REGISTERED NUMBER: 05150824 (England and Wales)

Financial Statements for the Year Ended 30 June 2025

for

Freeman Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A M Freeman

Mrs J Freeman

SECRETARY:

Mrs J Freeman

REGISTERED OFFICE:

20 Allerton Grange Gardens

Moortown

Leeds

West Yorkshire

LS17 6LL

REGISTERED NUMBER:

05150824 (England and Wales)

ACCOUNTANTS:

Richard Smedley Limited

Chartered Accountants & Registered Auditors

Richmond House

Lawnswood Business Park

Redvers Close

Leeds

West Yorkshire

LS16 6QY

FIXED ASSETS

Tangible assets

4

91,556

86,024

CURRENT ASSETS

Stocks

136,971

92,625

Debtors

5

363,910

434,630

Cash at bank

146,702

65,134

647,583

592,389

CREDITORS

Amounts falling due within one year

6

202,824

131,943

NET CURRENT ASSETS

444,759

460,446

TOTAL ASSETS LESS CURRENT LIABILITIES

536,315

546,470

CREDITORS

Amounts falling due after more than one year

7

(21,033

)

(37,598

)

PROVISIONS FOR LIABILITIES

(6,495

)

(4,325

)

NET ASSETS

508,787

504,547

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

508,785

504,545

SHAREHOLDERS' FUNDS

508,787

504,547

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2026 and were signed on its behalf by:

A M Freeman - Director

1.	STATUTORY INFORMATION

Freeman Solutions 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 comprises the value of sales (excluding VAT, similar taxes and trade discounts) of goods and services provided in the normal course of business. Revenue is recognised when the goods are despatched, which is the same day on which the goods are delivered and hence is the point at which the risks and rewards of ownership pass to the buyer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

Financial instruments

Basic financial instruments are recognised at amortised costs. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Research and development

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

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 8 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 July 2024

75,763

13,612

61,090

12,029

162,494

Additions

6,413

-

20,964

1,166

28,543

At 30 June 2025

82,176

13,612

82,054

13,195

191,037

DEPRECIATION

At 1 July 2024

27,391

8,268

29,281

11,530

76,470

Charge for year

8,218

1,069

13,194

530

23,011

At 30 June 2025

35,609

9,337

42,475

12,060

99,481

NET BOOK VALUE

At 30 June 2025

46,567

4,275

39,579

1,135

91,556

At 30 June 2024

48,372

5,344

31,809

499

86,024

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 July 2024

and 30 June 2025

36,600

DEPRECIATION

At 1 July 2024

9,150

Charge for year

6,863

At 30 June 2025

16,013

NET BOOK VALUE

At 30 June 2025

20,587

At 30 June 2024

27,450

5.

DEBTORS

30.6.25

30.6.24

£

£

Amounts falling due within one year:

Trade debtors

74,689

143,460

Other debtors

227,150

231,879

301,839

375,339

30.6.25

30.6.24

£

£

Amounts falling due after more than one year:

Other debtors

62,071

59,291

Aggregate amounts

363,910

434,630

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans and overdrafts

10,484

9,363

Hire purchase contracts (see note 8)

5,219

4,811

Trade creditors

84,412

27,430

Taxation and social security

35,386

19,583

Other creditors

67,323

70,756

202,824

131,943

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans

885

12,231

Hire purchase contracts (see note 8)

20,148

25,367

21,033

37,598

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30.6.25

30.6.24

£

£

Net obligations repayable:

Within one year

5,219

4,811

Between one and five years

20,148

25,367

25,367

30,178

Non-cancellable

operating leases

30.6.25

30.6.24

£

£

Within one year

16,125

16,125

Between one and five years

-

16,125

16,125

32,250

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2025 and 30 June 2024:

30.6.25

30.6.24

£

£

A M Freeman

Balance outstanding at start of year

187,309

167,205

Amounts advanced

8,236

20,104

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

195,545

187,309

Interest is charged on overdrawn loan accounts at the official rate.