Froggatt Resources Optimally Given Limit - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08499136 (England and Wales)

Froggatt Resources Optimally Given

Limited

Unaudited Financial Statements

for the year ended

31 March 2019

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

Directors:

Mrs S Froggatt

M Froggatt

Registered office:

Town Wall House

Balkerne Hill

Colchester

Essex

CO3 3AD

Registered number:

08499136 (England and Wales)

Accountants:

Haines Watts

Chartered Accountants

Town Wall House

Balkerne Hill

Colchester

Essex

CO3 3AD

Fixed assets

Tangible assets

3

1,640

513

Current assets

Debtors

4

1,235

5,286

Cash at bank

4,489

9,077

5,724

14,363

Creditors

Amounts falling due within one year

5

(7,046

)

(9,115

)

Net current (liabilities)/assets

(1,322

)

5,248

Total assets less current liabilities

318

5,761

Provisions for liabilities

(312

)

(97

)

Net assets

6

5,664

Capital and reserves

Called up share capital

2

2

Retained earnings

4

5,662

Shareholders' funds

6

5,664

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 on 27 January 2020 and were signed on its behalf by:

M Froggatt - Director

1.	Statutory information

Froggatt Resources Optimally Given 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

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.	Tangible fixed assets

Computer

equipment

£

Cost

At 1 April 2018

710

Additions

1,204

At 31 March 2019

1,914

Depreciation

At 1 April 2018

197

Charge for year

77

At 31 March 2019

274

Net book value

At 31 March 2019

1,640

At 31 March 2018

513

4.

Debtors

2019

2018

£

£

Amounts falling due within one year:

Other debtors

697

4,748

Amounts falling due after more than one year:

Other debtors

538

538

Aggregate amounts

1,235

5,286

5.

Creditors: amounts falling due within one year

2019

2018

£

£

Trade creditors

375

907

Taxation and social security

4,716

7,257

Other creditors

1,955

951

7,046

9,115

6.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2019 and 31 March 2018:

2019

2018

£

£

M Froggatt and Mrs S Froggatt

Balance outstanding at start of year

4,748

2,153

Amounts advanced

-

3,000

Amounts repaid

(4,250

)

(405

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

498

4,748

The above directors account is unsecured, interest free and has no repayment date.The overdrawn balance will be cleared

by way of a dividend within nine months after financial year end.

7.	Ultimate controlling party

The company is ultimately controlled by its Directors who hold 100% of the issued share capital.