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REGISTERED NUMBER: 10923874 (England and Wales)














Unaudited Financial Statements

For The Year Ended 31st August 2024

for

Frake D Limited

Frake D Limited (Registered number: 10923874)






Contents of the Financial Statements
For The Year Ended 31st August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 5

Frake D Limited

Company Information
For The Year Ended 31st August 2024







DIRECTOR: D Frake





REGISTERED OFFICE: Garden Annexe
Whispering Heights
2a Dorchester Road
Frampton
Dorset
DT2 9NB





REGISTERED NUMBER: 10923874 (England and Wales)





ACCOUNTANTS: Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

Frake D Limited (Registered number: 10923874)

Balance Sheet
31st August 2024

31.8.24 31.8.23
Notes £    £   
CURRENT ASSETS
Stocks 4 46,469 63,212
Debtors 5 79,526 52,391
Cash at bank 31,547 18,329
157,542 133,932
CREDITORS
Amounts falling due within one year 6 117,850 130,469
NET CURRENT ASSETS 39,692 3,463
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,692

3,463

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 39,691 3,462
SHAREHOLDERS' FUNDS 39,692 3,463

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 5th February 2025 and were signed by:





D Frake - Director


Frake D Limited (Registered number: 10923874)

Notes to the Financial Statements
For The Year Ended 31st August 2024

1. STATUTORY INFORMATION

Frake D 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.

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 Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

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

4. STOCKS
31.8.24 31.8.23
£    £   
Stocks 46,469 63,212

Frake D Limited (Registered number: 10923874)

Notes to the Financial Statements - continued
For The Year Ended 31st August 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 77,541 49,597
SOT Reserve A/c's 1,985 2,794
79,526 52,391

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Tax 10,845 5,269
VAT 5,065 3,277
Snap On Tools 71,490 78,240
SOT Control 19,709 19,834
Directors' current accounts 9,134 22,314
Accrued expenses 1,607 1,535
117,850 130,469

7. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Snap-On U K Holdings Limited 91,199 98,074

There is a fixed and floating charge over the assets of the company.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
1 Ordinary £1 1 1

9. RESERVES
Retained
earnings
£   

At 1st September 2023 3,462
Profit for the year 44,229
Dividends (8,000 )
At 31st August 2024 39,691

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Frake.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Frake D Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Frake D Limited for the year ended 31st August 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Frake D Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Frake D Limited and state those matters that we have agreed to state to the director of Frake D Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Frake D Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Frake D Limited. You consider that Frake D Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Frake D Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE


5th February 2025