W R FROST & CO LIMITED

W R FROST & CO LIMITED - Company Information

2020-04-012021-03-312021-03-31false05384849W R FROST & CO LIMITED2021-12-2969201iso4217:GBPxbrli:pure053848492020-04-01053848492021-03-31053848492020-04-012021-03-31053848492019-04-01053848492020-03-31053848492019-04-012020-03-3105384849bus:SmallEntities2020-04-012021-03-3105384849bus:AuditExempt-NoAccountantsReport2020-04-012021-03-3105384849bus:AbridgedAccounts2020-04-012021-03-3105384849bus:PrivateLimitedCompanyLtd2020-04-012021-03-3105384849core:WithinOneYear2021-03-3105384849core:AfterOneYear2021-03-3105384849core:WithinOneYear2020-03-3105384849core:AfterOneYear2020-03-3105384849core:ShareCapital2021-03-3105384849core:SharePremium2021-03-3105384849core:RevaluationReserve2021-03-3105384849core:OtherReservesSubtotal2021-03-3105384849core:RetainedEarningsAccumulatedLosses2021-03-3105384849core:ShareCapital2020-03-3105384849core:SharePremium2020-03-3105384849core:RevaluationReserve2020-03-3105384849core:OtherReservesSubtotal2020-03-3105384849core:RetainedEarningsAccumulatedLosses2020-03-3105384849core:LandBuildings2021-03-3105384849core:PlantMachinery2021-03-3105384849core:Vehicles2021-03-3105384849core:FurnitureFittings2021-03-3105384849core:OfficeEquipment2021-03-3105384849core:NetGoodwill2021-03-3105384849core:IntangibleAssetsOtherThanGoodwill2021-03-3105384849core:ListedExchangeTraded2021-03-3105384849core:UnlistedNon-exchangeTraded2021-03-3105384849core:LandBuildings2020-03-3105384849core:PlantMachinery2020-03-3105384849core:Vehicles2020-03-3105384849core:FurnitureFittings2020-03-3105384849core:OfficeEquipment2020-03-3105384849core:NetGoodwill2020-03-3105384849core:IntangibleAssetsOtherThanGoodwill2020-03-3105384849core:ListedExchangeTraded2020-03-3105384849core:UnlistedNon-exchangeTraded2020-03-3105384849core:LandBuildings2020-04-012021-03-3105384849core:PlantMachinery2020-04-012021-03-3105384849core:Vehicles2020-04-012021-03-3105384849core:FurnitureFittings2020-04-012021-03-3105384849core:OfficeEquipment2020-04-012021-03-3105384849core:NetGoodwill2020-04-012021-03-3105384849core:IntangibleAssetsOtherThanGoodwill2020-04-012021-03-3105384849core:ListedExchangeTraded2020-04-012021-03-3105384849core:UnlistedNon-exchangeTraded2020-04-012021-03-3105384849core:MoreThanFiveYears2020-04-012021-03-3105384849core:Non-currentFinancialInstruments2021-03-3105384849core:Non-currentFinancialInstruments2020-03-3105384849dpl:CostSales2020-04-012021-03-3105384849dpl:DistributionCosts2020-04-012021-03-3105384849dpl:AdministrativeExpenses2020-04-012021-03-3105384849core:LandBuildings2020-04-012021-03-3105384849core:PlantMachinery2020-04-012021-03-3105384849core:Vehicles2020-04-012021-03-3105384849core:FurnitureFittings2020-04-012021-03-3105384849core:OfficeEquipment2020-04-012021-03-3105384849core:NetGoodwill2020-04-012021-03-3105384849core:IntangibleAssetsOtherThanGoodwill2020-04-012021-03-3105384849dpl:GroupUndertakings2020-04-012021-03-3105384849dpl:ParticipatingInterests2020-04-012021-03-3105384849dpl:GroupUndertakingscore:ListedExchangeTraded2020-04-012021-03-3105384849core:ListedExchangeTraded2020-04-012021-03-3105384849dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-04-012021-03-3105384849core:UnlistedNon-exchangeTraded2020-04-012021-03-3105384849dpl:CostSales2019-04-012020-03-3105384849dpl:DistributionCosts2019-04-012020-03-3105384849dpl:AdministrativeExpenses2019-04-012020-03-3105384849core:LandBuildings2019-04-012020-03-3105384849core:PlantMachinery2019-04-012020-03-3105384849core:Vehicles2019-04-012020-03-3105384849core:FurnitureFittings2019-04-012020-03-3105384849core:OfficeEquipment2019-04-012020-03-3105384849core:NetGoodwill2019-04-012020-03-3105384849core:IntangibleAssetsOtherThanGoodwill2019-04-012020-03-3105384849dpl:GroupUndertakings2019-04-012020-03-3105384849dpl:ParticipatingInterests2019-04-012020-03-3105384849dpl:GroupUndertakingscore:ListedExchangeTraded2019-04-012020-03-3105384849core:ListedExchangeTraded2019-04-012020-03-3105384849dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2019-04-012020-03-3105384849core:UnlistedNon-exchangeTraded2019-04-012020-03-3105384849core:NetGoodwill2021-03-3105384849core:IntangibleAssetsOtherThanGoodwill2021-03-3105384849core:LandBuildings2021-03-3105384849core:PlantMachinery2021-03-3105384849core:Vehicles2021-03-3105384849core:FurnitureFittings2021-03-3105384849core:OfficeEquipment2021-03-3105384849core:AfterOneYear2021-03-3105384849core:WithinOneYear2021-03-3105384849core:ListedExchangeTraded2021-03-3105384849core:UnlistedNon-exchangeTraded2021-03-3105384849core:ShareCapital2021-03-3105384849core:SharePremium2021-03-3105384849core:RevaluationReserve2021-03-3105384849core:OtherReservesSubtotal2021-03-3105384849core:RetainedEarningsAccumulatedLosses2021-03-3105384849core:NetGoodwill2020-03-3105384849core:IntangibleAssetsOtherThanGoodwill2020-03-3105384849core:LandBuildings2020-03-3105384849core:PlantMachinery2020-03-3105384849core:Vehicles2020-03-3105384849core:FurnitureFittings2020-03-3105384849core:OfficeEquipment2020-03-3105384849core:AfterOneYear2020-03-3105384849core:WithinOneYear2020-03-3105384849core:L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Registered Number
05384849
(England and Wales)

