IRIS Accounts Production v23.3.0.418 06926946 director 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh069269462022-03-31069269462023-03-31069269462022-04-012023-03-31069269462021-03-31069269462021-04-012022-03-31069269462022-03-3106926946ns10:Originalns15:EnglandWales2022-04-012023-03-3106926946ns14:PoundSterlingns10:Original2022-04-012023-03-3106926946ns10:Originalns10:Director12022-04-012023-03-3106926946ns10:Original2022-04-012023-03-3106926946ns10:Original2023-03-3106926946ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3106926946ns10:Originalns10:SmallEntities2022-04-012023-03-3106926946ns10:Originalns10:AuditExemptWithAccountantsReport2022-04-012023-03-3106926946ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3106926946ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3106926946ns10:Originalns10:FullAccounts2022-04-012023-03-3106926946ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3106926946ns10:CompanySecretary1ns10:Original2022-04-012023-03-3106926946ns10:Originalns10:RegisteredOffice2022-04-012023-03-3106926946ns10:Original2022-03-3106926946ns10:Originalns5:CurrentFinancialInstruments2023-03-3106926946ns10:Originalns5:CurrentFinancialInstruments2022-03-3106926946ns10:Originalns5:Non-currentFinancialInstruments2023-03-3106926946ns10:Originalns5:Non-currentFinancialInstruments2022-03-3106926946ns5:ShareCapitalns10:Original2023-03-3106926946ns5:ShareCapitalns10:Original2022-03-3106926946ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3106926946ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3106926946ns10:Originalns5:PlantMachinery2022-04-012023-03-3106926946ns10:Originalns5:MotorVehicles2022-04-012023-03-3106926946ns10:Original2021-04-012022-03-3106926946ns10:Originalns5:PlantMachinery2022-03-3106926946ns10:Originalns5:MotorVehicles2022-03-3106926946ns10:Original2022-03-3106926946ns10:Originalns5:PlantMachinery2023-03-3106926946ns10:Originalns5:MotorVehicles2023-03-3106926946ns10:Originalns5:PlantMachinery2022-03-3106926946ns10:Originalns5:MotorVehicles2022-03-3106926946ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3106926946ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3106926946ns10:Originalns10:OrdinaryShareClass12023-03-31
REGISTERED NUMBER: 06926946 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Be Free Ltd

Be Free Ltd (Registered number: 06926946)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Be Free Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: M Charalambous





SECRETARY: S Perkins





REGISTERED OFFICE: 15 Churchfields
Broxbourne
Hertfordshire
EN10 7JU





REGISTERED NUMBER: 06926946 (England and Wales)





ACCOUNTANTS: Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
Hertfordshire
EN8 7AP

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Be Free Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Director's Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Be Free Ltd for the year ended 31 March 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Be Free Ltd in accordance with the terms of our engagement letter dated 7 October 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Be Free Ltd and state those matters that we have agreed to state to the director of Be Free Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Be Free Ltd and its director for our work or for this report.

It is your duty to ensure that Be Free Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Be Free Ltd. You consider that Be Free Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Be Free Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
Hertfordshire
EN8 7AP


15 November 2023

Be Free Ltd (Registered number: 06926946)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,872 35,829

CURRENT ASSETS
Debtors 5 74,819 73,080
Cash at bank 13,928 17,995
88,747 91,075
CREDITORS
Amounts falling due within one year 6 42,116 40,469
NET CURRENT ASSETS 46,631 50,606
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,503

86,435

CREDITORS
Amounts falling due after more than one
year

7

20,434

33,512
NET ASSETS 53,069 52,923

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 52,969 52,823
SHAREHOLDERS' FUNDS 53,069 52,923

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Be Free Ltd (Registered number: 06926946)

Statement of Financial Position - continued
31 March 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 November 2023 and were signed by:





M Charalambous - Director


Be Free Ltd (Registered number: 06926946)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Be Free Ltd 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Be Free Ltd (Registered number: 06926946)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 6,676 70,743 77,419
DEPRECIATION
At 1 April 2022 3,209 38,381 41,590
Charge for year 867 8,090 8,957
At 31 March 2023 4,076 46,471 50,547
NET BOOK VALUE
At 31 March 2023 2,600 24,272 26,872
At 31 March 2022 3,467 32,362 35,829

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 74,819 73,080

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,500 7,500
Hire purchase contracts 5,578 5,578
Taxation and social security 21,344 20,289
Other creditors 7,694 7,102
42,116 40,469

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 16,250 23,750
Hire purchase contracts 4,184 9,762
20,434 33,512

Be Free Ltd (Registered number: 06926946)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary Shares £1 100 100

9. RELATED PARTY DISCLOSURES

Be Free Ltd is connected with NMR London Limited as the companies have a common director. Included in other debtors is a loan balance due from NMR London Limited amounting to £45,273 (2022: £44,273). This balance is interest free and repayable on demand.