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Registered number: 6611143
Freedom Technologies (UK) Limited
Financial Statements
For The Year Ended 31 October 2023
Kennedy Johnson
83 Carlton Drive
Wigston
LE18 1DG
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 6611143
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 150 188
150 188
CURRENT ASSETS
Stocks 5 3,407 3,297
Debtors 6 6,323 11,071
Cash at bank and in hand 18,655 17,676
28,385 32,044
Creditors: Amounts Falling Due Within One Year 7 (1,687 ) (4,597 )
NET CURRENT ASSETS (LIABILITIES) 26,698 27,447
TOTAL ASSETS LESS CURRENT LIABILITIES 26,848 27,635
Creditors: Amounts Falling Due After More Than One Year 8 (42,742 ) (42,729 )
NET LIABILITIES (15,894 ) (15,094 )
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account (15,896 ) (15,096 )
SHAREHOLDERS' FUNDS (15,894) (15,094)
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Page 2
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Estwick George
Director
30/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Freedom Technologies (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 6611143 . The registered office is 11 Ayston Road, Leicester, LE2 2GA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance method
2.4. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 1 1
Sales, marketing and distribution 1 1
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 November 2022 2,374
As at 31 October 2023 2,374
Depreciation
As at 1 November 2022 2,186
Provided during the period 38
As at 31 October 2023 2,224
Net Book Value
As at 31 October 2023 150
As at 1 November 2022 188
5. Stocks
2023 2022
£ £
Stock 3,407 3,297
Page 3
Page 4
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 6,323 11,071
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 34 1,748
Other taxes and social security - 78
VAT 1,103 2,496
Accruals 550 275
1,687 4,597
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Directors loan account 42,742 42,729
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
10. Ultimate Controlling Party
The company's ultimate controlling party is Estwick George by virtue of his ownership of 100% of the issued share capital in the company.
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