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REGISTERED NUMBER: 13698231 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

M Freestone Construction (Torksey) Ltd

M Freestone Construction (Torksey) Ltd (Registered number: 13698231)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


M Freestone Construction (Torksey) Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTOR: M Freestone





REGISTERED OFFICE: Station Road
Torksey
Lincoln
LN1 2EQ





REGISTERED NUMBER: 13698231 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
M Freestone Construction (Torksey) Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of M Freestone Construction (Torksey) Ltd for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of M Freestone Construction (Torksey) Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of M Freestone Construction (Torksey) Ltd and state those matters that we have agreed to state to the director of M Freestone Construction (Torksey) Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M Freestone Construction (Torksey) Ltd and its director for our work or for this report.

It is your duty to ensure that M Freestone Construction (Torksey) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of M Freestone Construction (Torksey) Ltd. You consider that M Freestone Construction (Torksey) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of M Freestone Construction (Torksey) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA


3 April 2025

M Freestone Construction (Torksey) Ltd (Registered number: 13698231)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 81,115 120,874

CURRENT ASSETS
Stocks 59,250 51,993
Debtors 5 8,775 3,113
Cash at bank and in hand 10,916 3,092
78,941 58,198
CREDITORS
Amounts falling due within one year 6 129,324 107,603
NET CURRENT LIABILITIES (50,383 ) (49,405 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,732

71,469

CREDITORS
Amounts falling due after more than one
year

7

(1,779

)

(7,115

)

PROVISIONS FOR LIABILITIES (3,050 ) (7,983 )
NET ASSETS 25,903 56,371

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 25,902 56,370
SHAREHOLDERS' FUNDS 25,903 56,371

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 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 3 April 2025 and were signed by:





M Freestone - Director


M Freestone Construction (Torksey) Ltd (Registered number: 13698231)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

M Freestone Construction (Torksey) Ltd 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.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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.

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

M Freestone Construction (Torksey) Ltd (Registered number: 13698231)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Only basic financial instruments as defined in FRS102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payment, discounted at a market rate of interest.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 67,982 3,840 95,700 2,675 170,197
Additions 3,284 437 - - 3,721
At 31 October 2024 71,266 4,277 95,700 2,675 173,918
DEPRECIATION
At 1 November 2023 15,950 160 31,875 1,338 49,323
Charge for year 17,816 1,070 23,925 669 43,480
At 31 October 2024 33,766 1,230 55,800 2,007 92,803
NET BOOK VALUE
At 31 October 2024 37,500 3,047 39,900 668 81,115
At 31 October 2023 52,032 3,680 63,825 1,337 120,874

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 8,775 3,113

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,336 5,336
Trade creditors 252 -
Taxation and social security - 5,054
Other creditors 123,736 97,213
129,324 107,603

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 1,779 7,115