Caseware UK (AP4) 2023.0.135 2023.0.135 052023-07-01falseonline retail5truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09043294 2023-07-01 2024-06-30 09043294 1 2023-07-01 2024-06-30 09043294 2022-07-01 2023-06-30 09043294 2024-06-30 09043294 2023-06-30 09043294 d:Director4 2023-07-01 2024-06-30 09043294 c:FurnitureFittings 2023-07-01 2024-06-30 09043294 c:FurnitureFittings 2024-06-30 09043294 c:FurnitureFittings 2023-06-30 09043294 c:FurnitureFittings c:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09043294 c:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-01 2024-06-30 09043294 c:ComputerSoftware 2024-06-30 09043294 c:ComputerSoftware 2023-06-30 09043294 c:CurrentFinancialInstruments 2024-06-30 09043294 c:CurrentFinancialInstruments 2023-06-30 09043294 c:CurrentFinancialInstruments c:WithinOneYear 2024-06-30 09043294 c:CurrentFinancialInstruments c:WithinOneYear 2023-06-30 09043294 c:ShareCapital 2024-06-30 09043294 c:ShareCapital 2023-06-30 09043294 c:RetainedEarningsAccumulatedLosses 2024-06-30 09043294 c:RetainedEarningsAccumulatedLosses 2023-06-30 09043294 d:FRS102 2023-07-01 2024-06-30 09043294 d:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09043294 d:FullAccounts 2023-07-01 2024-06-30 09043294 d:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09043294 c:ComputerSoftware c:OwnedIntangibleAssets 2023-07-01 2024-06-30 09043294 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure


















Frank Body Ltd























Unaudited

Financial statements



for the year ended 30 June 2024



Registered number: 09043294

 
Frank Body Ltd - Registered number: 09043294


Statement of financial position
As at 30 June 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Intangible assets
 4 
13,886
30,554

Tangible assets
 5 
4,856
32,628

  
18,742
63,182

Current assets
  

Stocks
 6 
515,152
705,745

Debtors
 7 
5,703,860
5,788,591

Cash at bank and in hand
  
8,144
15,985

  
6,227,156
6,510,321

Creditors: amounts falling due within one year
 8 
(6,051,879)
(6,247,802)

Net current assets
  
 
 
175,277
 
 
262,519

Total assets less current liabilities
  
194,019
325,701

  

Net assets
  
194,019
325,701


Capital and reserves
  

Share capital
  
100
100

Profit and loss account
  
193,919
325,601

  
194,019
325,701


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.
Page 1

 
Frank Body Ltd - Registered number: 09043294


Statement of financial position (continued)
As at 30 June 2024


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 income and retained earnings 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: 




Stephen Rowley
Director

Date: 27 March 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
Frank Body Ltd
 
 

Notes to the financial statements
For the year ended 30 June 2024

1.


General information

The company is a private company limited by shares and it was incorporated in England and Wales. The address of the company's principal place of business is Kemp House, 152 - 160 City Road, London, EC1V 2NX. The company's registered office is C/O Buzzacott LLP, 130 Wood Street, London, EC2V 6DL. The company registration number is 09043294.
 
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 Section 1A of Financial Reporting Standard 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Page 3

 
Frank Body Ltd
 

Notes to the financial statements
For the year ended 30 June 2024

2.Accounting policies (continued)

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

 
2.5

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Website Development
-
3 years

 
2.6

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.

Page 4

 
Frank Body Ltd
 

Notes to the financial statements
For the year ended 30 June 2024

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
33%

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 profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.
At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment.

  
2.9

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
 
 
2.10

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.

  
2.11

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to and from related parties.


3.


Employees

The average monthly number of employees, including the directors, during the year was 5 (2023 - 5).

Page 5

 
Frank Body Ltd
 
 

Notes to the financial statements
For the year ended 30 June 2024

4.


Intangible assets




Website development

£



Cost


At 1 July 2023
50,000



At 30 June 2024

50,000



Amortisation


At 1 July 2023
19,446


Charge for the year
16,668



At 30 June 2024

36,114



Net book value



At 30 June 2024
13,886



At 30 June 2023
30,554



Page 6

 
Frank Body Ltd
 
 

Notes to the financial statements
For the year ended 30 June 2024

5.


Tangible fixed assets





Fixtures and fittings

£



Cost 


At 1 July 2023
102,444



At 30 June 2024

102,444



Depreciation


At 1 July 2023
69,816


Charge for the year
27,772



At 30 June 2024

97,588



Net book value



At 30 June 2024
4,856



At 30 June 2023
32,628


6.


Stocks

2024
2023
£
£

Finished goods and goods for resale
515,152
705,745

515,152
705,745


Page 7

 
Frank Body Ltd
 
 

Notes to the financial statements
For the year ended 30 June 2024

7.


Debtors

2024
2023
£
£

Trade debtors
251,319
231,880

Amounts owed by group undertakings
5,452,541
5,538,971

Other debtors
-
17,193

Prepayments
-
547

5,703,860
5,788,591



8.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
78,839
111,920

Amounts owed to group undertakings
5,628,101
5,802,146

Other taxation and social security
267,951
172,453

Other creditors
307
766

Accruals
76,681
160,517

6,051,879
6,247,802



9.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £1,101 (2023 - £1,564). Contributions totalling £nil (2023 - £nil) were payable to the fund at the reporting date and are included in creditors.


10.


Controlling party

The company during the year was a wholly owned subsidiary of SNDR PTY Limited, a company incorporated in  Australia, Level 1, 569 Church Street, Richmond VIC 3121. In the opinion of the directors, there is no one single ultimate controlling party.
The largest and smallest undertaking for which consolidated financial statements are prepared which include the company is headed by SNDR PTY Limited. These financial statements are not publicly available.

Page 8