FREESTART PUBLIC LIMITED COMPANY

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Auditor

Fairhurst Audit Services Ltd

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“As set out in the strategic report, the company continued to trade strongly this year and the directors believe that it is experiencing good levels of sales growth and profitability. Therefore, they believe that the company is well places to manage its business risk successfully and accordingly they have a reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “The principal activity of the company remained the provision of cost-effective yet high-quality internet services and web development tailored to a wide range of business needs. While the trading environment during the year presented several challenges, including economic uncertainty and increased operational costs, we are pleased to report that the company still achieved a modest profit.”
• “This is particularly encouraging given the substantial investments we have made during the year in developing and implementing new remote work processes. These initiatives, while affecting short-term profitability, are expected to deliver tangible operational efficiencies and client service improvements over the coming year.”
• “Turnover for the year saw a slight decrease compared to the previous year, reflecting the cautious climate in which many of our clients have operated. However, we remain optimistic about the future. The introduction of our new remote worker monitoring system is designed to enhance individual accountability and performance, and we anticipate this will positively impact both productivity and turnover going forward.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -3.2%

  £2,918,936 → £2,826,463

• Cash

  +336.7%

  £136,391 → £595,592

• Net assets

  -50.3%

  £933,641 → £464,104

• Employees

  0%

  48 → 48

• Operating profit

  -85.6%

  £211,607 → £30,485

• Profit before tax

  -83%

  £212,568 → £36,037

• Wages

  +3.4%

  £1,374,583 → £1,421,055

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers