Love Frankie Ltd
Love Frankie Ltd
Registered number: 08009117
Unaudited Financial Statements
For The Year Ended
31 March 2023
Love Frankie Ltd
Unaudited Financial Statements
For The Year Ended
31 March 2023
Unaudited Financial Statements
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Page | |
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3 |
Page 1
Love Frankie Ltd
Balance Sheet
As At
31 March 2023
Balance Sheet
Registered number:
08009117
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Intangible Assets |
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Tangible Assets |
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CURRENT ASSETS | |||||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 4 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 27,663 | 33,194 | |||
Page 1
Page 2
Love Frankie Ltd
Balance Sheet (continued)
As At
31 March 2023
On behalf of the board
Director
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The notes on page 3 form part of these financial statements.
Page 2
Page 3
Love Frankie Ltd
Notes to the Financial Statements
For The Year Ended
31 March 2023
Notes to the Financial Statements
1.
General Information
Love Frankie Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
08009117
. The registered office is 2 Bridge Farm Offices, Harberton, Totnes, Devon, TQ9 7PP.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3.
Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold |
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Plant & Machinery |
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Computer Equipment |
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3.
Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 3)
4.
Share Capital
2023 | 2022 | ||
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£ | £ | ||
Allotted, Called up and fully paid |
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Page 3