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REGISTERED NUMBER: 03233825 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

FREE POULTRY LIMITED

FREE POULTRY LIMITED (REGISTERED NUMBER: 03233825)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FREE POULTRY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: N J Free
Mrs P E Free





SECRETARY: Mrs M C Giles





REGISTERED OFFICE: Hill House Farm
Feering
Colchester
Essex





REGISTERED NUMBER: 03233825 (England and Wales)





ACCOUNTANTS: Richard Sexton & Co LLP
3 Manor Road
Colchester
Essex
CO3 3LU

FREE POULTRY LIMITED (REGISTERED NUMBER: 03233825)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 536,315 588,410

CURRENT ASSETS
Stocks 125,776 63,972
Debtors 5 94,657 168,311
Cash at bank 46,134 42,565
266,567 274,848
CREDITORS
Amounts falling due within one year 6 324,065 323,852
NET CURRENT LIABILITIES (57,498 ) (49,004 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

478,817

539,406

CREDITORS
Amounts falling due after more than one year 7 (463,826 ) (507,673 )

PROVISIONS FOR LIABILITIES (10,035 ) (18,600 )
NET ASSETS 4,956 13,133

CAPITAL AND RESERVES
Called up share capital 9 98 98
Capital redemption reserve 2 2
Retained earnings 4,856 13,033
SHAREHOLDERS' FUNDS 4,956 13,133

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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.

FREE POULTRY LIMITED (REGISTERED NUMBER: 03233825)

BALANCE SHEET - continued
30 NOVEMBER 2024


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 6 February 2025 and were signed on its behalf by:





Mrs P E Free - Director


FREE POULTRY LIMITED (REGISTERED NUMBER: 03233825)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Free Poultry 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 principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Tenants improvements - at varying rates on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

FREE POULTRY LIMITED (REGISTERED NUMBER: 03233825)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Tenants Plant and Motor
improvements machinery vehicles Totals
£    £    £    £   
COST
At 1 December 2023 713,379 170,778 70,360 954,517
Additions - 974 - 974
At 30 November 2024 713,379 171,752 70,360 955,491
DEPRECIATION
At 1 December 2023 201,882 151,025 13,200 366,107
Charge for year 35,669 3,110 14,290 53,069
At 30 November 2024 237,551 154,135 27,490 419,176
NET BOOK VALUE
At 30 November 2024 475,828 17,617 42,870 536,315
At 30 November 2023 511,497 19,753 57,160 588,410

FREE POULTRY LIMITED (REGISTERED NUMBER: 03233825)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2023
and 30 November 2024 70,360
DEPRECIATION
At 1 December 2023 13,200
Charge for year 14,290
At 30 November 2024 27,490
NET BOOK VALUE
At 30 November 2024 42,870
At 30 November 2023 57,160

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 91,807 161,257
Other debtors 2,490 6,694
Prepayments 360 360
94,657 168,311

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 99,830 70,549
Other loans 8,584 10,080
Hire purchase contracts 8,480 8,480
Trade creditors 166,732 155,730
UK Corporation tax 4,050 25,370
Directors Loan Accounts 12,439 29,693
Deposits held 13,200 13,200
Accruals and deferred income 10,750 10,750
324,065 323,852

FREE POULTRY LIMITED (REGISTERED NUMBER: 03233825)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 36,312 36,312
Bank loans - 2-5 years 122,000 122,000
Bank loans more 5 yr by instal 271,552 299,831
Other loans - 1-2 years 5,761 10,080
Other loans - 2-5 years - 2,769
Hire purchase contracts 28,201 36,681
463,826 507,673

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 271,552 299,831
Hire purchase - 2,761
271,552 302,592

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 63,050 33,769
Bank loans 466,644 494,923
529,694 528,692

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
98 Ordinary £1 98 98

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 (2023 - £13,550) were paid to the directors .

A directors of the company owns a freehold property used by Free Poultry Limited. During the year ended 30 November 2024 no rent was charged (2023 nil). There was no unpaid rent, or rent paid in advance, at the balance sheet date.

11. ULTIMATE CONTROLLING PARTY

The company is under the control of Mrs P E Free who owns 59% of the issued share capital.