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Company Registration No. 12714515 (England and Wales)
Free Readers Ltd AMENDED Unaudited accounts for the year ended 31 August 2023
Free Readers Ltd AMENDED Unaudited accounts Contents
Page
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Free Readers Ltd Company Information for the year ended 31 August 2023
Director
Alero Olubusola Fagbulu
Company Number
12714515 (England and Wales)
Registered Office
71-75 Shelton Street London WC2H 9JQ
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Free Readers Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
342 
684 
Current assets
Debtors
148,066 
7,246 
Cash at bank and in hand
11,585 
14,450 
159,651 
21,696 
Creditors: amounts falling due within one year
(115,136)
(20,694)
Net current assets
44,515 
1,002 
Net assets
44,857 
1,686 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
44,856 
1,685 
Shareholders' funds
44,857 
1,686 
For the year ending 31 August 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 her 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 30 July 2024 and were signed on its behalf by
Alero Olubusola Fagbulu Director Company Registration No. 12714515
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Free Readers Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Free Readers Ltd is a private company, limited by shares, registered in England and Wales, registration number 12714515. The registered office is 71-75 Shelton Street, London, WC2H 9JQ.
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. These amended financial statements replace the original accounts, are now the statutory accounts for the year and are prepared as they were at the date of the original accounts.
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.
Presentation currency
The accounts are presented in £ sterling.
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
4 years
Amended accounts
These financial statements replace the original accounts, are now the statutory accounts for the year and are prepared as they were at the date of the original accounts.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 September 2022
1,368 
At 31 August 2023
1,368 
Depreciation
At 1 September 2022
684 
Charge for the year
342 
At 31 August 2023
1,026 
Net book value
At 31 August 2023
342 
At 31 August 2022
684 
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Free Readers Ltd Notes to the Accounts for the year ended 31 August 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
148,066 
5,671 
Other debtors
- 
1,575 
148,066 
7,246 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
1,618 
- 
Taxes and social security
8,849 
9,292 
Other creditors
22,754 
11,402 
Loans from directors
75,490 
- 
Accruals
6,425 
- 
115,136 
20,694 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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