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REGISTERED NUMBER: 00807682 (England and Wales)












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: Mrs M.L Follett
G.M. Follett





SECRETARY: Mrs M.L Follett





REGISTERED OFFICE: Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP





REGISTERED NUMBER: 00807682 (England and Wales)





ACCOUNTANTS: Cook and Partners Limited
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 3,672 4,271

CURRENT ASSETS
Debtors 5 9,890 10,540
Cash at bank 101,641 123,397
111,531 133,937
CREDITORS
Amounts falling due within one year 6 100,173 119,356
NET CURRENT ASSETS 11,358 14,581
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,030

18,852

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 14,830 18,652
SHAREHOLDERS' FUNDS 15,030 18,852

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

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

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 23rd June 2025 and were signed on its behalf by:



G.M. Follett - Director



Mrs M.L Follett - Director


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 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

Accounting convention
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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Loose tools - 15% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

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 75,657 1,543 13,423 2,299 92,922
DEPRECIATION
At 1st October 2023 72,239 882 13,337 2,193 88,651
Charge for year 512 50 21 16 599
At 30th September 2024 72,751 932 13,358 2,209 89,250
NET BOOK VALUE
At 30th September 2024 2,906 611 65 90 3,672
At 30th September 2023 3,418 661 86 106 4,271

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,989 9,344
Tax - 275
Prepayments 901 921
9,890 10,540

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,351 2,393
VAT 70 499
Directors' current accounts 96,684 115,396
Accrued expenses 1,068 1,068
100,173 119,356