REGISTERED NUMBER: 01205736 (England and Wales)

ABRIDGED AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

FREEMAN, VOLKERS & STUART LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs A Preston MBE

Mr J R Godwin

Mr J D Preston

SECRETARY:

Mrs A Preston MBE

REGISTERED OFFICE:

Church Road

Stockton on Tees

TS18 2LY

REGISTERED NUMBER:

01205736 (England and Wales)

SENIOR STATUTORY AUDITOR:

Jemma Hoggard FCA

AUDITORS:

Baines Jewitt Limited

Statutory Auditors

Spitfire House

19 Falcon Court

Preston Farm Industrial Estate

Stockton-on-Tees

TS18 3TU

BANKERS:

HSBC

PO Box 117

60 Albert Road

Middlesbrough

TS1 1RS

FIXED ASSETS

Tangible assets

4

10,830

14,737

CURRENT ASSETS

Debtors

723,637

752,660

Cash at bank

702

8,144

724,339

760,804

CREDITORS

Amounts falling due within one year

2,531

40,136

NET CURRENT ASSETS

721,808

720,668

TOTAL ASSETS LESS CURRENT LIABILITIES

732,638

735,405

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

732,636

735,403

SHAREHOLDERS' FUNDS

732,638

735,405

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 3 August 2026 and were signed on its behalf by:

Mrs A Preston MBE - Director

1.	STATUTORY INFORMATION

Freeman, Volkers & Stuart 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is the amount derived from transport services excluding value added tax, trade discounts and other sales taxes. Revenue is recognised on the date that the service is provided.

Tangible fixed assets

Depreciation is provided to write down the cost of all tangible fixed assets over their expected useful lives. The rates applicable are as follows:

Motor vehicles

Trailers

12.5% of the cost for the first five years,

the remaining balance at the end of the

fifth year at 20% on the reducing balance

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.

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 9 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2025

667,587

Disposals

(71,982

)

At 31 December 2025

595,605

DEPRECIATION

At 1 January 2025

652,850

Charge for year

2,711

Eliminated on disposal

(70,786

)

At 31 December 2025

584,775

NET BOOK VALUE

At 31 December 2025

10,830

At 31 December 2024

14,737

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

The Report of the Auditors was unqualified.

Jemma Hoggard FCA (Senior Statutory Auditor)

for and on behalf of Baines Jewitt Limited

6.	CONTINGENT LIABILITIES

There is a cross guarantee and debenture between the company and its parent company, Richard Preston and Son Limited. That company has a secured bank overdraft of £nil at 31 December 2025.

7.	ULTIMATE PARENT COMPANY

The company's immediate parent company is Richard Preston & Son Limited which is incorporated in England and Wales.

The ultimate parent company, which draws up the financial statements for the group, is Potto Group Limited, a company incorporated in England and Wales. The consolidated financial statements can be obtained from the Registrar of Companies, Companies House, Crown Way, Cardiff, CF14 3UZ.

8.	PENSION COMMITMENTS

Amounts payable in relation to pension contributions as at 31 December 2025 amounted to £nil (2024: £160).