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REGISTERED NUMBER: 00637208 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

J.& D.FREEMAN LIMITED

J.& D.FREEMAN LIMITED (REGISTERED NUMBER: 00637208)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J.& D.FREEMAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: R W Freeman
Mrs R E Morphey





SECRETARY: Mrs R E Morphey





REGISTERED OFFICE: 45 Bridge Street
Usk
Monmouthshire
NP15 1BQ





REGISTERED NUMBER: 00637208 (England and Wales)





ACCOUNTANTS: Paul Munson & Co
Limited Liability Partnership
45 Bridge Street
Usk
Monmouthshire
NP15 1BQ

J.& D.FREEMAN LIMITED (REGISTERED NUMBER: 00637208)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 102,846 66,455

CURRENT ASSETS
Stocks 115,920 72,620
Debtors 5 1,304 1,138
Cash at bank 20,018 33,701
137,242 107,459
CREDITORS
Amounts falling due within one year 6 95,055 73,968
NET CURRENT ASSETS 42,187 33,491
TOTAL ASSETS LESS CURRENT
LIABILITIES

145,033

99,946

CAPITAL AND RESERVES
Called up share capital 51,060 51,060
Retained earnings 93,973 48,886
SHAREHOLDERS' FUNDS 145,033 99,946

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

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

J.& D.FREEMAN LIMITED (REGISTERED NUMBER: 00637208)

BALANCE SHEET - continued
30TH SEPTEMBER 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 26th June 2025 and were signed on its behalf by:





R W Freeman - Director


J.& D.FREEMAN LIMITED (REGISTERED NUMBER: 00637208)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

1. STATUTORY INFORMATION

J.& D.freeman 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.

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.
Land and buildings - not provided
Plant and machinery etc - 10% 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.


J.& D.FREEMAN LIMITED (REGISTERED NUMBER: 00637208)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and Plant and
Buildings machinery Totals
£    £    £   
COST
At 1st October 2023 61,197 127,893 189,090
Additions - 51,660 51,660
Disposals - (17,300 ) (17,300 )
At 30th September 2024 61,197 162,253 223,450
DEPRECIATION
At 1st October 2023 12,749 109,886 122,635
Charge for year - 8,349 8,349
Eliminated on disposal - (10,380 ) (10,380 )
At 30th September 2024 12,749 107,855 120,604
NET BOOK VALUE
At 30th September 2024 48,448 54,398 102,846
At 30th September 2023 48,448 18,007 66,455

J.& D.FREEMAN LIMITED (REGISTERED NUMBER: 00637208)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Other debtors 1,304 1,138

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade creditors 2,989 1,955
Other creditors 92,066 72,013
95,055 73,968

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2024 and 30th September 2023:

2024 2023
£    £   
R W Freeman
Balance outstanding at start of year (67,515 ) (67,815 )
Amounts advanced 24,088 10,660
Amounts repaid (42,442 ) (10,360 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (85,869 ) (67,515 )

8. RELATED PARTY DISCLOSURES

Other than those itemised, there are no transactions with related parties such as are required to be disclosed under Financial Reporting Standard for Smaller Entities.

9. ULTIMATE CONTROLLING PARTY

The controlling party is R W Freeman by virtue of his holding 100% of the issued shares.