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REGISTERED NUMBER: 09146648 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE OLD FRIENDS LIMITED

THE OLD FRIENDS LIMITED (REGISTERED NUMBER: 09146648)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


THE OLD FRIENDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr G Wilson
Mrs A Wilson
Miss I M Wilson



REGISTERED OFFICE: 49 Soutergate
Ulverston
LA12 7ES



REGISTERED NUMBER: 09146648 (England and Wales)



BANKERS: Santander UK plc
225 Dalton Road
Barrow-in-Furness
Cumbria
LA14 1QU

THE OLD FRIENDS LIMITED (REGISTERED NUMBER: 09146648)

ABRIDGED BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 12,585 12,265

CURRENT ASSETS
Stocks 3,000 3,113
Cash at bank and in hand 124,669 77,500
127,669 80,613
CREDITORS
Amounts falling due within one year 78,798 32,207
NET CURRENT ASSETS 48,871 48,406
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,456

60,671

CREDITORS
Amounts falling due after more than one
year

24,545

30,089
NET ASSETS 36,911 30,582

CAPITAL AND RESERVES
Called up share capital 5 2 2
Retained earnings 36,909 30,580
SHAREHOLDERS' FUNDS 36,911 30,582

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

THE OLD FRIENDS LIMITED (REGISTERED NUMBER: 09146648)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by:





Mr G Wilson - Director


THE OLD FRIENDS LIMITED (REGISTERED NUMBER: 09146648)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

The Old Friends 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding VAT

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 10% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

THE OLD FRIENDS LIMITED (REGISTERED NUMBER: 09146648)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024 43,978
Additions 1,558
Disposals (483 )
At 31 December 2024 45,053
DEPRECIATION
At 1 January 2024 31,713
Charge for year 1,238
Eliminated on disposal (483 )
At 31 December 2024 32,468
NET BOOK VALUE
At 31 December 2024 12,585
At 31 December 2023 12,265

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
2 Ordinary £1 2 2

6. ULTIMATE CONTROLLING PARTY

The controlling party is Mr and Mrs G Wilson.