Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 06404379 Mr Christopher Porter A.P.R. Secretaries Limited iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06404379 2023-05-31 06404379 2024-05-31 06404379 2023-06-01 2024-05-31 06404379 frs-core:Non-currentFinancialInstruments 2024-05-31 06404379 frs-core:FurnitureFittings 2023-06-01 2024-05-31 06404379 frs-core:MotorVehicles 2023-06-01 2024-05-31 06404379 frs-core:PlantMachinery 2023-06-01 2024-05-31 06404379 frs-core:ShareCapital 2024-05-31 06404379 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 06404379 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06404379 frs-bus:AbridgedAccounts 2023-06-01 2024-05-31 06404379 frs-bus:SmallEntities 2023-06-01 2024-05-31 06404379 frs-bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 06404379 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 06404379 frs-core:CostValuation 2023-05-31 06404379 frs-core:CostValuation 2024-05-31 06404379 frs-bus:Director1 2023-06-01 2024-05-31 06404379 frs-bus:CompanySecretary1 2023-06-01 2024-05-31 06404379 frs-countries:EnglandWales 2023-06-01 2024-05-31 06404379 2022-05-31 06404379 2023-05-31 06404379 2022-06-01 2023-05-31 06404379 frs-core:Non-currentFinancialInstruments 2023-05-31 06404379 frs-core:ShareCapital 2023-05-31 06404379 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 06404379
Freelance (EU) Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 May 2024
Unaudited Financial Statements
Contents
Page
Accountants' Report 1
Abridged Balance Sheet 2—3
Notes to the Abridged Financial Statements 4—5
Page 1
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Freelance (EU) Limited for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Freelance (EU) Limited for the year ended 31 May 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Freelance (EU) Limited , as a body, in accordance with the terms of our engagement letter dated 06 April 2023. Our work has been undertaken solely to prepare for your approval the accounts of Freelance (EU) Limited and state those matters that we have agreed to state to the director of Freelance (EU) Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Freelance (EU) Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that Freelance (EU) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Freelance (EU) Limited . You consider that Freelance (EU) Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Freelance (EU) Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
22 October 2024
A. P. Robinson
Chartered Accountants
107 Cleethorpe Road
Grimsby
North East Lincs
DN31 3ER
Page 1
Page 2
Abridged Balance Sheet
Registered number: 06404379
2024 2023
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,280,834 1,230,231
Investments 5 102 102
1,280,936 1,230,333
CURRENT ASSETS
Debtors 6 245,399 55,602
Cash at bank and in hand 28,304 3,525
273,703 59,127
Creditors: Amounts Falling Due Within One Year (1,356,758 ) (1,017,296 )
NET CURRENT ASSETS (LIABILITIES) (1,083,055 ) (958,169 )
TOTAL ASSETS LESS CURRENT LIABILITIES 197,881 272,164
Creditors: Amounts Falling Due After More Than One Year (91,151 ) (118,977 )
NET ASSETS 106,730 153,187
CAPITAL AND RESERVES
Called up share capital 7 102 102
Profit and Loss Account 106,628 153,085
SHAREHOLDERS' FUNDS 106,730 153,187
Page 2
Page 3
For the year ending 31 May 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 May 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Christopher Porter
Director
22 October 2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Abridged Financial Statements
1. General Information
Freelance (EU) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06404379 . The registered office is 107 Cleethorpe Road, Grimsby, North East Lincolnshire, DN31 3ER.
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. 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:
Plant & Machinery 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Total
£
Cost
As at 1 June 2023 1,691,222
Additions 131,316
As at 31 May 2024 1,822,538
Depreciation
As at 1 June 2023 460,991
Provided during the period 80,713
As at 31 May 2024 541,704
Net Book Value
As at 31 May 2024 1,280,834
As at 1 June 2023 1,230,231
5. Investments
Total
£
Cost
As at 1 June 2023 102
As at 31 May 2024 102
Provision
As at 1 June 2023 -
As at 31 May 2024 -
Net Book Value
As at 31 May 2024 102
As at 1 June 2023 102
Page 4
Page 5
6. Debtors
2024 2023
as restated
£ £
Due after more than one year
Amounts owed by group undertakings 234,854 55,602
234,854 55,602
7. Share Capital
2024 2023
as restated
£ £
Allotted, Called up and fully paid 102 102
Page 5