,669)
 
Total assets less current liabilities (70,267)   (46,375)
Creditors: amount falling due after more than one year (1,508)   (20,119)
Provisions for liabilities (23,529)  
Net assets (95,304)   (66,494)
 

Capital and reserves
     
Called up share capital 4 100   
Profit and loss account (95,404)   (66,494)
Shareholders' funds (95,304)   (66,494)
 


For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 20 September 2024 and were signed on its behalf by:


-------------------------------
Peter Timothy Fraser
Director
1
General Information
Frasers (Helston) Limited is a private company, limited by shares, registered in England and Wales, registration number 12857309, registration address Chy Ula, 5 Henliston Drive, Helston, TR13 8BW.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 33.33% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 8 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 March 2023 137,771    40,275    7,342    185,388 
Additions 1,739      3,105    4,844 
Disposals      
At 29 February 2024 139,510    40,275    10,447    190,232 
Depreciation
At 01 March 2023 51,882    14,318    4,894    71,094 
Charge for year 17,525    5,159    2,949    25,633 
On disposals      
At 29 February 2024 69,407    19,477    7,843    96,727 
Net book values
Closing balance as at 29 February 2024 70,103    20,798    2,604    93,505 
Opening balance as at 01 March 2023 85,889    25,957    2,448    114,294 


4.

Share Capital

Authorised
100 Class A shares of £1.00 each
Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

2