Frensic and Frensic Limited,Ltd - AccountsLtd - Accounts

Frensic and Frensic Limited,Ltd - AccountsLtd - Accounts

FRENSIC & FRENSIC LIMITED - Company Information

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2016-08-13 04510083 2017-08-12 04510083 2016-08-13 2017-08-12 04510083 2016-08-12 04510083 2015-08-13 2016-08-12 04510083 uk-core:WithinOneYear 2016-08-12 04510083 uk-core:WithinOneYear 2017-08-12 04510083 uk-core:ShareCapital 2017-08-12 04510083 uk-core:ShareCapital 2016-08-12 04510083 uk-core:RetainedEarningsAccumulatedLosses 2017-08-12 04510083 uk-core:RetainedEarningsAccumulatedLosses 2016-08-12 04510083 uk-bus:Director1 2016-08-13 2017-08-12 04510083 uk-core:PlantMachinery 2016-08-13 2017-08-12 04510083 uk-core:PlantMachinery 2016-08-12 04510083 uk-core:Buildings 2016-08-12 04510083 uk-core:Buildings 2017-08-12 04510083 uk-core:PlantMachinery 2017-08-12 04510083 uk-core:Buildings 2016-08-13 2017-08-12 04510083 uk-core:AfterOneYear 2017-08-12 04510083 uk-core:AfterOneYear 2016-08-12 iso4217:GBP 04510083 uk-bus:AuditExemptWithAccountantsReport 2016-08-13 2017-08-12 04510083 uk-bus:FRS102 2016-08-13 2017-08-12 04510083 uk-bus:FullAccounts 2016-08-13 2017-08-12 04510083 uk-bus:PrivateLimitedCompanyLtd 2016-08-13 2017-08-12
Frensic and Frensic Limited
Registered Number:04510083
For the year ended 12 August 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 12 August 2017
Frensic and Frensic Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 12 August 2017
Frensic and Frensic Limited
Statement of Financial Position
Registered Number :
04510083
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
235,715
235,894
2
235,715
235,894
Current assets
Trade and other receivables
1,100
1,100
3
33,257
Cash and cash equivalents
29,443
30,543
34,357
Trade and other payables: amounts falling due within one
year
(267,763)
(264,163)
4
(233,406)
(233,620)
Net current liabilities
Total assets less current liabilities
2,095
2,488
2,095
Net assets
2,488
Capital and reserves
Called up share capital
100
100
Retained earnings
1,995
2,388
2,095
2,488
Shareholders' funds
For the year ended 12 August 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 12 August 2017 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
G I RICHARDSON Director
These financial statements were approved and authorised for issue by the Board on 26 August 2017 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 12 August 2017
Frensic and Frensic Limited
Notes to the Financial Statements
Statutory Information
Frensic and Frensic Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04510083.
Registered address:
Unit 2 Hunters Buildings
Bowesfield Lane
Stockton on Tees
TS18 3QZ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
would be immaterial. The directors undertake an annual impairment review of these properties.
2. Property, plant and equipment
Total
Plant and
machinery
Land and
buildings
£
£
£
Cost or
valuation
At 13 August 2016
241,322
6,322
235,000
At 12 August 2017
235,000
6,322
241,322
Provision for depreciation and impairment
At 13 August 2016
5,428
5,428
-
Charge for year
179
179
-
At 12 August 2017
5,607
5,607
-
At 12 August 2017
Net book value
235,000
715
235,715
At 12 August 2016
235,000
894
235,894
2 of 3
5
For the year ended 12 August 2017
Frensic and Frensic Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2016
2017
£
£
Other debtors
1,100
1,100
The debtors above include the following amounts falling due after more than one year:
Other debtors
-
1,100
4. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
29,100
32,700
Other creditors
235,063
235,063
264,163
267,763
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