REGISTERED NUMBER: 11051517 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

FRANKIE STEW AND HARVEY GUNN LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H E Gunn-Humphryes

F T Stew

REGISTERED OFFICE:

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

REGISTERED NUMBER:

11051517 (England and Wales)

ACCOUNTANTS:

Plus Accounting

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

FIXED ASSETS

Tangible assets

4

2,859

4,245

CURRENT ASSETS

Stocks

2,346

2,159

Debtors

5

123,991

100,399

Cash at bank

1,128

11,216

127,465

113,774

CREDITORS

Amounts falling due within one year

6

(58,487

)

(55,126

)

NET CURRENT ASSETS

68,978

58,648

TOTAL ASSETS LESS CURRENT LIABILITIES

71,837

62,893

CREDITORS

Amounts falling due after more than one year

7

(1,250

)

(4,250

)

PROVISIONS FOR LIABILITIES

8

(715

)

(1,061

)

NET ASSETS

69,872

57,582

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

69,870

57,580

SHAREHOLDERS' FUNDS

69,872

57,582

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 18 December 2025 and were signed on its behalf by:

H E Gunn-Humphryes - Director

1.	STATUTORY INFORMATION

Frankie Stew And Harvey Gunn Ltd 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.

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 is derived from royalty income and from the sale of merchandise. Revenue derived from royalties is recognised in the period to which it relates. Revenue from the sale of merchandise is recognised when the substantial risks and rewards of ownership are transferred from the company to the customer.

Tangible fixed assets

Tangible fixed assets are stated at cost, or deemed cost, less accumulated depreciation and accumulated

impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

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

Fixtures & fittings

20% straight line

Computer equipment

20% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks

over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or

loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.

Foreign currencies

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Impairment

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

806

9,001

9,807

DEPRECIATION

At 1 April 2024

367

5,195

5,562

Charge for year

138

1,248

1,386

At 31 March 2025

505

6,443

6,948

NET BOOK VALUE

At 31 March 2025

301

2,558

2,859

At 31 March 2024

439

3,806

4,245

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

11,161

5,444

Other debtors

112,830

94,955

123,991

100,399

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

3,000

3,000

Trade creditors

2,309

2,681

Taxation and social security

28,751

33,487

Other creditors

24,427

15,958

58,487

55,126

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,250

4,250

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

715

1,061

Deferred tax

£

Balance at 1 April 2024

1,061

Provided during year

(346

)

Accelerated capital allowances

Balance at 31 March 2025

715

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

1

2

2

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2025 and the period ended 31 March 2024:

2025

2024

£

£

H E Gunn-Humphryes

Balance outstanding at start of year

17,826

13,157

Amounts advanced

45,745

45,107

Amounts repaid

(35,097

)

(40,438

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

28,474

17,826

F T Stew

Balance outstanding at start of year

11,148

6,019

Amounts advanced

48,208

45,366

Amounts repaid

(30,882

)

(40,237

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

28,474

11,148

The loans are repayable on demand and interest of £581 (2024: £792) has been charged at HMRC's official interest rates of 2.25%.