Free B Gadgets Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08178770 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

FREE B GADGETS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P Theodoulou

Mr D M Stavrou

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

08178770 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

4

40,361

16,084

CURRENT ASSETS

Stocks

5

259,552

250,369

Debtors

6

304,273

151,342

Cash at bank and in hand

11,722

7,557

575,547

409,268

CREDITORS

Amounts falling due within one year

7

256,682

137,700

NET CURRENT ASSETS

318,865

271,568

TOTAL ASSETS LESS CURRENT
LIABILITIES

359,226

287,652

CREDITORS

Amounts falling due after more than one
year

8

21,297

26,853

NET ASSETS

337,929

260,799

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

337,829

260,699

SHAREHOLDERS' FUNDS

337,929

260,799

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2026 and were signed on its behalf by:

Mr D M Stavrou - Director

Mr P Theodoulou - Director

1.	STATUTORY INFORMATION

Free B Gadgets 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.

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.

Turnover

Turnover represents amounts derived from the sale of goods and services to customers during the year, and is recognised at the date the risks and rewards of ownership of goods were transferred to the customer. This is stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets

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

Short leasehold

-

Over the term of lease

Fixtures and fittings

-

20% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

leasehold

fittings

Totals

£

COST

At 1 September 2024

8,362

52,379

60,741

Additions

-

35,592

At 31 August 2025

8,362

87,971

96,333

DEPRECIATION

At 1 September 2024

557

44,100

44,657

Charge for year

558

10,757

11,315

At 31 August 2025

1,115

54,857

55,972

NET BOOK VALUE

At 31 August 2025

7,247

33,114

40,361

At 31 August 2024

7,805

8,279

16,084

5.

STOCKS

31.8.25

31.8.24

£

Stocks

259,552

250,369

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Trade debtors

100,792

6,880

Prepayments and accrued income

203,481

144,462

304,273

151,342

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Bank loans and overdrafts

5,556

Trade creditors

114,659

53,189

Tax

18,002

19,709

Social security and other taxes

17,996

13,375

Pension

1,617

1,760

VAT

70,069

38,102

Amounts due to related company

22,066

-

Directors' current accounts

3,780

Accrued expenses

2,937

2,229

256,682

137,700

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.8.25

31.8.24

£

Bank loans - 1-2 years

5,556

Bank loans - 2-5 years

15,741

16,667

Bank loans more 5 yrs non-inst

-

4,630

21,297

26,853

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

-

4,630

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.25

31.8.24

value:

£

100

Ordinary

1

100