Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28true2022-03-01trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activity11 11229836 2022-03-01 2023-02-28 11229836 2021-03-01 2022-02-28 11229836 2023-02-28 11229836 2022-02-28 11229836 c:Director1 2022-03-01 2023-02-28 11229836 d:CurrentFinancialInstruments 2023-02-28 11229836 d:CurrentFinancialInstruments 2022-02-28 11229836 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 11229836 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 11229836 d:ShareCapital 2023-02-28 11229836 d:ShareCapital 2022-02-28 11229836 d:RetainedEarningsAccumulatedLosses 2023-02-28 11229836 d:RetainedEarningsAccumulatedLosses 2022-02-28 11229836 c:OrdinaryShareClass1 2022-03-01 2023-02-28 11229836 c:OrdinaryShareClass1 2023-02-28 11229836 c:FRS102 2022-03-01 2023-02-28 11229836 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 11229836 c:FullAccounts 2022-03-01 2023-02-28 11229836 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11229836









FRESHTUNES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
FRESHTUNES LTD
REGISTERED NUMBER: 11229836

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
501,696
870

Bank and cash balances
  
727,142
328,176

  
1,228,838
329,046

Creditors: amounts falling due within one year
 5 
(1,180,943)
(252,237)

  

Net assets
  
47,895
76,809


Capital and reserves
  

Called up share capital 
 6 
1
1

Profit and loss account
  
47,894
76,808

  
47,895
76,809


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 November 2023.




K Freeman
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
FRESHTUNES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Freshtunes Ltd is a private company, limited by shares, registered in England and Wales. The address of its registered office is The Annex, 3 High Street, Roade, United Kingdom, NN7 2NW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Functional and presentational currency

The functional and presentational currency of the company is GBP.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts.
Turnover from service provided is recognised when received or receivable.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

Page 2

 
FRESHTUNES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

Creditors

Short term creditors are measured at the transaction price. 

 
2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans from related parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Debtors

2023
2022
£
£


Other debtors
-
870

Prepayments and accrued income
501,696
-

501,696
870



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
901
3,350

Trade creditors
697,418
242,933

Corporation tax
2,190
1,734

Other taxation and social security
15,431
220

Other creditors
1,636
-

Accruals
463,367
4,000

1,180,943
252,237


Page 3

 
FRESHTUNES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 Ordinary share of £1.00
1
1


 
Page 4