Company Registration No. 10424674 (England and Wales)
Freakout Ltd.
Unaudited accounts
for the year ended 31 October 2018
Freakout Ltd.
Unaudited accounts
Contents
Freakout Ltd.
Company Information
for the year ended 31 October 2018
Company Number
10424674 (England and Wales)
Registered Office
Moreton House
31 High Street
Buckingham
MK18 1NU
United Kingdom
Accountants
Anthistle Craven
Moreton House
31 High Street
Buckingham
Bucks
MK18 1NU
Freakout Ltd.
Statement of financial position
as at
31 October 2018
Cash at bank and in hand
26,540
-
Creditors: amounts falling due within one year
(12,875)
1
Net current assets
13,665
1
Total assets less current liabilities
15,335
1
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
15,017
-
Shareholders' funds
15,018
1
For the year ending 31 October 2018 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 director acknowledges his 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.
Approved by the Board on 19 June 2019.
Mr M M Copeland
Director
Company Registration No. 10424674
Freakout Ltd.
Notes to the Accounts
for the year ended 31 October 2018
Freakout Ltd. is a private company, limited by shares, registered in England and Wales, registration number 10424674. The registered office is Moreton House, 31 High Street, Buckingham, MK18 1NU, United Kingdom. The principal place of business is 458 Metro Central Heights, 119 Newington Causeway, London, SE1 6DT, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
25% Reducing Balance
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
5
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
12,064
-
Loans from directors
31
(1)
Freakout Ltd.
Notes to the Accounts
for the year ended 31 October 2018
6
Average number of employees
During the year the average number of employees was 2 (2017: 0).