FREEDOM2TRADE LIMITED

Company Registration Number:
03999708 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

FREEDOM2TRADE LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

FREEDOM2TRADE LIMITED

Company Information

for the Period Ended 31 July 2024




Director: GERARD M STAMFORD
Secretary: Malcolm Stamford
Registered office: Blythe & Co 206 Upper Richmond
Road West, London
SW14 8AH
Company Registration Number: 03999708 (England and Wales)

FREEDOM2TRADE LIMITED

Directors' Report Period Ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Principal Activities

Provision of financial and corporate finance advisory services and management accounting and tax structuring services

Political and charitable donations

Donations to Macmillan Cancer Research were made during the year.

Directors

The directors shown below have held office during the whole of the period from 01 August 2023 to 31 July 2024
GERARD M STAMFORD

Secretary
Malcolm Stamford

This report was approved by the board of directors on 10 September 2024
And Signed On Behalf Of The Board By:

Name: GERARD M STAMFORD
Status: Director

FREEDOM2TRADE LIMITED

Profit and Loss Account

for the Period Ended 31 July 2024


Notes

2024
£

2023
£
Gross Profit or (Loss) 134,173 110,521
Administrative Expenses ( 106,664 ) ( 83,163 )
Operating Profit or (Loss) 27,509 27,358
Interest Receivable and Similar Income 23 7
Interest Payable and Similar Charges ( 424 ) ( 463 )
Profit or (Loss) Before Tax 27,108 26,902
Tax on Profit ( 5,320 ) ( 162 )
Profit or (Loss) for Period 21,788 26,740

The notes form part of these financial statements

FREEDOM2TRADE LIMITED

Balance sheet

As at 31 July 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 8,931 11,229
Total fixed assets: 8,931 11,229
Current assets
Debtors: 5 97,798 92,568
Cash at bank and in hand: 3,238 132
Total current assets: 101,036 92,700
Creditors: amounts falling due within one year: 6 ( 38,855 ) ( 42,755 )
Net current assets (liabilities): 62,181 49,945
Total assets less current liabilities: 71,112 61,174
Creditors: amounts falling due after more than one year: 7 ( 21,885 ) ( 29,001 )
Provision for liabilities: ( 734 )
Total net assets (liabilities): 49,227 31,439

The notes form part of these financial statements

FREEDOM2TRADE LIMITED

Balance sheet continued

As at 31 July 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 10,000 10,000
Profit and loss account: 39,227 21,439
Shareholders funds: 49,227 31,439

For the year ending 31 July 2024 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 10 September 2024
And Signed On Behalf Of The Board By:

Name: GERARD M STAMFORD
Status: Director

The notes form part of these financial statements

FREEDOM2TRADE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    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 depreciation policy

    Depreciation is provided for on tangible assets over their useful lives at the following annual rates :
    Motor Vehicles 25% of capital value
    Office Equipment & Fittings 25% of written down value

FREEDOM2TRADE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 2 2

FREEDOM2TRADE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 3. Off balance sheet disclosure

    No

FREEDOM2TRADE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Tangible Assets

Total
Cost £
At 01 August 2023 36,947
Additions -
Disposals -
Revaluations -
Transfers -
At 31 July 2024 36,947
Depreciation
At 01 August 2023 25,718
Charge for year 2,298
On disposals -
Other adjustments -
At 31 July 2024 28,016
Net book value
At 31 July 2024 8,931
At 31 July 2023 11,229

Of these tangible assets £12,730 is represented by motor vehicles wholly owned by the company.

FREEDOM2TRADE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 5. Debtors


    2024
    £

    2023
    £
    Debtors due after more than one year: 25,255 18,765

    Debtors include sums owed to the company by a connected company of £35,55 (2023: £28,765)

FREEDOM2TRADE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

6. Creditors: amounts falling due within one year note

Creditors include Directors loans of £1,633 (2023: £2,839); HMRC PAYE & Corporation taxes due of £9,545 (2023: £7,703); HSBC Overdraft & Bounce Back loan of £8,763 (2023: £12,175); Dividends owing of £4,000 (2023: £2,000) and motor vehicle finance £700 (2023: £4,896).

FREEDOM2TRADE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

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

These creditors falling due after one year comprise a subordinated Shareholder loan of £5,750 (2023; £ 5,750) and HSBC Bounce Back loan repayable after one year of £16,136 (2023: £16,651)