Company Registration No. 4802912 (England and Wales)
FROME AUTO ELECTRICAL LTD
Unaudited accounts
for the year ended 31 August 2024
FROME AUTO ELECTRICAL LTD
Unaudited accounts
Contents
FROME AUTO ELECTRICAL LTD
Company Information
for the year ended 31 August 2024
Company Number
4802912 (England and Wales)
Registered Office
MANOR ROAD
FROME
BA11 4BN
Accountants
DAVID J EDMUNDS & CO LTD
28 STURFORD LANE
CORSLEY
WARMINSTER
BA12 7QR
FROME AUTO ELECTRICAL LTD
Accountants' report
Accountants' report to the director of FROME AUTO ELECTRICAL LTD on the preparation of the unaudited statutory accounts for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
FROME AUTO ELECTRICAL LTD for the year ended
31 August 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of FROME AUTO ELECTRICAL LTD , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of FROME AUTO ELECTRICAL LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FROME AUTO ELECTRICAL LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that FROME AUTO ELECTRICAL LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of FROME AUTO ELECTRICAL LTD . You consider that FROME AUTO ELECTRICAL LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of FROME AUTO ELECTRICAL LTD . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
DAVID J EDMUNDS & CO LTD
28 STURFORD LANE
CORSLEY
WARMINSTER
BA12 7QR
29 April 2025
FROME AUTO ELECTRICAL LTD
Statement of financial position
as at 31 August 2024
Tangible assets
730,639
1,075,078
Investment property
889,658
889,658
Cash at bank and in hand
1,467,825
719,150
Creditors: amounts falling due within one year
(686,791)
(428,608)
Net current assets
1,109,610
517,804
Net assets
2,729,908
2,485,540
Called up share capital
2
2
Profit and loss account
2,729,906
2,485,538
Shareholders' funds
2,729,908
2,485,540
For the year ending 31 August 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 29 April 2025 and were signed on its behalf by
K J RUMMING
Director
Company Registration No. 4802912
FROME AUTO ELECTRICAL LTD
Notes to the Accounts
for the year ended 31 August 2024
FROME AUTO ELECTRICAL LTD is a private company, limited by shares, registered in England and Wales, registration number 4802912. The registered office is MANOR ROAD, FROME, BA11 4BN.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 1 September 2023
30,000
At 1 September 2023
27,000
FROME AUTO ELECTRICAL LTD
Notes to the Accounts
for the year ended 31 August 2024
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 September 2023
265,714
663,873
819,875
30,672
10,819
1,790,953
Additions
-
-
29,500
1,574
-
31,074
Disposals
-
(320,987)
-
-
-
(320,987)
At 31 August 2024
265,714
342,886
849,375
32,246
10,819
1,501,040
At 1 September 2023
-
284,289
397,470
27,740
6,376
715,875
Charge for the year
-
75,917
112,976
901
1,110
190,904
On disposals
-
(136,378)
-
-
-
(136,378)
At 31 August 2024
-
223,828
510,446
28,641
7,486
770,401
At 31 August 2024
265,714
119,058
338,929
3,605
3,333
730,639
At 31 August 2023
265,714
379,584
422,405
2,932
4,443
1,075,078
Fair value at 1 September 2023
889,658
Amounts falling due within one year
Trade debtors
278,816
173,702
8
Creditors: amounts falling due within one year
2024
2023
Trade creditors
79,561
101,361
Taxes and social security
218,545
35,050
Other creditors
282,872
234,544
9
Average number of employees
During the year the average number of employees was 12 (2023: 14).