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REGISTERED NUMBER: 05619201 (England and Wales)















Financial Statements for the Year Ended 30 November 2023

for

FREESTONE DESIGN LIMITED

FREESTONE DESIGN LIMITED (REGISTERED NUMBER: 05619201)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FREESTONE DESIGN LIMITED

Company Information
for the Year Ended 30 November 2023







DIRECTOR: C N Freestone





SECRETARY: Mrs H L Freestone





REGISTERED OFFICE: 32 Chestnut Avenue
Mickleover
Derby
DE3 9FT





REGISTERED NUMBER: 05619201 (England and Wales)





ACCOUNTANTS: Ian Lane Accountancy Services
Chartered Certified Accountants
32 Chestnut Avenue
Mickleover
Derby
DE3 9FT

FREESTONE DESIGN LIMITED (REGISTERED NUMBER: 05619201)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,458 876

CURRENT ASSETS
Debtors 5 423 2,531
Cash at bank 2,952 4,814
3,375 7,345
CREDITORS
Amounts falling due within one year 6 4,384 4,822
NET CURRENT (LIABILITIES)/ASSETS (1,009 ) 2,523
TOTAL ASSETS LESS CURRENT
LIABILITIES

449

3,399

PROVISIONS FOR LIABILITIES 276 165
NET ASSETS 173 3,234

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 73 3,134
SHAREHOLDERS' FUNDS 173 3,234

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 director and authorised for issue on 28 August 2024 and were signed by:



C N Freestone - Director


FREESTONE DESIGN LIMITED (REGISTERED NUMBER: 05619201)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Freestone Design 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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

FREESTONE DESIGN LIMITED (REGISTERED NUMBER: 05619201)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2022 1,003 3,471 4,474
Additions - 1,008 1,008
Disposals - (470 ) (470 )
At 30 November 2023 1,003 4,009 5,012
DEPRECIATION
At 1 December 2022 523 3,075 3,598
Charge for year 75 351 426
Eliminated on disposal - (470 ) (470 )
At 30 November 2023 598 2,956 3,554
NET BOOK VALUE
At 30 November 2023 405 1,053 1,458
At 30 November 2022 480 396 876

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 170 800
Amounts recoverable on contracts - 1,566
Prepayments 253 165
423 2,531

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Tax 696 1,767
Other creditors 141 271
Directors' current accounts 1,817 1,882
Accrued expenses 1,730 902
4,384 4,822

7. RELATED PARTY DISCLOSURES

The company is controlled by the director by virtue of his 100% holding of the issued share capital.

At 30 November 2023 the company owed £1,817 (2022 - £1,882) to Mr C N Freestone, the director of
the company, in the form of an interest free directors' current account.