Company Registration No. 10242023 (England and Wales)
Frosteewhite Limited
Unaudited accounts
for the period from 1 April 2023 to 28 March 2024
Frosteewhite Limited
Unaudited accounts
Contents
Frosteewhite Limited
Company Information
for the period from 1 April 2023 to 28 March 2024
Directors
Ms Samantha Burridge
Mr. Anthony Hamilton
Secretary
Ms Samantha Burridge
Company Number
10242023 (England and Wales)
Registered Office
4 Baird Road
Enfield
Middlesex
EN1 1SJ
England
Accountants
Stoke Newington Accountants & Tax Consultants Ltd
4 Baird Road
Enfield
London
EN1 1SJ
Frosteewhite Limited
Statement of financial position
as at 28 March 2024
Tangible assets
13,603
11,596
Cash at bank and in hand
34,122
5,748
Creditors: amounts falling due within one year
(23,075)
(11,186)
Net current assets
24,247
4,252
Total assets less current liabilities
37,850
15,848
Creditors: amounts falling due after more than one year
(43,457)
(7,534)
Net (liabilities)/assets
(5,607)
8,314
Called up share capital
100
100
Profit and loss account
(5,707)
8,214
Shareholders' funds
(5,607)
8,314
For the period ending 28 March 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 13 November 2024 and were signed on its behalf by
Ms Samantha Burridge
Director
Company Registration No. 10242023
Frosteewhite Limited
Notes to the Accounts
for the period from 1 April 2023 to 28 March 2024
Frosteewhite Limited is a private company, limited by shares, registered in England and Wales, registration number 10242023. The registered office is 4 Baird Road, Enfield, Middlesex, EN1 1SJ, England.
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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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Plant & machinery
15% Reducing Bal Method
Fixtures & fittings
15% Reducing Bal Method
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.
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
Frosteewhite Limited
Notes to the Accounts
for the period from 1 April 2023 to 28 March 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2023
13,902
10,350
24,252
At 28 March 2024
13,902
14,757
28,659
At 1 April 2023
9,784
2,872
12,656
Charge for the period
1,739
661
2,400
At 28 March 2024
11,523
3,533
15,056
At 28 March 2024
2,379
11,224
13,603
At 31 March 2023
4,118
7,478
11,596
Amounts falling due within one year
Amounts due from group undertakings etc.
5,250
-
Frosteewhite Limited
Notes to the Accounts
for the period from 1 April 2023 to 28 March 2024
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
7,863
3,299
Taxes and social security
2,483
2,772
Other creditors
2,856
2,858
Loans from directors
8,673
2,257
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Creditors: amounts falling due after more than one year
2024
2023
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Transactions with related parties
At the balance sheet date, where the director Ms Samantha Burridge held controlling interests, the company was owed by Numi Beauty Ltd £5,250.
At the balance sheet date, where the directors held controlling interest, the company owed the directors £8,673.
The company's ultimate controlling party is Ms Samantha Burridge by virtue of her ownership of 100% of the issued share capital in the company.
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Average number of employees
During the period the average number of employees was 2 (2023: 2).