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Company Registration No. 12966931 (England and Wales)
Essntl Frames Limited Unaudited accounts for the year ended 31 October 2024
Essntl Frames Limited Unaudited accounts Contents
Page
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Essntl Frames Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
826 
1,653 
Current assets
Inventories
2,575 
2,276 
Debtors
3,802 
2,826 
Cash at bank and in hand
15,950 
54,324 
22,327 
59,426 
Creditors: amounts falling due within one year
(15,056)
(53,008)
Net current assets
7,271 
6,418 
Net assets
8,097 
8,071 
Capital and reserves
Called up share capital
30 
30 
Profit and loss account
8,067 
8,041 
Shareholders' funds
8,097 
8,071 
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2025 and were signed on its behalf by
V Unadkat Director Company Registration No. 12966931
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Essntl Frames Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Essntl Frames Limited is a private company, limited by shares, registered in England and Wales, registration number 12966931. The registered office is 86 Westcotes Drive, Leicester, LE3 0QS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on cost
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Essntl Frames Limited Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 November 2023
4,134 
At 31 October 2024
4,134 
Depreciation
At 1 November 2023
2,481 
Charge for the year
827 
At 31 October 2024
3,308 
Net book value
At 31 October 2024
826 
At 31 October 2023
1,653 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
2,368 
2,100 
Other debtors
1,434 
726 
3,802 
2,826 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
2,129 
11,074 
Other creditors
11,517 
41,259 
Accruals
1,410 
675 
15,056 
53,008 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
30 Ordinary shares of £1 each
30 
30 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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