Branching Out Frensham Ltd 09209860 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is provision of extra-curricular activities Digita Accounts Production Advanced 6.30.9574.0 true true 09209860 2024-01-01 2024-12-31 09209860 2024-12-31 09209860 bus:OrdinaryShareClass1 2024-12-31 09209860 core:CurrentFinancialInstruments 2024-12-31 09209860 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 09209860 core:FurnitureFittingsToolsEquipment 2024-12-31 09209860 core:DeferredTaxation 2024-12-31 09209860 bus:SmallEntities 2024-01-01 2024-12-31 09209860 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 09209860 bus:FilletedAccounts 2024-01-01 2024-12-31 09209860 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09209860 bus:RegisteredOffice 2024-01-01 2024-12-31 09209860 bus:Director1 2024-01-01 2024-12-31 09209860 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 09209860 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09209860 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 09209860 core:PlantMachinery 2024-01-01 2024-12-31 09209860 core:DeferredTaxation 2024-01-01 2024-12-31 09209860 countries:England 2024-01-01 2024-12-31 09209860 2023-12-31 09209860 core:FurnitureFittingsToolsEquipment 2023-12-31 09209860 core:DeferredTaxation 2023-12-31 09209860 2023-01-01 2023-12-31 09209860 2023-12-31 09209860 bus:OrdinaryShareClass1 2023-12-31 09209860 core:CurrentFinancialInstruments 2023-12-31 09209860 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 09209860 core:FurnitureFittingsToolsEquipment 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09209860

Branching Out Frensham Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Branching Out Frensham Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Branching Out Frensham Ltd

Company Information

Director

M J Williams

Registered office

68 Copse Avenue
Farnham
Surrey
GU9 9EA

Accountants

Sable & Argent Limited
Chartered Accountants
2 Elvetham Crescent
Fleet
Hampshire
GU51 1BU

 

Branching Out Frensham Ltd

(Registration number: 09209860)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

215

839

Current assets

 

Debtors

5

165

185

Cash at bank and in hand

 

2,249

3,274

 

2,414

3,459

Creditors: Amounts falling due within one year

6

(763)

(964)

Net current assets

 

1,651

2,495

Total assets less current liabilities

 

1,866

3,334

Provisions for liabilities

(41)

(159)

Net assets

 

1,825

3,175

Capital and reserves

 

Called up share capital

8

10

10

Retained earnings

1,815

3,165

Shareholders' funds

 

1,825

3,175

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 May 2025
 

M J Williams
Director

   
     
 

Branching Out Frensham Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
68 Copse Avenue
Farnham
Surrey
GU9 9EA

These financial statements were authorised for issue by the director on 16 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises fees received for services provided during the period in the ordinary course of the company’s activities.

Tax

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

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Branching Out Frensham Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

33.3% p.a. on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services provided in the period in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons (including the director) employed by the company in the year, was 6 (2023: 3).

 

Branching Out Frensham Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Equipment
 £

Total
£

Cost or valuation

At 1 January 2024

1,873

1,873

At 31 December 2024

1,873

1,873

Depreciation

At 1 January 2024

1,034

1,034

Charge for the year

624

624

At 31 December 2024

1,658

1,658

Carrying amount

At 31 December 2024

215

215

At 31 December 2023

839

839

5

Debtors

Current

2024
£

2023
£

Other debtors

165

185

 

165

185

 

Branching Out Frensham Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

-

201

Accruals and deferred income

763

763

763

964

7

Provisions for liabilities

Deferred tax
£

Total
£

At 1 January 2024

159

159

Increase (decrease) in existing provisions

(118)

(118)

At 31 December 2024

41

41

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

ordinary shares of £1 each

10

10

10

10