Frameclad Limited 07084030 false 2023-12-01 2024-11-30 2024-11-30 The principal activity of the company is other building completion and finishing Digita Accounts Production Advanced 6.30.9574.0 true false true 07084030 2023-12-01 2024-11-30 07084030 2024-11-30 07084030 bus:OrdinaryShareClass1 2024-11-30 07084030 core:CurrentFinancialInstruments 2024-11-30 07084030 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 07084030 core:Non-currentFinancialInstruments core:AfterOneYear 2024-11-30 07084030 core:FurnitureFittingsToolsEquipment 2024-11-30 07084030 core:LandBuildings 2024-11-30 07084030 core:MotorVehicles 2024-11-30 07084030 core:OtherPropertyPlantEquipment 2024-11-30 07084030 core:ToolsEquipment 2024-11-30 07084030 core:ParentEntities 2024-11-30 07084030 bus:SmallEntities 2023-12-01 2024-11-30 07084030 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 07084030 bus:FilletedAccounts 2023-12-01 2024-11-30 07084030 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 07084030 bus:RegisteredOffice 2023-12-01 2024-11-30 07084030 bus:Director4 2023-12-01 2024-11-30 07084030 bus:Director5 2023-12-01 2024-11-30 07084030 bus:OrdinaryShareClass1 2023-12-01 2024-11-30 07084030 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 07084030 bus:Agent1 2023-12-01 2024-11-30 07084030 core:FurnitureFittings 2023-12-01 2024-11-30 07084030 core:FurnitureFittingsToolsEquipment 2023-12-01 2024-11-30 07084030 core:LandBuildings 2023-12-01 2024-11-30 07084030 core:MotorVehicles 2023-12-01 2024-11-30 07084030 core:OfficeEquipment 2023-12-01 2024-11-30 07084030 core:OtherPropertyPlantEquipment 2023-12-01 2024-11-30 07084030 core:PlantMachinery 2023-12-01 2024-11-30 07084030 core:ToolsEquipment 2023-12-01 2024-11-30 07084030 core:ParentEntities 2023-12-01 2024-11-30 07084030 1 2023-12-01 2024-11-30 07084030 countries:EnglandWales 2023-12-01 2024-11-30 07084030 2023-11-30 07084030 core:FurnitureFittingsToolsEquipment 2023-11-30 07084030 core:LandBuildings 2023-11-30 07084030 core:MotorVehicles 2023-11-30 07084030 core:OtherPropertyPlantEquipment 2023-11-30 07084030 core:ParentEntities 2023-11-30 07084030 2022-12-01 2023-11-30 07084030 2023-11-30 07084030 bus:OrdinaryShareClass1 2023-11-30 07084030 core:CurrentFinancialInstruments 2023-11-30 07084030 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 07084030 core:Non-currentFinancialInstruments core:AfterOneYear 2023-11-30 07084030 core:FurnitureFittingsToolsEquipment 2023-11-30 07084030 core:LandBuildings 2023-11-30 07084030 core:MotorVehicles 2023-11-30 07084030 core:OtherPropertyPlantEquipment 2023-11-30 07084030 core:ToolsEquipment 2023-11-30 07084030 core:ParentEntities 2023-11-30 07084030 2022-11-30 07084030 core:ParentEntities 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07084030

Frameclad Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2024

 

Frameclad Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Frameclad Limited

Company Information

Directors

NJ Teagle

M Jamieson

Registered office

Building 40
Third Avenue
Pensnett Trading Estate
Kingswinford
West Midlands
DY6 7UP

Accountants

Chisnall Comer Ismail & Co
Chartered AccountantsMaria House
35 Millers Road
Brighton
BN1 5NP

 

Frameclad Limited

(Registration number: 07084030)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,225,374

989,184

Current assets

 

Stocks

5

866,556

680,351

Debtors

6

2,643,833

1,453,103

Cash at bank and in hand

 

418,891

848,540

 

3,929,280

2,981,994

Creditors: Amounts falling due within one year

7

(3,928,112)

(2,675,906)

Net current assets

 

1,168

306,088

Total assets less current liabilities

 

1,226,542

1,295,272

Creditors: Amounts falling due after more than one year

7

(685,569)

(165,025)

Provisions for liabilities

(208,646)

(249,272)

Net assets

 

332,327

880,975

Capital and reserves

 

Called up share capital

10

100

100

Revaluation reserve

61,962

73,068

Retained earnings

270,265

807,807

Shareholders' funds

 

332,327

880,975

For the financial year ending 30 November 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 and 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.

