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REGISTERED NUMBER: 04605924 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

FRENCHMOOR GARDEN BUILDINGS LIMITED

FRENCHMOOR GARDEN BUILDINGS LIMITED (REGISTERED NUMBE

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FRENCHMOOR GARDEN BUILDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: J D Cyphus





REGISTERED OFFICE: Frenchmoor Sawmills
Frenchmoor
West Tytherley
Salisbury
SP5 1NU





REGISTERED NUMBER: 04605924 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

FRENCHMOOR GARDEN BUILDINGS LIMITED (REGISTERED NUMBE

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,680 2,240
Tangible assets 5 4,157 5,309
5,837 7,549

CURRENT ASSETS
Stocks 50,350 61,925
Debtors 6 73 70
Cash at bank 7,486 -
57,909 61,995
CREDITORS
Amounts falling due within one year 7 134,249 106,914
NET CURRENT LIABILITIES (76,340 ) (44,919 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(70,503

)

(37,370

)

CREDITORS
Amounts falling due after more than one
year

8

7,833

12,892
NET LIABILITIES (78,336 ) (50,262 )

FRENCHMOOR GARDEN BUILDINGS LIMITED (REGISTERED NUMBE

BALANCE SHEET - continued
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (78,436 ) (50,362 )
SHAREHOLDERS' FUNDS (78,336 ) (50,262 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 24 September 2024 and were signed by:





J D Cyphus - Director


FRENCHMOOR GARDEN BUILDINGS LIMITED (REGISTERED NUMBE

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Frenchmoor Garden Buildings 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.

Despite the company's liabilities exceeding its assets the accounts have been prepared on a going concern basis because the directors have indicated that they will continue to support the company if necessary.

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 and accumulated amortisation and any accumulated impairment losses.

Websites are being amortised evenly over their estimated useful life of 5 years.

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
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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 balance sheet date.


FRENCHMOOR GARDEN BUILDINGS LIMITED (REGISTERED NUMBE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued
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.

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 5 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 January 2023
and 31 December 2023 2,800
AMORTISATION
At 1 January 2023 560
Amortisation for year 560
At 31 December 2023 1,120
NET BOOK VALUE
At 31 December 2023 1,680
At 31 December 2022 2,240

FRENCHMOOR GARDEN BUILDINGS LIMITED (REGISTERED NUMBE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 21,408 13,900 2,166 37,474
Additions - - 381 381
At 31 December 2023 21,408 13,900 2,547 37,855
DEPRECIATION
At 1 January 2023 17,102 13,135 1,928 32,165
Charge for year 1,077 191 265 1,533
At 31 December 2023 18,179 13,326 2,193 33,698
NET BOOK VALUE
At 31 December 2023 3,229 574 354 4,157
At 31 December 2022 4,306 765 238 5,309

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 73 70

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,059 5,804
Trade creditors 5,815 16,835
Taxation and social security 66,712 49,615
Other creditors 56,663 34,660
134,249 106,914

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 7,833 12,892

FRENCHMOOR GARDEN BUILDINGS LIMITED (REGISTERED NUMBE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


9. RELATED PARTY DISCLOSURES

TRANSACTIONS WITH THE DIRECTORS

Non interest bearing loan on which no terms of repayment have been agreed. The amount due to the directors at the balance sheet date amounted to £23,020 (202 - £12,642).