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REGISTERED NUMBER: 03323892 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Froxfield Service Centre Limited

Froxfield Service Centre Limited (Registered number: 03323892)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Froxfield Service Centre Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: N K Carpenter
Mrs S M Carpenter
R J Shearman





SECRETARY: Mrs S M Carpenter





REGISTERED OFFICE: Unit 10, Old Station Yard
Farringdon Industrial Centre
Farringdon
Alton
Hampshire
GU34 3DD





REGISTERED NUMBER: 03323892 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Froxfield Service Centre Limited (Registered number: 03323892)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 45,768 33,543

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 5 9,702 11,791
Cash at bank 49,614 40,818
62,316 55,609
CREDITORS
Amounts falling due within one year 6 28,186 27,144
NET CURRENT ASSETS 34,130 28,465
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,898

62,008

PROVISIONS FOR LIABILITIES 9 5,923 6,373
NET ASSETS 73,975 55,635

CAPITAL AND RESERVES
Called up share capital 10 200 200
Retained earnings 73,775 55,435
SHAREHOLDERS' FUNDS 73,975 55,635

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Froxfield Service Centre Limited (Registered number: 03323892)

Balance Sheet - continued
31 March 2025


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 22 May 2025 and were signed on its behalf by:





N K Carpenter - Director


Froxfield Service Centre Limited (Registered number: 03323892)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

Froxfield Service Centre 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.

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 - 15% on cost
Motor vehicles - 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.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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.


Froxfield Service Centre Limited (Registered number: 03323892)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


2. 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, adjusted for indexation where applicable.

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.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2024 62,229 44,796 107,025
Additions - 40,672 40,672
Disposals - (27,865 ) (27,865 )
At 31 March 2025 62,229 57,603 119,832
DEPRECIATION
At 1 April 2024 51,223 22,259 73,482
Charge for year 2,359 12,374 14,733
Eliminated on disposal - (14,151 ) (14,151 )
At 31 March 2025 53,582 20,482 74,064
NET BOOK VALUE
At 31 March 2025 8,647 37,121 45,768
At 31 March 2024 11,006 22,537 33,543

Froxfield Service Centre Limited (Registered number: 03323892)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 1,182 4,239
Other debtors 8,520 7,552
9,702 11,791

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts (see note 7) - 3,856
Trade creditors 15,561 14,359
Taxation and social security 9,740 6,179
Other creditors 2,885 2,750
28,186 27,144

7. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.25 31.3.24
£    £   
Net obligations repayable:
Within one year - 3,856

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Hire purchase contracts - 3,856

The hire purchase contracts are secured on the assets to which they relate.

9. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred tax 5,923 6,373

Deferred
tax
£   
Balance at 1 April 2024 6,373
Accelerated capital allowances (450 )
Balance at 31 March 2025 5,923

Froxfield Service Centre Limited (Registered number: 03323892)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
200 Ordinary £1 200 200