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Company Registration No. 11091193 (England and Wales)
Frankiss Ltd Unaudited accounts for the year ended 31 December 2024
Frankiss Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Frankiss Ltd Company Information for the year ended 31 December 2024
Directors
John Frankiss Rebecca Frankiss
Company Number
11091193 (England and Wales)
Registered Office
The Hidden House New Street Falmouth Cornwall TR11 3HX
Accountants
Carolyn Lowe Biglin Lowe Accountants Ltd Bosnoweth Budock Water Cornwall TR11 5PE
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Frankiss Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
503 
1,889 
Tangible assets
5
40,087 
48,727 
40,590 
50,616 
Current assets
Inventories
1,922 
3,500 
Debtors
6
11,772 
9,077 
Cash at bank and in hand
6,037 
5,411 
19,731 
17,988 
Creditors: amounts falling due within one year
7
(21,884)
(33,940)
Net current liabilities
(2,153)
(15,952)
Total assets less current liabilities
38,437 
34,664 
Provisions for liabilities
Deferred tax
(9,109)
(12,871)
Net assets
29,328 
21,793 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
29,228 
21,693 
Shareholders' funds
29,328 
21,793 
For the year ending 31 December 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 30 April 2025 and were signed on its behalf by
Rebecca Frankiss Director Company Registration No. 11091193
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Frankiss Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Frankiss Ltd is a private company, limited by shares, registered in England and Wales, registration number 11091193. The registered office is The Hidden House, New Street, Falmouth, Cornwall, TR11 3HX.
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.
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:
Plant & machinery
15% reducing balance
Motor vehicles
4 years straight line
Fixtures & fittings
15% reducing balance
Computer equipment
15% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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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Frankiss Ltd Notes to the Accounts for the year ended 31 December 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
5,546 
At 31 December 2024
5,546 
Amortisation
At 1 January 2024
3,657 
Charge for the year
1,386 
At 31 December 2024
5,043 
Net book value
At 31 December 2024
503 
At 31 December 2023
1,889 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
47,584 
5,000 
36,978 
89,562 
Additions
- 
- 
915 
915 
Disposals
- 
- 
(2,358)
(2,358)
At 31 December 2024
47,584 
5,000 
35,535 
88,119 
Depreciation
At 1 January 2024
18,362 
3,750 
18,723 
40,835 
Charge for the year
4,382 
1,250 
2,519 
8,151 
On disposals
- 
- 
(954)
(954)
At 31 December 2024
22,744 
5,000 
20,288 
48,032 
Net book value
At 31 December 2024
24,840 
- 
15,247 
40,087 
At 31 December 2023
29,222 
1,250 
18,255 
48,727 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,940 
2,578 
Trade debtors
8,832 
2,318 
Other debtors
- 
4,181 
11,772 
9,077 
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Frankiss Ltd Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
6,112 
1,426 
Taxes and social security
1,230 
5,879 
Other creditors
4,285 
- 
Loans from directors
10,257 
26,635 
21,884 
33,940 
8
Average number of employees
During the year the average number of employees was 10 (2023: 10).
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