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REGISTERED NUMBER: 09996453 (England and Wales)















FRANCE & ASSOCIATES LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025






FRANCE & ASSOCIATES LTD (REGISTERED NUMBER: 09996453)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 28 February 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FRANCE & ASSOCIATES LTD

COMPANY INFORMATION
for the year ended 28 February 2025







DIRECTORS: Mr J France
Mrs R L France





REGISTERED OFFICE: Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS





REGISTERED NUMBER: 09996453 (England and Wales)





ACCOUNTANTS: SMH Sheards
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

FRANCE & ASSOCIATES LTD (REGISTERED NUMBER: 09996453)

BALANCE SHEET
28 February 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 24,147 23,612

CURRENT ASSETS
Debtors 5 295,771 186,796
Cash at bank and in hand 166,370 119,688
462,141 306,484
CREDITORS
Amounts falling due within one year 6 (258,273 ) (228,506 )
NET CURRENT ASSETS 203,868 77,978
TOTAL ASSETS LESS CURRENT
LIABILITIES

228,015

101,590

CREDITORS
Amounts falling due after more than one
year

7

(10,834

)

(20,833

)

PROVISIONS FOR LIABILITIES 10 (6,037 ) (5,672 )
NET ASSETS 211,144 75,085

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 211,142 75,083
211,144 75,085

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

FRANCE & ASSOCIATES LTD (REGISTERED NUMBER: 09996453)

BALANCE SHEET - continued
28 February 2025


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 7 August 2025 and were signed on its behalf by:





Mr J France - Director


FRANCE & ASSOCIATES LTD (REGISTERED NUMBER: 09996453)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 28 February 2025


1. STATUTORY INFORMATION

France & Associates 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 (£).


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 represented by the invoiced sales of services plus any work in progress, excluding VAT, which are recognised when the services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 20% on cost and 15% on reducing balance

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets, are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors, bank loans, finance leases and accruals, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

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.


FRANCE & ASSOCIATES LTD (REGISTERED NUMBER: 09996453)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2025


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2024 58,700
Additions 8,176
At 28 February 2025 66,876
DEPRECIATION
At 1 March 2024 35,088
Charge for year 7,641
At 28 February 2025 42,729
NET BOOK VALUE
At 28 February 2025 24,147
At 29 February 2024 23,612

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 270,831 162,673
Other debtors 24,940 24,123
295,771 186,796

FRANCE & ASSOCIATES LTD (REGISTERED NUMBER: 09996453)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2025


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 21,709 49,250
Taxation and social security 176,237 107,245
Other creditors 50,327 62,011
258,273 228,506

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 10,834 20,833

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 2,768 5,699
Between one and five years 127,054 85,664
129,822 91,363

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 20,834 30,833

Secured debts represents assistance received under the Bounce Back loan scheme which was granted by the Government.

10. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 6,037 5,672

Deferred
tax
£   
Balance at 1 March 2024 5,672
Charge to Income Statement during year 365
Balance at 28 February 2025 6,037

FRANCE & ASSOCIATES LTD (REGISTERED NUMBER: 09996453)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2025


11. RELATED PARTY DISCLOSURES

Loans owing to the directors on an interest free basis of £46,402 (2024: £56,623) were outstanding at the year end. Loans are repayable on demand.