IRIS Accounts Production v24.3.0.553 05771154 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh057711542023-06-30057711542024-06-30057711542023-07-012024-06-30057711542022-06-30057711542022-07-012023-06-30057711542023-06-3005771154ns15:EnglandWales2023-07-012024-06-3005771154ns14:PoundSterling2023-07-012024-06-3005771154ns10:Director12023-07-012024-06-3005771154ns10:Director22023-07-012024-06-3005771154ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3005771154ns10:SmallEntities2023-07-012024-06-3005771154ns10:AuditExemptWithAccountantsReport2023-07-012024-06-3005771154ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3005771154ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3005771154ns10:FullAccounts2023-07-012024-06-300577115412023-07-012024-06-3005771154ns10:RegisteredOffice2023-07-012024-06-3005771154ns5:CurrentFinancialInstruments2024-06-3005771154ns5:CurrentFinancialInstruments2023-06-3005771154ns5:ShareCapital2024-06-3005771154ns5:ShareCapital2023-06-3005771154ns5:RetainedEarningsAccumulatedLosses2024-06-3005771154ns5:RetainedEarningsAccumulatedLosses2023-06-3005771154ns5:NetGoodwill2023-07-012024-06-3005771154ns5:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3005771154ns5:NetGoodwill2023-06-3005771154ns5:NetGoodwill2024-06-3005771154ns5:NetGoodwill2023-06-3005771154ns5:PlantMachinery2023-06-3005771154ns5:FurnitureFittings2023-06-3005771154ns5:MotorVehicles2023-06-3005771154ns5:ComputerEquipment2023-06-3005771154ns5:PlantMachinery2023-07-012024-06-3005771154ns5:FurnitureFittings2023-07-012024-06-3005771154ns5:MotorVehicles2023-07-012024-06-3005771154ns5:ComputerEquipment2023-07-012024-06-3005771154ns5:PlantMachinery2024-06-3005771154ns5:FurnitureFittings2024-06-3005771154ns5:MotorVehicles2024-06-3005771154ns5:ComputerEquipment2024-06-3005771154ns5:PlantMachinery2023-06-3005771154ns5:FurnitureFittings2023-06-3005771154ns5:MotorVehicles2023-06-3005771154ns5:ComputerEquipment2023-06-3005771154ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3005771154ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: 05771154 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

FRANCIS DIY LTD

FRANCIS DIY LTD (REGISTERED NUMBER: 05771154)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5

Report of the Accountants 8

FRANCIS DIY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr S S Francis
Mrs L J Samways





REGISTERED OFFICE: 584 Wellsway
Bath
Somerset
BA2 2UE





REGISTERED NUMBER: 05771154 (England and Wales)






FRANCIS DIY LTD (REGISTERED NUMBER: 05771154)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 JUNE 2024


The directors present their report with the financial statements of the company for the year ended 30 June 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 July 2023 to the date of this report.

Mr S S Francis
Mrs L J Samways

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr S S Francis - Director


6 November 2024

FRANCIS DIY LTD (REGISTERED NUMBER: 05771154)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 97,500 97,500
Tangible assets 5 11,265 15,022
108,765 112,522

CURRENT ASSETS
Stocks 85,745 145,000
Debtors 6 242 6,432
Cash at bank and in hand 62,569 70,057
148,556 221,489
CREDITORS
Amounts falling due within one year 7 (133,019 ) (188,693 )
NET CURRENT ASSETS 15,537 32,796
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,302

145,318

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 124,300 145,316
124,302 145,318

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

FRANCIS DIY LTD (REGISTERED NUMBER: 05771154)

BALANCE SHEET - continued
30 JUNE 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 Board of Directors and authorised for issue on 6 November 2024 and were signed on its behalf by:





Mrs L J Samways - Director


FRANCIS DIY LTD (REGISTERED NUMBER: 05771154)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

FRANCIS DIY 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 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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.

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.

FRANCIS DIY LTD (REGISTERED NUMBER: 05771154)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 97,500
NET BOOK VALUE
At 30 June 2024 97,500
At 30 June 2023 97,500

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023
and 30 June 2024 9,498 11,990 25,548 3,518 50,554
DEPRECIATION
At 1 July 2023 6,419 10,992 14,770 3,351 35,532
Charge for year 770 250 2,695 42 3,757
At 30 June 2024 7,189 11,242 17,465 3,393 39,289
NET BOOK VALUE
At 30 June 2024 2,309 748 8,083 125 11,265
At 30 June 2023 3,079 998 10,778 167 15,022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 241 6,432
Directors' current accounts 1 -
242 6,432

FRANCIS DIY LTD (REGISTERED NUMBER: 05771154)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,756 10,951
Trade creditors 113,931 72,835
Tax - 7,235
Social security and other taxes 1,827 1,583
VAT 13,445 16,727
Directors' current accounts 60 77,362
Accruals and deferred income - 2,000
133,019 188,693

FRANCIS DIY LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
FRANCIS DIY LTD


The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.








Date: .............................................