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FREDDY STORE LIMITED

Registered Number
14272568
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

FREDDY STORE LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

AZZOPARDI, Joel Melchior
DREYER, Kenneth Andre

Registered Address

International House
45-55 Commercial Street
London
E1 6BD

Registered Number

14272568 (England and Wales)
FREDDY STORE LIMITED
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Current assets
Stocks3367,118482,044
Debtors7,4676,928
Cash at bank and on hand31,78337,679
406,368526,651
Creditors amounts falling due within one year4(135,274)(224,418)
Net current assets (liabilities)271,094302,233
Total assets less current liabilities271,094302,233
Creditors amounts falling due after one year5(294,799)(299,403)
Net assets(23,705)2,830
Capital and reserves
Called up share capital11
Profit and loss account(23,706)2,829
Shareholders' funds(23,705)2,830
The financial statements were approved and authorised for issue by the Board of Directors on 17 February 2025, and are signed on its behalf by:
AZZOPARDI, Joel Melchior
Director
Registered Company No. 14272568
FREDDY STORE LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year24
3.Stocks

2024

2023

££
Other stocks367,118482,044
Total367,118482,044
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables135,274224,418
Total135,274224,418
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts294,799299,403
Total294,799299,403