| Malcolm Franke & Co Ltd |
| Registered number: |
05317279 |
| Balance Sheet |
| as at 31 December 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
2,675 |
|
|
2,778 |
|
| Current assets |
| Debtors |
5 |
|
26,119 |
|
|
36,610 |
| Bank current account |
|
|
22,042 |
|
|
19,480 |
| Bank deposit account |
|
|
2 |
|
|
2 |
|
|
|
48,163 |
|
|
56,092 |
|
| Creditors: amounts falling due within one year |
6 |
|
(25,767) |
|
|
(39,348) |
|
| Net current assets |
|
|
|
22,396 |
|
|
16,744 |
|
| Total assets less current liabilities |
|
|
|
25,071 |
|
|
19,522 |
|
|
| Provisions for liabilities |
|
|
|
(508) |
|
|
(528) |
|
|
| Net assets |
|
|
|
24,563 |
|
|
18,994 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
24,463 |
|
|
18,894 |
|
| Shareholders' funds |
|
|
|
24,563 |
|
|
18,994 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| M D Franke |
| Director |
|
| Date: 8 January 2026 |
|
| Malcolm Franke & Co Ltd |
| Notes to the Accounts |
| for the year ended 31 December 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows: |
|
|
Storage unit |
10% of reducing balance |
|
Office furniture |
25% of reducing balance |
|
Fixtures, fittings, tools and equipment |
50% of reducing balance |
|
|
Debtors |
|
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 January 2025 |
16,475 |
|
At 31 December 2025 |
16,475 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 January 2025 |
16,475 |
|
At 31 December 2025 |
16,475 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Goodwill was written off in full in the year of acquisition to match the taxation treatment. |
|
|
| 4 |
Tangible fixed assets |
|
|
Storage unit |
|
Office furniture |
|
IT equipment |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 January 2025 |
4,242 |
|
1,581 |
|
1,382 |
|
7,205 |
|
Additions |
- |
|
- |
|
499 |
|
499 |
|
Disposals |
- |
|
(159) |
|
- |
|
(159) |
|
At 31 December 2025 |
4,242 |
|
1,422 |
|
1,881 |
|
7,545 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2025 |
1,738 |
|
1,363 |
|
1,326 |
|
4,427 |
|
Charge for the year |
250 |
|
47 |
|
277 |
|
574 |
|
On disposals |
- |
|
(131) |
|
- |
|
(131) |
|
At 31 December 2025 |
1,988 |
|
1,279 |
|
1,603 |
|
4,870 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2025 |
2,254 |
|
143 |
|
278 |
|
2,675 |
|
At 31 December 2024 |
2,504 |
|
218 |
|
56 |
|
2,778 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
9,480 |
|
25,668 |
|
Accrued fee income |
|
|
|
|
16,389 |
|
10,692 |
|
Other debtors and prepayments |
|
|
|
|
250 |
|
250 |
|
|
|
|
|
|
26,119 |
|
36,610 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Director's loan |
|
|
|
|
11,877 |
|
23,591 |
|
Corporation tax |
8,363 |
|
8,219 |
|
PAYE and VAT |
4,709 |
|
6,661 |
|
Other creditors and accruals |
818 |
|
877 |
|
|
|
|
|
|
25,767 |
|
39,348 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
Malcolm Franke & Co Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Campania, Links Road |
|
South Milton |
|
Kingsbridge |
|
Devon |
|
TQ7 3JR |