Silverfin false 31/03/2023 01/04/2022 31/03/2023 Glen Lee Cooke 01/12/2017 Martin John Ellingham 13/01/2009 Katalin Zsoldos 23/11/2020 11 October 2023 The principle activity of the company during the year was that of Freight & Logistics management. 06790157 2023-03-31 06790157 bus:Director1 2023-03-31 06790157 bus:Director2 2023-03-31 06790157 bus:Director3 2023-03-31 06790157 2022-03-31 06790157 core:CurrentFinancialInstruments 2023-03-31 06790157 core:CurrentFinancialInstruments 2022-03-31 06790157 core:ShareCapital 2023-03-31 06790157 core:ShareCapital 2022-03-31 06790157 core:RetainedEarningsAccumulatedLosses 2023-03-31 06790157 core:RetainedEarningsAccumulatedLosses 2022-03-31 06790157 core:Goodwill 2022-03-31 06790157 core:OtherResidualIntangibleAssets 2022-03-31 06790157 core:Goodwill 2023-03-31 06790157 core:OtherResidualIntangibleAssets 2023-03-31 06790157 core:LandBuildings 2022-03-31 06790157 core:OtherPropertyPlantEquipment 2022-03-31 06790157 core:LandBuildings 2023-03-31 06790157 core:OtherPropertyPlantEquipment 2023-03-31 06790157 bus:OrdinaryShareClass1 2023-03-31 06790157 2022-04-01 2023-03-31 06790157 bus:FullAccounts 2022-04-01 2023-03-31 06790157 bus:SmallEntities 2022-04-01 2023-03-31 06790157 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 06790157 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06790157 bus:Director1 2022-04-01 2023-03-31 06790157 bus:Director2 2022-04-01 2023-03-31 06790157 bus:Director3 2022-04-01 2023-03-31 06790157 core:Goodwill 2022-04-01 2023-03-31 06790157 core:OtherResidualIntangibleAssets 2022-04-01 2023-03-31 06790157 core:LandBuildings 2022-04-01 2023-03-31 06790157 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 06790157 2021-04-01 2022-03-31 06790157 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 06790157 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 06790157 (England and Wales)

CHARTERLINK WORLDWIDE FREIGHT & LOGISTICS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

CHARTERLINK WORLDWIDE FREIGHT & LOGISTICS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

CHARTERLINK WORLDWIDE FREIGHT & LOGISTICS LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2023
CHARTERLINK WORLDWIDE FREIGHT & LOGISTICS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
DIRECTORS Glen Lee Cooke
Martin John Ellingham
Katalin Zsoldos
REGISTERED OFFICE Unit 14 The Drift
Nacton Road
Ipswich
IP3 9QR
United Kingdom
COMPANY NUMBER 06790157 (England and Wales)
CHARTERED ACCOUNTANTS Gascoynes
Gascoyne House
Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
Suffolk
IP28 6JY
CHARTERLINK WORLDWIDE FREIGHT & LOGISTICS LIMITED

BALANCE SHEET

As at 31 March 2023
CHARTERLINK WORLDWIDE FREIGHT & LOGISTICS LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 13,778 15,309
Tangible assets 4 322,281 137,742
336,059 153,051
Current assets
Debtors 5 742,895 727,144
Cash at bank and in hand 372,632 264,174
1,115,527 991,318
Creditors: amounts falling due within one year 6 ( 707,993) ( 580,094)
Net current assets 407,534 411,224
Total assets less current liabilities 743,593 564,275
Net assets 743,593 564,275
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 743,493 564,175
Total shareholders' funds 743,593 564,275

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Charterlink Worldwide Freight & Logistics Limited (registered number: 06790157) were approved and authorised for issue by the Board of Directors on 11 October 2023. They were signed on its behalf by:

Martin John Ellingham
Director
CHARTERLINK WORLDWIDE FREIGHT & LOGISTICS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
CHARTERLINK WORLDWIDE FREIGHT & LOGISTICS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Charterlink Worldwide Freight & Logistics Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 14 The Drift, Nacton Road, Ipswich, IP3 9QR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 % reducing balance
Other intangible assets 10 % reducing balance
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 15 % reducing balance
Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 17 20

3. Intangible assets

Goodwill Other intangible assets Total
£ £ £
Cost
At 01 April 2022 3,000 16,700 19,700
At 31 March 2023 3,000 16,700 19,700
Accumulated amortisation
At 01 April 2022 3,000 1,391 4,391
Charge for the financial year 0 1,531 1,531
At 31 March 2023 3,000 2,922 5,922
Net book value
At 31 March 2023 0 13,778 13,778
At 31 March 2022 0 15,309 15,309

4. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 April 2022 37,650 173,219 210,869
Additions 0 216,006 216,006
At 31 March 2023 37,650 389,225 426,875
Accumulated depreciation
At 01 April 2022 3,926 69,201 73,127
Charge for the financial year 5,059 26,408 31,467
At 31 March 2023 8,985 95,609 104,594
Net book value
At 31 March 2023 28,665 293,616 322,281
At 31 March 2022 33,724 104,018 137,742

5. Debtors

2023 2022
£ £
Trade debtors 625,355 685,233
Amounts owed by Group undertakings 70,000 0
Corporation tax 3,974 3,974
Other debtors 43,566 37,937
742,895 727,144

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 281,666 275,658
Taxation and social security 57,804 48,074
Obligations under finance leases and hire purchase contracts 202,117 0
Other creditors 166,406 256,362
707,993 580,094

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100