Frogsuit Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 10303708 (England and Wales)

Frogsuit Limited

Unaudited Financial Statements

for the Year Ended 30 July 2022

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

DIRECTORS:

Mr P Wootton

Mrs J Wootton

Mrs D Garner-Jones

Mr G Horsfield

SECRETARY:

Mr O Wilson

REGISTERED OFFICE:

C/O Nigel Davis Solicitors

3-4 Spire House

Waterside Park

Ashbourne

Derbyshire

DE6 1DG

REGISTERED NUMBER:

10303708 (England and Wales)

ACCOUNTANTS:

Grenfell James Associates Limited

13 The Courtyard

Timothys Bridge Road

Stratford Upon Avon

Warwickshire

CV37 9NP

CURRENT ASSETS

Stocks

88,028

71,040

Debtors

4

12,474

7,410

Cash at bank

2,168

37,093

102,670

115,543

CREDITORS

Amounts falling due within one year

5

54,557

58,454

NET CURRENT ASSETS

48,113

57,089

TOTAL ASSETS LESS CURRENT LIABILITIES

48,113

57,089

CREDITORS

Amounts falling due after more than one year

6

25,668

32,667

NET ASSETS

22,445

24,422

CAPITAL AND RESERVES

Called up share capital

21

100

Retained earnings

22,424

24,322

22,445

24,422

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 July 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2023 and were signed on its behalf by:

Mrs D Garner-Jones - Director

1.	STATUTORY INFORMATION

Frogsuit 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - NIL ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

11,443

6,395

Other debtors

1,031

1,015

12,474

7,410

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

7,005

2,333

Trade creditors

14,836

3,375

Taxation and social security

1,013

5,944

Other creditors

31,703

46,802

54,557

58,454

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

25,668

32,667

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

4,667

7.	RELATED PARTY DISCLOSURES

The company owed £5,907 to RiverCo Trading Limited, a company of which Mr Peter Wotton and Mrs Janet Wootton are also Directors.