Company Registration No. 10195240 (England and Wales)
Franklin James Credit Management Limited
Unaudited accounts
for the year ended 31 May 2020
Franklin James Credit Management Limited
Unaudited accounts
Contents
Franklin James Credit Management Limited
Company Information
for the year ended 31 May 2020
Directors
Sharon Elizabeth Stevens
Paula Louise Bolton
Company Number
10195240 (England and Wales)
Registered Office
Sanderum House
38 Oakley Road
Chinnor
Oxfordshire
OX39 4TW
England
Accountants
Goddards Accountants Walton Ltd
Spirit House
8 High Street
West Molesey
Surrey
KT8 2NA
Franklin James Credit Management Limited
Statement of financial position
as at 31 May 2020
Intangible assets
1,735
859
Cash at bank and in hand
2,323
1,467
Creditors: amounts falling due within one year
(19,903)
(25,014)
Net current liabilities
(2,459)
(15,370)
Net assets/(liabilities)
747
(14,108)
Called up share capital
1,000
100
Profit and loss account
(253)
(14,208)
Shareholders' funds
747
(14,108)
For the year ending 31 May 2020 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 directors acknowledge their 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.
The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2020 and were signed on its behalf by
Sharon Elizabeth Stevens
Director
Company Registration No. 10195240
Franklin James Credit Management Limited
Notes to the Accounts
for the year ended 31 May 2020
Franklin James Credit Management Limited is a private company, limited by shares, registered in England and Wales, registration number 10195240. The registered office is Sanderum House, 38 Oakley Road, Chinnor, Oxfordshire, OX39 4TW, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Intangible fixed assets
Other
Franklin James Credit Management Limited
Notes to the Accounts
for the year ended 31 May 2020
5
Tangible fixed assets
Plant & machinery
Trade debtors
15,121
8,177
7
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
3,195
3,775
Trade creditors
2,976
3,020
Taxes and social security
3,877
3,000
Loans from directors
10,569
14,764
8
Average number of employees
During the year the average number of employees was 2 (2019: 0).
