FRMWRK Limited

FRMWRK Limited

FRMWRK LIMITED - Company Information

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Company Registration No. 10053391 (England and Wales)
FRMWRK Limited Unaudited accounts for the year ended 31 March 2019
FRMWRK Limited Unaudited accounts Contents
Page
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FRMWRK Limited Company Information for the year ended 31 March 2019
Director
Satyajit Kumar Das
Company Number
10053391 (England and Wales)
Registered Office
Studio 3 Chester House 1-3 Brixton Road London SW9 6DE
Accountants
B Ram & Co Anzeck Building Florence Street Bradford BD3 8EX
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FRMWRK Limited Statement of financial position as at 31 March 2019
2019 
2018 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
7,851 
4,821 
Current assets
Inventories
5
8,000 
- 
Debtors
6
14,565 
8,000 
Cash at bank and in hand
2,558 
44 
25,123 
8,044 
Creditors: amounts falling due within one year
7
(32,936)
(12,461)
Net current liabilities
(7,813)
(4,417)
Net assets
38 
404 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
28 
394 
Shareholders' funds
38 
404 
For the year ending 31 March 2019 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 8 October 2019.
Satyajit Kumar Das Director Company Registration No. 10053391
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FRMWRK Limited Notes to the Accounts for the year ended 31 March 2019
1
Statutory information
FRMWRK Limited is a private company, limited by shares, registered in England and Wales, registration number 10053391. The registered office is Studio 3 Chester House, 1-3 Brixton Road, London, SW9 6DE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Computer equipment
25% straight line
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FRMWRK Limited Notes to the Accounts for the year ended 31 March 2019
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2018
3,024 
5,427 
8,451 
Additions
2,633 
3,784 
6,417 
At 31 March 2019
5,657 
9,211 
14,868 
Depreciation
At 1 April 2018
1,323 
2,307 
3,630 
Charge for the year
1,084 
2,303 
3,387 
At 31 March 2019
2,407 
4,610 
7,017 
Net book value
At 31 March 2019
3,250 
4,601 
7,851 
At 31 March 2018
1,701 
3,120 
4,821 
5
Inventories
2019 
2018 
£ 
£ 
Work in progress
8,000 
- 
8,000 
- 
6
Debtors
2019 
2018 
£ 
£ 
Trade debtors
1,800 
- 
Other debtors
12,765 
8,000 
14,565 
8,000 
7
Creditors: amounts falling due within one year
2019 
2018 
£ 
£ 
Bank loans and overdrafts
17,259 
4,068 
Trade creditors
3,826 
- 
Taxes and social security
8,312 
3,914 
Other creditors
2,050 
3,890 
Loans from directors
539 
89 
Accruals
950 
500 
32,936 
12,461 
8
Average number of employees
During the year the average number of employees was 2 (2018: 1).
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