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REGISTERED NUMBER: 10418489 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 OCTOBER 2023

FOR

FREETH CONSULTING LIMITED

FREETH CONSULTING LIMITED (REGISTERED NUMBER: 10418489)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


FREETH CONSULTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







Directors: Mrs L A N Freeth
J M Freeth





Registered office: 53 Ufton Crescent
Shirley
Solihull
United Kingdom
B90 3SA





Registered number: 10418489 (England and Wales)





Accountants: Athos Business Solutions Limited
1623 Warwick Road
Knowle
Solihull
West Midlands
B93 9LF

FREETH CONSULTING LIMITED (REGISTERED NUMBER: 10418489)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,230 30,112

CURRENT ASSETS
Debtors 5 27,340 21,563
Cash at bank 10,878 16,637
38,218 38,200
CREDITORS
Amounts falling due within one year 6 27,052 20,527
NET CURRENT ASSETS 11,166 17,673
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,396

47,785

CREDITORS
Amounts falling due after more than one year 7 (25,153 ) (34,838 )

PROVISIONS FOR LIABILITIES (4,402 ) (5,721 )
NET ASSETS 3,841 7,226

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 3,839 7,224
3,841 7,226

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

FREETH CONSULTING LIMITED (REGISTERED NUMBER: 10418489)

BALANCE SHEET - continued
31 OCTOBER 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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2024 and were signed on its behalf by:





J M Freeth - Director


FREETH CONSULTING LIMITED (REGISTERED NUMBER: 10418489)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Freeth Consulting 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures & Fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

FREETH CONSULTING LIMITED (REGISTERED NUMBER: 10418489)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures Motor Computer
& Fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 November 2022 364 33,278 10,496 44,138
Additions - - 957 957
At 31 October 2023 364 33,278 11,453 45,095
Depreciation
At 1 November 2022 269 6,933 6,824 14,026
Charge for year 19 6,586 2,234 8,839
At 31 October 2023 288 13,519 9,058 22,865
Net book value
At 31 October 2023 76 19,759 2,395 22,230
At 31 October 2022 95 26,345 3,672 30,112

FREETH CONSULTING LIMITED (REGISTERED NUMBER: 10418489)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 November 2022
and 31 October 2023 33,278
Depreciation
At 1 November 2022 6,933
Charge for year 6,586
At 31 October 2023 13,519
Net book value
At 31 October 2023 19,759
At 31 October 2022 26,345

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 25,266 19,955
Other debtors 2,074 1,608
27,340 21,563

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,800 5,650
Hire purchase contracts 3,970 3,970
Trade creditors - 1,001
Taxation and social security 15,963 8,393
Other creditors 1,319 1,513
27,052 20,527

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 9,238 14,953
Hire purchase contracts 15,915 19,885
25,153 34,838