| Registered Number:SC201037 |
For the year ended 31 October 2024
Scotland
Unaudited Financial Statements
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
Freak Marketing Limited
Statement of Financial Position
2023
2024
| Property, plant and equipment |
2,100
1,352
2
2,100
1,352
| 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
200
200
9,970
9,970
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. |
| These financial statements were approved and authorised for issue by the Board on 16 July 2025 and were signed by: |
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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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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. |
1 Inverleith Gardens
Edinburgh
EH3 5PU
| The presentation currency is £ sterling. |
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: |
Computer Equipment
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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For the year ended 31 October 2024
Freak Marketing Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
22,623
16,180
5,251
1,192
1,416
1,416
-
-
1,192
5,251
17,596
24,039
| Provision for depreciation and impairment |
21,271
15,424
5,251
596
Charge for year
668
370
-
298
21,939
15,794
5,251
894
298
-
1,802
2,100
596
-
756
1,352
| 3. Trade and other receivables |
2023
2024
17,537
14,050
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
9,992
-
2,103
1,775
| Taxation and social security |
21,868
32,548
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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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
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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