Registered Number
:
07716846
|
For the year ended 31 December 2020
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2020
Freedom Support Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Freedom Support Limited
Statement of Financial Position
2019
2020
Property
,
plant and equipment
|
315,124
317,542
2
315,124
317,542
Trade and other receivables
|
124,670
146,817
3
211,455
Cash and cash equivalents
|
583,083
729,900
336,125
Trade and other payables
:
amounts falling due within one year
|
(145,184)
(173,572)
4
190,941
556,328
Net current assets
Total assets less current liabilities
|
871,452
508,483
Trade and other payables
:
amounts falling due after more than one
|
year
|
(194,978)
(419,873)
5
(3,189)
(3,431)
Provisions for liabilities
|
448,390
Net assets
310,074
10
10
448,379
310,063
1
1
448,390
310,074
Shareholders' funds
For the year ended 31 December 2020 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 of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
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For the year ended 31 December 2020
Freedom Support Limited
Statement of Financial Position Continued
Mrs Katy Beckett Director
|
These financial statements were approved and authorised for issue by the Board on 08 September 2021 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 December 2020
Freedom Support Limited
Notes to the Financial Statements
Statutory Information
Freedom Support Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration number
|
07716846
.
|
Staffordshire House
96 Stone Road
Stafford
Staffordshire
ST16 2RS
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial Reporting Standard
|
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the Companies Act
2006
.
The financial
|
statements have been prepared under the historical costs convention as modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Land and buildings
Plant and machinery
Computer equipment
Motor vehicles
Fixtures and fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 December 2020
Freedom Support Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
Motor vehicles
356,627
19,169
33,315
21,815
-
282,328
8,021
7,123
70
-
828
-
(4,438)
-
-
-
-
(4,438)
282,328
21,815
33,385
21,854
360,210
828
Provision for depreciation and impairment
|
39,085
11,317
15,155
12,613
-
-
Charge for year
10,057
4,815
2,734
2,301
207
-
(4,056)
(4,056)
-
-
-
-
45,086
12,076
17,889
14,914
207
-
282,328
621
6,901
15,496
9,778
315,124
282,328
-
9,202
18,160
7,852
317,542
3
.
Trade and other receivables
|
2019
2020
142,406
122,847
4,411
1,823
124,670
146,817
4
.
Trade and other payables
:
amounts falling due within one year
|
2019
2020
Bank loans and overdraft
(
secured
)
|
12,647
11,699
15,625
-
Taxation and social security
|
61,597
40,216
83,703
93,269
173,572
145,184
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For the year ended 31 December 2020
Freedom Support Limited
Notes to the Financial Statements Continued
5
.
Trade and other payables
:
amounts falling due after more than one year
|
2019
2020
234,375
-
Bank loans and overdraft
(
secured
)
|
185,498
194,978
419,873
194,978
6
.
Related party transactions
|
Included within other creditors is the balance of £
10
,
991
(
2019
-
£
19
,
635
)
in regards to the directors loan account
.
This loan is
|
interest free and has no fixed date of repayment
.
|
7
.
Average number of persons employed
|
During the year the average number of employees was 60 (2019 : 60)
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