Company registration number 09042571 (England and Wales)
FRESH EQUITY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
FRESH EQUITY LIMITED
BALANCE SHEET
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2024
2023
£
£
£
£
Fixed assets
114
465
Current assets
71,849
62,979
Creditors: amounts falling due within one year
(69,025)
(30,621)
Net current assets
2,824
32,358
Total assets less current liabilities
2,938
32,823
Creditors: amounts falling due after more than one year
(18,560)
(23,313)
Accruals and deferred income
(10,200)
(8,301)
Net (liabilities)/assets
(25,822)
1,209
Capital and reserves
(25,822)
1,209
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees
Advances of £13,796 were granted to the directors with these being fully repaid in the year. The amount due to the directors at 31 May 2024 was £58,541 (2023 - £7,273 due from the directors). Interest of £43 was charged on the loan (2023 - £265).
2
Employees
The average number of persons employed by the company during the year was as follows:
2024
2023
Number
Number
Employees
2
2
3
Going concern
The financial statements have been prepared on a going concern basis as the directors have confirmed that they will continue to support the company and will not request repayment of director loans until the financial circumstances of the company permit. The directors have also confirmed that they are willing to continue supporting the company with working capital as and when required for the foreseeable future.
Fresh Equity Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Moorings, 163 Darley Green Road, Knowle, Solihull, West Midlands, B93 8PU.
For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
FRESH EQUITY LIMITED
BALANCE SHEET (CONTINUED)
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 25 February 2025 and are signed on its behalf by:
P Isaacs
Director
Company Registration Number 09042571