2023-11-01 SC201037 2024-10-31 SC201037 2023-11-01 2024-10-31 SC201037 2023-10-31 SC201037 2022-11-01 2023-10-31 SC201037 uk-core:WithinOneYear 2023-10-31 SC201037 uk-core:WithinOneYear 2024-10-31 SC201037 uk-core:AfterOneYear 2023-10-31 SC201037 uk-core:AfterOneYear 2024-10-31 SC201037 uk-core:ShareCapital 2024-10-31 SC201037 uk-core:ShareCapital 2023-10-31 SC201037 uk-core:SharePremium 2024-10-31 SC201037 uk-core:SharePremium 2023-10-31 SC201037 uk-core:RetainedEarningsAccumulatedLosses 2024-10-31 SC201037 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 SC201037 uk-bus:Director1 2023-11-01 2024-10-31 SC201037 uk-core:ComputerEquipment 2023-11-01 2024-10-31 SC201037 uk-core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 SC201037 uk-core:ComputerEquipment 2023-10-31 SC201037 uk-core:FurnitureFittingsToolsEquipment 2023-10-31 SC201037 uk-core:PlantMachinery 2023-10-31 SC201037 uk-core:PlantMachinery 2023-11-01 2024-10-31 SC201037 uk-core:PlantMachinery 2024-10-31 SC201037 uk-core:FurnitureFittingsToolsEquipment 2024-10-31 SC201037 uk-core:ComputerEquipment 2024-10-31 SC201037 uk-core:WithinOneYear 2024-10-31 SC201037 uk-core:WithinOneYear 2023-10-31 SC201037 uk-core:WithinOneYear 2023-11-01 2024-10-31 SC201037 uk-core:AfterOneYear uk-core:Secured 2024-10-31 SC201037 uk-core:AfterOneYear uk-core:Secured 2023-10-31 iso4217:GBP xbrli:pure SC201037 uk-bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 SC201037 uk-bus:FRS102 2023-11-01 2024-10-31 SC201037 uk-bus:FilletedAccounts 2023-11-01 2024-10-31 SC201037 uk-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31
Freak Marketing Limited
Registered Number:SC201037
For the year ended 31 October 2024
Scotland
Unaudited Financial Statements
2
For the year ended 31 October 2024
Freak Marketing Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
SC201037
As at 31 October 2024
Freak Marketing Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
2,100
1,352
2
2,100
1,352
Current assets
Trade and other receivables
15,251
19,274
3
266,184
Cash and cash equivalents
229,351
248,625
281,435
Trade and other payables: amounts falling due within one
year
(156,107)
(129,178)
4
125,328
119,447
Net current assets
Total assets less current liabilities
121,547
126,680
Trade and other payables: amounts falling due after more
than one year
(30,746)
(10,762)
5
110,785
Net assets
95,934
Capital and reserves
Called up share capital
200
200
Share premium account
9,970
9,970
Retained earnings
100,615
85,764
110,785
95,934
Shareholders' funds
For the year ended 31 October 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Jeremy Hill Director
These financial statements were approved and authorised for issue by the Board on 16 July 2025 and were signed by:
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4
Registered Number :
SC201037
For the year ended 31 October 2024
Freak Marketing Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 October 2024
Freak Marketing Limited
Notes to the Financial Statements
Statutory Information
Freak Marketing Limited is a private limited company, limited by shares, domiciled in Scotland, registration number
SC201037.
Registered address:
1 Inverleith Gardens
Edinburgh
EH3 5PU
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25 Straight line
Computer Equipment
25 Straight line
Furniture and Fittings
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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6
For the year ended 31 October 2024
Freak Marketing Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 November 2023
22,623
16,180
5,251
1,192
1,416
1,416
-
-
Additions
At 31 October 2024
1,192
5,251
17,596
24,039
Provision for depreciation and impairment
At 01 November 2023
21,271
15,424
5,251
596
Charge for year
668
370
-
298
At 31 October 2024
21,939
15,794
5,251
894
At 31 October 2024
Net book value
298
-
1,802
2,100
At 31 October 2023
596
-
756
1,352
3. Trade and other receivables
2023
2024
£
£
Trade debtors
17,537
14,050
Other debtors
1,737
1,201
15,251
19,274
Short-term debtors are measured at fair value at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and measured subsequently at amortised cost using the effective interest method, less any impairment.
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
9,992
-
Trade creditors
2,103
1,775
Taxation and social security
21,868
32,548
Other creditors
95,215
121,784
129,178
156,107
Short-term creditors are measured at the transaction price. Other financial laibilities, 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.
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7
For the year ended 31 October 2024
Freak Marketing Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
10,762
30,746
6. Average number of persons employed
During the year the average number of employees was 1 (2023 : 3)
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