FREEPART LIMITED

FREEPART LIMITED

FREEPART LIMITED - Company Information

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FREEPART LIMITED

Company Registration Number:
03421533 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2017

Period of accounts

Start date: 01 November 2016

End date: 31 October 2017

FREEPART LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2017

Balance sheet
Notes

FREEPART LIMITED

Balance sheet

As at 31 October 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets:   0 0
Total fixed assets: 0 0
Current assets
Stocks: 4,888,431 4,724,282
Cash at bank and in hand: 306,113 764,396
Total current assets: 5,194,544 5,488,678
Creditors: amounts falling due within one year:   (358,279) (749,442)
Net current assets (liabilities): 4,836,265 4,739,236
Total assets less current liabilities: 4,836,265 4,739,236
Creditors: amounts falling due after more than one year:   (1,450,721) (1,551,707)
Total net assets (liabilities): 3,385,544 3,187,529
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 3,385,444 3,187,429
Shareholders funds: 3,385,544 3,187,529

The notes form part of these financial statements

FREEPART LIMITED

Balance sheet statements

For the year ending 31 October 2017 the company was entitled to exemption 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 this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 03 July 2018
and signed on behalf of the board by:

Name: John Mifsud
Status: Director

The notes form part of these financial statements

FREEPART LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2017

1. Accounting policies

These financial statements have been prepared under the historical cost convention and in accordance with FRS 105, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

FREEPART LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2017

2. Related party transactions

Name of the related party: Ray Mifsud
Relationship:
Subcontractor
Description of the Transaction: During the year repair expenses of £10,851 (2016 £4,900) were paid to Ray Mifsud, the brother of the director John Mifsud. This amount is included in the cost of sales figure in the profit & loss account. The amount owed to Ray Mifsud at the balance sheet date was Nil (2016 Nil).
£
Balance at 01 November 2016 0
Balance at 31 October 2017 0