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REGISTERED NUMBER: 03892152 (England and Wales)















Abridged Unaudited Financial Statements for the Year Ended 31 December 2023

for

FreeClix Limited

FreeClix Limited (Registered number: 03892152)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Chartered Accountants' Report 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


FreeClix Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: P Freeman





SECRETARY: P Freeman





REGISTERED OFFICE: Dencora Court
2 Meridian Way
Meridian Business Park
Norwich
NR7 0TA





REGISTERED NUMBER: 03892152 (England and Wales)





ACCOUNTANTS: JDC Chartered Accountants and Business Advisors
Dencora Court
2 Meridian Way
Norwich
Norfolk
NR7 0TA

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
FreeClix Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of FreeClix Limited for the year ended 31 December 2023 which comprise the Income Statement, Other Comprehensive Income, Abridged Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of FreeClix Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of FreeClix Limited and state those matters that we have agreed to state to the director of FreeClix Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FreeClix Limited and its director for our work or for this report.

It is your duty to ensure that FreeClix Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of FreeClix Limited. You consider that FreeClix Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of FreeClix Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






JDC Chartered Accountants and Business Advisors
Dencora Court
2 Meridian Way
Norwich
Norfolk
NR7 0TA


18 September 2024

FreeClix Limited (Registered number: 03892152)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,482 44,410

CURRENT ASSETS
Stocks 10,847 19,024
Debtors 196,070 284,098
206,917 303,122
CREDITORS
Amounts falling due within one year 157,741 248,940
NET CURRENT ASSETS 49,176 54,182
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,658

98,592

CREDITORS
Amounts falling due after more than one
year

5

30,093

35,648
NET ASSETS 56,565 62,944

CAPITAL AND RESERVES
Called up share capital 13,063 13,063
Share premium 23,625 23,625
Retained earnings 19,877 26,256
56,565 62,944

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

FreeClix Limited (Registered number: 03892152)

Abridged Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 September 2024 and were signed by:





P Freeman - Director


FreeClix Limited (Registered number: 03892152)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

FreeClix 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the total amount, excluding value added tax and net of trade discounts, receivable by the company in the ordinary course of business for goods supplied.

Revenue is recognised as earned when, and to the extent that, the company obtains the contractual right to consideration in exchange for performance under contract. Where amounts are invoiced in advance of the work being performed such amounts are deferred as liabilities until the revenue is earned.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, 15% on reducing balance and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

FreeClix Limited (Registered number: 03892152)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 284,345
Additions 6,138
Disposals (440 )
At 31 December 2023 290,043
DEPRECIATION
At 1 January 2023 239,935
Charge for year 12,692
Eliminated on disposal (66 )
At 31 December 2023 252,561
NET BOOK VALUE
At 31 December 2023 37,482
At 31 December 2022 44,410

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.12.23 31.12.22
£    £   
Repayable by instalments
Bank loans 7,870 13,426

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
P Freeman
Balance outstanding at start of year - 499
Amounts repaid - (499 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

FreeClix Limited (Registered number: 03892152)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

The directors overdrawn loan balance was interest free and repayable on demand.