REGISTERED NUMBER: 03513474 (England and Wales)

FROOM & CO LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D M Stratford

SECRETARY:

Mrs R L Stratford

REGISTERED OFFICE:

167 Turners Hill

Cheshunt

Hertfordshire

EN8 9BH

REGISTERED NUMBER:

03513474 (England and Wales)

ACCOUNTANTS:

Brindley Jacob

Chartered Accountants

167 Turners Hill

Cheshunt

Hertfordshire

EN8 9BH

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

271,435

296,285

271,435

296,285

CURRENT ASSETS

Stocks

3,750

4,500

Debtors

295,682

253,703

Cash at bank and in hand

9,665

9,945

309,097

268,148

CREDITORS

Amounts falling due within one year

452,030

449,804

NET CURRENT LIABILITIES

(142,933

)

(181,656

)

TOTAL ASSETS LESS CURRENT LIABILITIES

128,502

114,629

CREDITORS

Amounts falling due after more than one year

(69,350

)

(88,459

)

PROVISIONS FOR LIABILITIES

-

(23,060

)

NET ASSETS

59,152

3,110

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

59,052

3,010

SHAREHOLDERS' FUNDS

59,152

3,110

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 August 2025 and were signed by:

D M Stratford - Director

1.	STATUTORY INFORMATION

Froom & Co 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.

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 2000, is being amortised evenly over its estimated useful life of twenty 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

7,000

AMORTISATION

At 1 April 2024

and 31 March 2025

7,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

1,184,081

Additions

82,984

Disposals

(51,741

)

At 31 March 2025

1,215,324

DEPRECIATION

At 1 April 2024

887,796

Charge for year

82,403

Eliminated on disposal

(26,310

)

At 31 March 2025

943,889

NET BOOK VALUE

At 31 March 2025

271,435

At 31 March 2024

296,285

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

158,950

51,741

210,691

Additions

51,230

16,491

67,721

Disposals

-

(51,741

)

(51,741

)

At 31 March 2025

210,180

16,491

226,671

DEPRECIATION

At 1 April 2024

48,519

22,928

71,447

Charge for year

37,214

5,787

43,001

Eliminated on disposal

-

(26,310

)

(26,310

)

At 31 March 2025

85,733

2,405

88,138

NET BOOK VALUE

At 31 March 2025

124,447

14,086

138,533

At 31 March 2024

110,431

28,813

139,244

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank overdrafts

40,634

52,482

Hire purchase contracts

117,388

118,422

Debt factoring liability

3,793

6,571

161,815

177,475