REGISTERED NUMBER: 08744541 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Frescrete Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C P Maltby

I V Staines

REGISTERED OFFICE:

Unit 2

Springwell Court

Leeds

England

LS12 1AL

REGISTERED NUMBER:

08744541 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

Richmond House

Lawnswood Business Park

Redvers Close

Leeds

West Yorkshire

LS16 6QY

FIXED ASSETS

Tangible assets

4

251,898

213,251

CURRENT ASSETS

Stocks

840

2,209

Debtors

5

1,429,515

1,317,419

Cash at bank and in hand

281,076

20,334

1,711,431

1,339,962

CREDITORS

Amounts falling due within one year

6

483,307

408,294

NET CURRENT ASSETS

1,228,124

931,668

TOTAL ASSETS LESS CURRENT LIABILITIES

1,480,022

1,144,919

CREDITORS

Amounts falling due after more than one year

7

(96,065

)

(87,800

)

PROVISIONS FOR LIABILITIES

(62,332

)

(52,629

)

NET ASSETS

1,321,625

1,004,490

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,321,525

1,004,390

SHAREHOLDERS' FUNDS

1,321,625

1,004,490

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 December 2025 and were signed on its behalf by:

I V Staines - Director

C P Maltby - Director

1.	STATUTORY INFORMATION

Frescrete 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 comprises the value of sales (excluding VAT) of goods and services provided in the normal course of business. Revenue is recognised when the company obtains the right to receive consideration for services provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% 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.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2024

7,170

310,452

317,622

Additions

-

156,190

156,190

Disposals

-

(110,825

)

(110,825

)

At 31 December 2024

7,170

355,817

362,987

DEPRECIATION

At 1 January 2024

7,170

97,201

104,371

Charge for year

-

74,201

74,201

Eliminated on disposal

-

(67,483

)

(67,483

)

At 31 December 2024

7,170

103,919

111,089

NET BOOK VALUE

At 31 December 2024

-

251,898

251,898

At 31 December 2023

-

213,251

213,251

The net book value of assets held under hire purchase agreements at 31st December 2024 is £197,459 (2023: £136,939).

5.

DEBTORS

31.12.24

31.12.23

£

£

Amounts falling due within one year:

Trade debtors

84,297

140,413

Amounts recoverable on contract

36,589

87,174

Other debtors

1,254,589

1,056,416

1,375,475

1,284,003

Amounts falling due after more than one year:

Other debtors

54,040

33,416

Aggregate amounts

1,429,515

1,317,419

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

86,741

46,122

Trade creditors

59,481

21,994

Taxation and social security

151,663

70,873

Other creditors

175,422

259,305

483,307

408,294

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

5,000

15,000

Hire purchase contracts

91,065

72,800

96,065

87,800

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 December 2024 and the period ended 31 December 2023:

31.12.24

31.12.23

£

£

C P Maltby

Balance outstanding at start of year

51,283

51,014

Amounts advanced

21,300

1,269

Amounts repaid

(500

)

(1,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

72,083

51,283

I V Staines

Balance outstanding at start of year

51,834

21,418

Amounts advanced

171,884

92,416

Amounts repaid

(110,000

)

(62,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

113,718

51,834

Interest is charged on overdrawn loan accounts at the official rate.