IRIS Accounts Production v24.3.2.46 02469321 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh024693212023-03-31024693212024-03-31024693212023-04-012024-03-31024693212022-03-31024693212022-04-012023-03-31024693212023-03-3102469321ns15:EnglandWales2023-04-012024-03-3102469321ns14:PoundSterling2023-04-012024-03-3102469321ns10:Director12023-04-012024-03-3102469321ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3102469321ns10:SmallEntities2023-04-012024-03-3102469321ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3102469321ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3102469321ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3102469321ns10:FullAccounts2023-04-012024-03-3102469321ns10:CompanySecretary12023-04-012024-03-3102469321ns10:RegisteredOffice2023-04-012024-03-3102469321ns5:CurrentFinancialInstruments2024-03-3102469321ns5:CurrentFinancialInstruments2023-03-3102469321ns5:ShareCapital2024-03-3102469321ns5:ShareCapital2023-03-3102469321ns5:RetainedEarningsAccumulatedLosses2024-03-3102469321ns5:RetainedEarningsAccumulatedLosses2023-03-3102469321ns5:LandBuildings2023-03-3102469321ns5:PlantMachinery2023-03-3102469321ns5:ComputerEquipment2023-03-3102469321ns5:LandBuildings2023-04-012024-03-3102469321ns5:PlantMachinery2023-04-012024-03-3102469321ns5:ComputerEquipment2023-04-012024-03-3102469321ns5:LandBuildings2024-03-3102469321ns5:PlantMachinery2024-03-3102469321ns5:ComputerEquipment2024-03-3102469321ns5:LandBuildings2023-03-3102469321ns5:PlantMachinery2023-03-3102469321ns5:ComputerEquipment2023-03-3102469321ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3102469321ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: 02469321 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Frankland Engineering Limited

Frankland Engineering Limited (Registered number: 02469321)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Frankland Engineering Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: D Frankland





SECRETARY: D Frankland





REGISTERED OFFICE: Boston House
Henley-on-Thames
RG9 1DY





REGISTERED NUMBER: 02469321 (England and Wales)





ACCOUNTANTS: Villars Hayward LLP
Chartered Accountants
Chartered Tax Advisers and Registered Auditors
Boston House
Henley-On-Thames
RG9 1DY

Frankland Engineering Limited (Registered number: 02469321)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,157 504

CURRENT ASSETS
Stocks - 512
Debtors 5 10,433 11,805
Cash at bank 30,984 23,484
41,417 35,801
CREDITORS
Amounts falling due within one year 6 44,481 44,495
NET CURRENT LIABILITIES (3,064 ) (8,694 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,907 ) (8,190 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (2,007 ) (8,290 )
SHAREHOLDERS' FUNDS (1,907 ) (8,190 )

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 27 December 2024 and were signed by:





D Frankland - Director


Frankland Engineering Limited (Registered number: 02469321)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Frankland Engineering Limited is a private company, limited by shares incorporated in England and Wales and has its registered office at Boston House, Boston Road, Henley on Thames, RG9 1DY.

The principal activity of the company was that of engineering service consultants.

The financial statements are presented in Sterling (£), which is also the functional currency of the company.

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
Revenue (described as Turnover) is the amount receivable for services rendered, net of returns, discounts and value added tax. Revenue is measured at the fair value of consideration received or receivable and is recognised at the point the service is delivered.

Tangible fixed assets
Tangible fixed assets held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives as below:

Land and buildings- 10% Reducing balance
Plant and machinery- 25% Reducing balance
Computer equipment- 25% Reducing balance

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss, if any.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Financial assets and liabilities
Trade and other debtors are initially recognised at transaction price and are subsequently remeasured to amortised cost using the effective interest method, less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within current liabilities.

Trade and other creditors are initially recognised at transaction price and are subsequently remeasured to amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Frankland Engineering Limited (Registered number: 02469321)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Going concern
The director is aware of the current financial position of the entity, however sees no material uncertainties that may cast significant doubt on the ability of the company to continue trading, therefore he has adopted the going concern basis of accounting.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 April 2023 1,000 2,127 14,890 18,017
Additions - - 817 817
At 31 March 2024 1,000 2,127 15,707 18,834
DEPRECIATION
At 1 April 2023 1,000 1,967 14,546 17,513
Charge for year - 40 124 164
At 31 March 2024 1,000 2,007 14,670 17,677
NET BOOK VALUE
At 31 March 2024 - 120 1,037 1,157
At 31 March 2023 - 160 344 504

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 10,433 11,106
Other debtors - 699
10,433 11,805

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 2,540 3,648
Other creditors 41,941 40,847
44,481 44,495

7. ULTIMATE CONTROLLING PARTY

During the current and previous years, the company was controlled by Mr D Frankland due to his 100% shareholding in the company.

8. GOING CONCERN

The balance sheet reports a net liability position. The company is reliant on the director to provide sufficient working capital for the company to keep operating. The director has confirmed financial support will be provided as necessary to meet the company's obligations as they fall due for payment. The director is therefore satisfied the company will continue as a going concern.