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Registered number: 5534869
Freeman Lunn Accountancy Services Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Freeman Lunn
Accountants & Business Advisers
11 Marlings Park Avenue
Chislehurst
Kent
BR7 6QN
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 5534869
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,117 1,032
1,117 1,032
CURRENT ASSETS
Debtors 5 12,136 9,746
Cash at bank and in hand 345,864 338,135
358,000 347,881
Creditors: Amounts Falling Due Within One Year 6 (15,249 ) (16,488 )
NET CURRENT ASSETS (LIABILITIES) 342,751 331,393
TOTAL ASSETS LESS CURRENT LIABILITIES 343,868 332,425
NET ASSETS 343,868 332,425
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 343,768 332,325
SHAREHOLDERS' FUNDS 343,868 332,425
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Peter Lunn
Director
14/01/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Freeman Lunn Accountancy Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 5534869 . The registered office is 11 Marlings Park Avenue, Chislehurst, Kent, BR7 6QN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% per annum on book written down values.
2.4. Taxation
Taxation represents the sum of the tax currently payable.
Deferred tax is only provided to the extent that it is considered, with reasonable probability, that a liability will become payable in the foreseeable future.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 November 2023 6,744
Additions 507
Disposals (422 )
As at 31 October 2024 6,829
Depreciation
As at 1 November 2023 5,712
Provided during the period 371
Disposals (371 )
As at 31 October 2024 5,712
Net Book Value
As at 31 October 2024 1,117
As at 1 November 2023 1,032
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,736 8,296
Prepayments and accrued income 5,400 1,450
12,136 9,746
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 2,968 2,743
Other taxes and social security 5,954 4,580
Other creditors 6,000 8,745
Accruals and deferred income 327 420
15,249 16,488
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 625 1,250
9. Related Party Transactions
During the year a sum of £5,012 (2023 £6,727) was paid to P C Lunn, the director, for the provision of office services.
A salary of £20,000 (2023 £20,000) was paid to Mrs J M Lunn, wife of the director, for clerical services rendered to the company.
10. Ultimate Controlling Party
The company's ultimate controlling party is Peter Charles Lunn by virtue of his ownership of 80% of the issued share capital in the company.
Page 3