Company Registration No. 09983901 (England and Wales)
FRC Timber Frames Limited
Unaudited accounts
for the year ended 31 March 2024
FRC Timber Frames Limited
Unaudited accounts
Contents
FRC Timber Frames Limited
Company Information
for the year ended 31 March 2024
Company Number
09983901 (England and Wales)
Registered Office
Parkdene
Wilton Road
Melton Mowbray
Leicestershire
LE13 0UJ
England
FRC Timber Frames Limited
Statement of financial position
as at 31 March 2024
Tangible assets
34,257
59,629
Inventories
150,000
100,000
Cash at bank and in hand
(100,001)
-
Creditors: amounts falling due within one year
(161,803)
(802,256)
Net current liabilities
(283,354)
(158,706)
Total assets less current liabilities
(247,222)
(99,077)
Creditors: amounts falling due after more than one year
(30,744)
(55,183)
Net liabilities
(277,966)
(154,260)
Called up share capital
12
12
Profit and loss account
(277,978)
(154,272)
Shareholders' funds
(277,966)
(154,260)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 April 2025 and were signed on its behalf by
Thomas Kempin
Director
Company Registration No. 09983901
FRC Timber Frames Limited
Notes to the Accounts
for the year ended 31 March 2024
FRC Timber Frames Limited is a private company, limited by shares, registered in England and Wales, registration number 09983901. The registered office is Parkdene, Wilton Road, Melton Mowbray, Leicestershire, LE13 0UJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% RB
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. The rate of Amortisation is 25% per annum.
4
Intangible fixed assets
Goodwill
FRC Timber Frames Limited
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
39,237
160,447
2,540
934
203,158
Disposals
(15,000)
(27,829)
-
-
(42,829)
At 31 March 2024
24,237
132,618
2,540
934
160,329
At 1 April 2023
17,592
125,068
635
234
143,529
Charge for the year
3,161
7,607
476
175
11,419
On disposals
(6,000)
(22,876)
-
-
(28,876)
At 31 March 2024
14,753
109,799
1,111
409
126,072
At 31 March 2024
9,484
22,819
1,429
525
34,257
At 31 March 2023
21,645
35,379
1,905
700
59,629
Amounts falling due within one year
Trade debtors
178,686
97,751
Amounts due from group undertakings etc.
(471,671)
-
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
140,825
Obligations under finance leases and hire purchase contracts
34,701
31,167
Trade creditors
144,780
434,567
Amounts owed to group undertakings and other participating interests
(66,378)
85,713
Taxes and social security
24,124
94,207
Other creditors
13,512
12,377
Loans from directors
8,384
-
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
30,744
24,156
FRC Timber Frames Limited
Notes to the Accounts
for the year ended 31 March 2024
9
Average number of employees
During the year the average number of employees was 12 (2023: 9).