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REGISTERED NUMBER: 12487306 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Freethought Services Limited

Freethought Services Limited (Registered number: 12487306)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Freethought Services Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: E J Dore
K M Jones
N Fothergill





REGISTERED OFFICE: Unit 5 Oak House
Witham Park
Waterside South
Lincoln
Lincolnshire
LN5 7FB





REGISTERED NUMBER: 12487306 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Oak Tree House, Harwood Road
Northminster Business Park
Upper Poppleton
York
YO26 6QU

Freethought Services Limited (Registered number: 12487306)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,284 13,469

CURRENT ASSETS
Debtors 5 3,784 8,255
Cash at bank 42,986 48,981
46,770 57,236
CREDITORS
Amounts falling due within one year 6 36,323 22,304
NET CURRENT ASSETS 10,447 34,932
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,731

48,401

PROVISIONS FOR LIABILITIES 7 2,321 2,559
NET ASSETS 17,410 45,842

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 17,310 45,742
SHAREHOLDERS' FUNDS 17,410 45,842

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Freethought Services Limited (Registered number: 12487306)

Balance Sheet - continued
30 June 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:





K M Jones - Director


Freethought Services Limited (Registered number: 12487306)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Freethought Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Related party exemption
All transactions entered into with companies under common control were concluded under normal market conditions, therefore no further disclosures is necessary in accordance with FRS102 section 1A

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group nor transactions with directors conducted at a market rate.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition
Income is recognised when the conditions contained within a contract for services have been met.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Freethought Services Limited (Registered number: 12487306)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2023 21,578
Additions 369
At 30 June 2024 21,947
DEPRECIATION
At 1 July 2023 8,109
Charge for year 4,554
At 30 June 2024 12,663
NET BOOK VALUE
At 30 June 2024 9,284
At 30 June 2023 13,469

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,684 8,069
Prepayments 100 186
3,784 8,255

Freethought Services Limited (Registered number: 12487306)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 590 1,888
Amounts owed to group undertakings 23,100 -
Taxation and social security 9,348 6,330
Other creditors - 2,346
Accruals and deferred income 3,285 11,740
36,323 22,304

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 2,321 2,559

Deferred
tax
£   
Balance at 1 July 2023 2,559
Provided during year (238 )
Balance at 30 June 2024 2,321

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
75 Ordinary £1 75 98
2 Ordinary A & B £1 2 2
23 Ordinary C £1 23 -
100 100

On 3 October 2023 23 Ordinary £1 shares were re-classified to 23 Ordinary C shares.

9. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Freethought Group Limited, a private company, limited by shares, registered in England and Wales. The company's registered office is Unit 5 Oak House, Witham Park, Waterside South, Lincoln, Lincolnshire, England, LN5 7FB.