Registered Number:07716846 |
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2023
Freedom Support Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Freedom Support Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
355,942
370,479
2
3
320,851
320,851
676,793
691,330
Trade and other receivables |
225,104
240,881
4
161,981
Cash and cash equivalents |
75,092
315,973
387,085
Trade and other payables: amounts falling due within one year |
(219,603)
(215,125)
5
167,482
100,848
Net current assets
Total assets less current liabilities |
777,641
858,812
Trade and other payables: amounts falling due after more than |
one year |
(295,447)
(212,156)
6
(15,179)
(19,599)
Provisions for liabilities |
550,306
Net assets
543,766
10
10
550,295
543,755
1
1
550,306
543,766
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 December 2023
Freedom Support Limited
Statement of Financial Position Continued
Mrs Katy Beckett Director |
These financial statements were approved and authorised for issue by the Board on 25 September 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 December 2023
Freedom Support Limited
Notes to the Financial Statements
Statutory Information
Freedom Support Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number |
07716846. |
Staffordshire House
96 Stone Road
Stafford
Staffordshire
ST16 2RS
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting |
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. |
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain |
assets. |
Revenue recognition
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and buildings
Plant and machinery
Computer equipment
Motor vehicles
Fixtures and fittings
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 December 2023
Freedom Support Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
472,134
31,145
41,065
64,139
53,457
282,328
9,555
3,249
-
-
4,164
2,142
(5,484)
-
-
(200)
-
(5,684)
284,470
64,139
41,065
28,910
476,005
57,421
Provision for depreciation and impairment |
101,655
19,159
23,928
36,451
22,117
-
Charge for year
23,074
4,742
2,571
6,923
8,838
-
(4,666)
(4,616)
-
-
(50)
-
120,063
19,285
26,499
43,374
30,905
-
284,470
26,516
20,765
14,566
9,625
355,942
282,328
31,340
27,688
17,137
11,986
370,479
320,851
320,851
320,851
320,851
4. Trade and other receivables |
2022
2023
234,284
224,742
6,597
362
225,104
240,881
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For the year ended 31 December 2023
Freedom Support Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2022
2023
Bank loans and overdraft (secured) |
13,410
13,295
62,500
62,500
Taxation and social security |
46,980
39,746
92,235
104,062
215,125
219,603
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
46,875
109,375
Bank loans and overdraft (secured) |
156,450
168,409
8,831
17,663
212,156
295,447
7. Directors advances and guarantees |
Loaned
Mrs Katy Beckett
DLA
3,184
-
3,184
3,184
-
3,184
Mr Mark Anthony Beckett
DLA
3,184
-
3,184
3,184
-
3,184
8. Average number of persons employed |
During the year the average number of employees was 50 (2022 : 50)
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