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COMPANY REGISTRATION NUMBER: 06222470
Francis Dumbrell Limited
Filleted Unaudited Financial Statements
31 December 2024
Francis Dumbrell Limited
Financial Statements
Year ended 31 December 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Francis Dumbrell Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
163,257
167,807
Current assets
Debtors
7
58,772
82,600
Cash at bank and in hand
144,093
142,389
---------
---------
202,865
224,989
Creditors: amounts falling due within one year
8
102,576
90,575
---------
---------
Net current assets
100,289
134,414
---------
---------
Total assets less current liabilities
263,546
302,221
Creditors: amounts falling due after more than one year
9
5,000
15,000
Provisions
Taxation including deferred tax
1,392
1,681
---------
---------
Net assets
257,154
285,540
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
257,152
285,538
---------
---------
Shareholders funds
257,154
285,540
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Francis Dumbrell Limited
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 16 June 2025 , and are signed on behalf of the board by:
Mr S. Dumbrell
Mr P. Francis
Director
Director
Company registration number: 06222470
Francis Dumbrell Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 85 Sandgate Road, Folkestone, CT20 2AF, Kent.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill and licence fees
-
5 years straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Land and buildings
-
50 years straight line
Plant and Machinery
-
15% reducing balance
Fixtures and Fittings
-
5 years straight line
Motor Vehicles
-
25% reducing balance
Equipment
-
3 years straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with stated interest rate and receivable of 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 are initially recognised at the transaction price including transaction costs. Subsequently, they are measured 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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 12 (2023: 11 ).
5. Intangible assets
Goodwill and licence fees
£
Cost
At 1 January 2024 and 31 December 2024
134,900
---------
Amortisation
At 1 January 2024 and 31 December 2024
134,900
---------
Carrying amount
At 31 December 2024
---------
At 31 December 2023
---------
6. Tangible assets
Land and buildings
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
£
Cost
At 1 Jan 2024
189,403
42,583
10,880
5,208
10,724
258,798
Additions
116
116
---------
--------
--------
-------
--------
---------
At 31 Dec 2024
189,403
42,583
10,880
5,208
10,840
258,914
---------
--------
--------
-------
--------
---------
Depreciation
At 1 Jan 2024
31,365
34,320
10,702
4,513
10,091
90,991
Charge for the year
2,788
1,240
117
174
347
4,666
---------
--------
--------
-------
--------
---------
At 31 Dec 2024
34,153
35,560
10,819
4,687
10,438
95,657
---------
--------
--------
-------
--------
---------
Carrying amount
At 31 Dec 2024
155,250
7,023
61
521
402
163,257
---------
--------
--------
-------
--------
---------
At 31 Dec 2023
158,038
8,263
178
695
633
167,807
---------
--------
--------
-------
--------
---------
7. Debtors
2024
2023
£
£
Trade debtors
3,388
2,669
Other debtors
55,384
79,931
--------
--------
58,772
82,600
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
17,237
12,203
Corporation tax
11,959
14,143
Social security and other taxes
54,511
45,892
Other creditors
8,869
8,337
---------
--------
102,576
90,575
---------
--------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
5,000
15,000
-------
--------
There is a legal charge in favour of the Bank of Scotland Plc secured by way of a fixed and floating charge over the undertaking and all property and assets present and future of the company in respect of any indebtedness to the Bank of Scotland Plc owed by the company.
10. Directors' advances, credits and guarantees
At the year end a Director owed the company £22,328 (2023: £22,758). During the period advances of £31,938 were made to and repayments of £32,368 were made by the Director. At the year end a Director owed the company £33,054 (2023: £44,957). During the period advances of £40,465 were made to and repayments of £52,368 were made by the Director. The company charged interest on the directors overdrawn loan accounts at the official rate of 2.25%.