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Company Registration No. 01057179 (England and Wales)
D.K.Frampton Limited Unaudited accounts for the year ended 31 July 2024
D.K.Frampton Limited Unaudited accounts Contents
Page
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D.K.Frampton Limited Company Information for the year ended 31 July 2024
Directors
Evelyn Venita Frampton David Saul Frampton
Secretary
Evelyn Venita Frampton
Company Number
01057179 (England and Wales)
Registered Office
Real Fire Heating Centre Telford Way Kettering Northants NN16 8UN
Accountants
PHA Accountants Limited Timsons Business Centre Bath Road Kettering Northamptonshire NN16 8NQ
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D.K.Frampton Limited Accountants' report
Accountants' report to the board of directors of D.K.Frampton Limited on the preparation of the unaudited statutory accounts for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of D.K.Frampton Limited for the year ended 31 July 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of D.K.Frampton Limited, as a body, in accordance with the terms of our engagement letter dated 23 May 2019. Our work has been undertaken solely to prepare for your approval the accounts of D.K.Frampton Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D.K.Frampton Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that D.K.Frampton Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of D.K.Frampton Limited. You consider that D.K.Frampton Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of D.K.Frampton Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
PHA Accountants Limited Timsons Business Centre Bath Road Kettering Northamptonshire NN16 8NQ 22 November 2024
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D.K.Frampton Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
303,600 
310,500 
Current assets
Inventories
7,000 
10,000 
Debtors
782 
728 
Cash at bank and in hand
9,908 
11,843 
17,690 
22,571 
Creditors: amounts falling due within one year
(17,107)
(19,033)
Net current assets
583 
3,538 
Net assets
304,183 
314,038 
Capital and reserves
Called up share capital
14,000 
14,000 
Revaluation reserve
276,712 
276,712 
Profit and loss account
13,471 
23,326 
Shareholders' funds
304,183 
314,038 
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 26 November 2024 and were signed on its behalf by
David Saul Frampton Director Company Registration No. 01057179
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D.K.Frampton Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
D.K.Frampton Limited is a private company, limited by shares, registered in England and Wales, registration number 01057179. The registered office is Real Fire Heating Centre, Telford Way, Kettering, Northants, NN16 8UN.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
50% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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D.K.Frampton Limited Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 August 2023
345,000 
10,350 
15,987 
12,029 
383,366 
At 31 July 2024
345,000 
10,350 
15,987 
12,029 
383,366 
Depreciation
At 1 August 2023
34,500 
10,350 
15,987 
12,029 
72,866 
Charge for the year
6,900 
- 
- 
- 
6,900 
At 31 July 2024
41,400 
10,350 
15,987 
12,029 
79,766 
Net book value
At 31 July 2024
303,600 
- 
- 
- 
303,600 
At 31 July 2023
310,500 
- 
- 
- 
310,500 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
782 
728 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,235 
879 
Trade creditors
12,257 
16,115 
Taxes and social security
714 
987 
Loans from directors
1,740 
- 
Accruals
1,161 
1,052 
17,107 
19,033 
7
Transactions with related parties
During the year, total dividends of £6,000 (2023: £9,528) were paid to the Directors.
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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