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Registration number: 15020499

Frame & Swift Limited

Contents

Abridged Balance Sheet	1 to 2
Notes to the Unaudited Abridged Financial Statements	3 to 4

Frame & Swift Limited

(Registration number: 15020499)
Abridged Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	939,646	266,035
Current assets
Stocks		114,002	98,878
Debtors		418,232	785,756
Cash at bank and in hand		99,903	252,873
		632,137	1,137,507
Creditors: Amounts falling due within one year		(697,912)	(878,716)
Net current (liabilities)/assets		(65,775)	258,791
Total assets less current liabilities		873,871	524,826
Provisions for liabilities		(32,443)	(4,949)
Net assets		841,428	519,877
Capital and reserves
Called up share capital		175	175
Profit and loss account		841,253	519,702
Total equity		841,428	519,877

For the financial year ending 31 August 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 of its accounts for the year in question in accordance with section 476; and
	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Frame & Swift Limited

(Registration number: 15020499)
Abridged Balance Sheet as at 31 August 2025

Approved and authorised by the Board on 28 May 2026 and signed on its behalf by:
 

Ms R J Tennant

Director

Mr J Watson

Director

Mr R G Anderton

Director

Mr M D Rook

Director

Mrs A J Wolfe

Director

Mr S D Galloway

Director

Mr J B Place

Director

Frame & Swift Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
The Veterinary Centre
Clydesdale House
Carleton Hill Road
Penrith
Cumbria
CA11 8WU

2	Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	10% reducing balance
Leasehold property	10% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell.

Frame & Swift Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2024 - 7).

4	Tangible assets

	Long leasehold land and buildings £	Total £
Cost or valuation
At 1 September 2024	-	295,798
Additions	657,000	822,489
Disposals	-	(44,674)
At 31 August 2025	657,000	1,073,613
Depreciation
At 1 September 2024	-	29,762
Charge for the year	65,700	104,579
Eliminated on disposal	-	(374)
At 31 August 2025	65,700	133,967
Carrying amount
At 31 August 2025	591,300	939,646
At 31 August 2024	-	266,035

Included within the net book value of land and buildings above is £591,300 (2024 - £Nil) in respect of long leasehold land and buildings.