R J Franklin Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06314859 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2020

for

R J Franklin Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr R J Franklin

SECRETARY:

Mrs K Franklin-Smy

REGISTERED OFFICE:

C/o Robinson & Hall LLP

118 Bromham Road

Bedford

MK40 2QN

REGISTERED NUMBER:

06314859 (England and Wales)

ACCOUNTANTS:

Underwood Green

Pinnacle House

1 Pinnacle Way

Derby

Derbyshire

DE24 8ZS

CURRENT ASSETS

Debtors

5

131,279

158,017

Cash at bank

60,595

26,211

191,874

184,228

CREDITORS

Amounts falling due within one year

6

18,117

13,347

NET CURRENT ASSETS

173,757

170,881

TOTAL ASSETS LESS CURRENT LIABILITIES

173,757

170,881

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

173,657

170,781

SHAREHOLDERS' FUNDS

173,757

170,881

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 June 2021 and were signed by:

Mr R J Franklin - Director

1.	STATUTORY INFORMATION

R J Franklin Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the company's share of the profits of the partnership Robinson & Hall LLP.

Goodwill

Purchased goodwill is amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives as follows:

Goodwill - ten years

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants

During the year the company received income in regard to the Coronavirus Job Retention Scheme for members of staff that had been furloughed. The amounts received are shown in other income within the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2020

218,076

Disposals

(29,738

)

At 31 December 2020

188,338

AMORTISATION

At 1 January 2020

218,076

Eliminated on disposal

(29,738

)

At 31 December 2020

188,338

NET BOOK VALUE

At 31 December 2020

-

At 31 December 2019

-

Goodwill arose on the purchase of the company's share in Robinson & Hall LLP

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Due from Robinson & Hall LLP

83,672

81,251

Directors' current accounts

47,607

76,766

131,279

158,017

Other than as stated under directors loan account above, none of the above amounts related to amounts due from the director or shareholder of the company either directly or indirectly.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Tax

17,192

12,441

Social security and other taxes

1

-

Accruals

924

906

18,117

13,347

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

100

Ordinary

£1

100

100

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2020 and 31 December 2019:

2020

2019

£

£

Mr R J Franklin

Balance outstanding at start of year

76,766

18,435

Amounts advanced

83,553

149,347

Amounts repaid

(112,712

)

(91,016

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

47,607

76,766

Interest was charged on the overdrawn balance at HM Revenue & Customs official rate of interest being 2.5% per annum to 5 April 2020 and 2.25% per annum thereafter.

The overdrawn director's loan account was repaid within nine months of the year end.