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REGISTERED NUMBER: 05038179 (England and Wales)

















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Freight Despatch Worldwide Limited

Freight Despatch Worldwide Limited (Registered number: 05038179)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Freight Despatch Worldwide Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr S Bowling
Mr D J R Libberton





REGISTERED OFFICE: 39 Alison Crescent
Sheffield
South Yorkshire
S2 1AS





REGISTERED NUMBER: 05038179 (England and Wales)





ACCOUNTANTS: Lishmans LLP
16-18 Station Road
Chapeltown
Sheffield
South Yorkshire
S35 2XH

Freight Despatch Worldwide Limited (Registered number: 05038179)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,215 22,850

CURRENT ASSETS
Debtors 5 181,854 154,660
Cash at bank 2,157 -
184,011 154,660
CREDITORS
Amounts falling due within one year 6 115,390 95,940
NET CURRENT ASSETS 68,621 58,720
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,836

81,570

CREDITORS
Amounts falling due after more than
one year

7

(37,753

)

(69,191

)

PROVISIONS FOR LIABILITIES 8 (3,271 ) (4,342 )
NET ASSETS 44,812 8,037

Freight Despatch Worldwide Limited (Registered number: 05038179)

Balance Sheet - continued
30 April 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 44,612 7,837
SHAREHOLDERS' FUNDS 44,812 8,037

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 15 July 2024 and were signed on its behalf by:





Mr S Bowling - Director


Freight Despatch Worldwide Limited (Registered number: 05038179)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Freight Despatch Worldwide Limited is a private company , limited by shares , registered in England and Wales. The company's registered number is 05038179 and registered office address is 39 Alison Crescent, Sheffield, England, S2 1AS.

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.
Computers & office equipment - 25% on reducing balance
Furniture, fixtures & equip. - 15% on reducing balance basis
Plant & machinery - 15% on reducing balance basis

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.

Freight Despatch Worldwide Limited (Registered number: 05038179)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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.

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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Computers Furniture,
& office fixtures Plant &
equipment & equip. machinery Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 4,528 3,432 30,069 38,029
DEPRECIATION
At 1 May 2023 3,586 2,788 8,805 15,179
Charge for year 236 97 5,302 5,635
At 30 April 2024 3,822 2,885 14,107 20,814
NET BOOK VALUE
At 30 April 2024 706 547 15,962 17,215
At 30 April 2023 942 644 21,264 22,850

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 60,105 31,821
Other debtors 1,719 1,734
61,824 33,555

Freight Despatch Worldwide Limited (Registered number: 05038179)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Other debtors 120,030 121,105

Aggregate amounts 181,854 154,660

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,000 25,047
Hire purchase contracts 6,439 6,439
Trade creditors 22,293 32,069
Taxation and social security 30,193 24,406
Other creditors 31,465 7,979
115,390 95,940

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 29,167 54,167
Hire purchase contracts 8,586 15,024
37,753 69,191

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,271 4,342

Deferred
tax
£   
Balance at 1 May 2023 4,342
Provided during year (1,071 )
Balance at 30 April 2024 3,271