Freeze Creative Design Ltd,Ltd - AccountsLtd - Accounts

Freeze Creative Design Ltd,Ltd - AccountsLtd - Accounts

FREEZE CREATIVE DESIGN LTD - Company Information

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2020-01-01 08332766 2020-12-31 08332766 2020-01-01 2020-12-31 08332766 2019-12-31 08332766 2019-01-01 2019-12-31 08332766 uk-core:WithinOneYear 2019-12-31 08332766 uk-core:WithinOneYear 2020-12-31 08332766 uk-core:ShareCapital 2020-12-31 08332766 uk-core:ShareCapital 2019-12-31 08332766 uk-core:RetainedEarningsAccumulatedLosses 2020-12-31 08332766 uk-core:RetainedEarningsAccumulatedLosses 2019-12-31 08332766 uk-bus:Director1 2020-01-01 2020-12-31 08332766 uk-bus:Director2 2020-01-01 2020-12-31 08332766 uk-core:NetGoodwill 2020-01-01 2020-12-31 08332766 uk-core:FurnitureFittings 2020-01-01 2020-12-31 08332766 uk-core:Goodwill 2019-12-31 08332766 uk-core:Goodwill 2020-12-31 08332766 uk-core:Goodwill 2020-01-01 2020-12-31 08332766 uk-core:WithinOneYear 2020-12-31 08332766 uk-core:WithinOneYear 2019-12-31 iso4217:GBP xbrli:pure 08332766 uk-bus:AuditExemptWithAccountantsReport 2020-01-01 2020-12-31 08332766 uk-bus:FRS102 2020-01-01 2020-12-31 08332766 uk-bus:FullAccounts 2020-01-01 2020-12-31 08332766 uk-bus:PrivateLimitedCompanyLtd 2020-01-01 2020-12-31
Freeze Creative Design Ltd
Registered Number:08332766
For the year ended 31 December 2020
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2020
Freeze Creative Design Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
08332766
As at 31 December 2020
Freeze Creative Design Ltd
Statement of Financial Position
£
£
2019
2020
Notes
Fixed assets
Intangible assets
3,000
4,000
2
Property, plant and equipment
3,475
4,090
3
6,475
8,090
Current assets
Trade and other receivables
48,714
24,923
4
50,848
Cash and cash equivalents
80,448
105,371
99,562
Trade and other payables: amounts falling due within
one year
(42,737)
(86,662)
5
56,825
18,709
Net current assets
Total assets less current liabilities
25,184
64,915
25,184
Net assets
64,915
Capital and reserves
Called up share capital
100
100
Retained earnings
25,084
64,815
25,184
64,915
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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4
Registered Number :
08332766
For the year ended 31 December 2020
Freeze Creative Design Ltd
Statement of Financial Position Continued
Mr Jamie Pryer Director
Mrs Natalie Pryer Director
These financial statements were approved and authorised for issue by the Board on 08 June 2021 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 December 2020
Freeze Creative Design Ltd
Notes to the Financial Statements
Statutory Information
Freeze Creative Design Ltd is a private limited company, limited by shares, domiciled in England and
Wales, registration number 08332766.
Principal place of business:
Unit 8 Audley Court
Fison Way Industrial Estate
Thetford
Norfolk
IP24 1HT
Registered address:
Belmont House
20 King Street
Thetford
Norfolk
IP24 2AP
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of 10 years.
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:
15% Reducing balance
Fixtures and fittings
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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6
For the year ended 31 December 2020
Freeze Creative Design Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 January 2020
10,000
At 31 December 2020
10,000
Amortisation
At 01 January 2020
6,000
1,000
Charge for year
At 31 December 2020
7,000
Net book value
At 31 December 2020
3,000
At 31 December 2019
4,000
3. Property, plant and equipment
Fixtures and
fittings
£
Cost or
valuation
At 01 January 2020
7,705
At 31 December 2020
7,705
Provision for depreciation and impairment
At 01 January 2020
3,615
Charge for year
615
At 31 December 2020
4,230
At 31 December 2020
Net book value
3,475
At 31 December 2019
4,090
4. Trade and other receivables
2019
2020
£
£
Trade debtors
24,923
47,089
Other debtors
-
1,625
48,714
24,923
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7
For the year ended 31 December 2020
Freeze Creative Design Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Bank loans and overdraft
50,000
-
Trade creditors
787
2,905
Taxation and social security
25,196
30,554
Other creditors
10,679
9,278
86,662
42,737
6. Average number of persons employed
During the year the average number of employees was 5 (2019 : 5)
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