1 January 2025 false No description of principal activity Taxfiler 2024.6 09455817 business:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 09455817 2024-12-31 09455817 2025-01-01 2025-12-31 09455817 business:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 09455817 business:FilletedAccounts 2025-01-01 2025-12-31 09455817 2025-12-31 09455817 business:Director1 2025-01-01 2025-12-31 09455817 business:Director2 2025-01-01 2025-12-31 09455817 business:RegisteredOffice 2025-01-01 2025-12-31 09455817 2024-12-31 09455817 core:WithinOneYear 2025-12-31 09455817 core:WithinOneYear 2024-12-31 09455817 core:ShareCapital core:PreviouslyStatedAmount 2025-12-31 09455817 core:ShareCapital core:PreviouslyStatedAmount 2024-12-31 09455817 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-12-31 09455817 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-12-31 09455817 core:PreviouslyStatedAmount 2025-12-31 09455817 core:PreviouslyStatedAmount 2024-12-31 09455817 business:SmallEntities 2025-01-01 2025-12-31 09455817 countries:EnglandWales 2025-01-01 2025-12-31 09455817 core:PlantMachinery 2025-01-01 2025-12-31 09455817 core:FurnitureFittings 2025-01-01 2025-12-31 09455817 core:ComputerEquipment 2025-01-01 2025-12-31 09455817 core:PlantMachinery 2024-12-31 09455817 core:FurnitureFittings 2024-12-31 09455817 core:ComputerEquipment 2024-12-31 09455817 core:PlantMachinery 2025-12-31 09455817 core:FurnitureFittings 2025-12-31 09455817 core:ComputerEquipment 2025-12-31 09455817 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Company Registration No. 09455817 (England and Wales)
Freet Footwear Ltd Unaudited accounts for the year ended 31 December 2025
Freet Footwear Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Freet Footwear Ltd Company Information for the year ended 31 December 2025
Directors
SJ Jackson AG Jackson
Company Number
09455817 (England and Wales)
Registered Office
16 High Garth Richmond North Yorkshire DL10 4DG
Accountants
Pearson & Associates Suite E, Canal Wharf Eshton Road Gargrave, Skipton North Yorkshire BD23 3SE
- 3 -
Freet Footwear Ltd Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
15,809
14,450
Current assets
Inventories
484,795
352,485
Debtors
5
32,936
72,867
Cash at bank and in hand
349,094
384,835
866,825
810,187
Creditors: amounts falling due within one year
6
(124,750)
(143,746)
Net current assets
742,075
666,441
Total assets less current liabilities
757,884
680,891
Provisions for liabilities
Deferred tax
(6,808)
(3,612)
Net assets
751,076
677,279
Capital and reserves
Called up share capital
10
10
Profit and loss account
751,066
677,269
Shareholders' funds
751,076
677,279
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 13 May 2026 and were signed on its behalf by
SJ Jackson Director Company Registration No. 09455817
- 4 -
Freet Footwear Ltd Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Freet Footwear Ltd is a private company, limited by shares, registered in England and Wales, registration number 09455817. The registered office is 16 High Garth, Richmond, North Yorkshire, DL10 4DG.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
33% on Cost
Fixtures & fittings
33% on Cost
Computer equipment
33% on Cost
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
Freet Footwear Ltd Notes to the Accounts for the year ended 31 December 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 January 2025
44,500
5,400
8,810
58,710
Additions
8,153
-
4,631
12,784
At 31 December 2025
52,653
5,400
13,441
71,494
Depreciation
At 1 January 2025
33,161
4,577
6,522
44,260
Charge for the year
8,809
753
1,863
11,425
At 31 December 2025
41,970
5,330
8,385
55,685
Net book value
At 31 December 2025
10,683
70
5,056
15,809
At 31 December 2024
11,339
823
2,288
14,450
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
24,287
17,323
Accrued income and prepayments
-
18,816
Other debtors
8,649
36,728
32,936
72,867
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
28,005
14,539
Trade creditors
24,750
41,696
Taxes and social security
61,344
71,393
Other creditors
4,922
4,293
Loans from directors
3
293
Accruals
5,726
11,532
124,750
143,746
7
Average number of employees
During the year the average number of employees was 5 (2024: 5).
- 6 -