Frenitalia Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 03454375

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		45,637		54,182

			45,637		54,182
CURRENT ASSETS
Stocks	5	89,065		102,042
Debtors	6	77,959		67,480
Cash at bank and in hand		20,458		35,889

		187,482		205,411
Creditors: Amounts Falling Due Within One Year	7	(87,441 )		(79,676 )

NET CURRENT ASSETS (LIABILITIES)			100,041		125,735

TOTAL ASSETS LESS CURRENT LIABILITIES			145,678		179,917

Creditors: Amounts Falling Due After More Than One Year	8		(83,775 )		(102,244 )

NET ASSETS			61,903		77,673

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			61,803		77,573

SHAREHOLDERS' FUNDS			61,903		77,673

Page 1

Page 2

Frenitalia Limited

Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr R Cappucci

Director

29/11/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Frenitalia Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03454375 . The registered office is Unit 9, Taylor Court, Carrs Industrial Estate, Haslingden, Lancashire, BB4 5LA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% on reducing balance
Motor Vehicles	25% on reducing balance
Fixtures & Fittings	15% on reducing balance
Office Equipment	15% on reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

Page 3

Page 4

Frenitalia Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 29 February 2024	575	363	31,885	46,660
Additions	-	-	-	-

As at 28 February 2025	575	363	31,885	46,660

Depreciation
As at 29 February 2024	-	286	19,428	17,211
Provided during the period	-	12	3,114	4,417

As at 28 February 2025	-	298	22,542	21,628

Net Book Value
As at 28 February 2025	575	65	9,343	25,032

As at 29 February 2024	575	77	12,457	29,449


	Office Equipment	Total
	£	£
Cost
As at 29 February 2024	72,327	151,810
Additions	873	873

As at 28 February 2025	73,200	152,683

Depreciation
As at 29 February 2024	60,703	97,628
Provided during the period	1,875	9,418

As at 28 February 2025	62,578	107,046

Net Book Value
As at 28 February 2025	10,622	45,637

As at 29 February 2024	11,624	54,182

5. Stocks

	2025	2024
	£	£
Stock	89,065	102,042

Page 4

Page 5

Frenitalia Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	74,342	65,232
Prepayments and accrued income	361	361
Other debtors	3,256	1,887

	77,959	67,480

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	51,596	62,292
Other taxes and social security	608	574
VAT	13,737	15,375
Accruals	1,500	1,435
Director's loan account	20,000	-

	87,441	79,676

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	83,775	102,244

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Reserves

	Profit and Loss Account
	£
As at 29 February 2024	77,573
Profit for the year and total comprehensive income	37,201

Dividends paid	(52,971)

As at 28 February 2025	61,803

Page 5