Freelance Euro Services (Mlxix) Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: SC260980 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2017

FOR

FREELANCE EURO SERVICES (MLXIX) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

K B Wood

SECRETARY:

Mrs C Cuthbertson

REGISTERED OFFICE:

94 Forbesfield Road

Aberdeen

Scotland

AB15 4PA

REGISTERED NUMBER:

SC260980 (Scotland)

ACCOUNTANTS:

GWAS Limited

Suite 2, Unit 14, First Floor

Platts Eyot

Lower Sunbury Road

Hampton

Middlesex

TW12 2HF

CURRENT ASSETS

Debtors

5

17,382

20,289

Cash at bank

7,184

7,340

24,566

27,629

CREDITORS

Amounts falling due within one year

6

20,274

27,520

NET CURRENT ASSETS

4,292

109

TOTAL ASSETS LESS CURRENT LIABILITIES

4,292

109

CREDITORS

Amounts falling due after more than one year

7

4,167

-

NET ASSETS

125

109

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

25

9

SHAREHOLDERS' FUNDS

125

109

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 12 September 2017 and were signed by:

K B Wood - Director

1.	STATUTORY INFORMATION

Freelance Euro Services (Mlxix) Limited is a private company, limited by shares , registered in Scotland. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 6 April 2016

and 5 April 2017

729

DEPRECIATION

At 6 April 2016

and 5 April 2017

729

NET BOOK VALUE

At 5 April 2017

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.17

5.4.16

£

£

Trade debtors

1,345

-

Other debtors

16,037

20,289

17,382

20,289

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.17

5.4.16

£

£

Bank loans and overdrafts

5,000

-

Taxation and social security

15,274

26,770

Other creditors

-

750

20,274

27,520

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

5.4.17

5.4.16

£

£

Bank loans

4,167

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

5.4.17

5.4.16

value:

£

£

100

Ordinary

£1

100

100

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 5 April 2017 and 5 April 2016:

5.4.17

5.4.16

£

£

K B Wood

Balance outstanding at start of year

20,289

9,628

Amounts advanced

28,185

10,661

Amounts repaid

(38,969

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,505

20,289

10.	RELATED PARTY DISCLOSURES

K B Wood

A Limited liability partnership which K Wood is a member.

Both the director and company are members of Glen May LLP. Any funds received by Freelance Euro Services

(MLXIX) Limited in it's capacity as a bare trustee for the Glen May LLP are paid over to Glen May LLP. During

the year the amount involved was £92,852 (2016 £22,176).