Freeland Rees Roberts Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 05399379 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

FREELAND REES ROBERTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H J Freeland

G F Riley

E Marsden

T Gomez Duran

A Hobohm

REGISTERED OFFICE:

25 City Road

Cambridge

Cambridgeshire

CB1 1DP

REGISTERED NUMBER:

05399379 (England and Wales)

ACCOUNTANTS:

Thompson Taraz Rand Ltd

Chartered Accountants

10 Jesus Lane

Cambridge

Cambridgeshire

CB5 8BA

FIXED ASSETS

Tangible assets

5

20,383

17,602

CURRENT ASSETS

Stocks

199,838

86,500

Debtors

6

203,729

144,062

Cash at bank and in hand

278,343

220,281

681,910

450,843

CREDITORS

Amounts falling due within one year

7

(166,128

)

(93,973

)

NET CURRENT ASSETS

515,782

356,870

TOTAL ASSETS LESS CURRENT LIABILITIES

536,165

374,472

PROVISIONS FOR LIABILITIES

(3,573

)

(2,900

)

NET ASSETS

532,592

371,572

CAPITAL AND RESERVES

Called up share capital

8

160,000

160,000

Retained earnings

372,592

211,572

SHAREHOLDERS' FUNDS

532,592

371,572

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2024 and were signed on its behalf by:

E Marsden - Director

1.	STATUTORY INFORMATION

Freeland Rees Roberts Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover comprises revenue recognised by the company in respect of architectural services supplied during the year, exclusive of Value Added Tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and 15%, 25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 16 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2022

229,984

Additions

8,688

At 30 April 2023

238,672

DEPRECIATION

At 1 May 2022

212,382

Charge for year

5,907

At 30 April 2023

218,289

NET BOOK VALUE

At 30 April 2023

20,383

At 30 April 2022

17,602

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

189,828

129,491

Amounts owed by group undertakings

2,838

2,838

Other debtors

11,063

11,733

203,729

144,062

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

10,183

10,911

Taxation and social security

136,598

61,207

Other creditors

19,347

21,855

166,128

93,973

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

1,600

Ordinary

£100

160,000

160,000

9.	OTHER FINANCIAL COMMITMENTS

During the year under review rent is paid at £55,620 for the year for the premises. This represents an ongoing lease of the premises.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date a balance of £14,118 (2022: £14,131) was owed to the directors and disclosed within other creditors. This balance bears no interest and is repayable on demand.

11.	ULTIMATE PARENT PARTY

The Company is controlled by Freeland Rees Roberts (Holdings) Limited which in turn is ultimately controlled by an Employee Ownership Trust.