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Company Registration No. 11274733 (England and Wales)
Freestyle Consulting Limited Unaudited accounts for the year ended 31 March 2023
Freestyle Consulting Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,650 
2,821 
Current assets
Debtors
9,438 
10,698 
Cash at bank and in hand
62,473 
36,477 
71,911 
47,175 
Creditors: amounts falling due within one year
(10,673)
(8,950)
Net current assets
61,238 
38,225 
Total assets less current liabilities
62,888 
41,046 
Provisions for liabilities
Deferred tax
(849)
(536)
Net assets
62,039 
40,510 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
62,038 
40,509 
Shareholders' funds
62,039 
40,510 
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 November 2023 and were signed on its behalf by
Owen Grover Director Company Registration No. 11274733
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Freestyle Consulting Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Freestyle Consulting Limited is a private company, limited by shares, registered in England and Wales, registration number 11274733. The registered office is 3 Yeomans Close, Thorley, Bishops Stortford, CM23 4EU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
3 years
Computer equipment
3 years
Presentation currency
The accounts are presented in £ sterling.
Revenue recognition
Income is recognised when the service is performed.
Taxation
Current tax is recognised on taxable profit for the current and past periods.
Deferred taxation
Deferred tax is recognised in respect of all timing differences at the reporting date. Losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Current and deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date.
Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised in the profit and loss.
Debtors
Debtors do not carry any interest and are stated at the transaction price. Appropriate allowances are made for irrecoverable amounts when there is objective evidence that the asset is impaired.
Trade creditors
Trade creditors do not carry any interest and are stated at transaction price.
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Freestyle Consulting Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2022
5,412 
At 31 March 2023
5,412 
Depreciation
At 1 April 2022
2,591 
Charge for the year
1,171 
At 31 March 2023
3,762 
Net book value
At 31 March 2023
1,650 
At 31 March 2022
2,821 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,925 
10,625 
Accrued income and prepayments
513 
73 
9,438 
10,698 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
8,330 
5,424 
Loans from directors
195 
32 
Accruals
2,148 
3,494 
10,673 
8,950 
7
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
849 
536 
2023 
2022 
£ 
£ 
Provision at start of year
536 
265 
Charged to the profit and loss account
313 
271 
Provision at end of year
849 
536 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
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Freestyle Consulting Limited Notes to the Accounts for the year ended 31 March 2023
9
Transactions with related parties
There were no related party transactions other than loans made by Mr Grover to the company and dividends paid to the director.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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