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Registered number: 11672891
Freyda Limited
Financial Statements
For The Year Ended 31 December 2024
Oakensen (Bristol) Limited
Chartered Accountants
Westbury Court Church Road
Westbury-on-Trym
Bristol
BS9 3EF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11672891
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 138 277
138 277
CURRENT ASSETS
Debtors 5 57,556 45,509
Cash at bank and in hand 186,466 88,265
244,022 133,774
Creditors: Amounts Falling Due Within One Year 6 (66,747 ) (31,120 )
NET CURRENT ASSETS (LIABILITIES) 177,275 102,654
TOTAL ASSETS LESS CURRENT LIABILITIES 177,413 102,931
Creditors: Amounts Falling Due After More Than One Year 7 (33,325 ) (34,196 )
NET ASSETS 144,088 68,735
CAPITAL AND RESERVES
Called up share capital 8 1 1
Share premium account 160,001 160,001
Profit and Loss Account (15,914 ) (91,267 )
SHAREHOLDERS' FUNDS 144,088 68,735
Page 1
Page 2
For the year ending 31 December 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms D L Lawrence
Director
22 July 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Freyda Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11672891 . The registered office is Suite 9, Westbury Court Church Road, Westbury-On-Trym, Bristol, BS9 3EF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 3 years straight line method.
2.4. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 5)
6 5
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 8,395
As at 31 December 2024 8,395
Depreciation
As at 1 January 2024 8,118
Provided during the period 139
As at 31 December 2024 8,257
Net Book Value
As at 31 December 2024 138
As at 1 January 2024 277
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 5,700 4,573
Other debtors 134 -
Corporation tax recoverable assets 51,722 40,936
57,556 45,509
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,044 -
Other taxes and social security 12,470 14,761
Other creditors 7,263 14,159
Accruals and deferred income 45,970 2,200
66,747 31,120
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 33,325 34,196
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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