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REGISTERED NUMBER: 05150580 (England and Wales)















FRO SYSTEMS LIMITED

Unaudited Financial Statements for the Year Ended 31 August 2024






FRO SYSTEMS LIMITED (REGISTERED NUMBER: 05150580)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FRO SYSTEMS LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTOR: M J McCann





SECRETARY: N Moule





REGISTERED OFFICE: Units 4-6
Griffin Industrial Estate
Penncricket Lane
Warley
West Midlands
B65 0SN





REGISTERED NUMBER: 05150580 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

FRO SYSTEMS LIMITED (REGISTERED NUMBER: 05150580)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,526 2,034
1,526 2,034

CURRENT ASSETS
Stocks 83,182 93,222
Debtors 6 52,967 59,495
Cash at bank 2,848 4,841
138,997 157,558
CREDITORS
Amounts falling due within one year 7 83,395 80,071
NET CURRENT ASSETS 55,602 77,487
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,128

79,521

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 57,028 79,421
SHAREHOLDERS' FUNDS 57,128 79,521

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

FRO SYSTEMS LIMITED (REGISTERED NUMBER: 05150580)

Balance Sheet - continued
31 August 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 director and authorised for issue on 21 August 2025 and were signed by:





M J McCann - Director


FRO SYSTEMS LIMITED (REGISTERED NUMBER: 05150580)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


FRO SYSTEMS LIMITED (REGISTERED NUMBER: 05150580)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 15,000
AMORTISATION
At 1 September 2023
and 31 August 2024 15,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 15,098 916 16,014
DEPRECIATION
At 1 September 2023 13,492 488 13,980
Charge for year 401 107 508
At 31 August 2024 13,893 595 14,488
NET BOOK VALUE
At 31 August 2024 1,205 321 1,526
At 31 August 2023 1,606 428 2,034

FRO SYSTEMS LIMITED (REGISTERED NUMBER: 05150580)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 49,547 53,075
Other debtors 3,420 6,420
52,967 59,495

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Social security and other taxes 18,629 19,028
Other creditors 1,581 1,581
Directors' current accounts 60,835 54,112
Accrued expenses 2,350 5,350
83,395 80,071

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M J McCann.