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Company Registration No. 08631572 (England and Wales)
F.R.A.O. Limited Unaudited accounts for the year ended 31 July 2024
F.R.A.O. Limited Unaudited accounts Contents
Page
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F.R.A.O. Limited Company Information for the year ended 31 July 2024
Directors
Dr K Olagoke Mrs B M Olagoke
Secretary
Dr K Olagoke
Company Number
08631572 (England and Wales)
Registered Office
2 Ladypool Close Halesowen Birmingham West Midlands B62 8SY United Kingdom
Accountants
OAF Associates Limited 20 Bill Thomas Way Rowley Regis Birmingham West Midlands B65 9AB
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F.R.A.O. Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
486 
899 
Investments
18,000 
18,000 
18,486 
18,899 
Current assets
Debtors
525 
6,215 
Cash at bank and in hand
5,040 
534 
5,565 
6,749 
Creditors: amounts falling due within one year
(9,205)
(12,853)
Net current liabilities
(3,640)
(6,104)
Total assets less current liabilities
14,846 
12,795 
Creditors: amounts falling due after more than one year
(7,800)
(11,118)
Net assets
7,046 
1,677 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
6,946 
1,577 
Shareholders' funds
7,046 
1,677 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2024 and were signed on its behalf by
Dr K Olagoke Director Company Registration No. 08631572
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F.R.A.O. Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
F.R.A.O. Limited is a private company, limited by shares, registered in England and Wales, registration number 08631572. The registered office is 2 Ladypool Close, Halesowen, Birmingham, West Midlands, B62 8SY, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33%
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2023
3,387 
At 31 July 2024
3,387 
Depreciation
At 1 August 2023
2,488 
Charge for the year
413 
At 31 July 2024
2,901 
Net book value
At 31 July 2024
486 
At 31 July 2023
899 
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F.R.A.O. Limited Notes to the Accounts for the year ended 31 July 2024
5
Investments
Other investments 
£ 
Valuation at 1 August 2023
18,000 
Valuation at 31 July 2024
18,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
525 
6,215 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
9,205 
12,853 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,800 
11,118 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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