Company No: 06622024 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	6,213		4,261
Investments	4	501		1
		6,714		4,262
Current assets
Debtors	5	111,636		70,672
Cash at bank and in hand		580,803		679,754
		692,439		750,426
Creditors: amounts falling due within one year	6	( 155,975)		( 81,993)
Net current assets		536,464		668,433
Total assets less current liabilities		543,178		672,695
Net assets		543,178		672,695
Capital and reserves
Called-up share capital		0		0
Profit and loss account		543,178		672,695
Total shareholders' funds		543,178		672,695

For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Freelancer and Contractor Services Association Limited (registered number: 06622024) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

C Bryce Director

18 May 2026

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Freelancer and Contractor Services Association Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the company during the year, including directors	10		8

3. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 October 2024	12,743		12,743
Additions	4,919		4,919
At 30 September 2025	17,662		17,662
Accumulated depreciation
At 01 October 2024	8,482		8,482
Charge for the financial year	2,967		2,967
At 30 September 2025	11,449		11,449
Net book value
At 30 September 2025	6,213		6,213
At 30 September 2024	4,261		4,261

4. Fixed asset investments

	2025		2024
	£		£
Subsidiary undertakings	1		1
Other investments and loans	500		0
	501		1

Investments in subsidiaries

	2025
	£
Cost
At 01 October 2024	1
At 30 September 2025	1
Carrying value at 30 September 2025	1
Carrying value at 30 September 2024	1

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 October 2024	0		0
Additions	500		500
At 30 September 2025	500		500
Carrying value at 30 September 2025	500		500
Carrying value at 30 September 2024	0		0

5. Debtors

	2025		2024
	£		£
Trade debtors	27,468		18,034
Amounts owed by own subsidiaries	24,999		34,999
Amounts owed by connected companies	15,287		0
Corporation tax	29,577		0
Other debtors	14,305		17,639
	111,636		70,672

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	124,381		39,420
Taxation and social security	685		29,486
Other creditors	30,909		13,087
	155,975		81,993

7. Related party transactions

Transactions with entities in which the entity itself has a participating interest

	2025		2024
	£		£
At the balance sheet date, amounts due from subsidiary undertaking and connected companies.	41,112		34,999