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REGISTERED NUMBER: 02092311 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

John Freeman (Sales) Limited

John Freeman (Sales) Limited (Registered number: 02092311)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


John Freeman (Sales) Limited

Company Information
for the Year Ended 31 December 2024







Directors: J A Corless
A S Corless
S Corless
M Corless





Secretary: J A Corless





Registered office: The Boat House
Moulsford
Oxon
OX10 9HU





Registered number: 02092311 (England and Wales)





Accountants: Pinkham Blair
Chartered Accountants
87a High Street
The Old Town
Hemel Hempstead
Hertfordshire
HP1 3AH

John Freeman (Sales) Limited (Registered number: 02092311)

Balance Sheet
31 December 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 222,110 1,340

Current assets
Stocks 63,327 63,327
Debtors 5 14,332 22,519
Cash in hand 112,452 217,693
190,111 303,539
Creditors
Amounts falling due within one year 6 88,011 96,721
Net current assets 102,100 206,818
Total assets less current liabilities 324,210 208,158

Creditors
Amounts falling due after more than
one year

7

100,000

-
Net assets 224,210 208,158

Capital and reserves
Called up share capital 8 100 100
Retained earnings 224,110 208,058
Shareholders' funds 224,210 208,158

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

John Freeman (Sales) Limited (Registered number: 02092311)

Balance Sheet - continued
31 December 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 27 June 2025 and were signed on its behalf by:





A S Corless - Director


John Freeman (Sales) Limited (Registered number: 02092311)

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

1. Statutory information

John Freeman (Sales) 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 the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - No Depreciation
Plant and machinery etc - 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.


John Freeman (Sales) Limited (Registered number: 02092311)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

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.

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 5 (2023 - 5 ) .

4. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£ £ £
Cost
At 1 January 2024 - 34,240 34,240
Additions 211,102 12,813 223,915
At 31 December 2024 211,102 47,053 258,155
Depreciation
At 1 January 2024 - 32,900 32,900
Charge for year - 3,145 3,145
At 31 December 2024 - 36,045 36,045
Net book value
At 31 December 2024 211,102 11,008 222,110
At 31 December 2023 - 1,340 1,340

John Freeman (Sales) Limited (Registered number: 02092311)

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

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 8,272 5,582
Other debtors 6,060 16,937
14,332 22,519

6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 31,238 35,042
Taxation and social security 13,459 21,856
Other creditors 43,314 39,823
88,011 96,721

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Other creditors 100,000 -

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
49 A Ordinary £1 49 49
49 B Ordinary £1 49 49
1 C Ordinary £1 1 1
1 D Ordinary £1 1 1
100 100

John Freeman (Sales) Limited (Registered number: 02092311)

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

9. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£ £
S Corless
Balance outstanding at start of year 5,000 -
Amounts advanced - 5,000
Amounts repaid (5,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 5,000

M Corless
Balance outstanding at start of year 5,000 -
Amounts advanced - 5,000
Amounts repaid (5,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 5,000