RHH Franks Limited - Filleted accounts

Registered number

00690175

RHH Franks Limited

Unaudited Filleted Accounts

28 February 2026

RHH Franks Limited
Statement of Financial Position
as at 28 February 2026

Notes			2026			2025
(Restated)
£				£
Fixed assets
Tangible assets	5		471,166			432,405

Current assets
Stocks		1,838,938			1,070,294
Debtors	6	1,125,131			862,456
Cash at bank and in hand		49,441			332,559
		3,013,510			2,265,309

Creditors: amounts falling due within one year	7	(2,069,198)			(1,485,772)

Net current assets			944,312			779,537

Total assets less current liabilities			1,415,478			1,211,942

Creditors: amounts falling due after more than one year	8		(345,357)			(316,116)

Provisions for liabilities			(62,312)			(14,693)


Net assets			1,007,809			881,133

Capital and reserves
Called up share capital			1,823			2,061
Capital redemption reserve			239			239
Reserve for own shares	10		(175,000)			(175,000)
Profit and loss account			1,180,747			1,053,833

Shareholders' funds			1,007,809			881,133

Details of the prior period restatement are included in note 4.

The directors are 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 directors acknowledge their 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.




L Bates
Director
Approved by the board on 28 October 2026

Company registration number:		00690175

RHH Franks Limited
Notes to the Accounts
for the year ended 28 February 2026


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).

	Going concern
	The financial statements have been prepared on a going concern basis. The directors have prepared forecasts for a period of greater than one year from the signature of the financial statements and believe that the company will be able to continue in operational existence.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings			6% straight line
	Plant and machinery			6-33% straight line
	Motor vehicles			25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
	On a monthly basis all stock is reviewed for old and slow moving stock and a provision is made to reflect those items where it is the opinon of the Directors that the net realisable value of the stock is lower than the historical cost.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight line basis.

	Government grants
	Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

	Government grants are recognised using the accrual model and the performance model.

	Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

	Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.

	Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					49		46


3	Profit before taxation					2026		2025
£							£
	Profit before taxation is stated after charging:

	Depreciation of intangible assets					59,344		62,085


4	Prior period restatement

	During the year, it was decided in the Company Court that a purchase of own shares included within the 2017 accounts was void and as such this transaction has been reversed in the financial statements. The comparative figures in the primary statements and notes have been restated to reflect the prior period error. The effects of the prior period error are summarised below:
								2025
	Balance sheet							£
	Share capital							(238)
	Profit and loss account							238
								-

5	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 March 2025	603,080		1,690,364		32,661		2,326,105
	Additions	71,875		26,230		-		98,105
	Disposals	-		(5,095)		-		(5,095)
	At 28 February 2026	674,955		1,711,499		32,661		2,419,115

	Depreciation
	At 1 March 2025	410,102		1,453,153		30,445		1,893,700
	Charge for the year	20,669		38,123		552		59,344
	On disposals	-		(5,095)		-		(5,095)
	At 28 February 2026	430,771		1,486,181		30,997		1,947,949

	Net book value
	At 28 February 2026	244,184		225,318		1,664		471,166
	At 28 February 2025	192,978		237,211		2,216		432,405


6	Debtors					2026		2025
£							£

	Trade debtors					994,479		726,762
	Other debtors					130,652		135,694
						1,125,131		862,456

7	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					969,959		817,482
	Obligations under finance lease and hire purchase contracts					50,292		43,583
	Trade creditors					331,103		153,537
	Amounts owed to group undertakings and undertakings in which the company has a participating interest					100,000		-
	Accruals and deferred income					391,796		112,079
	Taxation and social security costs					177,200		256,708
	Other creditors					48,848		102,383
						2,069,198		1,485,772

	Within Bank Loans and overdrafts there is a balance due to the invoice financing company amounting to £899,959 (2025: £747,482). The balance due to the invoice financing company is secured by means of an all-assets debenture.

	Bank loans and overdrafts include £70,000 in respect of a loan under the Coronavirus Business Interruption Loan Scheme ("CBILS") (2025: £70,000). The CBILS is guaranteed by the government, bears interest at bank base rate plus 1.82% and is repayable over 6 years.

	The bank overdraft facility of £10,000 is secured by a fixed and floating charge over the assets of the company. The facility was not used during the year.

8	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					6,152		75,833
	Obligations under finance lease and hire purchase contracts					136,448		125,499
	Stock provision					202,757		114,784
						345,357		316,116

	Bank loans and overdrafts include £6,152 in respect of a loan under the Coronavirus Business Interruption Loan Scheme ("CBILS") (2025: £75,833). The CBILS is guaranteed by the government, bears interest at bank base rate plus 1.82% and is repayable over 6 years.

9	Finance lease and hire purchase contracts

	The total future minimum lease payments under finance lease and hire purchase contracts are as follows:
						2026		2025
£							£
	Not later than 1 year					50,292		43,583
	Later than 1 year and not later than 5 years					136,449		125,499
						186,741		169,082


10	Reserve for own shares					2026		2025
£							£

	At 1 March 2025					175,000		175,000

	At 28 February 2026					175,000		175,000


11	Other financial commitments					2026		2025
£							£

	Total future minimum payments under non-cancellable operating leases					928,333		1,478,583


	The lease for the property 96 Gore Road has a rent deposit deed to the value of £57,281.75 which is secured by the funds in the RHH Franks Reserve Account.

12	Loans from/(to) directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mrs A J House (Resigned 3 February 2026)
		50,000		(50,000)		-		-

		50,000		(50,000)		-		-

	The loan was unsecured and interest free.

13	Controlling party

	With effect from 3 February 2026 RHH Franks Limited became a wholly owned subsidiary of LT3B Limited, a company incorporated in England and Wales under number 16682043 .


14	Other information

	RHH Franks Limited is a private company limited by shares and incorporated in England. Its registered office is:
	96 Gore Road
	Gore Road Industrial Estate
	New Milton
	BH25 6SA