Registration number: 11073457

Lottie's Frome Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Lottie's Frome Ltd

Company Information

Directors

C S A E Evans J G Whelan

Registered office

23 Catherine Street Frome Somerset BA11 1DB

Accountants

Burton Sweet Limited Chartered Accountants and Business Advisors Cooper House Lower Charlton Estate Shepton Mallet Somerset BA4 5QE

Lottie's Frome Ltd

(Registration number: 11073457)
Balance Sheet
30 November 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	19,255	25,675
Current assets
Stocks	5	9,720	9,720
Debtors	6	395,012	196,790
Cash at bank and in hand		230	14,765
		404,962	221,275
Creditors: Amounts falling due within one year	7	(519,942)	(244,598)
Net current liabilities		(114,980)	(23,323)
Total assets less current liabilities		(95,725)	2,352
Creditors: Amounts falling due after more than one year	7	(79,556)	(114,507)
Net liabilities		(175,281)	(112,155)
Capital and reserves
Called up share capital		100	100
Retained earnings		(175,381)	(112,255)
Shareholders' deficit		(175,281)	(112,155)

Lottie's Frome Ltd

(Registration number: 11073457)
Balance Sheet
30 November 2024

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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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.

Approved and authorised by the Board on 8 September 2025 and signed on its behalf by:
 

......................................... C S A E Evans Director

Lottie's Frome Ltd

Notes to the Unaudited Financial Statements
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:
23 Catherine Street
Frome
Somerset
BA11 1DB

These financial statements were authorised for issue by the Board on 8 September 2025.

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.

Going concern

The financial statements have been prepared on a going concern basis due to the ongoing support of the directors.

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 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.

Lottie's Frome Ltd

Notes to the Unaudited Financial Statements
Year Ended 30 November 2024

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.

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
Fixtures & Fittings	4 years straight line
Computer Equipment	4 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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. 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers and are recognised at transaction price. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Lottie's Frome Ltd

Notes to the Unaudited Financial Statements
Year Ended 30 November 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 43).

Lottie's Frome Ltd

Notes to the Unaudited Financial Statements
Year Ended 30 November 2024

4	Tangible assets

	Fixtures and fittings £	Office equipment £	Total £
Cost or valuation
At 1 December 2023	74,812	1,028	75,840
At 30 November 2024	74,812	1,028	75,840
Depreciation
At 1 December 2023	49,336	829	50,165
Charge for the year	6,370	50	6,420
At 30 November 2024	55,706	879	56,585
Carrying amount
At 30 November 2024	19,106	149	19,255
At 30 November 2023	25,476	199	25,675

5

Stocks

	2024 £	2023 £
Other inventories	9,720	9,720

6

Debtors

	2024 £	2023 £
Trade debtors	13,085	12,070
Other debtors	362,237	163,546
Prepayments	19,690	21,174
	395,012	196,790

Lottie's Frome Ltd

Notes to the Unaudited Financial Statements
Year Ended 30 November 2024

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	8	273,203	57,987
Trade creditors		69,894	75,830
Taxation and social security		97,249	56,686
Accruals and deferred income		2,200	2,000
Other creditors		77,396	52,095
		519,942	244,598

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	8	79,556	114,507

8	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	5,667	17,285
Other borrowings	73,889	97,222
	79,556	114,507

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	10,000	8,500
Bank overdrafts	2,133	-
Other borrowings	261,070	49,487
	273,203	57,987

Lottie's Frome Ltd

Notes to the Unaudited Financial Statements
Year Ended 30 November 2024

9	Related party transactions

2024	At 1 December 2023 £	Advances to director £	At 30 November 2024 £
Directors overdrawn loan account	50	19,422	19,472