FREIGHT MANAGEMENT (U.K.) LIMITED

Company Registration Number:
02556530 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

FREIGHT MANAGEMENT (U.K.) LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

FREIGHT MANAGEMENT (U.K.) LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 1,015,512 1,032,419
Total fixed assets: 1,015,512 1,032,419
Current assets
Debtors: 4 2,236,706 2,293,470
Cash at bank and in hand: 54,836 10,305
Total current assets: 2,291,542 2,303,775
Creditors: amounts falling due within one year: 5 (1,040,927) (852,862)
Net current assets (liabilities): 1,250,615 1,450,913
Total assets less current liabilities: 2,266,127 2,483,332
Creditors: amounts falling due after more than one year: 6 (550,280) (606,983)
Total net assets (liabilities): 1,715,847 1,876,349
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:7578,000578,000
Profit and loss account: 1,137,747 1,298,249
Shareholders funds: 1,715,847 1,876,349

The notes form part of these financial statements

FREIGHT MANAGEMENT (U.K.) LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 August 2024
and signed on behalf of the board by:

Name: A WILSON
Status: Director

The notes form part of these financial statements

FREIGHT MANAGEMENT (U.K.) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

FREIGHT MANAGEMENT (U.K.) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 19 18

FREIGHT MANAGEMENT (U.K.) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 1,155,602
At 31 March 2024 1,155,602
Depreciation
At 01 April 2023 123,183
Charge for year 16,907
At 31 March 2024 140,090
Net book value
At 31 March 2024 1,015,512
At 31 March 2023 1,032,419

FREIGHT MANAGEMENT (U.K.) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 1,600,000 1,600,000

FREIGHT MANAGEMENT (U.K.) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

Social security and Other Taxes 352154 Corporation Tax 43 Trade Creditors 212499 Accruals and Other creditors 28983 Invoice Discounting 268715 Directors Loan 29500 Bank Loans 149033

FREIGHT MANAGEMENT (U.K.) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due after more than one year note

Bank Loan unsecured 147971 Bank Loan secured 402309

FREIGHT MANAGEMENT (U.K.) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Revaluation reserve

2024
£
Balance at 01 April 2023 578,000
Surplus or deficit after revaluation 0
Balance at 31 March 2024 578,000