Company Registration No. SC724170 (Scotland)
A Taste of Freedom Ltd
Unaudited accounts
for the year ended 29 February 2024
A Taste of Freedom Ltd
Unaudited accounts
Contents
A Taste of Freedom Ltd
Company Information
for the year ended 29 February 2024
Directors
Iain Archibald Gillies
James Anthony GILLIES
Company Number
SC724170 (Scotland)
Registered Office
8 DALNABRECK
ARCHARACLE
PH36 4JX
SCOTLAND
Accountants
Metropolitan Accountants Ltd
Phoenix Business Centre
Office 10, Rosslyn Crescent
Harrow
Middlesex
HA1 2SP
A Taste of Freedom Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
7,322
5,600
Cash at bank and in hand
23,555
1,574
Creditors: amounts falling due within one year
(28,298)
(10,970)
Net current liabilities
(4,743)
(9,396)
Total assets less current liabilities
2,579
(3,796)
Creditors: amounts falling due after more than one year
(11,022)
-
Net liabilities
(8,443)
(3,796)
Called up share capital
100
100
Profit and loss account
(8,543)
(3,896)
Shareholders' funds
(8,443)
(3,796)
For the year ending 29 February 2024 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 14 November 2024 and were signed on its behalf by
Iain Archibald Gillies
Director
Company Registration No. SC724170
A Taste of Freedom Ltd
Notes to the Accounts
for the year ended 29 February 2024
A Taste of Freedom Ltd is a private company, limited by shares, registered in Scotland, registration number SC724170. The registered office is 8 DALNABRECK, ARCHARACLE, PH36 4JX, SCOTLAND.
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.
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:
Plant & machinery
25% at cost
Motor vehicles
20% at cost
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2023
-
7,000
7,000
At 29 February 2024
4,163
7,000
11,163
At 1 March 2023
-
1,400
1,400
Charge for the year
1,041
1,400
2,441
At 29 February 2024
1,041
2,800
3,841
At 29 February 2024
3,122
4,200
7,322
At 28 February 2023
-
5,600
5,600
A Taste of Freedom Ltd
Notes to the Accounts
for the year ended 29 February 2024
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,978
-
Loans from directors
21,306
10,345
6
Creditors: amounts falling due after more than one year
2024
2023
7
Average number of employees
During the year the average number of employees was 2 (2023: 0).