IRIS Accounts Production v24.3.2.46 10703802 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh107038022023-04-30107038022024-04-30107038022023-05-012024-04-30107038022022-04-30107038022022-05-012023-04-30107038022023-04-3010703802ns15:EnglandWales2023-05-012024-04-3010703802ns14:PoundSterling2023-05-012024-04-3010703802ns10:Director12023-05-012024-04-3010703802ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3010703802ns10:SmallEntities2023-05-012024-04-3010703802ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3010703802ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3010703802ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3010703802ns10:FullAccounts2023-05-012024-04-3010703802ns10:Director22023-05-012024-04-3010703802ns10:RegisteredOffice2023-05-012024-04-3010703802ns5:CurrentFinancialInstruments2024-04-3010703802ns5:CurrentFinancialInstruments2023-04-3010703802ns5:Non-currentFinancialInstruments2024-04-3010703802ns5:Non-currentFinancialInstruments2023-04-3010703802ns5:ShareCapital2024-04-3010703802ns5:ShareCapital2023-04-3010703802ns5:RetainedEarningsAccumulatedLosses2024-04-3010703802ns5:RetainedEarningsAccumulatedLosses2023-04-3010703802ns5:LeaseholdImprovements2023-05-012024-04-3010703802ns5:PlantMachinery2023-05-012024-04-3010703802ns5:FurnitureFittings2023-05-012024-04-3010703802ns5:MotorVehicles2023-05-012024-04-3010703802ns5:LeaseholdImprovements2023-04-3010703802ns5:PlantMachinery2023-04-3010703802ns5:FurnitureFittings2023-04-3010703802ns5:MotorVehicles2023-04-3010703802ns5:LeaseholdImprovements2024-04-3010703802ns5:PlantMachinery2024-04-3010703802ns5:FurnitureFittings2024-04-3010703802ns5:MotorVehicles2024-04-3010703802ns5:LeaseholdImprovements2023-04-3010703802ns5:PlantMachinery2023-04-3010703802ns5:FurnitureFittings2023-04-3010703802ns5:MotorVehicles2023-04-3010703802ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3010703802ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3010703802ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-04-3010703802ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-04-3010703802ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-04-3010703802ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-04-3010703802ns5:HirePurchaseContracts2024-04-3010703802ns5:HirePurchaseContracts2023-04-3010703802ns5:WithinOneYear2024-04-3010703802ns5:WithinOneYear2023-04-3010703802ns5:BetweenOneFiveYears2024-04-3010703802ns5:BetweenOneFiveYears2023-04-3010703802ns5:AllPeriods2024-04-3010703802ns5:AllPeriods2023-04-30
REGISTERED NUMBER: 10703802 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

FROGMECH LIMITED

FROGMECH LIMITED (REGISTERED NUMBER: 10703802)






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


FROGMECH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Lawrence John Walsh
Georgina Louise Walsh





REGISTERED OFFICE: 2 Oak Way
Selby
North Yorkshire
YO8 8RL





REGISTERED NUMBER: 10703802 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
Lawrence House
James Nicolson Link
Clifton Moor
York
North Yorkshire
YO30 4WG

FROGMECH LIMITED (REGISTERED NUMBER: 10703802)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 3 213,475 133,008

CURRENT ASSETS
Inventories 108,101 44,489
Debtors 4 597,076 164,238
Prepayments and accrued income 11,747 26,462
Cash at bank 290,162 361,698
1,007,086 596,887
CREDITORS
Amounts falling due within one year 5 554,059 279,354
NET CURRENT ASSETS 453,027 317,533
TOTAL ASSETS LESS CURRENT
LIABILITIES

666,502

450,541

CREDITORS
Amounts falling due after more than
one year

6

(41,972

)

(43,870

)

PROVISIONS FOR LIABILITIES (41,176 ) (22,774 )

ACCRUALS AND DEFERRED INCOME (4,103 ) (1,210 )
NET ASSETS 579,251 382,687

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 579,151 382,587
579,251 382,687

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.

FROGMECH LIMITED (REGISTERED NUMBER: 10703802)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





Lawrence John Walsh - Director


FROGMECH LIMITED (REGISTERED NUMBER: 10703802)

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

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

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures, fittings & equipment - 33% on reducing balance
Motor vehicles - 25% on reducing balance

STOCKS
Inventories and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

FROGMECH LIMITED (REGISTERED NUMBER: 10703802)

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

1. ACCOUNTING POLICIES - continued

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

FINANCE COSTS OF DEBT
The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt and charged to the profit and loss account at a constant rate on the outstanding amount.

INCOME RECOGNITION
Income is recognised when services and goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 11 ) .

3. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures,
to Plant and fittings Motor
property machinery & equipment vehicles Totals
£    £    £    £    £   
COST
At 1 May 2023 30,757 46,612 9,855 95,554 182,778
Additions 11,475 7,729 10,602 115,380 145,186
At 30 April 2024 42,232 54,341 20,457 210,934 327,964
DEPRECIATION
At 1 May 2023 3,076 14,310 5,790 26,594 49,770
Charge for year 3,916 10,007 4,840 45,956 64,719
At 30 April 2024 6,992 24,317 10,630 72,550 114,489
NET BOOK VALUE
At 30 April 2024 35,240 30,024 9,827 138,384 213,475
At 30 April 2023 27,681 32,302 4,065 68,960 133,008

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 579,955 147,117
Other debtors 17,121 17,121
597,076 164,238

FROGMECH LIMITED (REGISTERED NUMBER: 10703802)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 7) 13,241 6,512
Trade creditors 235,021 64,670
Taxation and social security 293,242 196,239
Other creditors 2,555 1,933
554,059 279,354

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 14,167 24,167
Hire purchase contracts (see note 7) 27,805 19,703
41,972 43,870

7. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 13,241 6,512
Between one and five years 27,805 19,703
41,046 26,215

Non-cancellable operating leases
2024 2023
£    £   
Within one year 40,000 40,000
Between one and five years 106,667 146,667
146,667 186,667

8. OTHER FINANCIAL COMMITMENTS

At the year end the Company owed £41,046 (2023: £26,215) in respect of hire purchase agreements. These are secured on the assets to which they relate.