Frederick Thomas Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09524720 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Frederick Thomas Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S P Whittingham

M Elvin

SECRETARY:

REGISTERED OFFICE:

145a Ashley Road

Hale

Cheshire

WA14 2UW

REGISTERED NUMBER:

09524720 (England and Wales)

ACCOUNTANTS:

Beauchamp Charles Chartered Accountants

145a Ashley Road

Hale

Altrincham

Cheshire

WA14 2UW

FIXED ASSETS

Investments

4

1,540,200

1,540,200

CURRENT ASSETS

Debtors

5

265,479

205,475

Prepayments and accrued income

30,000

30,000

Cash at bank

241,631

241,970

537,110

477,445

CREDITORS

Amounts falling due within one year

6

1,626,538

2,016,538

NET CURRENT LIABILITIES

(1,089,428

)

(1,539,093

)

TOTAL ASSETS LESS CURRENT LIABILITIES

450,772

1,107

CAPITAL AND RESERVES

Called up share capital

204

200

Retained earnings

450,568

907

SHAREHOLDERS' FUNDS

450,772

1,107

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 11 September 2023 and were signed on its behalf by:

M Elvin - Director

S P Whittingham - Director

1.	STATUTORY INFORMATION

Frederick Thomas 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2022

and 31 March 2023

1,540,200

NET BOOK VALUE

At 31 March 2023

1,540,200

At 31 March 2022

1,540,200

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

145,000

145,000

Other debtors

120,479

60,475

265,479

205,475

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade creditors

(1

)

(1

)

Taxation and social security

209

209

Other creditors

1,626,330

2,016,330

1,626,538

2,016,538

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23

31.3.22

£

£

S P Whittingham

Balance outstanding at start of year

23,000

23,000

Amounts advanced

30,000

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

53,000

23,000

M Elvin

Balance outstanding at start of year

-

-

Amounts advanced

30,000

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

30,000

-

The Directors loans were repaid in full on the 4 August 2023.