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REGISTERED NUMBER: 08605535 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2023

FOR

FREEMONT BAXTER LIMITED

FREEMONT BAXTER LIMITED (REGISTERED NUMBER: 08605535)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FREEMONT BAXTER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTORS: R D Higgs
Miss E L P Lewis





REGISTERED OFFICE: 45 Bridge Street
Usk
Monmouthshire
NP15 1BQ





REGISTERED NUMBER: 08605535 (England and Wales)





ACCOUNTANTS: Paul Munson & Co
Limited Liability Partnership
45 Bridge Street
Usk
Monmouthshire
NP15 1BQ

FREEMONT BAXTER LIMITED (REGISTERED NUMBER: 08605535)

BALANCE SHEET
31ST JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,834 15,893

CURRENT ASSETS
Debtors 5 9,377 50,926
Prepayments and accrued income 1,335 280
Cash at bank and in hand 65,130 26,883
75,842 78,089
CREDITORS
Amounts falling due within one year 6 81,639 53,363
NET CURRENT (LIABILITIES)/ASSETS (5,797 ) 24,726
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,037

40,619

CREDITORS
Amounts falling due after more than
one year

7

-

37,966
NET ASSETS 12,037 2,653

FREEMONT BAXTER LIMITED (REGISTERED NUMBER: 08605535)

BALANCE SHEET - continued
31ST JULY 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11,937 2,553
SHAREHOLDERS' FUNDS 12,037 2,653

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

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

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 17th April 2024 and were signed on its behalf by:





Miss E L P Lewis - Director


FREEMONT BAXTER LIMITED (REGISTERED NUMBER: 08605535)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023

1. STATUTORY INFORMATION

Freemont Baxter 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.

The directors consider the going concern basis of accounts preparation appropriate because as the company's primary creditor they have undertaken to support the company for the foreseeable future.

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.

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.


FREEMONT BAXTER LIMITED (REGISTERED NUMBER: 08605535)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023

2. ACCOUNTING POLICIES - continued
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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st August 2022 42,357 - 2,828 45,185
Additions 3,670 1,305 1,139 6,114
At 31st July 2023 46,027 1,305 3,967 51,299
DEPRECIATION
At 1st August 2022 27,942 - 1,350 29,292
Charge for year 3,617 261 295 4,173
At 31st July 2023 31,559 261 1,645 33,465
NET BOOK VALUE
At 31st July 2023 14,468 1,044 2,322 17,834
At 31st July 2022 14,415 - 1,478 15,893

FREEMONT BAXTER LIMITED (REGISTERED NUMBER: 08605535)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Trade debtors 9,377 50,926

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Bank loans and overdrafts 16,667 5,555
Trade creditors 35,734 15,161
Taxation and social security 27,327 27,090
Other creditors 1,911 5,557
81,639 53,363

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2023 2022
£    £   
Bank loans - 37,966

Amounts falling due in more than five years:

Repayable by instalments
Bounce Back Loan - 37,966