Unaudited Financial Statements for the Year Ended
31 March 2021

W R FROST & CO LIMITED

Company Information
for the year from 1 April 2020 to 31 March 2021


Directors	BENNEY, Paul John
	LEWIS, Ryan John


Registered Address	Riversdale
	Ashburton Road
	Totnes
	TQ9 5JU


Registered Number	05384849 (England and Wales)

W R FROST & CO LIMITED

Balance Sheet as at
31 March 2021

	Notes	2021		2020
		£	£	£	£
Fixed assets
Tangible assets	5		8,894		3,710
			8,894		3,710
Current assets
Stocks		22,500		19,706
Debtors		155,683		59,347
Cash at bank and on hand		120,059		104,201
		298,242		183,254
Creditors amounts falling due within one year	7	(77,846)		(110,840)
Net current assets (liabilities)			220,396		72,414
Total assets less current liabilities			229,290		76,124
Creditors amounts falling due after one year			(120,000)		-
Provisions for liabilities			(637)		(655)
Net assets			108,653		75,469
Capital and reserves
Called up share capital			4		4
Profit and loss account			108,649		75,465
Shareholders' funds			108,653		75,469

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 29 December 2021, and are signed on its behalf by:

LEWIS, Ryan John
Director
Registered Company No. 05384849

W R FROST & CO LIMITED

Notes to the Financial Statements
for the year ended 31 March 2021

1.	STATUTORY INFORMATION
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	COMPLIANCE WITH APPLICABLE REPORTING FRAMEWORK
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	ACCOUNTING POLICIES

	Turnover policy
	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.

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

		Reducing balance (%)
	Fixtures and fittings	15
	Office Equipment	40

	Inventories policy
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Revenue recognition policy
	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.

Revenue recognition policy

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.

	Deferred tax policy
	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.

Deferred tax policy

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.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

4.	EMPLOYEE INFORMATION

		2021		2020
	Average number of employees during the year	7		7

5.	PROPERTY, PLANT AND EQUIPMENT

		Total £
	Cost or valuation
	At 01 April 20	21,235
	Additions	8,468
	Disposals	(15,642)
	At 31 March 21	14,060
	Depreciation and impairment
	At 01 April 20	17,525
	Charge for year	1,794
	On disposals	(14,152)
	At 31 March 21	5,167
	Net book value
	At 31 March 21	8,894
	At 31 March 20	3,710

6.	DEBTORS WITHIN ONE YEAR

	2021 £	2020 £
Trade debtors / trade receivables	26,965	50,530
Other debtors	119,793	-
Prepayments and accrued income	8,925	8,817
Total	155,683	59,347

7.	CREDITORS WITHIN ONE YEAR

	2021 £	2020 £
Trade creditors / trade payables	10,667	3,098
Taxation and social security	41,818	48,546
Other creditors	25,361	58,526
Accrued liabilities and deferred income	-	670
Total	77,846	110,840