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Registered number: 07534226
The Frankincense Store Limited
UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
Prepared By:
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU
The Frankincense Store Limited
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
DIRECTORS
S Khan
REGISTERED OFFICE
First Floor 690 Great West Road
Osterley Village
Isleworth
TW7 4PU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07534226
ACCOUNTANTS
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU
The Frankincense Store Limited
ACCOUNTS
FOR THEYEARENDED31 MARCH 2025
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
The Frankincense Store Limited
BALANCE SHEET AT 31 March 2025
20252024
Notes££
FIXED ASSETS
Tangible assets319,8788,604
CURRENT ASSETS
Stock420,00030,000
Debtors517,25017,250
Cash at bank and in hand7,45429,176
44,70476,426
CREDITORS: Amounts falling due within one year657,86966,041
NET CURRENT (LIABILITIES) / ASSETS(13,165)10,385
TOTAL ASSETS LESS CURRENT LIABILITIES6,71318,989
CREDITORS: Amounts falling due after more than one year71,3686,816
NET ASSETS5,34512,173
CAPITAL AND RESERVES
Called up share capital811
Profit and loss account5,34412,172
SHAREHOLDERS' FUNDS5,34512,173
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 30 December 2025 and signed on their behalf by
.............................
S Khan
Director
The Frankincense Store Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
1e. Turnover
Turnover represents the value of goods supplied by the company, net of value added tax and trade discounts, and is recognised at point of sale
The Frankincense Store Limited
1f. Statutory Information
The Frankincense Store Limited is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 07534226 and registered office address is First Floor 690 Great West Road, Osterley Village, Isleworth, United Kingdom, TW7 4PU.
1g. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments.
2. EMPLOYEES
20252024
No.No.
Average number of employees33
3. TANGIBLE FIXED ASSETS
Plant and
MachineryTotal
££
Cost
At 1 April 202413,87713,877
Additions14,66414,664
At 31 March 202528,54128,541
Depreciation
At 1 April 20245,2735,273
For the year3,3903,390
At 31 March 20258,6638,663
Net Book Amounts
At 31 March 202519,87819,878
At 31 March 20248,6048,604
4. STOCK 20252024
££
Stock comprises:
Stock20,00030,000
20,00030,000
The Frankincense Store Limited
5. DEBTORS 20252024
££
Amounts falling due within one year
Other debtors11,25011,250
Prepayments6,0006,000
17,25017,250
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
Taxation and social security 2,7382,028
Directors current account46,66351,987
Bank Loan6,71310,366
Accruals1,7551,660
57,86966,041
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20252024
££
Bank loans (unsecured) >1yr1,3686,816
1,3686,816
8. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
1 Ordinary shares of £1.00 each11
11