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REGISTERED NUMBER: 08953664 (England and Wales)













ASKFRANK LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






ASKFRANK LIMITED (REGISTERED NUMBER: 08953664)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ASKFRANK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr. F G Morgan





REGISTERED OFFICE: Bsc Unit 6
Hood Road
Docks
Barry
South Glamorgan
CF62 5QN





REGISTERED NUMBER: 08953664 (England and Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

ASKFRANK LIMITED (REGISTERED NUMBER: 08953664)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - 1,090
Tangible assets 5 103,740 103,522
103,740 104,612

CURRENT ASSETS
Stocks 16,000 1,000
Debtors 6 51,554 53,749
Cash at bank and in hand 22,653 79,035
90,207 133,784
CREDITORS
Amounts falling due within one year 7 151,670 159,531
NET CURRENT LIABILITIES (61,463 ) (25,747 )
TOTAL ASSETS LESS CURRENT LIABILITIES 42,277 78,865

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 42,177 78,765
SHAREHOLDERS' FUNDS 42,277 78,865

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 November 2024 and were signed by:





Mr. F G Morgan - Director


ASKFRANK LIMITED (REGISTERED NUMBER: 08953664)

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


1. STATUTORY INFORMATION

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

Goodwill
Goodwill is amortised on a straight line basis over its anticipated useful life of ten years.

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.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

ASKFRANK LIMITED (REGISTERED NUMBER: 08953664)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 April 2023
and 31 March 2024 10,900
AMORTISATION
At 1 April 2023 9,810
Amortisation for year 1,090
At 31 March 2024 10,900
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 1,090

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£ £ £
COST
At 1 April 2023 60,000 30,656 7,114
Additions - - 1,583
At 31 March 2024 60,000 30,656 8,697
DEPRECIATION
At 1 April 2023 - 20,927 5,959
Charge for year - 2,432 684
At 31 March 2024 - 23,359 6,643
NET BOOK VALUE
At 31 March 2024 60,000 7,297 2,054
At 31 March 2023 60,000 9,729 1,155

ASKFRANK LIMITED (REGISTERED NUMBER: 08953664)

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


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 April 2023 44,090 32,064 173,924
Additions 11,200 2,014 14,797
At 31 March 2024 55,290 34,078 188,721
DEPRECIATION
At 1 April 2023 22,732 20,784 70,402
Charge for year 8,140 3,323 14,579
At 31 March 2024 30,872 24,107 84,981
NET BOOK VALUE
At 31 March 2024 24,418 9,971 103,740
At 31 March 2023 21,358 11,280 103,522

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 51,295 53,490
Other debtors 259 259
51,554 53,749

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 82,980 82,019
Trade creditors 27,668 30,432
Taxation and social security 10,587 15,791
Other creditors 30,435 31,289
151,670 159,531

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100