Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30No description of principal activity2023-05-01false1010truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01351314 2023-05-01 2024-04-30 01351314 2022-05-01 2023-04-30 01351314 2024-04-30 01351314 2023-04-30 01351314 c:Director1 2023-05-01 2024-04-30 01351314 d:Buildings d:LongLeaseholdAssets 2023-05-01 2024-04-30 01351314 d:Buildings d:LongLeaseholdAssets 2024-04-30 01351314 d:Buildings d:LongLeaseholdAssets 2023-04-30 01351314 d:PlantMachinery 2023-05-01 2024-04-30 01351314 d:PlantMachinery 2024-04-30 01351314 d:PlantMachinery 2023-04-30 01351314 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01351314 d:MotorVehicles 2023-05-01 2024-04-30 01351314 d:MotorVehicles 2024-04-30 01351314 d:MotorVehicles 2023-04-30 01351314 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01351314 d:FurnitureFittings 2023-05-01 2024-04-30 01351314 d:FurnitureFittings 2024-04-30 01351314 d:FurnitureFittings 2023-04-30 01351314 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01351314 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 01351314 d:CurrentFinancialInstruments 2024-04-30 01351314 d:CurrentFinancialInstruments 2023-04-30 01351314 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 01351314 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 01351314 d:ShareCapital 2024-04-30 01351314 d:ShareCapital 2023-04-30 01351314 d:RetainedEarningsAccumulatedLosses 2024-04-30 01351314 d:RetainedEarningsAccumulatedLosses 2023-04-30 01351314 c:OrdinaryShareClass1 2023-05-01 2024-04-30 01351314 c:OrdinaryShareClass1 2024-04-30 01351314 c:FRS102 2023-05-01 2024-04-30 01351314 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 01351314 c:FullAccounts 2023-05-01 2024-04-30 01351314 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 01351314 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01351314









FRIARNOLL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
FRIARNOLL LIMITED
REGISTERED NUMBER: 01351314

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
33,429
42,384

  
33,429
42,384

Current assets
  

Stocks
 5 
6,250
6,250

Debtors: amounts falling due within one year
 6 
94,593
102,584

Cash at bank and in hand
 7 
180,909
147,726

  
281,752
256,560

Creditors: amounts falling due within one year
 8 
(131,600)
(136,489)

Net current assets
  
 
 
150,152
 
 
120,071

Total assets less current liabilities
  
183,581
162,455

Provisions for liabilities
  

Deferred tax
  
(7,897)
(10,152)

  
 
 
(7,897)
 
 
(10,152)

Net assets
  
175,684
152,303


Capital and reserves
  

Called up share capital 
 9 
99
99

Profit and loss account
  
175,585
152,204

  
175,684
152,303


Page 1

 
FRIARNOLL LIMITED
REGISTERED NUMBER: 01351314
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 2 December 2024.




G J Dormer
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
FRIARNOLL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Friarnoll Limited is a private Company limited by shares and incorporated in England (registration number 01351314). Its registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom W1W 6XH.
The principal activity of the Company continued to be that of metal finishers. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
FRIARNOLL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
Straight line over the life of the lease
Plant and machinery
-
10% Straight line
Motor vehicles
-
25% Straight line
Fixtures and fittings
-
33% Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2023 - 10).

Page 4

 
FRIARNOLL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 May 2023
55,518
53,859
53,616
31,285
194,278



At 30 April 2024

55,518
53,859
53,616
31,285
194,278



Depreciation


At 1 May 2023
55,518
15,558
49,533
31,285
151,894


Charge for the year on owned assets
-
4,872
4,083
-
8,955



At 30 April 2024

55,518
20,430
53,616
31,285
160,849



Net book value



At 30 April 2024
-
33,429
-
-
33,429



At 30 April 2023
-
38,301
4,083
-
42,384


5.


Stocks

2024
2023
£
£

Raw materials and consumables
6,250
6,250

6,250
6,250


Page 5

 
FRIARNOLL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Debtors

2024
2023
£
£


Trade debtors
62,574
74,771

Amounts owed by group undertakings
939
939

Other debtors
494
179

Prepayments and accrued income
30,586
26,695

94,593
102,584



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
180,909
147,726

180,909
147,726



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
30,394
42,067

Corporation tax
19,763
20,259

Other taxation and social security
18,621
18,721

Other creditors
36,540
34,575

Accruals and deferred income
26,282
20,867

131,600
136,489



9.


Share capital

2024
2023
£
£
Shares classified as equity

Allotted, called up and fully paid



99 Ordinary shares of £1 each
99
99

 
Page 6