Registered number
04781665
E H Frost & Son Ltd
Filleted Accounts
30 June 2024
E H Frost & Son Ltd
Registered number: 04781665
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 9,747 16,467
Current assets
Stocks 750 750
Debtors 5 67 67
Cash at bank and in hand 1,182 10,510
1,999 11,327
Creditors: amounts falling due within one year 6 (6,743) (5,057)
Net current (liabilities)/assets (4,744) 6,270
Total assets less current liabilities 5,003 22,737
Creditors: amounts falling due after more than one year 7 (7,328) (10,715)
Net (liabilities)/assets (2,325) 12,022
Capital and reserves
Called up share capital 182 182
Profit and loss account (2,507) 11,840
Shareholders' funds (2,325) 12,022
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Richard Frost
Director
Approved by the board on 12 November 2024
E H Frost & Son Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2023 30,000
At 30 June 2024 30,000
Amortisation
At 1 July 2023 30,000
At 30 June 2024 30,000
Net book value
At 30 June 2024 -
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 30,090 17,459 47,549
At 30 June 2024 30,090 17,459 47,549
Depreciation
At 1 July 2023 17,373 13,709 31,082
Charge for the year 5,782 938 6,720
At 30 June 2024 23,155 14,647 37,802
Net book value
At 30 June 2024 6,935 2,812 9,747
At 30 June 2023 12,717 3,750 16,467
5 Debtors 2024 2023
£ £
Other debtors 67 67
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,265 -
Trade creditors 227 654
Taxation and social security costs 1,004 1,877
Other creditors 3,247 2,526
6,743 5,057
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 7,328 10,715
8 Other information
E H Frost & Son Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Alva Glen
Oldborough
Morchard Bishop
Devon
EX17 6SQ
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