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REGISTERED NUMBER: 07999790 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Frymaster Ltd

Frymaster Ltd (Registered number: 07999790)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Frymaster Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr R Pearce
Mrs N J Pearce





REGISTERED OFFICE: 653 Attercliffe Road
Sheffield
South Yorkshire
S9 3RE





REGISTERED NUMBER: 07999790 (England and Wales)





ACCOUNTANTS: Lishmans LLP
16-18 Station Road
Chapeltown
Sheffield
South Yorkshire
S35 2XH

Frymaster Ltd (Registered number: 07999790)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 10,295 12,112
10,295 12,112

CURRENT ASSETS
Stocks 1,103 1,012
Debtors 6 908 19,396
Cash at bank and in hand 126,381 45,643
128,392 66,051
CREDITORS
Amounts falling due within one year 7 59,426 30,920
NET CURRENT ASSETS 68,966 35,131
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,261

47,243

PROVISIONS FOR LIABILITIES 8 1,956 2,301
NET ASSETS 77,305 44,942

Frymaster Ltd (Registered number: 07999790)

Balance Sheet - continued
31 March 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 77,205 44,842
SHAREHOLDERS' FUNDS 77,305 44,942

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 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.

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 Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





Mr R Pearce - Director


Frymaster Ltd (Registered number: 07999790)

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

1. STATUTORY INFORMATION

Frymaster Ltd is a private company, limited by shares, domiciled in England and Wales, registration number 07999790. The registered office is 653 Attercliffe Road, Sheffield, South Yorkshire S9 3RE.

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.

These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A "Small Entities". The date of transition is 1 April 2015. The transition to FRS 102 Section 1A "Small Entities" has resulted in no changes to the results.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business is being amortised over its estimated useful life of 7 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 basis

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Frymaster Ltd (Registered number: 07999790)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 50,000
AMORTISATION
At 1 April 2023
and 31 March 2024 50,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Frymaster Ltd (Registered number: 07999790)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 61,850
DEPRECIATION
At 1 April 2023 49,738
Charge for year 1,817
At 31 March 2024 51,555
NET BOOK VALUE
At 31 March 2024 10,295
At 31 March 2023 12,112

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 908 19,396

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,227 8,013
Taxation and social security 32,416 21,661
Other creditors 18,783 1,246
59,426 30,920

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,956 2,301

Frymaster Ltd (Registered number: 07999790)

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

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 2,301
Provided during year (345 )
Balance at 31 March 2024 1,956