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REGISTERED NUMBER: 09041079 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

FRAMPTON & ROEBUCK LIMITED

FRAMPTON & ROEBUCK LIMITED (REGISTERED NUMBER: 09041079)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FRAMPTON & ROEBUCK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: S P Roebuck
S Frampton





REGISTERED OFFICE: 28 New Elvet
Durham
DH1 3AL





REGISTERED NUMBER: 09041079 (England and Wales)





ACCOUNTANTS: RMT Ribchesters
Accountants and Business Advisors
Finchale House
Belmont Business Park
Durham
DH1 1TW

FRAMPTON & ROEBUCK LIMITED (REGISTERED NUMBER: 09041079)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 175,482 4,014

CURRENT ASSETS
Debtors 5 10,041 395,337
Cash at bank and in hand 303,809 83,528
313,850 478,865
CREDITORS
Amounts falling due within one year 6 139,934 77,754
NET CURRENT ASSETS 173,916 401,111
TOTAL ASSETS LESS CURRENT
LIABILITIES

349,398

405,125

CREDITORS
Amounts falling due after more than one
year

7

(117,240

)

(14,536

)

PROVISIONS FOR LIABILITIES (37,723 ) (1,003 )
NET ASSETS 194,435 389,586

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 194,335 389,486
SHAREHOLDERS' FUNDS 194,435 389,586

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

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

FRAMPTON & ROEBUCK LIMITED (REGISTERED NUMBER: 09041079)

BALANCE SHEET - continued
31 MAY 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 21 February 2025 and were signed on its behalf by:





S Frampton - Director


FRAMPTON & ROEBUCK LIMITED (REGISTERED NUMBER: 09041079)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Frampton & Roebuck 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 represents net invoiced sales of services, excluding value added tax.

Turnover is recognised when the service is deemed to be complete to the extent that there is a right to consideration.

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.
Improvements to property - straight line over 5 years
Fixtures and fittings - 25% on cost and straight line over 5 years
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Financial instruments
The company has elected to apply the provisions of section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, other loans, and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised


FRAMPTON & ROEBUCK LIMITED (REGISTERED NUMBER: 09041079)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued
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.

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.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

FRAMPTON & ROEBUCK LIMITED (REGISTERED NUMBER: 09041079)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 54,250
Additions 193,061
At 31 May 2024 247,311
DEPRECIATION
At 1 June 2023 50,236
Charge for year 21,593
At 31 May 2024 71,829
NET BOOK VALUE
At 31 May 2024 175,482
At 31 May 2023 4,014

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

Plant and
machinery
etc
£   
COST
Additions 145,132
At 31 May 2024 145,132
DEPRECIATION
Charge for year 15,068
At 31 May 2024 15,068
NET BOOK VALUE
At 31 May 2024 130,064

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 10,041 395,337

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,179 7,000
Hire purchase contracts (see note 8) 18,242 -
Taxation and social security 105,687 66,573
Other creditors 8,826 4,181
139,934 77,754

FRAMPTON & ROEBUCK LIMITED (REGISTERED NUMBER: 09041079)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 7,357 14,536
Hire purchase contracts (see note 8) 109,883 -
117,240 14,536

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 18,242 -
Between one and five years 109,883 -
128,125 -

Non-cancellable operating leases
2024 2023
£    £   
Within one year 23,000 23,000
Between one and five years 53,667 76,667
76,667 99,667

9. CALLED UP SHARE CAPITAL

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
S P Roebuck
Balance outstanding at start of year 10,317 -
Amounts advanced 106,000 10,317
Amounts repaid (116,317 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 10,317

FRAMPTON & ROEBUCK LIMITED (REGISTERED NUMBER: 09041079)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

S Frampton
Balance outstanding at start of year 6,835 -
Amounts advanced 107,415 6,835
Amounts repaid (114,250 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 6,835

11. RELATED PARTY DISCLOSURES

During the year the directors maintained an interest free loan to the company. At 31 May 2024 the balance on the loan was £2,526.

In the year an amount of £348,993 which was due from a company under common control was written off as irrecoverable.