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REGISTERED NUMBER: 12633227 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

IDB FREIGHT LIMITED

IDB FREIGHT LIMITED (REGISTERED NUMBER: 12633227)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IDB FREIGHT LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2023







DIRECTORS: M I Ishfaq
W S Bullivant
D A Alcock





REGISTERED OFFICE: Wards Court
203 Ecclesall Road
Sheffield
United Kingdom
S11 8HW





REGISTERED NUMBER: 12633227 (England and Wales)

IDB FREIGHT LIMITED (REGISTERED NUMBER: 12633227)

BALANCE SHEET
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 9,877 10,575

CURRENT ASSETS
Stocks 13,550 -
Debtors 6 952,947 882,351
Cash at bank 759,387 436,807
1,725,884 1,319,158
CREDITORS
Amounts falling due within one year 7 725,889 753,034
NET CURRENT ASSETS 999,995 566,124
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,009,872

576,699

PROVISIONS FOR LIABILITIES 2,469 2,644
NET ASSETS 1,007,403 574,055

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,007,303 573,955
SHAREHOLDERS' FUNDS 1,007,403 574,055

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

IDB FREIGHT LIMITED (REGISTERED NUMBER: 12633227)

BALANCE SHEET - continued
31 May 2023


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 19 February 2024 and were signed on its behalf by:




M I Ishfaq - Director W S Bullivant - Director




D A Alcock - Director


IDB FREIGHT LIMITED (REGISTERED NUMBER: 12633227)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

IDB Freight 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The address of the principal place of business is Universal House, 41 Catley Road, Darnall, Sheffield, S9 5JF

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.

Turnover
Revenue is recognised when the company has been judged to have achieved the right to consideration resulting from a level of completed performance under individual contracts but only to the extent that the outcome of such contracts can be assessed with reasonable certainty.

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 - 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.

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.


IDB FREIGHT LIMITED (REGISTERED NUMBER: 12633227)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2023

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 5 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 14,521
Additions 4,655
At 31 May 2023 19,176
DEPRECIATION
At 1 June 2022 3,946
Charge for year 5,353
At 31 May 2023 9,299
NET BOOK VALUE
At 31 May 2023 9,877
At 31 May 2022 10,575

IDB FREIGHT LIMITED (REGISTERED NUMBER: 12633227)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 929,720 860,678
Other debtors 23,227 21,673
952,947 882,351

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 531,258 615,475
Taxation and social security 168,052 129,106
Other creditors 26,579 8,453
725,889 753,034

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.23 31.5.22
£    £   
Within one year 21,774 21,498
Between one and five years 14,420 26,205
36,194 47,703

9. CALLED UP SHARE CAPITAL

The share capital of £100 has been allotted, called up and fully paid.

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

The directors, M I Ishfaq, W S Bullivant & D A Alcock, between them control the whole of the issued share capital of the company and as a consequence, the day to day control of the company is exercised by these directors acting in concert.