REGISTERED NUMBER: 00837346 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

FRANKLIN SILENCERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Bateman

Mr D Bateman

SECRETARY:

Mr J Bateman

REGISTERED OFFICE:

1 Grafton Place

Grafton Street Industrial Estate

Northampton

Northamptonshire

NN1 2PS

REGISTERED NUMBER:

00837346 (England and Wales)

ACCOUNTANTS:

TC Group

1 Rushmills

Bedford Road

Northampton

Northamptonshire

NN4 7YB

FIXED ASSETS

Tangible assets

4

778,604

843,691

CURRENT ASSETS

Stocks

270,714

248,692

Debtors

5

628,644

576,012

Cash at bank and in hand

15,280

25,931

914,638

850,635

CREDITORS

Amounts falling due within one year

6

945,189

693,289

NET CURRENT (LIABILITIES)/ASSETS

(30,551

)

157,346

TOTAL ASSETS LESS CURRENT LIABILITIES

748,053

1,001,037

CREDITORS

Amounts falling due after more than one year

7

(55,826

)

(64,488

)

PROVISIONS FOR LIABILITIES

(59,297

)

(67,614

)

NET ASSETS

632,930

868,935

CAPITAL AND RESERVES

Called up share capital

9

10,000

10,000

Revaluation reserve

156,491

156,491

Capital redemption reserve

607

607

Retained earnings

465,832

701,837

SHAREHOLDERS' FUNDS

632,930

868,935

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 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 2 December 2025 and were signed on its behalf by:

Mr J Bateman - Director

1.	STATUTORY INFORMATION

Franklin Silencers 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 as modified by the revaluation of certain assets.

Turnover

In accordance with the principles of revenue recognition as stated in FRS 102, turnover is calculated by reference to the transfer of the risks and rewards of ownership of the goods and to the stage of completion of the transaction as at the end of the accounting period, including estimates of amounts not yet invoiced.

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.

Freehold property

-

The shorter of 25 years and the lease

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.

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 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.

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.

Going concern

The financial statements have been prepared on a going concern basis although the balance sheet displayed a negative amount of at the balance sheet date. The directors has confirmed continued support to the company and will ensure the company retains sufficient working capital to continue trading for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2024 - 46 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

683,075

2,538,067

53,490

3,274,632

Additions

-

2,697

44,338

47,035

Disposals

-

-

(26,995

)

(26,995

)

At 31 March 2025

683,075

2,540,764

70,833

3,294,672

DEPRECIATION

At 1 April 2024

247,173

2,138,127

45,641

2,430,941

Charge for year

6,831

100,659

1,889

109,379

Eliminated on disposal

-

-

(24,252

)

(24,252

)

At 31 March 2025

254,004

2,238,786

23,278

2,516,068

NET BOOK VALUE

At 31 March 2025

429,071

301,978

47,555

778,604

At 31 March 2024

435,902

399,940

7,849

843,691

Freehold property is included at a valuation by Messrs Hadland, Chartered Surveyors, on 17 March 1989 plus subsequent improvements at cost. This valuation has not been updated in accordance with the transitional provisions of FRS 102.

Tangible fixed assets included at a valuation would have been included on a historical cost basis at:

Cost £526,583 (2024: £526,583)

Depreciation £193,898 (2024: £183,867)

Net book value £337,950 (2024: £332,685)

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

Plant and

machinery

£

COST

At 1 April 2024

and 31 March 2025

203,666

DEPRECIATION

At 1 April 2024

50,917

Charge for year

38,187

At 31 March 2025

89,104

NET BOOK VALUE

At 31 March 2025

114,562

At 31 March 2024

152,749

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

601,292

546,367

Other debtors

27,352

29,645

628,644

576,012

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

428,172

319,275

Hire purchase contracts

51,484

60,594

Trade creditors

363,297

217,613

Taxation and social security

90,169

86,740

Other creditors

12,067

9,067

945,189

693,289

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,611

13,004

Hire purchase contracts

53,215

51,484

55,826

64,488

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

104,699

112,078

Discounted debt advance

417,779

309,082

522,478

421,160

The bank overdraft is secured by a debenture incorporating a fixed and floating charge over the commercial freehold property and all book debts and other debts of the company.

The advance in respect of discounted debt is secured by a legal charge incorporating a fixed and floating charge over the commercial freehold property and all book debts and other debts of the company.

The hire purchase contracts are secured on the assets to which they relate.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

10,000

Ordinary

£1

10,000

10,000