F.C. FROST LIMITED

F.C. FROST LIMITED

F.C. FROST LIMITED - Company Information

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F.C. FROST LIMITED

Company Registration Number:
01024973 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2017

Period of accounts

Start date: 01 June 2016

End date: 30 September 2017

F.C. FROST LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2017

Balance sheet
Notes

F.C. FROST LIMITED

Balance sheet

As at 30 September 2017


Notes
16 months to 30 September 2017
2016


£
£
Fixed assets
Intangible assets: 2 0 121
Tangible assets: 3 750,000 787,118
Total fixed assets: 750,000 787,239
Current assets
Stocks:   319,456
Debtors:   508,192 272,567
Cash at bank and in hand: 25,704 190,972
Total current assets: 533,896 782,995
Creditors: amounts falling due within one year: 4 (245,683) (338,822)
Net current assets (liabilities): 288,213 444,173
Total assets less current liabilities: 1,038,213 1,231,412
Creditors: amounts falling due after more than one year: 5 (112,517) (27,313)
Total net assets (liabilities): 925,696 1,204,099
Capital and reserves
Called up share capital: 475 475
Revaluation reserve:6330,101330,101
Other reserves: 470 470
Profit and loss account: 594,650 873,053
Shareholders funds: 925,696 1,204,099

The notes form part of these financial statements

F.C. FROST LIMITED

Balance sheet statements

For the year ending 30 September 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 22 September 2018
and signed on behalf of the board by:

Name: K D FROST
Status: Director

The notes form part of these financial statements

F.C. FROST LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goodssupplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards ofownership have transferred to the buyer, usually on despatch of the goods; the amount ofrevenue can be measured reliably; it is probable that the associated economic benefits willflow to the entity and the costs incurred or to be incurred in respect of the transactions can bemeasured reliably.Revenue from the rendering of services is measured by reference to the stage of completionof the service transaction at the end of the reporting period provided that the outcome can bereliably estimated. When the outcome cannot be reliably estimated, revenue is recognisedonly to the extent that expenses recognised are recoverable

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and are subsequently stated at cost less anyaccumulated depreciation and impairment losses.Depreciation is calculated so as to write off the cost or valuation of an asset, less its residualvalue, over the useful economic life of that asset as follows:Freehold property - No depreciation providedPlant and machinery - 12.5% of cost per yearFittings fixtures and equipment - 12.5% - 33% of cost per yearPatterns - 10% of cost per year

Intangible fixed assets and amortisation policy

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

F.C. FROST LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

2. Intangible Assets

Total
Cost £
At 01 June 2016 14,078
Disposals (14,078)
At 30 September 2017 0
Amortisation
At 01 June 2016 13,957
On disposals (13,957)
At 30 September 2017 0
Net book value
At 30 September 2017 0
At 31 May 2016 121

F.C. FROST LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

3. Tangible Assets

Total
Cost £
At 01 June 2016 1,418,259
Disposals (668,259)
At 30 September 2017 750,000
Depreciation
At 01 June 2016 631,141
On disposals (631,141)
At 30 September 2017 0
Net book value
At 30 September 2017 750,000
At 31 May 2016 787,118

F.C. FROST LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

4. Creditors: amounts falling due within one year note

Trade Creditors £148,763 (2016 £226,846)Accruals and deferred income £52,711 (2016 £17,466)Payments received on account £nil (2016 £18,897)Corporation tax £32,038 (2016 £52,038)Social security and other taxes £9,980 (2016 £18,014)Other creditors £2,191 (2016 £5,561)

F.C. FROST LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

5. Creditors: amounts falling due after more than one year note

Other creditors £112,517 (2016 £27313).

F.C. FROST LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2017

6. Revaluation reserve

16 months to 30 September 2017
£
Balance at 01 June 2016 330,101
Surplus or deficit after revaluation 0
Balance at 30 September 2017 330,101