REGISTERED NUMBER: 07004520 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

FRII-WORLD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

F O Dawood

Mrs N Dawood

Registered office:

Unit 3

Redwing Court Business Centre

Ashton Road

Romford

Essex

RM3 8QQ

Registered number:

07004520 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Tangible assets

4

4,103

6,046

Current assets

Debtors

5

60,196

27,220

Cash at bank

9,989

21,213

70,185

48,433

Creditors

Amounts falling due within one year

6

600,562

467,080

Net current liabilities

(530,377

)

(418,647

)

Total assets less current liabilities

(526,274

)

(412,601

)

Provisions for liabilities

7

990

1,360

Net liabilities

(527,264

)

(413,961

)

Capital and reserves

Called up share capital

8

1,000

1,000

Retained earnings

9

(528,264

)

(414,961

)

Shareholders' funds

(527,264

)

(413,961

)

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 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 Profit and Loss Account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Mrs N Dawood - Director

F O Dawood - Director

1.	Statutory information

FRII-World 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.

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Going concern

The financial statements have been prepared on a going concern basis. The company continues to be supported by the director and its associated companies.

3.	Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4.	Tangible fixed assets

Computer

equipment

£

Cost

At 1 January 2024

and 31 December 2024

11,041

Depreciation

At 1 January 2024

4,995

Charge for year

1,943

At 31 December 2024

6,938

Net book value

At 31 December 2024

4,103

At 31 December 2023

6,046

5.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

29,480

21,699

Other debtors

30,716

5,521

60,196

27,220

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Trade creditors

59,257

78,373

Other creditors

541,305

388,707

600,562

467,080

7.	Provisions for liabilities

2024

2023

£

£

Deferred tax

990

1,360

Deferred tax

£

Balance at 1 January 2024

1,360

Provided during year

(370

)

Balance at 31 December 2024

990

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary

£1

1,000

1,000

9.

Reserves

Retained

earnings

£

At 1 January 2024

(414,961

)

Deficit for the year

(113,303

)

At 31 December 2024

(528,264

)