Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-318true2024-01-01falseNo description of principal activity8trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02701403 2024-01-01 2024-12-31 02701403 2023-01-01 2023-12-31 02701403 2024-12-31 02701403 2023-12-31 02701403 c:Director1 2024-01-01 2024-12-31 02701403 d:PlantMachinery 2024-01-01 2024-12-31 02701403 d:PlantMachinery 2024-12-31 02701403 d:PlantMachinery 2023-12-31 02701403 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02701403 d:MotorVehicles 2024-01-01 2024-12-31 02701403 d:MotorVehicles 2024-12-31 02701403 d:MotorVehicles 2023-12-31 02701403 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02701403 d:FurnitureFittings 2024-01-01 2024-12-31 02701403 d:FurnitureFittings 2024-12-31 02701403 d:FurnitureFittings 2023-12-31 02701403 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02701403 d:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 02701403 d:OtherPropertyPlantEquipment 2024-12-31 02701403 d:OtherPropertyPlantEquipment 2023-12-31 02701403 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02701403 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02701403 d:Goodwill 2024-12-31 02701403 d:Goodwill 2023-12-31 02701403 d:CurrentFinancialInstruments 2024-12-31 02701403 d:CurrentFinancialInstruments 2023-12-31 02701403 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 02701403 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02701403 d:ShareCapital 2024-12-31 02701403 d:ShareCapital 2023-12-31 02701403 d:RetainedEarningsAccumulatedLosses 2024-12-31 02701403 d:RetainedEarningsAccumulatedLosses 2023-12-31 02701403 c:FRS102 2024-01-01 2024-12-31 02701403 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 02701403 c:FullAccounts 2024-01-01 2024-12-31 02701403 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02701403 2 2024-01-01 2024-12-31 02701403 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 02701403 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 02701403 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 02701403










FREEMAN AND HARDING LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
FREEMAN AND HARDING LTD
REGISTERED NUMBER: 02701403

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
8,101
9,270

Current assets
  

Stocks
  
236,916
241,201

Debtors: amounts falling due within one year
 6 
44,095
36,041

Cash at bank and in hand
 7 
405,271
389,220

  
686,282
666,462

Creditors: amounts falling due within one year
 8 
(186,197)
(143,482)

Net current assets
  
 
 
500,085
 
 
522,980

Total assets less current liabilities
  
508,186
532,250

Provisions for liabilities
  

Deferred tax
 9 
(2,700)
(2,750)

Net assets
  
505,486
529,500


Capital and reserves
  

Called up share capital 
  
5,000
5,000

Profit and loss account
  
500,486
524,500

  
505,486
529,500


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 February 2025.




S J Harding
Director
Page 1

 
FREEMAN AND HARDING LTD
REGISTERED NUMBER: 02701403

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024


The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
FREEMAN AND HARDING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


GENERAL INFORMATION

Freeman & Harding Limited is a limited liability company incorporated and domiciled in the UK. The address of the registered office is shown in the company information. This is different to the principal place of business, which is Units 2 & 4 Manford Industrial Estate, Manor Road, Erith, DA8 2AJ.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

REVENUE

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

OPERATING LEASES: THE COMPANY AS LESSEE

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
FREEMAN AND HARDING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

PENSIONS

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.7

INTANGIBLE ASSETS

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.8

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
FREEMAN AND HARDING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.8
TANGIBLE FIXED ASSETS (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant & machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures & fittings
-
25%
reducing balance
Moulds
-
reducing balance over the life of the moulds

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
FREEMAN AND HARDING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.13

PROVISIONS FOR LIABILITIES

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 8 (2023 - 8).


4.


INTANGIBLE ASSETS




Goodwill

£



Cost


At 1 January 2024
1,000



At 31 December 2024

1,000



Amortisation


At 1 January 2024
1,000



At 31 December 2024

1,000



Net book value



At 31 December 2024
-



At 31 December 2023
-



Page 6

 
FREEMAN AND HARDING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


TANGIBLE FIXED ASSETS





Plant & machinery
Motor vehicles
Fixtures & fittings
Moulds
Total

£
£
£
£
£



Cost or valuation


At 1 January 2024
31,292
13,290
20,855
167,053
232,490



At 31 December 2024

31,292
13,290
20,855
167,053
232,490



Depreciation


At 1 January 2024
28,156
13,220
19,291
162,553
223,220


Charge for the year on owned assets
769
17
381
-
1,167



At 31 December 2024

28,925
13,237
19,672
162,553
224,387



Net book value



At 31 December 2024
2,367
53
1,183
4,500
8,103



At 31 December 2023
3,136
70
1,564
4,500
9,270


6.


DEBTORS

2024
2023
£
£


Trade debtors
13,778
28,682

Other debtors
7,799
400

Prepayments and accrued income
22,518
6,959

44,095
36,041



7.


CASH AND CASH EQUIVALENTS

2024
2023
£
£

Cash at bank and in hand
405,271
389,220


Page 7

 
FREEMAN AND HARDING LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

8.


CREDITORS: Amounts falling due within one year

2024
2023
£
£

Trade creditors
138,683
87,946

Corporation tax
-
8,267

Other taxation and social security
26,491
26,264

Other creditors
10,292
10,292

Accruals and deferred income
10,731
10,713

186,197
143,482



9.


DEFERRED TAXATION




2024


£






At beginning of year
(2,750)


Charged to profit or loss
50



At end of year
(2,700)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(2,700)
(2,750)


10.


PENSION COMMITMENTS

"The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £51,693 (2023 - £77,979). Contributions totalling £Nil (2023 - £Nil) were payable to the fund at the balance sheet date.


Page 8