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
Essntl Frames Limited
Statement of financial position
as at 31 October 2024
Cash at bank and in hand
15,950
54,324
Creditors: amounts falling due within one year
(15,056)
(53,008)
Net current assets
7,271
6,418
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
Essntl Frames Limited
Notes to the Accounts
for the year ended 31 October 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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.
Essntl Frames Limited
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Accrued income and prepayments
2,368
2,100
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
2,129
11,074
Other creditors
11,517
41,259
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).