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REGISTERED NUMBER: 00718947 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

J. FROGGATT LIMITED

J. FROGGATT LIMITED (REGISTERED NUMBER: 00718947)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


J. FROGGATT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mr J G Froggatt
Mr G Froggatt
Mr J A Froggatt



REGISTERED OFFICE: 123 Wellington Road South
Stockport
Cheshire
SK1 3TH



REGISTERED NUMBER: 00718947 (England and Wales)



ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH



BANKERS: The Royal Bank of Scotland plc
38 Mosley Street
Manchester
M60 2BE

J. FROGGATT LIMITED (REGISTERED NUMBER: 00718947)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 98,199 88,044
Investments 5 200,200 200,200
Investment property 6 2,474,000 2,474,000
2,772,399 2,762,244

CURRENT ASSETS
Debtors 7 215,856 231,057
Cash at bank 54,970 111,344
270,826 342,401
CREDITORS
Amounts falling due within one year 8 186,784 246,152
NET CURRENT ASSETS 84,042 96,249
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,856,441

2,858,493

CREDITORS
Amounts falling due after more than one
year

9

(45,845

)

(30,778

)

PROVISIONS FOR LIABILITIES (17,865 ) (15,672 )
NET ASSETS 2,792,731 2,812,043

CAPITAL AND RESERVES
Called up share capital 10 10,800 10,800
Fair value reserve 880,090 880,090
Retained earnings 1,901,841 1,921,153
SHAREHOLDERS' FUNDS 2,792,731 2,812,043

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

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

J. FROGGATT LIMITED (REGISTERED NUMBER: 00718947)

BALANCE SHEET - continued
31ST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8th November 2024 and were signed on its behalf by:





Mr J G Froggatt - Director


J. FROGGATT LIMITED (REGISTERED NUMBER: 00718947)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

J. Froggatt Limited 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 represents the total amount receivable by the company for goods supplied and services provided, excluding value added tax and trade discounts.

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 etc - 33% on cost, 25% on reducing balance and 20% on reducing balance

An amount equal to the excess of the annual depreciation charge on the revalued assets over the notional cost depreciation charge on those assets is transferred annually from the revaluation reserve to the profit and loss reserve.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

J. FROGGATT LIMITED (REGISTERED NUMBER: 00718947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 147,583
Additions 58,424
Disposals (37,648 )
At 31st March 2024 168,359
DEPRECIATION
At 1st April 2023 59,541
Charge for year 27,084
Eliminated on disposal (16,465 )
At 31st March 2024 70,160
NET BOOK VALUE
At 31st March 2024 98,199
At 31st March 2023 88,042

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st April 2023
and 31st March 2024 430,478
PROVISIONS
At 1st April 2023
and 31st March 2024 230,278
NET BOOK VALUE
At 31st March 2024 200,200
At 31st March 2023 200,200

J. FROGGATT LIMITED (REGISTERED NUMBER: 00718947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023
and 31st March 2024 2,474,000
NET BOOK VALUE
At 31st March 2024 2,474,000
At 31st March 2023 2,474,000

In the director's opinion these valuations have not materially changed.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 53,237 109,758
Other debtors 162,619 121,299
215,856 231,057

At the balance sheet date the company is owed £90,618 by New Century Machinery Limited, a company in which J Froggatt Limited has a 50% shareholding. However this amount has been fully provided for as its recovery is not certain.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,993 9,746
Hire purchase contracts 2,333 -
Trade creditors - 2
Taxation and social security 28,743 85,693
Other creditors 145,715 150,711
186,784 246,152

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 20,868 30,778
Hire purchase contracts 24,977 -
45,845 30,778

J. FROGGATT LIMITED (REGISTERED NUMBER: 00718947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,400 'A' Ordinary shares £1 5,500 5,500
2,650 'B' Ordinary shares £1 2,650 2,650
2,650 'C' Ordinary shares £1 2,650 2,650
10,800 10,800