REGISTERED NUMBER: 13622680 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2024

for

FRALF LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

D P W Johnson

Mrs K J Johnson

REGISTERED OFFICE:

4 Sudley Road

Bognor Regis

West Sussex

PO21 1EU

REGISTERED NUMBER:

13622680 (England and Wales)

ACCOUNTANTS:

Adams Beeny Limited

4 Sudley Road

Bognor Regis

West Sussex

PO21 1EU

FIXED ASSETS

Tangible assets

4

-

1,334

CURRENT ASSETS

Debtors

5

6,300

336

Cash at bank

10,290

13,105

16,590

13,441

CREDITORS

Amounts falling due within one year

6

5,043

1,584

NET CURRENT ASSETS

11,547

11,857

TOTAL ASSETS LESS CURRENT LIABILITIES

11,547

13,191

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7

11,447

13,091

11,547

13,191

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 July 2025 and were signed on its behalf by:

Mrs K J Johnson - Director

1.	STATUTORY INFORMATION

Fralf 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.

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

-

33% on cost

Computer equipment

-

33% on 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 October 2023

and 30 September 2024

500

3,500

4,000

DEPRECIATION

At 1 October 2023

333

2,333

2,666

Charge for year

167

1,167

1,334

At 30 September 2024

500

3,500

4,000

NET BOOK VALUE

At 30 September 2024

-

-

-

At 30 September 2023

167

1,167

1,334

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade debtors

6,300

-

VAT

-

336

6,300

336

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

£

Trade creditors

2,100

-

Tax

(523

)

(523

)

Social security and other taxes

(643

)

(643

)

VAT

759

-

Directors' current accounts

2,350

1,750

Accrued expenses

1,000

1,000

5,043

1,584

7.

RESERVES

Retained

earnings

£

At 1 October 2023

13,091

Deficit for the year

(1,644

)

At 30 September 2024

11,447

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24

30.9.23

£

£

D P W Johnson and Mrs K J Johnson

Balance outstanding at start of year

(1,750

)

(1,150

)

Amounts repaid

(600

)

(600

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,350

)

(1,750

)

The loan is interest free and repayable upon demand.