Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30true2023-10-01falsesupply and fit new or repair exisiting garage doors1213trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04539127 2023-10-01 2024-09-30 04539127 2022-10-01 2023-09-30 04539127 2024-09-30 04539127 2023-09-30 04539127 c:Director1 2023-10-01 2024-09-30 04539127 d:PlantMachinery 2023-10-01 2024-09-30 04539127 d:PlantMachinery 2024-09-30 04539127 d:PlantMachinery 2023-09-30 04539127 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04539127 d:MotorVehicles 2023-10-01 2024-09-30 04539127 d:MotorVehicles 2024-09-30 04539127 d:MotorVehicles 2023-09-30 04539127 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04539127 d:FurnitureFittings 2023-10-01 2024-09-30 04539127 d:FurnitureFittings 2024-09-30 04539127 d:FurnitureFittings 2023-09-30 04539127 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04539127 d:OfficeEquipment 2023-10-01 2024-09-30 04539127 d:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 04539127 d:OtherPropertyPlantEquipment 2024-09-30 04539127 d:OtherPropertyPlantEquipment 2023-09-30 04539127 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04539127 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04539127 d:Goodwill 2024-09-30 04539127 d:Goodwill 2023-09-30 04539127 d:CurrentFinancialInstruments 2024-09-30 04539127 d:CurrentFinancialInstruments 2023-09-30 04539127 d:Non-currentFinancialInstruments 2024-09-30 04539127 d:Non-currentFinancialInstruments 2023-09-30 04539127 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 04539127 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 04539127 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 04539127 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 04539127 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 04539127 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 04539127 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 04539127 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 04539127 d:ShareCapital 2024-09-30 04539127 d:ShareCapital 2023-09-30 04539127 d:SharePremium 2024-09-30 04539127 d:SharePremium 2023-09-30 04539127 d:RetainedEarningsAccumulatedLosses 2024-09-30 04539127 d:RetainedEarningsAccumulatedLosses 2023-09-30 04539127 c:FRS102 2023-10-01 2024-09-30 04539127 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 04539127 c:FullAccounts 2023-10-01 2024-09-30 04539127 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04539127 2 2023-10-01 2024-09-30 04539127 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 04539127









FREELANCE ENTRY SOLUTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
FREELANCE ENTRY SOLUTIONS LIMITED
REGISTERED NUMBER: 04539127

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
48,342
45,189

  
48,342
45,189

Current assets
  

Stocks
 6 
79,063
141,165

Debtors: amounts falling due within one year
 7 
60,234
58,460

Cash at bank and in hand
 8 
497,407
651,722

  
636,704
851,347

Creditors: amounts falling due within one year
 9 
(454,959)
(630,928)

Net current assets
  
 
 
181,745
 
 
220,419

Total assets less current liabilities
  
230,087
265,608

Creditors: amounts falling due after more than one year
 10 
(11,667)
(21,667)

  

Net assets
  
218,420
243,941


Capital and reserves
  

Called up share capital 
  
1,005
1,005

Share premium account
  
4,995
4,995

Profit and loss account
  
212,420
237,941

  
218,420
243,941


Page 1

 
FREELANCE ENTRY SOLUTIONS LIMITED
REGISTERED NUMBER: 04539127
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 February 2025.




................................................
Lee Nicholson
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
FREELANCE ENTRY SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

The Company is a private company limited by share capital incorporated in England and Wales. The principal place of business is Unit 28, Glenmore Business Park, Telford Road, Salisbury, Wiltshire, SP2 7GL. The principal activity of the Company throughout the year is to supply and fit new or repair exisiting garage doors.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
FREELANCE ENTRY SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
FREELANCE ENTRY SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15% reducing balance
Motor vehicles
-
20% reducing balance
Fixtures and fittings
-
15% reducing balance
Office equipment
-
15% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
FREELANCE ENTRY SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2023 - 13).


4.


Intangible assets




Goodwill

£



Cost


At 1 October 2023
61,600



At 30 September 2024

61,600



Amortisation


At 1 October 2023
61,600



At 30 September 2024

61,600



Net book value



At 30 September 2024
-



At 30 September 2023
-



Page 6

 
FREELANCE ENTRY SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 October 2023
18,671
132,606
7,834
27,682
186,793


Additions
9,495
-
2,441
1,190
13,126



At 30 September 2024

28,166
132,606
10,275
28,872
199,919



Depreciation


At 1 October 2023
9,765
108,215
6,424
17,200
141,604


Charge for the year on owned assets
2,762
4,879
578
1,754
9,973



At 30 September 2024

12,527
113,094
7,002
18,954
151,577



Net book value



At 30 September 2024
15,639
19,512
3,273
9,918
48,342



At 30 September 2023
8,906
24,391
1,410
10,482
45,189


6.


Stocks

2024
2023
£
£

Stock on hand
79,063
141,165

79,063
141,165


Page 7

 
FREELANCE ENTRY SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Debtors

2024
2023
£
£


Trade debtors
52,309
51,564

Other debtors
1,000
1,000

Prepayments and accrued income
6,925
5,896

60,234
58,460



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
497,407
651,722

497,407
651,722



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
37,858
37,885

Amounts owed to group undertakings
234,680
374,122

Corporation tax
7,276
27,447

Other taxation and social security
20,716
16,677

Other creditors
141,934
162,422

Accruals and deferred income
2,495
2,375

454,959
630,928



10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
11,667
21,667

11,667
21,667


Page 8

 
FREELANCE ENTRY SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000

Amounts falling due 2-5 years

Bank loans
1,667
11,667


21,667
31,667



12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £5,383 (2023 - £6,432). Contributions totalling £Nil (2023 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.


13.


Controlling party

IAE Ventures Limited, owns the majority shares in the Company. IAE Ventures Limited is controlled by Lee and Tara Nicholson.

 
Page 9