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REGISTERED NUMBER: 09292629 (England and Wales)






























REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

FRANTIC MYLE LIMITED

FRANTIC MYLE LIMITED (REGISTERED NUMBER: 09292629)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Statement of Changes in Equity 5

Notes to the Financial Statements 6


FRANTIC MYLE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: Miss SL Murton





REGISTERED OFFICE: Thurstons Kington House
Kington Road
Thornbury
Gloucestershire
BS35 1PH





REGISTERED NUMBER: 09292629 (England and Wales)

FRANTIC MYLE LIMITED (REGISTERED NUMBER: 09292629)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 30 NOVEMBER 2024


The director presents her report with the financial statements of the company for the year ended 30 November 2024.

DIRECTOR
Miss SL Murton held office during the whole of the period from 1 December 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Miss SL Murton - Director


7 May 2025

FRANTIC MYLE LIMITED (REGISTERED NUMBER: 09292629)

INCOME STATEMENT
FOR THE YEAR ENDED 30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   

TURNOVER 1,315 193,810

Distribution costs - 20
Administrative expenses 11,133 30,397
11,133 30,417
OPERATING (LOSS)/PROFIT 4 (9,818 ) 163,393

Interest receivable and similar income 1,577 817
(8,241 ) 164,210

Interest payable and similar expenses 70 800
(LOSS)/PROFIT BEFORE TAXATION (8,311 ) 163,410

Tax on (loss)/profit (2,388 ) 37,322
(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(5,923

)

126,088

FRANTIC MYLE LIMITED (REGISTERED NUMBER: 09292629)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,694 112

CURRENT ASSETS
Debtors 6 58,380 85,727
Cash at bank 227,240 354,224
285,620 439,951
CREDITORS
Amounts falling due within one year 7 2,221 63,047
NET CURRENT ASSETS 283,399 376,904
TOTAL ASSETS LESS CURRENT
LIABILITIES

285,093

377,016

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 285,092 377,015
SHAREHOLDERS' FUNDS 285,093 377,016

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 7 May 2025 and were signed by:





Miss SL Murton - Director


FRANTIC MYLE LIMITED (REGISTERED NUMBER: 09292629)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 December 2022 1 251,927 251,928

Changes in equity
Dividends - (1,000 ) (1,000 )
Total comprehensive income - 126,088 126,088
Balance at 30 November 2023 1 377,015 377,016

Changes in equity
Dividends - (86,000 ) (86,000 )
Total comprehensive income - (5,923 ) (5,923 )
Balance at 30 November 2024 1 285,092 285,093

FRANTIC MYLE LIMITED (REGISTERED NUMBER: 09292629)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Frantic Myle 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 represents invoiced sales of services and is recognised when invoiced. It is measured at fair value of the consideration received or receivable excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on cost

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.

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.

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.

Creditors
Short term trade 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

FRANTIC MYLE LIMITED (REGISTERED NUMBER: 09292629)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


4. OPERATING (LOSS)/PROFIT

The operating loss (2023 - operating profit) is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 465 56

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 December 2023 1,479
Additions 2,047
Disposals (1,199 )
At 30 November 2024 2,327
DEPRECIATION
At 1 December 2023 1,367
Charge for year 465
Eliminated on disposal (1,199 )
At 30 November 2024 633
NET BOOK VALUE
At 30 November 2024 1,694
At 30 November 2023 112

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 58,380 85,727

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 60,947
Other creditors 2,221 2,100
2,221 63,047

FRANTIC MYLE LIMITED (REGISTERED NUMBER: 09292629)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
Miss SL Murton
Balance outstanding at start of year 85,490 (3,213 )
Amounts advanced 56,502 88,703
Amounts repaid (86,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 55,992 85,490

Interest is charged on the loan account in accordance with HMRC guidance at the official published rate of interest. The loan is repayable on demand.