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Company Registration No. NI673350 (Northern Ireland)
Freedom Cosmetics Ltd Unaudited accounts for the year ended 31 October 2024
Freedom Cosmetics Ltd Unaudited accounts Contents
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Freedom Cosmetics Ltd Company Information for the year ended 31 October 2024
Director
sherry o'reilly -olivia ann
Company Number
NI673350 (Northern Ireland)
Registered Office
18 Valley Road Ballymartin Newry County Down BT34 4UF Northern Ireland
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Freedom Cosmetics Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
27,872 
27,872 
Current assets
Debtors
(56)
- 
Cash at bank and in hand
(1,638)
(2,442)
(1,694)
(2,442)
Creditors: amounts falling due within one year
(97,049)
(87,106)
Net current liabilities
(98,743)
(89,548)
Net liabilities
(70,871)
(61,676)
Capital and reserves
Capital contribution reserve
26,636 
26,636 
Profit and loss account
(97,507)
(88,312)
Shareholders' funds
(70,871)
(61,676)
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 members have 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 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 and authorised for issue on 20 January 2025 and were signed on its behalf by
sherry o'reilly -olivia ann Director Company Registration No. NI673350
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Freedom Cosmetics Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Freedom Cosmetics Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI673350. The registered office is 18 Valley Road, Ballymartin, Newry, County Down, BT34 4UF, Northern Ireland.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2023
27,872 
At 31 October 2024
27,872 
Amortisation
At 1 November 2023
- 
At 31 October 2024
- 
Net book value
At 31 October 2024
27,872 
At 31 October 2023
27,872 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
(56)
- 
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Freedom Cosmetics Ltd Notes to the Accounts for the year ended 31 October 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
4,000 
VAT
- 
(8,000)
Trade creditors
7,229 
29,261 
Taxes and social security
51,420 
23,445 
Loans from directors
38,400 
38,400 
97,049 
87,106 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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