IRIS Accounts Production v23.2.0.158 05758350 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure057583502022-03-31057583502023-03-31057583502022-04-012023-03-31057583502021-03-31057583502021-04-012022-03-31057583502022-03-3105758350ns16:EnglandWales2022-04-012023-03-3105758350ns15:PoundSterling2022-04-012023-03-3105758350ns11:Director12022-04-012023-03-3105758350ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3105758350ns11:SmallEntities2022-04-012023-03-3105758350ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3105758350ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3105758350ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3105758350ns11:FullAccounts2022-04-012023-03-310575835012022-04-012023-03-3105758350ns11:Director22022-04-012023-03-3105758350ns11:CompanySecretary12022-04-012023-03-3105758350ns11:RegisteredOffice2022-04-012023-03-3105758350ns6:CurrentFinancialInstruments2023-03-3105758350ns6:CurrentFinancialInstruments2022-03-3105758350ns6:ShareCapital2023-03-3105758350ns6:ShareCapital2022-03-3105758350ns6:RetainedEarningsAccumulatedLosses2023-03-3105758350ns6:RetainedEarningsAccumulatedLosses2022-03-3105758350ns6:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3105758350ns6:PlantMachinery2022-04-012023-03-3105758350ns6:NetGoodwill2022-03-3105758350ns6:NetGoodwill2023-03-3105758350ns6:NetGoodwill2022-03-3105758350ns6:PlantMachinery2022-03-3105758350ns6:PlantMachinery2023-03-3105758350ns6:PlantMachinery2022-03-3105758350ns6:AdditionsToInvestments2023-03-3105758350ns6:CostValuation2023-03-3105758350ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3105758350ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31
REGISTERED NUMBER: 05758350 (England and Wales)










Unaudited Financial Statements

For The Year Ended 31 March 2023

for

Basil Freeman And Son Transport Ltd

Basil Freeman And Son Transport Ltd (Registered number: 05758350)






Contents of the Financial Statements
For The Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Basil Freeman And Son Transport Ltd

Company Information
For The Year Ended 31 March 2023







DIRECTORS: M I Freeman
Mrs C M Freeman





SECRETARY: Mrs C M Freeman





REGISTERED OFFICE: Goodridge Court
Goodridge Avenue
Gloucester
Gloucestershire
GL2 5EN





REGISTERED NUMBER: 05758350 (England and Wales)





ACCOUNTANTS: Kingscott Dix Limited
Chartered Accountants
Goodridge Court
Goodridge Avenue
Gloucester
Gloucestershire
GL2 5EN

Basil Freeman And Son Transport Ltd (Registered number: 05758350)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 121,601 161,317
Investments 6 200,000 -
321,601 161,317

CURRENT ASSETS
Debtors 7 150,089 234,079
Cash at bank and in hand 935,433 852,291
1,085,522 1,086,370
CREDITORS
Amounts falling due within one year 8 172,107 214,340
NET CURRENT ASSETS 913,415 872,030
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,235,016

1,033,347

PROVISIONS FOR LIABILITIES 12,876 29,403
NET ASSETS 1,222,140 1,003,944

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,222,040 1,003,844
SHAREHOLDERS' FUNDS 1,222,140 1,003,944

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Basil Freeman And Son Transport Ltd (Registered number: 05758350)

Balance Sheet - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2023 and were signed on its behalf by:





M I Freeman - Director


Basil Freeman And Son Transport Ltd (Registered number: 05758350)

Notes to the Financial Statements
For The Year Ended 31 March 2023

1. STATUTORY INFORMATION

Basil Freeman And Son Transport Ltd 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 and 25% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 14 ) .

Basil Freeman And Son Transport Ltd (Registered number: 05758350)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 500,000
AMORTISATION
At 1 April 2022
and 31 March 2023 500,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 329,207
Additions 19,600
At 31 March 2023 348,807
DEPRECIATION
At 1 April 2022 167,890
Charge for year 59,316
At 31 March 2023 227,206
NET BOOK VALUE
At 31 March 2023 121,601
At 31 March 2022 161,317

6. FIXED ASSET INVESTMENTS
Other
loans
£   
New in year 200,000
At 31 March 2023 200,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 137,546 205,904
Other debtors 12,543 28,175
150,089 234,079

Basil Freeman And Son Transport Ltd (Registered number: 05758350)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 32,605 61,344
Taxation and social security 91,187 142,084
Other creditors 48,315 10,912
172,107 214,340