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REGISTERED NUMBER: 14131809 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Franklin Ellis (2022) Limited

Franklin Ellis (2022) Limited (Registered number: 14131809)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Franklin Ellis (2022) Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr M J Branton
Mr B Dudley
Mr I Burgess





REGISTERED OFFICE: The Old Pumphouse
5 The Ropewalk
Nottingham
NG1 5DU





REGISTERED NUMBER: 14131809 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS

Franklin Ellis (2022) Limited (Registered number: 14131809)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 10,277 8,565
Investments 5 31,642 28,247
41,919 36,812

CURRENT ASSETS
Work in progress 208,182 204,427
Debtors 6 176,057 145,955
Cash at bank and in hand 286,315 131,810
670,554 482,192
CREDITORS
Amounts falling due within one year 7 590,561 481,215
NET CURRENT ASSETS 79,993 977
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,912

37,789

CREDITORS
Amounts falling due after more than one
year

8

(7,582

)

(17,651

)

PROVISIONS FOR LIABILITIES (2,679 ) (688 )
NET ASSETS 111,651 19,450

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 111,551 19,350
SHAREHOLDERS' FUNDS 111,651 19,450

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

Franklin Ellis (2022) Limited (Registered number: 14131809)

Balance Sheet - continued
30 September 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2025 and were signed on its behalf by:





Mr M J Branton - Director


Franklin Ellis (2022) Limited (Registered number: 14131809)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Franklin Ellis (2022) 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 as modified by the revaluation of certain assets.

Turnover
Revenue 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 - 25% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Revenue recognition and work in progress
In accordance with FRS 102, revenue represents amounts chargeable to clients for professional services provided during the year, net of any sales tax. Services to clients, which at the balance sheet date have not been billed, have been recognised as revenue. Revenue is recognised by reference to the fair value of the services provided at the balance sheet date as a proportion of the total value of the engagement. Provision is made against unbilled amounts on those engagements where the right to receive payment is contingent on factors outside the control of the partnership.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

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.

Franklin Ellis (2022) Limited (Registered number: 14131809)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Investment assets
Investments are stated at market value. Any aggregate surplus or deficit arising from changes in market value is recognised in profit or loss.

Employee ownership trust
Franklin Ellis Employee Ownership Trust has been established with the object of ensuring that shares in the company are held for the benefit of the company's employees and that the eligible employees shall have an interest in the company's business.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 29 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 October 2023 8,569 22,623 31,192
Additions - 8,170 8,170
At 30 September 2024 8,569 30,793 39,362
DEPRECIATION
At 1 October 2023 3,232 19,395 22,627
Charge for year 2,142 4,316 6,458
At 30 September 2024 5,374 23,711 29,085
NET BOOK VALUE
At 30 September 2024 3,195 7,082 10,277
At 30 September 2023 5,337 3,228 8,565

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 October 2023 3,700 24,547 28,247
Revaluations - 7,095 7,095
Impairments (3,700 ) - (3,700 )
At 30 September 2024 - 31,642 31,642
NET BOOK VALUE
At 30 September 2024 - 31,642 31,642
At 30 September 2023 3,700 24,547 28,247

Franklin Ellis (2022) Limited (Registered number: 14131809)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 September 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2023 - 3,620 3,620
Valuation in 2024 (3,700 ) 7,095 3,395
Cost 3,700 20,927 24,627
- 31,642 31,642

If investments had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 20,927 20,927

Fixed asset investments were valued on an open market basis on 30 September 2024 by Janua Henderson Investors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 33,531 26,631
Other debtors - 7,200
Prepayments 142,526 112,124
176,057 145,955

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,667 10,667
Trade creditors 114,516 69,231
Tax 23,503 1,221
Social security and other taxes 32,358 21,820
VAT 91,330 61,270
Other creditors 315,007 314,206
Accruals and deferred income 3,180 2,800
590,561 481,215

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 7,582 10,667
Bank loans - 2-5 years - 6,984
7,582 17,651

Franklin Ellis (2022) Limited (Registered number: 14131809)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. ULTIMATE CONTROLLING PARTY

The company is controlled by Franklin Ellis EOT Limited, being the trustee of Franklin Ellis Employee Ownership Trust.

11. EMPLOYEE OWNERSHIP TRUST

On 7 November 2022, 51% of the share capital of Franklin Ellis (2022) Limited was sold by the directors to Franklin Ellis Employee Ownership Trust. This resulted in the company becoming employee owned with the Employee Ownership Trust now holding 51% and therefore the majority of the share capital.