IRIS Accounts Production v23.3.0.418 04660696 director 1.3.22 28.2.23 28.2.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046606962022-02-28046606962023-02-28046606962022-03-012023-02-28046606962021-02-28046606962021-03-012022-02-28046606962022-02-2804660696ns10:Originalns15:EnglandWales2022-03-012023-02-2804660696ns14:PoundSterlingns10:Original2022-03-012023-02-2804660696ns10:Originalns10:Director12022-03-012023-02-2804660696ns10:Original2022-03-012023-02-2804660696ns10:Original2023-02-2804660696ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2804660696ns10:Originalns10:SmallEntities2022-03-012023-02-2804660696ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2804660696ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2804660696ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2804660696ns10:Originalns10:FullAccounts2022-03-012023-02-2804660696ns10:Originalns10:RegisteredOffice2022-03-012023-02-2804660696ns10:Original2022-02-2804660696ns10:Originalns5:CurrentFinancialInstruments2023-02-2804660696ns10:Originalns5:CurrentFinancialInstruments2022-02-2804660696ns10:Originalns5:Non-currentFinancialInstruments2023-02-2804660696ns10:Originalns5:Non-currentFinancialInstruments2022-02-2804660696ns5:ShareCapitalns10:Original2023-02-2804660696ns5:ShareCapitalns10:Original2022-02-2804660696ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2804660696ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2804660696ns10:Originalns5:LeaseholdImprovements2022-03-012023-02-2804660696ns10:Originalns5:PlantMachinery2022-03-012023-02-2804660696ns10:Originalns5:MotorVehicles2022-03-012023-02-2804660696ns10:Originalns5:ComputerEquipment2022-03-012023-02-2804660696ns10:Original2021-03-012022-02-2804660696ns10:Originalns5:LeaseholdImprovements2022-02-2804660696ns10:Originalns5:PlantMachinery2022-02-2804660696ns10:Originalns5:MotorVehicles2022-02-2804660696ns10:Originalns5:ComputerEquipment2022-02-2804660696ns10:Original2022-02-2804660696ns10:Originalns5:LeaseholdImprovements2023-02-2804660696ns10:Originalns5:PlantMachinery2023-02-2804660696ns10:Originalns5:MotorVehicles2023-02-2804660696ns10:Originalns5:ComputerEquipment2023-02-2804660696ns10:Originalns5:LeaseholdImprovements2022-02-2804660696ns10:Originalns5:PlantMachinery2022-02-2804660696ns10:Originalns5:MotorVehicles2022-02-2804660696ns10:Originalns5:ComputerEquipment2022-02-2804660696ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2804660696ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2804660696ns10:Originalns5:CurrentFinancialInstruments2022-03-012023-02-2804660696ns10:Original1ns10:Director12022-02-2804660696ns10:Original1ns10:Director12021-02-2804660696ns10:Original1ns10:Director12022-03-012023-02-2804660696ns10:Original1ns10:Director12021-03-012022-02-2804660696ns10:Original1ns10:Director12023-02-2804660696ns10:Original1ns10:Director12022-02-28
REGISTERED NUMBER: 04660696 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Freeman Energy Limited

Freeman Energy Limited (Registered number: 04660696)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Freeman Energy Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: D A Freeman





REGISTERED OFFICE: Park House
37 Clarence Street
Leicester
LE1 3RW





REGISTERED NUMBER: 04660696 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Freeman Energy Limited (Registered number: 04660696)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 47,921 39,228

CURRENT ASSETS
Debtors 5 353,522 260,636
Cash at bank 204,235 103,350
557,757 363,986
CREDITORS
Amounts falling due within one year 6 (241,355 ) (159,601 )
NET CURRENT ASSETS 316,402 204,385
TOTAL ASSETS LESS CURRENT
LIABILITIES

364,323

243,613

CREDITORS
Amounts falling due after more than one
year

7

(24,116

)

(33,731

)

PROVISIONS FOR LIABILITIES (12,450 ) (7,454 )
NET ASSETS 327,757 202,428

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 327,747 202,418
SHAREHOLDERS' FUNDS 327,757 202,428

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

Freeman Energy Limited (Registered number: 04660696)

Balance Sheet - continued
28 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 October 2023 and were signed by:





D A Freeman - Director


Freeman Energy Limited (Registered number: 04660696)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Freeman Energy Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on reducing balance
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 5 (2022 - 5 ) .

Freeman Energy Limited (Registered number: 04660696)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 7,000 30,283 91,358 4,156 132,797
Additions - - 27,995 - 27,995
Disposals - - (13,890 ) - (13,890 )
At 28 February 2023 7,000 30,283 105,463 4,156 146,902
DEPRECIATION
At 1 March 2022 2,520 22,315 65,361 3,373 93,569
Charge for year 896 1,992 12,591 196 15,675
Eliminated on disposal - - (10,263 ) - (10,263 )
At 28 February 2023 3,416 24,307 67,689 3,569 98,981
NET BOOK VALUE
At 28 February 2023 3,584 5,976 37,774 587 47,921
At 28 February 2022 4,480 7,968 25,997 783 39,228

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 283,162 214,266
Other debtors 70,360 46,370
353,522 260,636

Other debtors includes prepayments and accrued income of £6,585 (2022: £7,043)

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 9,911 9,963
Trade creditors 114,177 78,530
Taxation and social security 101,040 56,950
Other creditors 16,227 14,158
241,355 159,601

Other creditors includes accruals and deferred income of £3,503 (2022: £3,339).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 24,116 33,731

Freeman Energy Limited (Registered number: 04660696)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
D A Freeman
Balance outstanding at start of year - -
Amounts advanced 35,506 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 35,506 -