Frankham Projects Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 03572003 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

FRANKHAM PROJECTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S J Frankham

O J Morse

REGISTERED OFFICE:

Irene House

Five Arches Business Park

Sidcup

Kent

DA14 5AE

REGISTERED NUMBER:

03572003 (England and Wales)

AUDITORS:

Crane & Partners

Chartered Accountants & Statutory Auditors

Leonard House

5 - 7 Newman Road

Bromley

Kent

BR1 1RJ

FIXED ASSETS

Tangible assets

4

-

470

CURRENT ASSETS

Debtors

5

390,601

419,118

Cash at bank

5,102

11,364

395,703

430,482

CREDITORS

Amounts falling due within one year

6

151,841

71,927

NET CURRENT ASSETS

243,862

358,555

TOTAL ASSETS LESS CURRENT LIABILITIES

243,862

359,025

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

243,762

358,925

SHAREHOLDERS' FUNDS

243,862

359,025

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 7 September 2022 and were signed on its behalf by:

O J Morse - Director

1.	STATUTORY INFORMATION

Frankham Projects 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.

Plant and machinery etc

-

33% 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The accounts have been prepared on a going concern basis, which is dependant on the continued support of the ultimate parent undertaking and its directors who have indicated their willingness to support the company for the foreseeable future. The directors therefore consider it appropriate to prepare the financial statements on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2021

and 31 March 2022

1,911

DEPRECIATION

At 1 April 2021

1,441

Charge for year

470

At 31 March 2022

1,911

NET BOOK VALUE

At 31 March 2022

-

At 31 March 2021

470

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

303,162

141,600

Amounts owed by group undertakings

9,440

105,867

Other debtors

77,999

171,651

390,601

419,118

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

24,142

25,853

Taxation and social security

32,602

3,268

Other creditors

95,097

42,806

151,841

71,927

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Raymond McDonagh FCA (Senior Statutory Auditor)

for and on behalf of Crane & Partners

8.	RELATED PARTY DISCLOSURES

Details on related parties transactions can be found in the consolidated financial statements for the parent company, Frankham Holdings Limited.

9.	ULTIMATE CONTROLLING PARTY

The immediate parent company is Frankham Consultancy Group Limited. The ultimate controlling party is S J Frankham Esq.