Registered number: 14698456 | ||||||||
FOR THE 397 DAY PERIOD ENDED 31 MARCH 2024 | ||||||||
Prepared By: | ||||||||
Lever Bros & Co | ||||||||
Chartered Accountants | ||||||||
First Floor, 690 Great West Road | ||||||||
Osterley Village | ||||||||
Isleworth | ||||||||
TW7 4PU |
House of Frankincense Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE 397 DAY PERIOD ENDED 31 MARCH 2024 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 14698456 | ||||||||
ACCOUNTANTS | ||||||||
Lever Bros & Co | ||||||||
Chartered Accountants | ||||||||
First Floor, 690 Great West Road | ||||||||
Osterley Village | ||||||||
Isleworth | ||||||||
TW7 4PU |
House of Frankincense Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE397 DAY PERIODENDED31 MARCH 2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
House of Frankincense Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | ||||||||||
Notes | £ | |||||||||
CURRENT ASSETS | 5 | |||||||||
Stock | 6 | |||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
11,562 | ||||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT LIABILITIES | ( | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ( | |||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 6 | |||||||||
Profit and loss account | (1,258) | |||||||||
SHAREHOLDERS' FUNDS | ( | |||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
House of Frankincense Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE 397 DAY PERIOD ENDED 31 MARCH 2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. |
1b. Going Concern | ||||||||
At the balance sheet date, the company had net liabilities of £1,158. Included in creditors was £3,900 owed to the director. With the continued support of the other creditors, the director believes the company to be a going concern. |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Statutory Information | ||||||||
House of Frankincense Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 14698456 and registered office address is First Floor, 690 Great West Road, Osterley Village, Isleworth, Middlesex, United Kingdom, TW7 4PU. |
1e. Financial Instruments | ||||||||
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments. |
2. EMPLOYEES | ||||||
2024 | ||||||
No. | No. | |||||
Average number of employees | ||||||
House of Frankincense Limited | ||||||||
3. STOCK | 2024 | |||
£ | ||||
Stock comprises: | ||||
Stock | ||||
4. DEBTORS | 2024 | |||||||
£ | ||||||||
Amounts falling due within one year | ||||||||
Trade debtors | 1,645 | |||||||
1,645 | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | ||||||||
£ | ||||||||
Directors current account | 3,900 | |||||||
Other creditors | 8,280 | |||||||
Accruals | 540 | |||||||
12,720 | ||||||||
6. SHARE CAPITAL | 2024 | |||||||
£ | ||||||||
Allotted, issued and fully paid: | ||||||||
100 | ||||||||
100 | ||||||||
New shares issued during period: | ||||||||
100 | 100 | |||||||
100 | ||||||||