FREEDOM2TRADE LIMITED

Company Registration Number:
03999708 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

FREEDOM2TRADE LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2023

Balance sheet
Notes

FREEDOM2TRADE LIMITED

Balance sheet

As at 31 July 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 11,229 1,396
Investments:   0 0
Total fixed assets: 11,229 1,396
Current assets
Debtors: 4 63,803 68,915
Cash at bank and in hand: 132 0
Investments: 5 28,765 22,557
Total current assets: 92,700 91,472
Creditors: amounts falling due within one year: 6 (43,489) (59,344)
Net current assets (liabilities): 49,211 32,128
Total assets less current liabilities: 60,440 33,524
Creditors: amounts falling due after more than one year: 7 (29,001) (24,091)
Total net assets (liabilities): 31,439 9,433
Capital and reserves
Called up share capital: 10,000 10,000
Profit and loss account: 21,439 (567)
Shareholders funds: 31,439 9,433

The notes form part of these financial statements

FREEDOM2TRADE LIMITED

Balance sheet statements

For the year ending 31 July 2023 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 18 October 2023
and signed on behalf of the board by:

Name: Malcolm Stamford
Status: Director

The notes form part of these financial statements

FREEDOM2TRADE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable and represents the amounts receivable for services provided in the normal course of business net of value added tax.

Tangible fixed assets and depreciation policy

Depreciation is provided for on a written down value basis on all plant, machinery, office equipment and motor vehicles on the following basis:Office F&F Office Equipment (inc. Computers) 25% per annumMotor Vehicles 20% per annum

FREEDOM2TRADE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

2. Employees

2023 2022
Average number of employees during the period 2 1

FREEDOM2TRADE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible Assets

Total
Cost £
At 01 August 2022 24,218
Additions 12,729
At 31 July 2023 36,947
Depreciation
At 01 August 2022 22,822
Charge for year 2,896
At 31 July 2023 25,718
Net book value
At 31 July 2023 11,229
At 31 July 2022 1,396

FREEDOM2TRADE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Debtors

2023 2022
££
Debtors due after more than one year: 18,750 12,550

FREEDOM2TRADE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Current investments

Investment in a private limited company Mellinsus Renewables Ltd, a Renewable Energy Project Management operation which is linked by common directorship.

FREEDOM2TRADE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

6. Creditors: amounts falling due within one year note

Trade Creditors £13,142 (2022:£17,489); HSBC Bounce Back Loan £6,394 (2022:£6,394); Vehicle Finance £4,896 (2022:£nil) HMRC PAYE/NI £7,541 (2022: £2,402); Corporation tax due £3,876 (2022: £nil); Bank overdraft £5,781 (2022: £1,561)

FREEDOM2TRADE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

7. Creditors: amounts falling due after more than one year note

Bounce Back Loan £16,651 (2022 (£18,341); Vehicle Finance £6,600 (2022: £nil) Subordinated shareholder loan £5,750 (2022: £5,750)