REGISTERED NUMBER: 00442489 (England and Wales)

F.w. Frost (Engineers) Limited

Unaudited Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

J G Frost

R C Frost

H R Frost

M A Frost

Secretary:

H R Frost

Registered office:

Drayton Works, Bidewell Close

High Road

Drayton

Norfolk

NR8 6AP

Registered number:

00442489 (England and Wales)

Accountants:

Fairhead Bradford

5 Queen Street

Great Yarmouth

Norfolk

NR30 2QP

Fixed assets

Tangible assets

4

783,629

775,702

Investment property

5

700,000

700,000

1,483,629

1,475,702

Current assets

Debtors

6

1,139,767

1,485,518

Cash at bank and in hand

847,650

570,120

1,987,417

2,055,638

Creditors

Amounts falling due within one year

7

698,244

825,141

Net current assets

1,289,173

1,230,497

Total assets less current liabilities

2,772,802

2,706,199

Provisions for liabilities

(136,064

)

(106,094

)

Accruals and deferred income

(1,886

)

(4,233

)

Net assets

2,634,852

2,595,872

Capital and reserves

Called up share capital

5,000

5,000

Revaluation reserve

8

479,773

479,773

Retained earnings

2,150,079

2,111,099

Shareholders' funds

2,634,852

2,595,872

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 15 September 2025 and were signed on its behalf by:

J G Frost - Director

R C Frost - Director

1.	Statutory information

F.w. Frost (Engineers) 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 as modified by the revaluation of certain assets.

Turnover

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

Turnover represents sales at invoice value excluding value added tax.

Sales income represents revenue earned under a variety of contracts to provide services. Revenue is recognised as earned when, and to the extent that, the company earns the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to customers, including expenses but excluding value added tax.

Revenue is recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts, the amount of revenue reflects the accrual for the right to consideration by reference to the value of work performed. Revenue not billed to customers in included in other debtors.

Sales income that is contingent on events outside the control of the company are recognised when the contingent event occurs.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation, with the exception of the company's freehold land and property which has not been depreciated on the grounds that it is maintained to such a standard that the residual value of the property when compared to cost would mean that any depreciation to be charged over the useful economic life of the asset would not be material.

Depreciation is calculated on other fixed assets so as to write off the cost or valuation of the asset, less its estimated residual value, over the useful economic life as follows:-

Plant and machinery - 15% reducing balance

Motor vehicles - 25% reducing balance

Office and computer equipment - 15% and 30% reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Rental income

Rental income is recognised in the period in which it is earned in accordance with the terms of the lease. It is stated net of insurance and repair costs incurred by the company.

Grants receivable

Grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

3.	Employees and directors

The average number of employees during the year was 38 (2023 - 36 ) .

4.	Tangible fixed assets

Office

and

Freehold

Plant and

Motor

computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1 January 2024

167,726

2,057,392

348,364

9,383

2,582,865

Additions

-

60,022

116,058

-

176,080

Disposals

-

(46,655

)

(94,799

)

-

(141,454

)

At 31 December 2024

167,726

2,070,759

369,623

9,383

2,617,491

Depreciation

At 1 January 2024

-

1,600,605

197,573

8,985

1,807,163

Charge for year

-

77,750

60,026

85

137,861

Eliminated on disposal

-

(43,122

)

(68,040

)

-

(111,162

)

At 31 December 2024

-

1,635,233

189,559

9,070

1,833,862

Net book value

At 31 December 2024

167,726

435,526

180,064

313

783,629

At 31 December 2023

167,726

456,787

150,791

398

775,702

5.	Investment property

Total

£

Fair value

At 1 January 2024

and 31 December 2024

700,000

Net book value

At 31 December 2024

700,000

At 31 December 2023

700,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2017

525,077

Cost

174,923

700,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31/12/24

31/12/23

£

£

Cost

174,923

174,923

The investment property was valued on an open market basis on 24 January 2018 by W J Walker Chartered Surveyors .

In the opinion of the directors' there has been no change in the valuation of the properties during the year.

6.

Debtors: amounts falling due within one year

31/12/24

31/12/23

£

£

Trade debtors

565,850

691,128

Other debtors

573,917

794,390

1,139,767

1,485,518

7.

Creditors: amounts falling due within one year

31/12/24

31/12/23

£

£

Trade creditors

94,265

266,278

Taxation and social security

207,480

140,355

Other creditors

396,499

418,508

698,244

825,141

8.

Reserves

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

479,773