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REGISTERED NUMBER: 03147659 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

EURO FREIGHT SERVICES LIMITED

EURO FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 03147659)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EURO FREIGHT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: T Welley
T Welley





SECRETARY: Miss S S Welley





REGISTERED OFFICE: 11-11A Juliette Way
Purfleet Industrial Estate
Purfleet
Essex
RM15 4YA





REGISTERED NUMBER: 03147659 (England and Wales)





ACCOUNTANTS: Tish Press & Company
Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB

EURO FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 03147659)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 361,967 333,682

CURRENT ASSETS
Debtors 5 243,676 458,307
Cash at bank and in hand 187,248 183,403
430,924 641,710
CREDITORS
Amounts falling due within one year 6 50,441 239,886
NET CURRENT ASSETS 380,483 401,824
TOTAL ASSETS LESS CURRENT
LIABILITIES

742,450

735,506

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 742,448 735,504
SHAREHOLDERS' FUNDS 742,450 735,506

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 24 October 2023 and were signed on its behalf by:



T Welley - Director



T Welley - Director


EURO FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 03147659)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

EURO FREIGHT SERVICES 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 10 ) .

EURO FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 03147659)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2022 1,741,127 15,887 5,211 1,762,225
Additions 148,163 - - 148,163
At 31 January 2023 1,889,290 15,887 5,211 1,910,388
DEPRECIATION
At 1 February 2022 1,415,551 9,030 3,962 1,428,543
Charge for year 118,434 1,028 416 119,878
At 31 January 2023 1,533,985 10,058 4,378 1,548,421
NET BOOK VALUE
At 31 January 2023 355,305 5,829 833 361,967
At 31 January 2022 325,576 6,857 1,249 333,682

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 169,710 435,627
VAT 8,633 -
Prepayments 65,333 22,680
243,676 458,307

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 2,055
Trade creditors 45,154 85,088
Social security and other taxes 1,780 9,385
VAT - 1,479
Other creditors 557 122,052
Directors' current accounts - 17,377
Accruals and deferred income 2,950 2,450
50,441 239,886