Freshway Management Services Limited
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Company registration number 04846276
Date
Approval date of the accounts by the board 04/04/2025
Date
Date of signing on the audit/accountants report 04/04/2025
Date of engagement letter (required for Date
CA and ACCA reports)
Person signing directors' report:
Name of director Richard Farrow
Or, name of secretary
Name of director signing balance sheet Andrew Farrow
Address of registered office:
Address line 1 Redhills Farm
Address line 2 Harlington Road
City or town Toddington
County or region Beds
Postcode LU5 6HF
Name of senior statutory auditor
Name of auditors/accountants SBA (Bedford) Ltd
Type of firm (eg Chartered Accountants) Accountants
Address of auditors/accountants
Address line 1 136 Bedford Road
Address line 2 Barton-Le-Clay
City or town Beford
County or region MK45 4LR
Postcode
Prior year adjustments (+ for a gain; - for a loss) £
Correction of prior year errors
Effect of retrospective changes in accounting policies
More info on prior year adjustments
Number Number
Average number of persons employed by the company 7 8
Freehold land & buildings if
revalued amounts shown in trial balance: £ £
historical cost
cumulative depreciation based on cost
£ £
Amounts due after more than one year included in debtors
Amounts included in creditors falling due for payment
after more than five years: £ £
Payable otherwise than by installment
Payable by installment
£ £
Secured bank loans included in creditors
Capital commitments: £ £
contracted
Total future payments due under non-cancellable £ £
operating leases
Freshway Management Services Limited
Registered number: 04846276
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 7,391 9,498
Investments 4 28,520 48,626
35,911 58,124
Current assets
Stocks 360 360
Debtors 5 167,871 144,228
Investments held as current assets 65,000 65,000
Cash at bank and in hand 154,227 109,544
387,458 319,132
Creditors: amounts falling due within one year 6 (327,274) (312,791)
Total assets less current 60,184 6,341
liabilities
Total assets less current liabilities 96,095 64,465
Creditors: amounts falling due after more than one year 7 - -
Net assets 96,095 64,465
Capital and reserves
Called up share capital 100 100
Profit and loss account 95,995 64,365
Shareholders' funds 96,095 64,465
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Andrew Farrow
Director
Approved by the board on 4 April 2025
Freshway Management Services Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. 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
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 8
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 38,796 20,500 59,296
Additions 357 - 357
At 30 September 2024 39,153 20,500 59,653
Depreciation
At 1 October 2023 37,946 11,852 49,798
Charge for the year 302 2,162 2,464
At 30 September 2024 38,248 14,014 52,262
Net book value
At 30 September 2024 905 6,486 7,391
At 30 September 2023 850 8,648 9,498
4 Investments
Other
investments
£
Cost
At 1 October 2023 48,625
Disposals (20,105)
At 30 September 2024 28,520
5 Debtors 2024 2023
£ £
Trade debtors 163,725 140,178
Other debtors 4,146 4,050
167,871 144,228
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 83,967 83,866
Corporation tax 62,101 35,563
Other taxes and social security costs 52,252 13,641
Other creditors 128,954 179,721
327,274 312,791
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors - -
- -
8 Other information
Freshway Management Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Redhills Farm
Harlington Road
Toddington
Beds
LU5 6HF
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