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REGISTERED NUMBER: 04303060 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

FRAMPTON GARAGE LIMITED

FRAMPTON GARAGE LIMITED (REGISTERED NUMBER: 04303060)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FRAMPTON GARAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: R J Thorne
Mrs H Thorne





SECRETARY: Mrs H Thorne





REGISTERED OFFICE: 18 High West Street
Dorchester
Dorset
DT1 1UW





REGISTERED NUMBER: 04303060 (England and Wales)





ACCOUNTANTS: Pugsley Revill
18 High West Street
Dorchester
Dorset
DT1 1UW

FRAMPTON GARAGE LIMITED (REGISTERED NUMBER: 04303060)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 56,794 47,042
56,794 47,042

CURRENT ASSETS
Stocks 10,571 16,095
Debtors 6 28,820 25,627
Cash at bank and in hand 165,154 142,524
204,545 184,246
CREDITORS
Amounts falling due within one year 7 72,444 72,710
NET CURRENT ASSETS 132,101 111,536
TOTAL ASSETS LESS CURRENT
LIABILITIES

188,895

158,578

PROVISIONS FOR LIABILITIES 8 1,800 3,946
NET ASSETS 187,095 154,632

CAPITAL AND RESERVES
Called up share capital 9 11 11
Retained earnings 187,084 154,621
SHAREHOLDERS' FUNDS 187,095 154,632

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 GARAGE LIMITED (REGISTERED NUMBER: 04303060)

BALANCE SHEET - continued
30 NOVEMBER 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 March 2025 and were signed on its behalf by:




R J Thorne - Director



Mrs H Thorne - Director


FRAMPTON GARAGE LIMITED (REGISTERED NUMBER: 04303060)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Frampton Garage 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures,fittings & equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% 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 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.

FRAMPTON GARAGE LIMITED (REGISTERED NUMBER: 04303060)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

2. ACCOUNTING POLICIES - continued

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 9 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 42,275
AMORTISATION
At 1 December 2023
and 30 November 2024 42,275
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures,fittings Motor Office
& equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2023 132,698 40,150 11,852 184,700
Additions 4,812 21,500 - 26,312
At 30 November 2024 137,510 61,650 11,852 211,012
DEPRECIATION
At 1 December 2023 101,946 25,108 10,604 137,658
Charge for year 7,113 9,135 312 16,560
At 30 November 2024 109,059 34,243 10,916 154,218
NET BOOK VALUE
At 30 November 2024 28,451 27,407 936 56,794
At 30 November 2023 30,752 15,042 1,248 47,042

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,580 22,903
Prepayments 3,240 2,724
28,820 25,627

FRAMPTON GARAGE LIMITED (REGISTERED NUMBER: 04303060)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 12,616 29,411
Corporation tax 34,393 22,815
Social security and other taxes 3,428 4,157
VAT 16,748 11,385
Other creditors 1,954 1,326
Directors' loan accounts 1,355 1,031
Accrued expenses 1,950 2,585
72,444 72,710

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,800 3,946

Deferred
tax
£   
Balance at 1 December 2023 3,946
Credit to Statement of Income and Retained Earnings during year (2,146 )
Balance at 30 November 2024 1,800

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary A £1 10 10
1 Ordinary B £1 1 1
11 11