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REGISTERED NUMBER: 13497284 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Francome's Building Supplies Ltd

Francome's Building Supplies Ltd (Registered number: 13497284)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Francome's Building Supplies Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: S Ricketts
Mrs K Igoe-Ricketts





REGISTERED OFFICE: WPI Trading Estate
Chelford Road
Ollerton
Knutsford
WA16 8TA





REGISTERED NUMBER: 13497284 (England and Wales)





ACCOUNTANTS: Pareto Tax & Wealth LLP
The Old Schoolhouse
5-7 Byrom Street
Manchester
M3 4PF

Francome's Building Supplies Ltd (Registered number: 13497284)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 670,402 624,720

CURRENT ASSETS
Stocks 781,240 806,361
Debtors 5 388,401 285,060
Cash at bank and in hand 336,695 44,994
1,506,336 1,136,415
CREDITORS
Amounts falling due within one year 6 1,028,521 677,451
NET CURRENT ASSETS 477,815 458,964
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,148,217

1,083,684

CREDITORS
Amounts falling due after more than one
year

7

909,175

924,089
NET ASSETS 239,042 159,595

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 239,040 159,593
SHAREHOLDERS' FUNDS 239,042 159,595

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Francome's Building Supplies Ltd (Registered number: 13497284)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by:





S Ricketts - Director


Francome's Building Supplies Ltd (Registered number: 13497284)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Francome's Building Supplies Ltd 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.

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.
Plant and machinery etc - 25% on reducing balance and 15% 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 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
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.

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.

Francome's Building Supplies Ltd (Registered number: 13497284)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 322,707 400,088 722,795
Additions - 117,637 117,637
Disposals - (3,250 ) (3,250 )
At 31 July 2024 322,707 514,475 837,182
DEPRECIATION
At 1 August 2023 - 98,075 98,075
Charge for year - 70,126 70,126
Eliminated on disposal - (1,421 ) (1,421 )
At 31 July 2024 - 166,780 166,780
NET BOOK VALUE
At 31 July 2024 322,707 347,695 670,402
At 31 July 2023 322,707 302,013 624,720

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2023 93,300
Additions 26,000
Transfer to ownership (22,500 )
At 31 July 2024 96,800
DEPRECIATION
At 1 August 2023 11,321
Charge for year 14,220
Transfer to ownership (3,375 )
At 31 July 2024 22,166
NET BOOK VALUE
At 31 July 2024 74,634
At 31 July 2023 81,979

Francome's Building Supplies Ltd (Registered number: 13497284)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 361,921 279,747
Other debtors 26,480 5,313
388,401 285,060

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 34,624 33,165
Trade creditors 843,329 460,290
Taxation and social security 76,282 55,780
Other creditors 74,286 128,216
1,028,521 677,451

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 9,175 24,089
Other creditors 900,000 900,000
909,175 924,089

8. RELATED PARTY DISCLOSURES

At 31 July 2024 the company owed the directors £963,829 (2023:£1,021,329).
£900,000 is due after more than one year.

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors by virtue of their shareholdings.