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REGISTERED NUMBER: 03679382 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

RACHEL FROST LIMITED

RACHEL FROST LIMITED (REGISTERED NUMBER: 03679382)

Contents of the Financial Statements
for the year ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RACHEL FROST LIMITED

Company Information
for the year ended 30 June 2024







Director: Ms R L Frost





Registered office: Aissela
46 High Street
Esher
Surrey
KT10 9QY





Registered number: 03679382 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Aissela
46 High Street
Esher
Surrey
KT10 9QY

RACHEL FROST LIMITED (REGISTERED NUMBER: 03679382)

Balance Sheet
30 June 2024

2024 2023
Notes £ £ £ £
Fixed assets
Intangible assets 4 1,209 2,417
Tangible assets 5 4,306 5,553
5,515 7,970

Current assets
Debtors 6 41,880 60,132
Cash at bank 44,701 38,288
86,581 98,420
Creditors
Amounts falling due within one year 7 38,955 40,855
Net current assets 47,626 57,565
Total assets less current liabilities 53,141 65,535

Capital and reserves
Called up share capital 8 1,000 1,000
Retained earnings 9 52,141 64,535
Shareholders' funds 53,141 65,535

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 director acknowledges her 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 November 2024 and were signed by:





Ms R L Frost - Director


RACHEL FROST LIMITED (REGISTERED NUMBER: 03679382)

Notes to the Financial Statements
for the year ended 30 June 2024


1. Statutory information

Rachel Frost 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

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

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.

Computer software is being amortised evenly over its estimated useful life of four years.

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 - 25% on cost
Computer equipment - 25% on cost

RACHEL FROST LIMITED (REGISTERED NUMBER: 03679382)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

RACHEL FROST LIMITED (REGISTERED NUMBER: 03679382)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


4. Intangible fixed assets
Computer
software
£
Cost
At 1 July 2023
and 30 June 2024 4,834
Amortisation
At 1 July 2023 2,417
Amortisation for year 1,208
At 30 June 2024 3,625
Net book value
At 30 June 2024 1,209
At 30 June 2023 2,417

5. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£ £ £
Cost
At 1 July 2023 5,175 6,271 11,446
Additions - 1,855 1,855
At 30 June 2024 5,175 8,126 13,301
Depreciation
At 1 July 2023 2,008 3,885 5,893
Charge for year 1,225 1,877 3,102
At 30 June 2024 3,233 5,762 8,995
Net book value
At 30 June 2024 1,942 2,364 4,306
At 30 June 2023 3,167 2,386 5,553

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 37,857 44,151
Amounts recoverable on contract - 9,778
Other debtors 4,023 6,203
41,880 60,132

7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 2,603 1,157
Taxation and social security 16,332 35,150
Other creditors 20,020 4,548
38,955 40,855

RACHEL FROST LIMITED (REGISTERED NUMBER: 03679382)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1,000 Ordinary £1 1,000 1,000

9. Reserves
Retained
earnings
£

At 1 July 2023 64,535
Profit for the year 25,000
Dividends (37,394 )
At 30 June 2024 52,141