Freelogics Creations Limited

Contents
	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Report of the Accountant to the directors of Freelogics Creations Limited

These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 January 2025.

We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.

On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.

You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.

The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.

Signed

31/10/2025

van Dijk Accountants Limited

Georgian House

34 Thoroughfare

Halesworth

Suffolk

IP19 8AP

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Freelogics Creations Limited

Balance Sheet

As At 31 January 2025

Balance Sheet

Registered number: 11179838

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	3		6,408		10,290

			6,408		10,290
CURRENT ASSETS
Cash at bank and in hand		175		106

		175		106
Creditors: Amounts Falling Due Within One Year	4	(20,282 )		(16,963 )

NET CURRENT ASSETS (LIABILITIES)			(20,107 )		(16,857 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(13,699 )		(6,567 )

Creditors: Amounts Falling Due After More Than One Year	5		(527 )		(2,595 )

NET LIABILITIES			(14,226 )		(9,162 )

CAPITAL AND RESERVES
Called up share capital	7		1,002		1,002
Profit and Loss Account			(15,228 )		(10,164 )

SHAREHOLDERS' FUNDS			(14,226)		(9,162)

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Freelogics Creations Limited

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 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

Mr L Mulligan

Director

31/10/2025

The notes on pages 4 to 6 form part of these financial statements.

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Freelogics Creations Limited

Notes to the Financial Statements

For The Year Ended 31 January 2025

Notes to the Financial Statements

1. Accounting Policies

1.1. 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.

1.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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.

1.3. 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:

Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Computer Equipment	20% reducing balance

1.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 2 (2024: 2)

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Freelogics Creations Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

3. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 February 2024	16,749	19,195	255	36,199

As at 31 January 2025	16,749	19,195	255	36,199

Depreciation
As at 1 February 2024	13,393	12,365	151	25,909
Provided during the period	2,154	1,707	21	3,882

As at 31 January 2025	15,547	14,072	172	29,791

Net Book Value
As at 31 January 2025	1,202	5,123	83	6,408

As at 1 February 2024	3,356	6,830	104	10,290

4. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	2,068	2,068
Trade creditors	1,140	-
Accruals and deferred income	1,080	1,080
Directors' loan accounts	15,994	13,815

	20,282	16,963

5. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	527	2,595

	527	2,595

6. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The maturity of these amounts is as follows:
Within one year	2,068	2,068
Between one and five years	527	2,595

	2,595	4,663

	2,595	4,663

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Freelogics Creations Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,002	1,002

8. General Information

Freelogics Creations Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11179838 . The registered office is Georgian House, 34 Thoroughfare, Halesworth, Suffolk, IP19 8AP.

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