IRIS Accounts Production v25.1.4.42 04093840 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false Ordinary A shares 1.00000 Ordinary B Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh040938402023-10-31040938402024-10-31040938402023-11-012024-10-31040938402022-10-31040938402022-11-012023-10-31040938402023-10-3104093840ns15:EnglandWales2023-11-012024-10-3104093840ns14:PoundSterling2023-11-012024-10-3104093840ns10:Director12023-11-012024-10-3104093840ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3104093840ns10:SmallEntities2023-11-012024-10-3104093840ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3104093840ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3104093840ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3104093840ns10:FullAccounts2023-11-012024-10-3104093840ns10:OrdinaryShareClass12023-11-012024-10-3104093840ns10:OrdinaryShareClass22023-11-012024-10-3104093840ns10:Director22023-11-012024-10-3104093840ns10:RegisteredOffice2023-11-012024-10-3104093840ns5:CurrentFinancialInstruments2024-10-3104093840ns5:CurrentFinancialInstruments2023-10-3104093840ns5:Non-currentFinancialInstruments2024-10-3104093840ns5:Non-currentFinancialInstruments2023-10-3104093840ns5:ShareCapital2024-10-3104093840ns5:ShareCapital2023-10-3104093840ns5:RetainedEarningsAccumulatedLosses2024-10-3104093840ns5:RetainedEarningsAccumulatedLosses2023-10-3104093840ns5:PlantMachinery2023-10-3104093840ns5:PlantMachinery2023-11-012024-10-3104093840ns5:PlantMachinery2024-10-3104093840ns5:PlantMachinery2023-10-3104093840ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3104093840ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3104093840ns5:AcceleratedTaxDepreciationDeferredTax2024-10-3104093840ns5:AcceleratedTaxDepreciationDeferredTax2023-10-3104093840ns5:DeferredTaxation2023-10-3104093840ns5:DeferredTaxation2023-11-012024-10-3104093840ns5:DeferredTaxation2024-10-3104093840ns10:OrdinaryShareClass12024-10-3104093840ns10:OrdinaryShareClass22024-10-31
REGISTERED NUMBER: 04093840 (England and Wales)













FRADD CONSTRUCTION LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






FRADD CONSTRUCTION LTD (REGISTERED NUMBER: 04093840)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FRADD CONSTRUCTION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: S L Fradd
Mrs M J Fradd





REGISTERED OFFICE: Woodberry
Hailsham Road
Heathfield
East Sussex
TN218AS





REGISTERED NUMBER: 04093840 (England and Wales)





ACCOUNTANTS: SJF Accounting & Tax Ltd t/a SJF Accountants
Chartered Certified Accountants
Rothsay House
5 South Street
East Hoathly
East Sussex
BN8 6DS

FRADD CONSTRUCTION LTD (REGISTERED NUMBER: 04093840)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,821 56,629

CURRENT ASSETS
Debtors 5 118,588 191,490
Cash at bank 310,084 415,245
428,672 606,735
CREDITORS
Amounts falling due within one year 6 133,714 258,388
NET CURRENT ASSETS 294,958 348,347
TOTAL ASSETS LESS CURRENT
LIABILITIES

345,779

404,976

CREDITORS
Amounts falling due after more than one
year

7

(20,077

)

(58,956

)

PROVISIONS FOR LIABILITIES 8 (12,705 ) (14,157 )
NET ASSETS 312,997 331,863

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 312,897 331,763
SHAREHOLDERS' FUNDS 312,997 331,863

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

FRADD CONSTRUCTION LTD (REGISTERED NUMBER: 04093840)

BALANCE SHEET - continued
31 OCTOBER 2024


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 24 July 2025 and were signed on its behalf by:





S L Fradd - Director


FRADD CONSTRUCTION LTD (REGISTERED NUMBER: 04093840)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Fradd Construction Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Monetary amounts in these financial statements are rounded to the nearest £.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at fair value of the consideration received or receivable for goods and services provided in the normal course of business and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts and settlements discounts.

Revenue from the provision of construction services is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on the completion of the construction project), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts are recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliability. The stage of completion is calculated by comparing costs incurred against the contract total and valuations. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised are recoverable.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful life.

Plant and machinery - 15% on reducing balance

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loan from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised costs are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.


FRADD CONSTRUCTION LTD (REGISTERED NUMBER: 04093840)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

2. ACCOUNTING POLICIES - continued
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.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Amounts recoverable on long term contracts
Where contracts are ongoing at the year end the amount of revenue included reflects the value of work completed so that revenue is recognised over the period of the contract.

3. EMPLOYEES AND DIRECTORS

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

FRADD CONSTRUCTION LTD (REGISTERED NUMBER: 04093840)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 72,061
Additions 3,160
At 31 October 2024 75,221
DEPRECIATION
At 1 November 2023 15,432
Charge for year 8,968
At 31 October 2024 24,400
NET BOOK VALUE
At 31 October 2024 50,821
At 31 October 2023 56,629

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 90,842 177,098
Amounts recoverable on contract 13,878 13,878
Other debtors 13,868 514
118,588 191,490

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 38,910 36,974
Trade creditors 45,153 147,747
Taxation and social security 25,086 59,471
Other creditors 24,565 14,196
133,714 258,388

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 20,077 58,956

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 12,705 14,157

FRADD CONSTRUCTION LTD (REGISTERED NUMBER: 04093840)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2023 14,157
Provided during year (1,452 )
Balance at 31 October 2024 12,705

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
76 Ordinary A shares 1 76 100
24 Ordinary B Shares 1 24 -
100 100

10. ULTIMATE CONTROLLING PARTY

The controlling party is S L Fradd.