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REGISTERED NUMBER: 02268130 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Freight (UK) Limited

Freight (UK) Limited (Registered number: 02268130)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Freight (UK) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D Stokes
S Harris





SECRETARY: Mrs L Stokes





REGISTERED OFFICE: 23 Schneider Close
Carr Road Commercial Centre
Felixstowe
Suffolk
IP11 3SS





REGISTERED NUMBER: 02268130 (England and Wales)





ACCOUNTANTS: Passmore Weeks & Richardson
(A Xeinadin Group Company)
Suffolk Court
9 Church Field Road
Chilton Industrial Estate
Sudbury
Suffolk
CO10 2YA

Freight (UK) Limited (Registered number: 02268130)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 77,276 84,267

CURRENT ASSETS
Stocks 1,618 1,618
Debtors 5 137,943 134,179
Cash at bank 2,353,365 2,210,440
2,492,926 2,346,237
CREDITORS
Amounts falling due within one year 6 397,887 342,879
NET CURRENT ASSETS 2,095,039 2,003,358
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,172,315

2,087,625

PROVISIONS FOR LIABILITIES 2,832 3,776
NET ASSETS 2,169,483 2,083,849

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 2,169,283 2,083,649
SHAREHOLDERS' FUNDS 2,169,483 2,083,849

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

Freight (UK) Limited (Registered number: 02268130)

Balance Sheet - continued
31 March 2024


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 21 August 2024 and were signed on its behalf by:





D Stokes - Director


Freight (UK) Limited (Registered number: 02268130)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Freight (UK) 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 represents the invoiced value of services provided excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 33.33% on cost and 20% on cost
Motor vehicles - 25% on reducing balance

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 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 8 (2023 - 7 ) .

Freight (UK) Limited (Registered number: 02268130)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 101,162 54,515 155,677
DEPRECIATION
At 1 April 2023 36,768 34,642 71,410
Charge for year 2,023 4,968 6,991
At 31 March 2024 38,791 39,610 78,401
NET BOOK VALUE
At 31 March 2024 62,371 14,905 77,276
At 31 March 2023 64,394 19,873 84,267

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts recoverable on contract 141,547 137,701
Other debtors (3,604 ) (3,522 )
137,943 134,179

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 164,485 153,827
Taxation and social security 83,179 54,556
Other creditors 150,223 134,496
397,887 342,879

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
D Stokes
Balance outstanding at start of year (93,556 ) (67,058 )
Amounts advanced 67,448 69,402
Amounts repaid (95,900 ) (95,900 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (122,008 ) (93,556 )

Freight (UK) Limited (Registered number: 02268130)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

S Harris
Balance outstanding at start of year (40,941 ) -
Amounts advanced 61,174 18,690
Amounts repaid (48,448 ) (59,631 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (28,215 ) (40,941 )

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Stokes by virtue of his ownership of the issued share capital in the company.