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REGISTERED NUMBER: 05968950 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

FREERUN CONSULTING LIMITED

FREERUN CONSULTING LIMITED (REGISTERED NUMBER: 05968950)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FREERUN CONSULTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: G Sulkhanishvili
D Iaghanashvili





SECRETARY: D Iaghanashvili





REGISTERED OFFICE: First Floor, Jebsen House
53-61 High Street
Ruislip
Middlesex
HA4 7BD





REGISTERED NUMBER: 05968950 (England and Wales)





ACCOUNTANTS: Sproull & Co.
Chartered Accountants
First Floor, Jebsen House
53-61 High Street
Ruislip
Middlesex
HA4 7BD

FREERUN CONSULTING LIMITED (REGISTERED NUMBER: 05968950)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,765 5,830

CURRENT ASSETS
Stocks 21,867 49,723
Debtors 5 22,898 18,569
Cash at bank 30,420 8,452
75,185 76,744
CREDITORS
Amounts falling due within one year 6 86,338 44,934
NET CURRENT (LIABILITIES)/ASSETS (11,153 ) 31,810
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,388

)

37,640

CREDITORS
Amounts falling due after more than one year 7 31,645 37,312
NET (LIABILITIES)/ASSETS (37,033 ) 328

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (37,035 ) 326
SHAREHOLDERS' FUNDS (37,033 ) 328

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

FREERUN CONSULTING LIMITED (REGISTERED NUMBER: 05968950)

BALANCE SHEET - continued
31ST MARCH 2024


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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th January 2025 and were signed on its behalf by:





G Sulkhanishvili - Director


FREERUN CONSULTING LIMITED (REGISTERED NUMBER: 05968950)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Freerun Consulting 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.

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 represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

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

Taxation
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Going concern
In assessing the going concern status of the company, the directors have carefully assessed the terms of borrowing arrangements with the bank (lender) to ensure that the terms and conditions are not breached which might result in the lender "calling in" the loans immediately. The directors are satisfied that there are adequate financing arrangements in place for the business to pay its trade and other creditors due within one year.

The directors are aware in making their assessment, related to events or conditions that may cast significant doubt upon the company's ability to continue as a going concern, along with the action taken and confirmation that the directors believe that the going concern basis is appropriate.

The directors have also confirmed that their support will continue to be made available to the company for the foreseeable future.

FREERUN CONSULTING LIMITED (REGISTERED NUMBER: 05968950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 19,756
Additions 2,123
Disposals (2,330 )
At 31st March 2024 19,549
DEPRECIATION
At 1st April 2023 13,926
Charge for year 1,561
Eliminated on disposal (1,703 )
At 31st March 2024 13,784
NET BOOK VALUE
At 31st March 2024 5,765
At 31st March 2023 5,830

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,791 16,314
Other debtors 8,107 2,255
22,898 18,569

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,667 5,525
Trade creditors 77,397 32,419
Taxation and social security 789 1,342
Other creditors 2,485 5,648
86,338 44,934

FREERUN CONSULTING LIMITED (REGISTERED NUMBER: 05968950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 31,645 37,312

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,507 13,769

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2024 and 31st March 2023:

2024 2023
£    £   
G Sulkhanishvili
Balance outstanding at start of year - -
Amounts advanced 3,852 -
Amounts repaid (1,513 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,339 -