| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
| FOR |
| FRANK L . FOLLETT MOTORS LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
| FOR |
| FRANK L . FOLLETT MOTORS LIMITED |
| FRANK L . FOLLETT MOTORS LIMITED (REGISTERED NUMBER: 00807682) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| FRANK L . FOLLETT MOTORS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Manufactory House |
| Bell Lane |
| Hertford |
| Hertfordshire |
| SG14 1BP |
| FRANK L . FOLLETT MOTORS LIMITED (REGISTERED NUMBER: 00807682) |
| BALANCE SHEET |
| 30TH SEPTEMBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| FRANK L . FOLLETT MOTORS LIMITED (REGISTERED NUMBER: 00807682) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Frank L . Follett Motors Limited is a |
| 2. | ACCOUNTING POLICIES |
| Accounting convention |
| Going concern justification |
| The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern . The directors have not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 30th September 2024 have been prepared using the going concern basis of accounting. |
| Revenue |
| Revenue - Described as turnover - is the value of goods(net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with resect to services. |
| Revenue is recognised on sale of goods when the goods are delivered and title has passed. Revenue is recognised on the provision of services once completed. |
| Tangible fixed assets |
| Plant & machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Loose tools | - |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| FRANK L . FOLLETT MOTORS LIMITED (REGISTERED NUMBER: 00807682) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant & | and | Motor | Loose |
| machinery | fittings | vehicles | tools | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1st October 2023 |
| and 30th September 2024 |
| DEPRECIATION |
| At 1st October 2023 |
| Charge for year |
| At 30th September 2024 |
| NET BOOK VALUE |
| At 30th September 2024 |
| At 30th September 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Tax |
| Prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| VAT | 70 | 499 |
| Directors' current accounts | 96,684 | 115,396 |
| Accrued expenses |