Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-312025-05-27falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.22023-09-01falseNo description of principal activity2true 14299343 2023-09-01 2024-08-31 14299343 2022-08-16 2023-08-31 14299343 2024-08-31 14299343 2023-08-31 14299343 c:Director1 2023-09-01 2024-08-31 14299343 c:Director2 2023-09-01 2024-08-31 14299343 d:PlantMachinery 2023-09-01 2024-08-31 14299343 d:PlantMachinery 2024-08-31 14299343 d:PlantMachinery 2023-08-31 14299343 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 14299343 d:MotorVehicles 2023-09-01 2024-08-31 14299343 d:MotorVehicles 2024-08-31 14299343 d:MotorVehicles 2023-08-31 14299343 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 14299343 d:OfficeEquipment 2023-09-01 2024-08-31 14299343 d:OfficeEquipment 2024-08-31 14299343 d:OfficeEquipment 2023-08-31 14299343 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 14299343 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 14299343 d:CurrentFinancialInstruments 2024-08-31 14299343 d:CurrentFinancialInstruments 2023-08-31 14299343 d:Non-currentFinancialInstruments 2024-08-31 14299343 d:Non-currentFinancialInstruments 2023-08-31 14299343 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 14299343 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 14299343 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 14299343 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 14299343 d:ShareCapital 2024-08-31 14299343 d:ShareCapital 2023-08-31 14299343 d:RetainedEarningsAccumulatedLosses 2024-08-31 14299343 d:RetainedEarningsAccumulatedLosses 2023-08-31 14299343 c:FRS102 2023-09-01 2024-08-31 14299343 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 14299343 c:FullAccounts 2023-09-01 2024-08-31 14299343 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 14299343 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-09-01 2024-08-31 14299343 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-08-31 iso4217:GBP xbrli:pure

Registered number: 14299343










FRIMBENI LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

 
FRIMBENI LTD
 

CONTENTS



Page
Balance Sheet
 
 
1 - 3
Notes to the Financial Statements
 
 
4 - 9


 
FRIMBENI LTD
REGISTERED NUMBER: 14299343

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
  
78,185
1,555

  
78,185
1,555

Current assets
  

Stocks
  
850
527

Debtors: amounts falling due within one year
  
44,274
1,155

Cash at bank and in hand
  
74,659
36,082

  
119,783
37,764

Creditors: amounts falling due within one year
  
(17,754)
(9,646)

Net current assets
  
 
 
102,029
 
 
28,118

Total assets less current liabilities
  
180,214
29,673

Creditors: amounts falling due after more than one year
  
(56,687)
-

Provisions for liabilities
  

Deferred tax
  
(19,547)
(376)

  
 
 
(19,547)
 
 
(376)

Net assets
  
103,980
29,297


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
103,880
29,197

  
103,980
29,297


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.

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.

Page 1

 
FRIMBENI LTD
REGISTERED NUMBER: 14299343
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

Page 2

 
FRIMBENI LTD
REGISTERED NUMBER: 14299343
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 May 2025.




N N Sheppard
F P Sheppard
Director
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
FRIMBENI LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

The company is a private company limited by shares. It is both incorporated and domiciled in England and Wales. The address of its registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ.
Its principal activity is the provision of specialist medical practice activities. The principal place of business is Norwich.

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 the Republic of Ireland 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 judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Sale of goods

Revenue 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 revenue 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.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
FRIMBENI LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

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 5

 
FRIMBENI LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)


2.5
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 and reducing balance basis..

Depreciation is provided on the following basis:

Tools and equipment
-
15%
reducing balance
Motor vehicles
-
Office equipment
-
33%
straight line

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.

 
2.6

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 balance sheet 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.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

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.

Page 6

 
FRIMBENI LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.10

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

 
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, loans to related parties and investments in ordinary shares.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 7

 
FRIMBENI LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Tools and equipment
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 September 2023
289
-
1,964
2,253


Additions
2,301
76,490
1,348
80,139



At 31 August 2024

2,590
76,490
3,312
82,392



Depreciation


At 1 September 2023
43
-
655
698


Charge for the year on owned assets
794
1,594
1,121
3,509



At 31 August 2024

837
1,594
1,776
4,207



Net book value



At 31 August 2024
1,753
74,896
1,536
78,185



At 31 August 2023
246
-
1,309
1,555


5.


Debtors

2024
2023
£
£


Trade debtors
42,196
1,155

Prepayments and accrued income
2,078
-

44,274
1,155


Page 8

 
FRIMBENI LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
4,967
7,630

Obligations under finance lease and hire purchase contracts
9,040
-

Other creditors
336
24

Accruals and deferred income
3,411
1,992

17,754
9,646



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
56,687
-

56,687
-



8.


Related party transactions

As at 31 August 2024 the company owed a director  £ 336 (2023: £24).

 
Page 9