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Company Registration No. 07546563 (England and Wales)
Freeman Surf Ltd Unaudited accounts for the year ended 29 February 2024
Freeman Surf Ltd Unaudited accounts Contents
Page
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Freeman Surf Ltd Company Information for the year ended 29 February 2024
Directors
Mrs S Freeman Mr P Freeman
Company Number
07546563 (England and Wales)
Registered Office
1 Croyde Sands Bungalows Croyde Braunton Devon EX33 1PS England
Accountants
North Devon Accounts 4 Cross Tree Centre Caen Street Braunton Devon EX33 1AA
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Freeman Surf Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
311 
466 
Current assets
Inventories
80,741 
63,500 
Debtors
3,684 
7,601 
Cash at bank and in hand
6,878 
14,362 
91,303 
85,463 
Creditors: amounts falling due within one year
(15,630)
(23,839)
Net current assets
75,673 
61,624 
Total assets less current liabilities
75,984 
62,090 
Provisions for liabilities
Deferred tax
(117)
(117)
Net assets
75,867 
61,973 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
74,867 
60,973 
Shareholders' funds
75,867 
61,973 
For the year ending 29 February 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by
Mrs S Freeman Director Company Registration No. 07546563
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Freeman Surf Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Freeman Surf Ltd is a private company, limited by shares, registered in England and Wales, registration number 07546563. The registered office is 1 Croyde Sands Bungalows, Croyde, Braunton, Devon, EX33 1PS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
13,333 
588 
8,186 
22,107 
At 29 February 2024
13,333 
588 
8,186 
22,107 
Depreciation
At 1 March 2023
13,333 
569 
7,739 
21,641 
Charge for the year
- 
6 
149 
155 
At 29 February 2024
13,333 
575 
7,888 
21,796 
Net book value
At 29 February 2024
- 
13 
298 
311 
At 28 February 2023
- 
19 
447 
466 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
1,906 
3,928 
Other debtors
1,778 
3,673 
3,684 
7,601 
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Freeman Surf Ltd Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
2,854 
VAT
5,991 
- 
Taxes and social security
3,158 
5,337 
Loans from directors
4,481 
13,644 
Accruals
2,000 
2,004 
15,630 
23,839 
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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