Franchise Logistics Limited,Ltd - AccountsLtd - Accounts

Franchise Logistics Limited,Ltd - AccountsLtd - Accounts

FRANCHISE LOGISTICS LIMITED - Company Information

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2020-10-01 05232441 2021-09-30 05232441 2020-10-01 2021-09-30 05232441 2020-09-30 05232441 2019-10-01 2020-09-30 05232441 uk-core:WithinOneYear 2020-09-30 05232441 uk-core:WithinOneYear 2021-09-30 05232441 uk-core:AfterOneYear 2020-09-30 05232441 uk-core:AfterOneYear 2021-09-30 05232441 uk-core:ShareCapital 2021-09-30 05232441 uk-core:ShareCapital 2020-09-30 05232441 uk-core:RetainedEarningsAccumulatedLosses 2021-09-30 05232441 uk-core:RetainedEarningsAccumulatedLosses 2020-09-30 05232441 uk-bus:Director1 2020-10-01 2021-09-30 05232441 uk-core:ToolsEquipment 2020-10-01 2021-09-30 05232441 uk-core:AfterOneYear uk-core:Secured 2021-09-30 05232441 uk-core:AfterOneYear uk-core:Secured 2020-09-30 iso4217:GBP xbrli:pure 05232441 uk-bus:AuditExemptWithAccountantsReport 2020-10-01 2021-09-30 05232441 uk-bus:FRS102 2020-10-01 2021-09-30 05232441 uk-bus:FullAccounts 2020-10-01 2021-09-30 05232441 uk-bus:PrivateLimitedCompanyLtd 2020-10-01 2021-09-30
Franchise Logistics Limited
Registered Number:05232441
For the year ended 30 September 2021
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2021
Franchise Logistics Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
05232441
As at 30 September 2021
Franchise Logistics Limited
Statement of Financial Position
£
£
2020
2021
Notes
Current assets
Trade and other receivables
54,308
30,976
2
66,598
Cash and cash equivalents
47,366
78,342
120,906
Trade and other payables: amounts falling due within one year
(32,702)
(16,632)
3
88,204
61,710
Net current assets
Total assets less current liabilities
61,710
88,204
Trade and other payables: amounts falling due after more than one year
(50,000)
(47,604)
4
14,106
Net assets
38,204
Capital and reserves
Called up share capital
1
1
Retained earnings
14,105
38,203
14,106
38,204
Shareholders' funds
For the year ended 30 September 2021 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 financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Andrew Needham Director
These financial statements were approved and authorised for issue by the Board on 30 August 2022 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 September 2021
Franchise Logistics Limited
Notes to the Financial Statements
Statutory Information
Franchise Logistics Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number 05232441.
Principal place of business:
Moorhead House
Moorhead Way, off Bawtry Road
Bramley
Rotherham
S66 1YY
Registered address:
Horizon House
2 Whiting Street
Sheffield
S8 9QR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have
been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Straight line
Computer equipment
2. Trade and other receivables
2020
2021
£
£
Trade debtors
15,169
39,104
Other debtors
15,807
15,204
54,308
30,976
2 of 3
5
For the year ended 30 September 2021
Franchise Logistics Limited
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Trade creditors
3,601
6,103
Taxation and social security
12,681
23,001
Other creditors
350
3,598
16,632
32,702
4. Trade and other payables: amounts falling due after more than one year
2020
2021
£
£
Bank loans and overdraft
47,604
50,000
5. Related party transactions
Consultancy fees of £36,000 (2020: £47,000) have been paid to a company owend in part by the director.
6. Average number of persons employed
During the year the average number of employees was 4 (2020 : 5)
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