Freesand EV Chargers Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06839898 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

FREESAND EV CHARGERS LIMITED

Page

Balance sheet

1

Notes to the financial statements

2

Fixed assets

Tangible assets

4

-

9

Current assets

Debtors

5

2,892

28,501

Cash at bank

115

135

3,007

28,636

Creditors

Amounts falling due within one year

6

1,524

21,017

Net current assets

1,483

7,619

Total assets less current liabilities

1,483

7,628

Capital and reserves

Called up share capital

7

100

100

Retained earnings

1,383

7,528

Shareholders' funds

1,483

7,628

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 March 2022 and were signed on its behalf by:

Mr C Sandham - Director

1.	Statutory information

Freesand EV Chargers Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 06839898. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and the business address is 4 Old School Lane, Owermoigne, Dorchester, Dorset, DT2 8HS.

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 income received from that of consultancy services 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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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.

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 2 (2020 - 2 ) .

4.	Tangible fixed assets

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

Cost

At 1 April 2020

193

14,318

14,511

Disposals

(193

)

(14,318

)

(14,511

)

At 31 March 2021

-

-

-

Depreciation

At 1 April 2020

184

14,318

14,502

Eliminated on disposal

(184

)

(14,318

)

(14,502

)

At 31 March 2021

-

-

-

Net book value

At 31 March 2021

-

-

-

At 31 March 2020

9

-

9

5.

Debtors: amounts falling due within one year

2021

2020

£

£

Other debtors

2,515

28,501

Tax

377

-

2,892

28,501

6.

Creditors: amounts falling due within one year

2021

2020

£

£

Trade creditors

-

1,386

Tax

-

386

Directors' current accounts

330

18,141

Accruals and deferred income

1,194

1,104

1,524

21,017

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary

£1

100

100

8.	Ultimate controlling party

There is no one person who is deemed to have ultimate control of the company.