IRIS Accounts Production v24.3.2.46 04443633 director 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044436332023-03-31044436332024-03-31044436332023-04-012024-03-31044436332022-03-31044436332022-04-012023-03-31044436332023-03-3104443633ns15:EnglandWales2023-04-012024-03-3104443633ns14:PoundSterling2023-04-012024-03-3104443633ns10:Director12023-04-012024-03-3104443633ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104443633ns10:SmallEntities2023-04-012024-03-3104443633ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104443633ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104443633ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104443633ns10:FullAccounts2023-04-012024-03-3104443633ns10:OrdinaryShareClass12023-04-012024-03-3104443633ns10:CompanySecretary12023-04-012024-03-3104443633ns10:RegisteredOffice2023-04-012024-03-3104443633ns5:CurrentFinancialInstruments2024-03-3104443633ns5:CurrentFinancialInstruments2023-03-3104443633ns5:Non-currentFinancialInstruments2024-03-3104443633ns5:Non-currentFinancialInstruments2023-03-3104443633ns5:ShareCapital2024-03-3104443633ns5:ShareCapital2023-03-3104443633ns5:RetainedEarningsAccumulatedLosses2024-03-3104443633ns5:RetainedEarningsAccumulatedLosses2023-03-3104443633ns5:PlantMachinery2023-04-012024-03-3104443633ns5:FurnitureFittings2023-04-012024-03-3104443633ns5:MotorVehicles2023-04-012024-03-3104443633ns5:PlantMachinery2023-03-3104443633ns5:FurnitureFittings2023-03-3104443633ns5:MotorVehicles2023-03-3104443633ns5:PlantMachinery2024-03-3104443633ns5:FurnitureFittings2024-03-3104443633ns5:MotorVehicles2024-03-3104443633ns5:PlantMachinery2023-03-3104443633ns5:FurnitureFittings2023-03-3104443633ns5:MotorVehicles2023-03-3104443633ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3104443633ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3104443633ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-03-3104443633ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3104443633ns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3104443633ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3104443633ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104443633ns5:DeferredTaxation2023-03-3104443633ns5:DeferredTaxation2023-04-012024-03-3104443633ns5:DeferredTaxation2024-03-3104443633ns10:OrdinaryShareClass12024-03-31044436331ns10:Director12023-03-31044436331ns10:Director12022-03-31044436331ns10:Director12023-04-012024-03-31044436331ns10:Director12022-04-012023-03-31044436331ns10:Director12024-03-31044436331ns10:Director12023-03-31
REGISTERED NUMBER: 04443633 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

FRANKLYNAIR LIMITED

FRANKLYNAIR LIMITED (REGISTERED NUMBER: 04443633)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


FRANKLYNAIR LIMITED

Company Information
for the year ended 31 March 2024







Director: Mr G A Cooke





Secretary: Mrs C L Cooke





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 04443633 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

FRANKLYNAIR LIMITED (REGISTERED NUMBER: 04443633)

Statement of Financial Position
31 March 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 116,427 159,196

Current assets
Debtors 5 496,095 477,520
Cash at bank and in hand 221,917 112,436
718,012 589,956
Creditors
Amounts falling due within one year 6 290,055 223,263
Net current assets 427,957 366,693
Total assets less current liabilities 544,384 525,889

Creditors
Amounts falling due after more than one
year

7

(28,333

)

(48,333

)

Provisions for liabilities 8 (16,644 ) (19,860 )
Net assets 499,407 457,696

Capital and reserves
Called up share capital 9 100,000 100,000
Retained earnings 399,407 357,696
Shareholders' funds 499,407 457,696

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

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

The financial statements were approved by the director and authorised for issue on 17 February 2025 and were signed by:




Mr G A Cooke - Director


FRANKLYNAIR LIMITED (REGISTERED NUMBER: 04443633)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

Franklynair 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

FRANKLYNAIR LIMITED (REGISTERED NUMBER: 04443633)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


3. Employees and directors

The average number of employees during the year was 9 (2023 - 8 ) .

4. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
Cost
At 1 April 2023
and 31 March 2024 158,560 42,584 579,309 780,453
Depreciation
At 1 April 2023 154,160 36,235 430,862 621,257
Charge for year 2,200 3,458 37,111 42,769
At 31 March 2024 156,360 39,693 467,973 664,026
Net book value
At 31 March 2024 2,200 2,891 111,336 116,427
At 31 March 2023 4,400 6,349 148,447 159,196

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
Cost
At 1 April 2023 47,496
Disposals (47,496 )
At 31 March 2024 -
Depreciation
At 1 April 2023 27,459
Charge for year 6,782
Eliminated on disposal (34,241 )
At 31 March 2024 -
Net book value
At 31 March 2024 -
At 31 March 2023 20,037

During the year, a vehicle held under a hire purchase contract had been settled in full. The disposal of £47,496 shown above represents a change of title rather than a vehicle disposal.

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 150,851 183,808
Other debtors 345,244 293,712
496,095 477,520

FRANKLYNAIR LIMITED (REGISTERED NUMBER: 04443633)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 20,000 20,000
Hire purchase contracts - 4,555
Trade creditors 71,471 53,037
Taxation and social security 78,848 59,445
Other creditors 119,736 86,226
290,055 223,263

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 28,333 48,333

8. Provisions for liabilities
2024 2023
£ £
Deferred tax 16,644 19,860

Deferred tax
£
Balance at 1 April 2023 19,860
Credit to Statement of Income and Retained Earnings during year (3,216 )
Balance at 31 March 2024 16,644

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100,000 Ordinary £1 100,000 100,000

10. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£ £
Mr G A Cooke
Balance outstanding at start of year 94,065 96,969
Amounts advanced 32,347 67,617
Amounts repaid (98,885 ) (70,521 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 27,527 94,065