Basil Freeman And Son Transport Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 05758350 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 March 2025

for

Basil Freeman And Son Transport Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M I Freeman

Mrs C M Freeman

SECRETARY:

Mrs C M Freeman

REGISTERED OFFICE:

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

REGISTERED NUMBER:

05758350 (England and Wales)

ACCOUNTANTS:

Kingscott Dix Limited

Chartered Accountants

Goodridge Court

Goodridge Avenue

Gloucester

Gloucestershire

GL2 5EN

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

440,101

95,653

Investments

6

128,000

400,000

568,101

495,653

CURRENT ASSETS

Debtors

7

206,116

377,271

Cash at bank and in hand

466,466

314,859

672,582

692,130

CREDITORS

Amounts falling due within one year

8

208,251

97,997

NET CURRENT ASSETS

464,331

594,133

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,032,432

1,089,786

PROVISIONS FOR LIABILITIES

11,070

NET ASSETS

1,021,362

1,078,716

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

1,021,262

1,078,616

SHAREHOLDERS' FUNDS

1,021,362

1,078,716

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 4 November 2025 and were signed on its behalf by:

M I Freeman - Director

1.	STATUTORY INFORMATION

Basil Freeman And Son Transport 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc

-

33% on cost and 25% on cost

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.

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 14 (2024 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

500,000

AMORTISATION

At 1 April 2024

and 31 March 2025

500,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2024

-

369,307

Additions

340,938

53,275

394,213

Disposals

-

(18,745

)

(18,745

)

At 31 March 2025

340,938

403,837

744,775

DEPRECIATION

At 1 April 2024

-

273,654

Charge for year

6,818

40,574

47,392

Eliminated on disposal

-

(16,372

)

(16,372

)

At 31 March 2025

6,818

297,856

304,674

NET BOOK VALUE

At 31 March 2025

334,120

105,981

440,101

At 31 March 2024

-

95,653

6.	FIXED ASSET INVESTMENTS

Other

loans

£

At 1 April 2024

400,000

Other movement

(272,000

)

At 31 March 2025

128,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

203,111

154,546

Other debtors

3,005

222,725

206,116

377,271

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

38,534

43,195

Taxation and social security

68,296

44,072

Other creditors

101,421

10,730

208,251

97,997

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 March 2025 there was an amount owed by the directors of £Nil (2024: £218,592)