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REGISTERED NUMBER: 06472341 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

AW FRAMPTON & SON LIMITED

AW FRAMPTON & SON LIMITED (REGISTERED NUMBER: 06472341)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AW FRAMPTON & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mrs F M M Frampton
M O Frampton
Mrs A J Frampton





SECRETARY: Mrs F M M Frampton





REGISTERED OFFICE: 18 High West Street
Dorchester
Dorset
DT1 1UW





REGISTERED NUMBER: 06472341 (England and Wales)





ACCOUNTANTS: Pugsley Revill
18 High West Street
Dorchester
Dorset
DT1 1UW

AW FRAMPTON & SON LIMITED (REGISTERED NUMBER: 06472341)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 329,783 349,584
Tangible assets 5 5,086,499 4,829,008
5,416,282 5,178,592

CURRENT ASSETS
Stocks 397,108 371,940
Debtors 6 405,654 419,627
Cash at bank - 9,813
802,762 801,380
CREDITORS
Amounts falling due within one year 7 697,572 524,952
NET CURRENT ASSETS 105,190 276,428
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,521,472

5,455,020

CREDITORS
Amounts falling due after more than one
year

8

(3,210,559

)

(3,365,556

)

PROVISIONS FOR LIABILITIES 10 (412,348 ) (371,595 )
NET ASSETS 1,898,565 1,717,869

CAPITAL AND RESERVES
Called up share capital 11 340 340
Retained earnings 1,898,225 1,717,529
SHAREHOLDERS' FUNDS 1,898,565 1,717,869

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

AW FRAMPTON & SON LIMITED (REGISTERED NUMBER: 06472341)

BALANCE SHEET - continued
30 APRIL 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:




Mrs F M M Frampton - Director M O Frampton - Director




Mrs A J Frampton - Director


AW FRAMPTON & SON LIMITED (REGISTERED NUMBER: 06472341)

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

1. STATUTORY INFORMATION

AW Frampton & Son 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Leasehold property are being amortised evenly over their estimated useful life of twenty seven years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Bulk milk tank - 15% on reducing balance
Drainage,fencing, barn and campsite costs - 15% on reducing balance
New dairy & freehold property - not provided
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Tractors and vehicles - 25% on reducing balance
Computer and office equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


AW FRAMPTON & SON LIMITED (REGISTERED NUMBER: 06472341)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 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 balance sheet 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Leasehold
Goodwill property Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 22,500 504,262 526,762
AMORTISATION
At 1 May 2023 16,875 160,303 177,178
Amortisation for year 1,125 18,676 19,801
At 30 April 2024 18,000 178,979 196,979
NET BOOK VALUE
At 30 April 2024 4,500 325,283 329,783
At 30 April 2023 5,625 343,959 349,584

AW FRAMPTON & SON LIMITED (REGISTERED NUMBER: 06472341)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Drainage,fencing,
barn and New dairy
Dairy Bulk milk campsite & freehold
herd tank costs property
£    £    £    £   
COST
At 1 May 2023 496,580 43,623 149,732 3,343,100
Additions 46,800 - (3,675 ) -
Disposals - - - -
At 30 April 2024 543,380 43,623 146,057 3,343,100
DEPRECIATION
At 1 May 2023 - 33,204 64,001 -
Charge for year - 1,563 12,309 -
Eliminated on disposal - - - -
At 30 April 2024 - 34,767 76,310 -
NET BOOK VALUE
At 30 April 2024 543,380 8,856 69,747 3,343,100
At 30 April 2023 496,580 10,419 85,731 3,343,100

Computer
Fixtures Tractors and
Plant and and and office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 1,091,861 2,156 509,309 4,163 5,640,524
Additions 240,526 - 277,835 4,971 566,457
Disposals - - (94,000 ) - (94,000 )
At 30 April 2024 1,332,387 2,156 693,144 9,134 6,112,981
DEPRECIATION
At 1 May 2023 566,335 2,068 142,748 3,160 811,516
Charge for year 114,909 13 94,470 1,494 224,758
Eliminated on disposal - - (9,792 ) - (9,792 )
At 30 April 2024 681,244 2,081 227,426 4,654 1,026,482
NET BOOK VALUE
At 30 April 2024 651,143 75 465,718 4,480 5,086,499
At 30 April 2023 525,526 88 366,561 1,003 4,829,008

AW FRAMPTON & SON LIMITED (REGISTERED NUMBER: 06472341)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Tractors
Plant and and
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023 265,744 488,609 754,353
Additions - 77,882 77,882
Transfer to ownership (79,500 ) (94,000 ) (173,500 )
At 30 April 2024 186,244 472,491 658,735
DEPRECIATION
At 1 May 2023 65,200 139,775 204,975
Charge for year 22,714 71,726 94,440
Transfer to ownership (30,377 ) (9,792 ) (40,169 )
At 30 April 2024 57,537 201,709 259,246
NET BOOK VALUE
At 30 April 2024 128,707 270,782 399,489
At 30 April 2023 200,544 348,834 549,378

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 328,601 357,024
VAT 67,703 58,618
Prepayments and accrued income 9,350 3,985
405,654 419,627

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 123,960 10,000
Hire purchase contracts 104,758 171,392
Trade creditors 442,531 322,721
Social security and other taxes 14,745 10,995
Other creditors 1,858 4,555
Directors' loan accounts 5,370 469
Accruals 4,350 4,820
697,572 524,952

AW FRAMPTON & SON LIMITED (REGISTERED NUMBER: 06472341)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 3,279 12,894
Bank loans more 5 yr by instal 3,137,472 3,216,134
Hire purchase contracts 59,808 126,528
3,210,559 3,365,556

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,137,472 3,216,134

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 113,960 -
Bank loans 3,160,751 3,249,028
Hire purchase contracts 164,566 297,920
3,439,277 3,546,948

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 412,348 371,595

Deferred
tax
£   
Balance at 1 May 2023 371,595
Charge to Statement of Income and Retained Earnings during year 40,753
Balance at 30 April 2024 412,348

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
300 Ordinary £1 300 300
20 'A' Ordinary £1 20 20
20 'B' Ordinary £1 20 20
340 340