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REGISTERED NUMBER: 11397643 (England and Wales)















French Builders Limited

Unaudited Financial Statements for the Year Ended 30 June 2024






French Builders Limited (Registered number: 11397643)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


French Builders Limited

Company Information
for the Year Ended 30 June 2024







Directors: J French
D French
C French





Registered office: The Imps Mill Lane
Bradwell
Great Yarmouth
Norfolk
NR31 8HS





Registered number: 11397643 (England and Wales)





Accountants: Fairhead Bradford
5 Queen Street
Great Yarmouth
Norfolk
NR30 2QP

French Builders Limited (Registered number: 11397643)

Statement of Financial Position
30 June 2024

30/6/24 30/6/23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 74,846 82,463

Current assets
Debtors 5 47,613 41,367
Cash at bank and in hand 207,560 129,318
255,173 170,685
Creditors
Amounts falling due within one year 6 90,114 66,774
Net current assets 165,059 103,911
Total assets less current liabilities 239,905 186,374

Creditors
Amounts falling due after more than one
year

7

(16,564

)

(23,686

)

Provisions for liabilities (17,961 ) (7,444 )
Net assets 205,380 155,244

Capital and reserves
Called up share capital 30 30
Retained earnings 205,350 155,214
205,380 155,244

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

French Builders Limited (Registered number: 11397643)

Statement of Financial Position - continued
30 June 2024


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 Board of Directors and authorised for issue on 7 January 2025 and were signed on its behalf by:




J French - Director D French - Director




C French - Director


French Builders Limited (Registered number: 11397643)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. Statutory information

French Builders 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents sales at invoice value excluding value added tax.

Sales income represents revenue earned under a variety of contracts to provide services. Revenue is recognised as earned when, and to the extent that, the company earns the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to customers, including expenses but excluding value added tax.

Revenue is recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts, the amount of revenue reflects the accrual for the right to consideration by reference to the value of work performed. Revenue not billed to customers is included in trade debtors.

Sales income that is contingent on events outside the control of the company are recognised when the contingent event occurs.

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 - 15% on reducing balance
Motor vehicles - 20% on reducing balance

Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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 statement of financial position date.


French Builders Limited (Registered number: 11397643)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. Employees and directors

The average number of employees during the year was 3 (2023 - 3 ) .

4. Tangible fixed assets
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 July 2023 27,657 91,009 118,666
Additions 12,905 - 12,905
At 30 June 2024 40,562 91,009 131,571
Depreciation
At 1 July 2023 7,360 28,843 36,203
Charge for year 4,980 15,542 20,522
At 30 June 2024 12,340 44,385 56,725
Net book value
At 30 June 2024 28,222 46,624 74,846
At 30 June 2023 20,297 62,166 82,463

5. Debtors: amounts falling due within one year
30/6/24 30/6/23
£    £   
Trade debtors 5,000 4,167
Other debtors 42,613 37,200
47,613 41,367

6. Creditors: amounts falling due within one year
30/6/24 30/6/23
£    £   
Bank loans and overdrafts 7,121 7,121
Trade creditors 17,307 21,694
Taxation and social security 59,001 28,903
Other creditors 6,685 9,056
90,114 66,774

French Builders Limited (Registered number: 11397643)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. Creditors: amounts falling due after more than one year
30/6/24 30/6/23
£    £   
Bank loans 16,564 23,686