Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31true2false2023-08-012trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01785686 2023-08-01 2024-07-31 01785686 2022-08-01 2023-07-31 01785686 2024-07-31 01785686 2023-07-31 01785686 c:Director1 2023-08-01 2024-07-31 01785686 d:PlantMachinery 2023-08-01 2024-07-31 01785686 d:PlantMachinery 2024-07-31 01785686 d:PlantMachinery 2023-07-31 01785686 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 01785686 d:CurrentFinancialInstruments 2024-07-31 01785686 d:CurrentFinancialInstruments 2023-07-31 01785686 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 01785686 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 01785686 d:ShareCapital 2024-07-31 01785686 d:ShareCapital 2023-07-31 01785686 d:RetainedEarningsAccumulatedLosses 2024-07-31 01785686 d:RetainedEarningsAccumulatedLosses 2023-07-31 01785686 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2024-07-31 01785686 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-07-31 01785686 c:FRS102 2023-08-01 2024-07-31 01785686 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 01785686 c:FullAccounts 2023-08-01 2024-07-31 01785686 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 01785686 e:PoundSterling 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 01785686










FROSBARD LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

 
FROSBARD LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 5


 
FROSBARD LIMITED
REGISTERED NUMBER: 01785686

BALANCE SHEET
AS AT 31 JULY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,306
3,891

Current assets
  

Debtors: amounts falling due within one year
 5 
9,509
18,601

Cash at bank and in hand
  
12,088
4,238

  
21,597
22,839

Creditors: amounts falling due within one year
 6 
(11,690)
(13,944)

Net current assets
  
 
 
9,907
 
 
8,895

Total assets less current liabilities
  
13,213
12,786

  

Net assets
  
13,213
12,786


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
13,211
12,784

  
13,213
12,786


Page 1

 
FROSBARD LIMITED
REGISTERED NUMBER: 01785686
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




D.P. Wickens
Director
Date: 7 March 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
FROSBARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Frosbard Limited (the company) is a private company, limited by shares, incorporated and domiciled in England. The address of its registered office is Earls Croome Court, Church Lane, Earls Croome, Worcestershire, WR8 9DE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is derived from takings from launderette machines.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Plant and machinery
-
10%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Page 3

 
FROSBARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Plant & machinery

£



Cost 


At 1 August 2023
30,625



At 31 July 2024

30,625



Depreciation


At 1 August 2023
26,734


Charge for the year on owned assets
585



At 31 July 2024

27,319



Net book value



At 31 July 2024
3,306



At 31 July 2023
3,891

Page 4

 
FROSBARD LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Debtors

2024
2023
£
£


Amounts owed by related undertakings
2,528
7,765

Other debtors
6,000
9,800

Prepayments and accrued income
981
1,036

9,509
18,601



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to related undertakings
6,994
8,411

Accruals and deferred income
4,696
5,533

11,690
13,944



7.


Financial instruments

2024
2023
£
£

Financial assets


Financial assets measured at fair value through profit or loss
12,088
12,088





Financial assets measured at fair value through profit or loss comprise...

 
Page 5