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Registration number: 07009616

Frangible Safety Posts Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Frangible Safety Posts Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Frangible Safety Posts Limited

Company Information

Directors

Mr Craig Robert Pyser

Mr James Thomas Nixon

Mr Nigel Finney

Registered office

Unit 10 Phoenix Park
Stephenson Industrial Estate
Telford Way
Coalville
Leicestershire
LE67 3HB

Accountants

Evolve Accountants and Business Advisors Limited
Unit 10 Phoenix Park
Stephenson Industrial Estate
Telford Way
Coalville
Leicestershire
LE67 3HB

 

Frangible Safety Posts Limited

(Registration number: 07009616)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

4,688

5,625

Current assets

 

Stocks

6

43,730

-

Debtors

7

211,357

674,067

Cash at bank and in hand

 

580,741

507,673

 

835,828

1,181,740

Creditors: Amounts falling due within one year

8

(130,066)

(347,939)

Net current assets

 

705,762

833,801

Total assets less current liabilities

 

710,450

839,426

Creditors: Amounts falling due after more than one year

8

(27,496)

(32,421)

Net assets

 

682,954

807,005

Capital and reserves

 

Called up share capital

40

40

Share premium reserve

1,889,025

1,889,025

Retained earnings

(1,206,111)

(1,082,060)

Shareholders' funds

 

682,954

807,005

For the financial 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 July 2025 and signed on its behalf by:
 

 

Frangible Safety Posts Limited

(Registration number: 07009616)
Balance Sheet as at 31 December 2024

.........................................
Mr Craig Robert Pyser
Director

 

Frangible Safety Posts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 10 Phoenix Park
Stephenson Industrial Estate
Telford Way
Coalville
Leicestershire
LE67 3HB
England

These financial statements were authorised for issue by the Board on 23 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company has reviewed the forecasts for a period of 12 months from the date of signing of these accounts and having done so the directors consider the company will have sufficient funds to enable it to continue to operate as a going concern for at least that period. As such the accounts have been prepared on the going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Frangible Safety Posts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

10% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

 

Frangible Safety Posts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Asset class

Amortisation method and rate

Capitalised R&D

20% straight line

Intellectual property

10% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Frangible Safety Posts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Intangible assets

Goodwill
 £

Other intangible assets
 £

Total
£

Cost or valuation

At 1 January 2024

206,930

508,000

714,930

At 31 December 2024

206,930

508,000

714,930

Amortisation

At 1 January 2024

206,930

508,000

714,930

At 31 December 2024

206,930

508,000

714,930

Carrying amount

At 31 December 2024

-

-

-

5

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 January 2024

181,518

181,518

At 31 December 2024

181,518

181,518

Depreciation

At 1 January 2024

175,893

175,893

Charge for the year

937

937

At 31 December 2024

176,830

176,830

Carrying amount

At 31 December 2024

4,688

4,688

At 31 December 2023

5,625

5,625

6

Stocks

2024
£

2023
£

Work in progress

43,730

-

 

Frangible Safety Posts Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

(1,640)

361,629

Amounts owed by related parties

180,756

180,756

Prepayments

 

4,821

4,276

Other debtors

 

27,420

127,406

   

211,357

674,067

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

4,925

4,925

Trade creditors

 

66,585

184,725

Taxation and social security

 

52,820

153,101

Accruals and deferred income

 

5,045

4,980

Other creditors

 

691

208

 

130,066

347,939

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

27,496

32,421

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

27,496

32,421

Current loans and borrowings

2024
£

2023
£

Bank borrowings

4,925

4,925