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Company Registration No. 07472344 (England and Wales)
FreeSourceUK Ltd Unaudited accounts for the year ended 31 December 2025
FreeSourceUK Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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FreeSourceUK Ltd Company Information for the year ended 31 December 2025
Directors
Richard Mark Squires Ruth Elizabeth Squires
Company Number
07472344 (England and Wales)
Registered Office
Sycamore Lodge, Holme House Farm Garth Row Lane, Skelsmergh Kendal LA8 9AQ
Accountants
Kate King Accountancy Services ltd Unit 2 Suite 5 Meadow Bank Business Park Sharp Road Kendal Cumbria LA9 6NY
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FreeSourceUK Ltd Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
2,314
2,341
Current assets
Inventories
-
5,880
Debtors
5
4,115
2,035
Cash at bank and in hand
6
-
4,121
7,915
Creditors: amounts falling due within one year
6
(11,383)
(7,667)
Net current (liabilities)/assets
(7,262)
248
Total assets less current liabilities
(4,948)
2,589
Creditors: amounts falling due after more than one year
7
-
(2,569)
Net (liabilities)/assets
(4,948)
20
Capital and reserves
Called up share capital
2
2
Profit and loss account
(4,950)
18
Shareholders' funds
(4,948)
20
For the year ending 31 December 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 May 2026 and were signed on its behalf by
Richard Mark Squires Director Company Registration No. 07472344
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FreeSourceUK Ltd Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
FreeSourceUK Ltd is a private company, limited by shares, registered in England and Wales, registration number 07472344. The registered office is Sycamore Lodge, Holme House Farm, Garth Row Lane, Skelsmergh, Kendal, LA8 9AQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% SL
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 January 2025
859
-
2,755
3,614
Additions
-
699
-
699
At 31 December 2025
859
699
2,755
4,313
Depreciation
At 1 January 2025
-
-
1,273
1,273
Charge for the year
-
175
551
726
At 31 December 2025
-
175
1,824
1,999
Net book value
At 31 December 2025
859
524
931
2,314
At 31 December 2024
859
-
1,482
2,341
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
4,115
2,035
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FreeSourceUK Ltd Notes to the Accounts for the year ended 31 December 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
3,617
2,682
Trade creditors
3,771
2,310
Taxes and social security
831
1,233
Loans from directors
2,629
907
Accruals
535
535
11,383
7,667
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
2,569
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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