REGISTERED NUMBER: 13668656 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2025

FOR

FARNDON FRAMES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms B Davies

M Walmsley

REGISTERED OFFICE:

Riverside House

River Lane

Saltney

Chester

Flintshire

CH4 8RQ

REGISTERED NUMBER:

13668656 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

Chartered Accountants

25 Grosvenor Road

Wrexham

LL11 1BT

BANKERS:

Mettle Bank

FIXED ASSETS

Tangible assets

4

21,977

22,187

CURRENT ASSETS

Stocks

5

15,241

13,587

Debtors

6

9,683

5,465

Cash at bank and in hand

7,780

7,289

32,704

26,341

CREDITORS

Amounts falling due within one year

7

69,569

72,789

NET CURRENT LIABILITIES

(36,865

)

(46,448

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(14,888

)

(24,261

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

(14,988

)

(24,361

)

SHAREHOLDERS' FUNDS

(14,888

)

(24,261

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th October 2026 and were signed on its behalf by:

M Walmsley - Director

1.	STATUTORY INFORMATION

Farndon Frames 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.

The financial statements have been prepared on a going concern basis on the assumption that the support of the providers of finance will be continued. The providers of finance are the controlling director and shareholder. If this support is withdrawn, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and current liabilities.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

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 Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1st November 2024

24,876

3,751

8,000

36,627

Additions

10,247

1,069

-

11,316

Disposals

-

-

(8,000

)

(8,000

)

At 31st October 2025

35,123

4,820

-

39,943

DEPRECIATION

At 1st November 2024

10,979

1,461

2,000

14,440

Charge for year

4,853

673

-

5,526

Eliminated on disposal

-

-

(2,000

)

(2,000

)

At 31st October 2025

15,832

2,134

-

17,966

NET BOOK VALUE

At 31st October 2025

19,291

2,686

-

21,977

At 31st October 2024

13,897

2,290

6,000

22,187

5.

STOCKS

31.10.25

31.10.24

£

£

Stocks

15,241

10,550

Work-in-progress

-

3,037

15,241

13,587

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

6,015

672

Deferred tax asset

3,668

4,793

9,683

5,465

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade creditors

567

3,183

Social security and other taxes

307

1,165

Wages control account

2,872

1,718

Directors' current accounts

53,026

54,903

Accrued expenses

12,797

11,820

69,569

72,789

8.	DEFERRED TAX

£

Balance at 1st November 2024

(4,793

)

movement in the year due to:

changes in tax allowances

2,752

changes in tax losses

(1,627

)

Balance at 31st October 2025

(3,668

)

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

£

100

Ordinary

£1

100

100

10.	CAPITAL COMMITMENTS

31.10.25

31.10.24

£

£

Contracted but not provided for in the

financial statements

-

-

11.	ULTIMATE CONTROLLING PARTY

The controlling party is M Walmsley.