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REGISTERED NUMBER: 07672472 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

FREYBORS LTD

FREYBORS LTD (REGISTERED NUMBER: 07672472)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FREYBORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: J C Bodenham
R M Vincent





REGISTERED OFFICE: Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL





REGISTERED NUMBER: 07672472 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

FREYBORS LTD (REGISTERED NUMBER: 07672472)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 82,625 175,607
Tangible assets 5 2,852 4,243
85,477 179,850

CURRENT ASSETS
Debtors 6 3,790 4,015
Cash at bank 17,482 12,981
21,272 16,996
CREDITORS
Amounts falling due within one year 7 1,824,823 1,549,396
NET CURRENT LIABILITIES (1,803,551 ) (1,532,400 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,718,074

)

(1,352,550

)

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings (1,718,084 ) (1,352,560 )
SHAREHOLDERS' FUNDS (1,718,074 ) (1,352,550 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 and authorised for issue on 12 March 2024 and were signed on its behalf by:




R M Vincent - Director


FREYBORS LTD (REGISTERED NUMBER: 07672472)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Freybors 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 represents sales of meat produce. Turnover is recognised in the period that the meat produce is delivered.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2022
and 30 June 2023 795,455
AMORTISATION
At 1 July 2022 619,848
Charge for year 92,982
At 30 June 2023 712,830
NET BOOK VALUE
At 30 June 2023 82,625
At 30 June 2022 175,607

FREYBORS LTD (REGISTERED NUMBER: 07672472)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 47,228
Additions 115
At 30 June 2023 47,343
DEPRECIATION
At 1 July 2022 42,985
Charge for year 1,506
At 30 June 2023 44,491
NET BOOK VALUE
At 30 June 2023 2,852
At 30 June 2022 4,243

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 3,790 4,015

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 2,059 1,512
Other creditors 1,822,764 1,547,884
1,824,823 1,549,396

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
10 Ordinary £1 10 10

FREYBORS LTD (REGISTERED NUMBER: 07672472)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
Director
Balance outstanding at start of year (1,544,677 ) (1,276,677 )
Amounts repaid (275,000 ) (268,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,819,677 ) (1,544,677 )

Director
Balance outstanding at start of year 405 405
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 405 405

The loans are interest free.

10. GOING CONCERN

The company has net liabilities of £1,718,074 (2022 - £1,352,550) at the balance sheet date.

The accounts have been prepared on a going concern basis, the validity of which is dependent on the continuing support of a director.