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REGISTERED NUMBER: 01537240 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

FROSTREE LIMITED

FROSTREE LIMITED (REGISTERED NUMBER: 01537240)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FROSTREE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr N I Snowdon
Mr N D Snowdon





SECRETARY: Mr N D Snowdon





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 01537240 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

FROSTREE LIMITED (REGISTERED NUMBER: 01537240)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 221,941 172,490

CURRENT ASSETS
Stocks 5 229,868 132,046
Debtors 6 1,301,918 1,329,840
Cash at bank and in hand 433,723 141,365
1,965,509 1,603,251
CREDITORS
Amounts falling due within one year 7 (830,166 ) (551,069 )
NET CURRENT ASSETS 1,135,343 1,052,182
TOTAL ASSETS LESS CURRENT LIABILITIES 1,357,284 1,224,672

CREDITORS
Amounts falling due after more than one
year

8

(41,733

)

(71,537

)

PROVISIONS FOR LIABILITIES 10 (55,485 ) (29,348 )
NET ASSETS 1,260,066 1,123,787

CAPITAL AND RESERVES
Called up share capital 11 5,000 5,000
Retained earnings 1,255,066 1,118,787
SHAREHOLDERS' FUNDS 1,260,066 1,123,787

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.

FROSTREE LIMITED (REGISTERED NUMBER: 01537240)

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 13 November 2024 and were signed on its behalf by:





Mr N I Snowdon - Director


FROSTREE LIMITED (REGISTERED NUMBER: 01537240)

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

1. STATUTORY INFORMATION

Frostree 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 net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery- 25% on reducing balance
Fixtures and fittings- 25% on reducing balance
Motor vehicles- 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value. Cost includes a relevant proportion of overheads according to the stage of completion.

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.

FROSTREE LIMITED (REGISTERED NUMBER: 01537240)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 36 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 674,477 206,111 238,913 710 1,120,211
Additions 90,533 - 44,520 - 135,053
Disposals (68,750 ) - (14,617 ) - (83,367 )
At 30 June 2024 696,260 206,111 268,816 710 1,171,897
DEPRECIATION
At 1 July 2023 591,832 203,422 152,156 311 947,721
Charge for year 43,191 673 30,079 100 74,043
Eliminated on disposal (68,154 ) - (3,654 ) - (71,808 )
At 30 June 2024 566,869 204,095 178,581 411 949,956
NET BOOK VALUE
At 30 June 2024 129,391 2,016 90,235 299 221,941
At 30 June 2023 82,645 2,689 86,757 399 172,490

FROSTREE LIMITED (REGISTERED NUMBER: 01537240)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 60,500 114,943 175,443
DEPRECIATION
At 1 July 2023 15,125 47,483 62,608
Charge for year 11,344 13,713 25,057
At 30 June 2024 26,469 61,196 87,665
NET BOOK VALUE
At 30 June 2024 34,031 53,747 87,778
At 30 June 2023 45,375 67,460 112,835

5. STOCKS
30.6.24 30.6.23
£    £   
Work-in-progress 229,868 132,046

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 1,164,127 1,195,082
Other debtors 137,791 134,758
1,301,918 1,329,840

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 29,110 36,040
Trade creditors 678,517 450,373
Taxation and social security 75,146 25,115
Other creditors 47,393 39,541
830,166 551,069

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 41,733 71,537

FROSTREE LIMITED (REGISTERED NUMBER: 01537240)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Hire purchase contracts 70,843 107,577

10. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 55,485 29,348

Deferred
tax
£   
Balance at 1 July 2023 29,348
Provided during year 26,137
Balance at 30 June 2024 55,485

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
5,000 Ordinary £1 5,000 5,000

12. TRANSACTIONS WITH DIRECTORS

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
Mr N I Snowdon and Mr N D Snowdon
Balance outstanding at start of year 68,077 68,077
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 68,077 68,077

13. RELATED PARTY DISCLOSURES

Included in other creditors is the loan amount of £27,860 (2023: £31,416) payable to Snowdon Family Trust of which two of the directors are trustees.