Company Registration No. 11847609 (England and Wales)
Freaky Styley Ltd
Unaudited accounts
for the year ended 28 February 2023
Freaky Styley Ltd
Unaudited accounts
Contents
Freaky Styley Ltd
Company Information
for the year ended 28 February 2023
Directors
Miss Phoebe Last
Mr Christian Ulrich
Company Number
11847609 (England and Wales)
Registered Office
142 Albion Road
London
N16 9PA
England
Freaky Styley Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
12,394
10,090
Cash at bank and in hand
68
2,379
Creditors: amounts falling due within one year
(149,914)
(114,954)
Net current liabilities
(146,746)
(109,475)
Net liabilities
(134,352)
(99,385)
Called up share capital
1,000
-
Profit and loss account
(135,352)
(99,385)
Shareholders' funds
(134,352)
(99,385)
For the year ending 28 February 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 directors acknowledge their 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 of Directors and authorised for issue on 30 April 2024 and were signed on its behalf by
Mr Christian Ulrich
Director
Company Registration No. 11847609
Freaky Styley Ltd
Notes to the Accounts
for the year ended 28 February 2023
Freaky Styley Ltd is a private company, limited by shares, registered in England and Wales, registration number 11847609. The registered office is 142 Albion Road, London, N16 9PA, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point the customer has signed for the delivery of the goods.
Turnover from rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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
25% reducing balance
Stocks have been valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Freaky Styley Ltd
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Fixtures & fittings
At 28 February 2023
26,193
At 28 February 2023
13,799
At 28 February 2023
12,394
At 28 February 2022
10,090
5
Creditors: amounts falling due within one year
2023
2022
Loans from directors
143,600
114,953
6
Average number of employees
During the year the average number of employees was 2 (2022: 2).