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REGISTERED NUMBER: 09574720 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Frame Technologies Ltd

Frame Technologies Ltd (Registered number: 09574720)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 5


Frame Technologies Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: R S Orrells
Mrs J E Orrells





SECRETARY: Mrs J E Orrells





REGISTERED OFFICE: Broadaxe Lane
Presteigne
Powys
LD8 2LA





REGISTERED NUMBER: 09574720 (England and Wales)





ACCOUNTANTS: A D Accounts Limited
Rural Enterprise Centre
Vincent Carey Road
Rotherwas
Hereford
Herefordshire
HR2 6FE

Frame Technologies Ltd (Registered number: 09574720)

Abridged Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 3,434 3,792
Investments 6 100 -
3,534 3,792

CURRENT ASSETS
Stocks 142,346 313,163
Debtors 130,051 82,866
Cash at bank 2,088,040 1,832,621
2,360,437 2,228,650
CREDITORS
Amounts falling due within one year (729,290 ) (594,009 )
NET CURRENT ASSETS 1,631,147 1,634,641
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,634,681

1,638,433

PROVISIONS FOR LIABILITIES (816 ) (777 )
NET ASSETS 1,633,865 1,637,656

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 1,633,863 1,637,654
SHAREHOLDERS' FUNDS 1,633,865 1,637,656

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Frame Technologies Ltd (Registered number: 09574720)

Abridged Balance Sheet - continued
30 June 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered.

Frame Technologies Ltd (Registered number: 09574720)

Abridged Balance Sheet - continued
30 June 2024



The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:





R S Orrells - Director


Frame Technologies Ltd (Registered number: 09574720)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Frame Technologies 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover, work in progress and stock
Turnover is recognised at the fair value of the consideration received or receivable for the sale of goods and services in the ordinary nature of the business. Turnover is shown net of Value Added Tax, of goods and services provided to customers and, in the case of the long term contracts, credit is taken appropriate to the stage of completion when the outcome of the contract can be ascertained with reasonable certainty.

In respect of long term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimate of amounts not invoiced. Turnover in respect of long term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Stocks are valued at the lower of cost and net realisable value, after making due allowances for obsolete and slow moving items.

Costs include all direct expenditure and an appropriate proportion of fixed and variable overheads.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.


Frame Technologies Ltd (Registered number: 09574720)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


3. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 30 June 2024 13,712
DEPRECIATION
At 1 July 2023 9,920
Charge for year 358
At 30 June 2024 10,278
NET BOOK VALUE
At 30 June 2024 3,434
At 30 June 2023 3,792

Frame Technologies Ltd (Registered number: 09574720)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
Additions 100
At 30 June 2024 100
NET BOOK VALUE
At 30 June 2024 100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Frame Technologies 15 Ltd
Registered office: Broadaxe Lane, Presteigne, Powys, LD8 2LA
Nature of business: Dormant company
%
Class of shares: holding
Ordinary 100.00
30.9.24
£   
Aggregate capital and reserves 100

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2