Company Registration No. 7570500 (England and Wales)
Freeway Resources Ltd
Unaudited accounts
for the year ended 31 March 2020
Freeway Resources Ltd
Unaudited accounts
Contents
Freeway Resources Ltd
Company Information
for the year ended 31 March 2020
Directors
Joanne Seymour
Donna Seymour
Company Number
7570500 (England and Wales)
Registered Office
3 MALVERN VIEW
MAIN STREET BISHAMPTON
WORCESTER
WORCESTERSHIRE
WR10 2LX
Accountants
Freeman Bookkeeping & Accounts Ltd
Badger House
Oldmixon Crescent
Weston Super Mare
Somerset
BS24 9AY
Freeway Resources Ltd
Statement of financial position
as at 31 March 2020
Cash at bank and in hand
1,630
617
Creditors: amounts falling due within one year
(7,634)
(7,835)
Net current liabilities
(5,464)
(7,152)
Net liabilities
(5,464)
(7,152)
Called up share capital
100
100
Profit and loss account
(5,564)
(7,252)
Shareholders' funds
(5,464)
(7,152)
For the year ending 31 March 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 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 22 December 2020 and were signed on its behalf by
Joanne Seymour
Director
Company Registration No. 7570500
Freeway Resources Ltd
Notes to the Accounts
for the year ended 31 March 2020
Freeway Resources Ltd is a private company, limited by shares, registered in England and Wales, registration number 7570500. The registered office is 3 MALVERN VIEW, MAIN STREET BISHAMPTON, WORCESTER, WORCESTERSHIRE, WR10 2LX.
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:
4
Tangible fixed assets
Total
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to Director
3,235
-
635
2,600
6
Average number of employees
During the year the average number of employees was 1 (2019: 1).