 

Frameclad Limited

(Registration number: 07084030)
Balance Sheet as at 30 November 2024

Approved and authorised by the Board on 24 July 2025 and signed on its behalf by:



 

.........................................

M Jamieson

Director

 

Frameclad Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 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:
Building 40
Third Avenue
Pensnett Trading Estate
Kingswinford
West Midlands
DY6 7UP

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.

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.

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.

 

Frameclad Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

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.

Manufacturing equipment is included at fair value. Gains are recognised in the Statement of Comprehensive Income. Deferred taxation is provided on these gains less depreciation at the current tax rates.

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

Fixtures and fittings

20% Straight line

Motor vehicles

25% Reducing balance

Office equipment

33% 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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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.

 

Frameclad Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 66 (2023 - 50).

 

Frameclad Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 December 2023

17,518

78,616

62,481

2,070,363

2,228,978

Additions

-

21,388

-

426,065

447,453

At 30 November 2024

17,518

100,004

62,481

2,496,428

2,676,431

Depreciation

At 1 December 2023

10,511

60,151

17,174

1,151,958

1,239,794

Charge for the year

1,752

12,102

10,637

186,772

211,263

At 30 November 2024

12,263

72,253

27,811

1,338,730

1,451,057

Carrying amount

At 30 November 2024

5,255

27,751

34,670

1,157,698

1,225,374

At 30 November 2023

7,007

18,465

45,307

918,405

989,184

Included within the net book value of land and buildings above is £5,256 (2023 - £7,007) in respect of short leasehold land and buildings.
 

 

Frameclad Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Revaluation

The fair value of the company's Machinery was revalued on 30 November 2021 by an independent valuer.

Market value as know by the manifacturer along with their assessment of wear and tear on the equipment to date
. The name and qualification of the independent valuer are Howick Limited, the manifacturer and sellers of the equipment.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £413,686 (2023 - £528,600).

5

Stocks

2024
£

2023
£

Finished goods and goods for resale

866,556

680,351

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

2,065,160

1,264,658

Amounts owed by related parties

9

434,916

1

Prepayments

 

141,844

186,531

Other debtors

 

1,913

1,913

   

2,643,833

1,453,103

 

Frameclad Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

213,323

144,140

Trade creditors

 

1,753,974

1,328,625

Amounts owed to group undertakings and undertakings in which the company has a participating interest

9

-

169

Taxation and social security

 

158,001

273,616

Accruals and deferred income

 

602,332

679,525

Other creditors

 

1,200,482

249,831

 

3,928,112

2,675,906

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

685,569

165,025

8

Dividends

2024

2023

£

£

Interim dividend of £9,575.81 (2023 - £3,050.00) per ordinary share

957,581

305,000

 

 

9

Related party transactions

Summary of transactions with parent

Jammy Eagle Holdings Limited, the ultimate parent company has loans from Frameclad Limited.

Loans to related parties

2023

Parent
£

Total
£

At start of period

(168)

(168)

At end of period

(168)

(168)

Loans from related parties

 

Frameclad Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

2024

Parent
£

Total
£

At start of period

(168)

(168)

Advanced

1,286,686

1,286,686

Repaid

(851,602)

(851,602)

At end of period

434,916

434,916

10

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

11

Parent and ultimate parent undertaking

The company is controlled by the directors of Frameclad Limited who are the director/shareholders of Jammy Eagle Holdings Limited.


 The company's immediate parent is Frameclad Group Limited, incorporated in England and Wales.

 The ultimate parent is Jammy Eagle Holdings Limited, incorporated in England and Wales.