REGISTERED NUMBER: 04293320 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

FREELAND SCIENTIFIC LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G Longmuir

P H Thornton

SECRETARY:

G Longmuir

REGISTERED OFFICE:

Rosedale Nursery

College Road

Hextable

Kent

BR8 7LT

REGISTERED NUMBER:

04293320 (England and Wales)

AUDITORS:

D.R.E. & Co. (Audit) Limited

7 Lower Brook Street

Oswestry

Shropshire

SY11 2HG

FIXED ASSETS

Tangible assets

5

2,125

5,020

CURRENT ASSETS

Stocks

66,917

64,787

Debtors

6

50,276

39,544

Cash at bank

10,605

6,624

127,798

110,955

CREDITORS

Amounts falling due within one year

7

95,730

66,259

NET CURRENT ASSETS

32,068

44,696

TOTAL ASSETS LESS CURRENT LIABILITIES

34,193

49,716

CREDITORS

Amounts falling due after more than one year

8

583,852

548,852

NET LIABILITIES

(549,659

)

(499,136

)

CAPITAL AND RESERVES

Called up share capital

2

2

Capital redemption reserve

1

1

Retained earnings

(549,662

)

(499,139

)

(549,659

)

(499,136

)

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 17 June 2026 and were signed on its behalf by:

G Longmuir - Director

1.	STATUTORY INFORMATION

Freeland Scientific 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The accounts are for the individual entity only.

These financial statements are presented in (£) sterling, rounded to the nearest £1.

Going concern

At the balance sheet date the company had net liabilities of £549,659 (2024: £499,136). As shown in note 9 of the full financial statements £583,852 (2024: £548,852) relates to balances owed to group undertakings and the director. The directors have reviewed the support of group companies and expect this to continue for the foreseeable future and therefore believe the going concern basis of preparation remains appropriate.

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 etc

-

25% on cost

Stocks

Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition, as follows:

Raw materials and consumables

- purchase cost on a first in, first out basis

Finished goods

- cost of direct materials and labour

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.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2024

20,327

Additions

83

At 30 September 2025

20,410

DEPRECIATION

At 1 October 2024

15,307

Charge for year

2,978

At 30 September 2025

18,285

NET BOOK VALUE

At 30 September 2025

2,125

At 30 September 2024

5,020

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

42,002

24,276

Other debtors

8,274

15,268

50,276

39,544

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade creditors

77,140

50,056

Taxation and social security

9,783

8,378

Other creditors

8,807

7,825

95,730

66,259

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Other creditors

583,852

548,852

9.	SECURED DEBTS

The company's bankers hold a debenture including a fixed charge over all freehold and leasehold property including fixtures and fittings, fixed plant and machinery and books and other debts, all securities and trade debts; along with a floating charge over all other assets.

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Aled Davies FCCA (Senior Statutory Auditor)

for and on behalf of D.R.E. & Co. (Audit) Limited

11.	RELATED PARTY DISCLOSURES

The company has been provided a loan from Freeland (UK) Ltd, a company which holds a 50% shareholding.

They were advanced a further £35,000 during the year. The balance due as at 30 September 2025 was £489,590 (2024: £454,590).

12.	ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by Mr G Longmuir by virtue of their beneficial holding.