Freeway Fleet Systems Limited

Registered Number: 03077775 Freeway Fleet Systems Limited
Statement of Financial Position
As at 31 December 2024

	Notes	2024 £	2024 £
Fixed assets
Tangible fixed assets	3	21,443	28,640
Investments	4	50	50
		21,493	28,690
Current assets
Debtors: amounts falling due within one year	5	394,562	402,110
Cash at bank and in hand		268,117	348,409
		662,679	750,519
Creditors: amount falling due within one year	6	(197,791)	(302,977)
Net current assets		464,888	447,542

Total assets less current liabilities		486,381	476,232
Net assets		486,381	476,232

Capital and reserves
Called up share capital	7	2	2
Profit and loss account		486,379	476,230
Shareholders' funds		486,381	476,232

For the period ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 30 September 2025 and were signed by:

-------------------------------
J.P.E. Tandy
Director

Freeway Fleet Systems Limited
Notes to the Financial Statements
For the Period 01 April 2024 to 31 December 2024

General Information

Freeway Fleet Systems Limited is a private company, limited by shares, registered in England and Wales, registration number 03077775, registration address Unit 15 City Business Centre, Lower Road, LONDON, SE16 2XB.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and under the historical cost convention in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, 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:

Motor Vehicles	25% Straight Line
Fixtures and Fittings	25% Reducing Balance
Computer Equipment	25% Straight Line

2.	Average number of employees Average number of employees during the period was 5 (2024 : 5).

Tangible fixed assets

Cost or valuation	Motor Vehicles	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£
At 01 April 2024	33,415	5,904	49,008	88,327
Additions	-	-	3,670	3,670
Disposals	-	-	44,102	44,102
At 31 December 2024	33,415	5,904	96,780	136,099
Depreciation
At 01 April 2024	8,353	4,779	46,555	59,687
Charge for period	8,353	371	2,143	10,867
On disposals	-	-	44,102	44,102
At 31 December 2024	16,706	5,150	92,800	114,656
Net book values
Closing balance as at 31 December 2024	16,709	754	3,980	21,443
Opening balance as at 01 April 2024	25,062	1,125	2,453	28,640

Investments

Cost	Other investments other than loans	Total
	£	£
At 01 April 2024	50	50
Additions	-	-
Disposals	-	-
At 31 December 2024	50	50

The company owns 100% of the ordinary share capital of Freeway Fleet Systems Limited (New Zealand) which it incorporated in 2020. Freeway Fleet Systems Limited (New Zealand) is incorporated in the New Zealand. See note 11 for more details of the subsidiary company.

Debtors: amounts falling due within one year

	2024 £	2024 £
Trade Debtors	275,720	279,138
Amount Owed by Group Undertakings	118,842	118,842
Other Debtors	-	4,025
Interest Receivable and Other Income	-	105
	394,562	402,110

The group undertakings referred to above is the subsidiary company Freeway Fleet Systems Limited (New Zealand) - see note 11.

Creditors: amount falling due within one year

	2024 £	2024 £
Trade Creditors	390	-
Pension contributions owing	1,200	1,941
Corporation Tax	20,058	1,986
PAYE & Social Security	11,238	12,320
Accrued Expenses	35,527	214,159
Other Creditors	3,614	3,875
Directors' Current Accounts	52,861	16,045
VAT	72,903	52,651
	197,791	302,977

Share Capital

Authorised
500 Class A shares of £1.00 each
500 Class B shares of £1.00 each
249,500 Class C shares of £1.00 each
249,500 Class D shares of £1.00 each

Allotted, called up and fully paid	2024 £	2024 £
2 Class A shares of £1.00 each	2	2
0 Class B share of £1.00 each	-	-
0 Class C share of £1.00 each	-	-
0 Class D share of £1.00 each	-	-
	2	2

Registered Number: 03077775
England and Wales
FREEWAY FLEET SYSTEMS LIMITED

Unaudited Financial Statements

Period of accounts Start date: 01 April 2024 End date: 31 December 2024