IRIS Accounts Production v24.2.0.383 03584743 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh035847432023-03-31035847432024-03-31035847432023-04-012024-03-31035847432022-03-31035847432022-04-012023-03-31035847432023-03-3103584743ns15:EnglandWales2023-04-012024-03-3103584743ns14:PoundSterling2023-04-012024-03-3103584743ns10:Director12023-04-012024-03-3103584743ns10:Director22023-04-012024-03-3103584743ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103584743ns10:SmallEntities2023-04-012024-03-3103584743ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3103584743ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103584743ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103584743ns10:FullAccounts2023-04-012024-03-3103584743ns10:Director32023-04-012024-03-3103584743ns10:Director42023-04-012024-03-3103584743ns10:RegisteredOffice2023-04-012024-03-3103584743ns5:CurrentFinancialInstruments2024-03-3103584743ns5:CurrentFinancialInstruments2023-03-3103584743ns5:Non-currentFinancialInstruments2024-03-3103584743ns5:Non-currentFinancialInstruments2023-03-3103584743ns5:ShareCapital2024-03-3103584743ns5:ShareCapital2023-03-3103584743ns5:RetainedEarningsAccumulatedLosses2024-03-3103584743ns5:RetainedEarningsAccumulatedLosses2023-03-3103584743ns5:FurnitureFittings2023-04-012024-03-3103584743ns5:MotorVehicles2023-04-012024-03-3103584743ns5:ComputerEquipment2023-04-012024-03-3103584743ns5:FurnitureFittings2023-03-3103584743ns5:MotorVehicles2023-03-3103584743ns5:ComputerEquipment2023-03-3103584743ns5:FurnitureFittings2024-03-3103584743ns5:MotorVehicles2024-03-3103584743ns5:ComputerEquipment2024-03-3103584743ns5:FurnitureFittings2023-03-3103584743ns5:MotorVehicles2023-03-3103584743ns5:ComputerEquipment2023-03-3103584743ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3103584743ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3103584743ns5:HirePurchaseContractsns5:WithinOneYear2024-03-3103584743ns5:HirePurchaseContractsns5:WithinOneYear2023-03-3103584743ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-03-3103584743ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-03-3103584743ns5:HirePurchaseContracts2024-03-3103584743ns5:HirePurchaseContracts2023-03-3103584743ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3103584743ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3103584743ns5:WithinOneYear2024-03-3103584743ns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 03584743 (England and Wales)















Financial Statements

for the Year Ended 31 March 2024

for

Courier Network Limited

Courier Network Limited (Registered number: 03584743)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Courier Network Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S A Homewood
J Jacobs
R M J Potter
S J Hancock





REGISTERED OFFICE: Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA





REGISTERED NUMBER: 03584743 (England and Wales)





ACCOUNTANTS: Barnbrook Sinclair
Chartered Accountants
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Courier Network Limited (Registered number: 03584743)

Statement of Financial Position
31 March 2024

31/3/24 31/3/23
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 38,851 29,102

CURRENT ASSETS
Debtors 6 437,512 271,299
Cash at bank and in hand 130,515 226,578
568,027 497,877
CREDITORS
Amounts falling due within one year 7 (297,259 ) (229,104 )
NET CURRENT ASSETS 270,768 268,773
TOTAL ASSETS LESS CURRENT
LIABILITIES

309,619

297,875

CREDITORS
Amounts falling due after more than one
year

8

(15,076

)

(7,249

)

PROVISIONS FOR LIABILITIES (9,108 ) (6,576 )
NET ASSETS 285,435 284,050

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 285,035 283,650
SHAREHOLDERS' FUNDS 285,435 284,050

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.

Courier Network Limited (Registered number: 03584743)

Statement of Financial Position - 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 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 28 August 2024 and were signed on its behalf by:




S A Homewood - Director



J Jacobs - Director


Courier Network Limited (Registered number: 03584743)

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

1. STATUTORY INFORMATION

Courier Network 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 (£).


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 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.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Courier Network Limited (Registered number: 03584743)

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

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 April 2023 1,640 73,040 5,061 79,741
Additions - 20,050 4,494 24,544
Disposals - (18,250 ) - (18,250 )
At 31 March 2024 1,640 74,840 9,555 86,035
Depreciation
At 1 April 2023 1,640 45,995 3,004 50,639
Charge for year - 10,521 1,027 11,548
Eliminated on disposal - (15,003 ) - (15,003 )
At 31 March 2024 1,640 41,513 4,031 47,184
Net book value
At 31 March 2024 - 33,327 5,524 38,851
At 31 March 2023 - 27,045 2,057 29,102

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 404,551 246,437
Other debtors 32,961 24,862
437,512 271,299

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Hire purchase contracts (see note 9) 7,641 5,101
Trade creditors 160,858 135,175
Taxation and social security 83,583 42,011
Other creditors 45,177 46,817
297,259 229,104

Courier Network Limited (Registered number: 03584743)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Hire purchase contracts (see note 9) 15,076 7,249

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31/3/24 31/3/23
£    £   
Gross obligations repayable:
Within one year 9,984 5,955
Between one and five years 17,045 7,974
27,029 13,929

Finance charges repayable:
Within one year 2,343 854
Between one and five years 1,969 725
4,312 1,579

Net obligations repayable:
Within one year 7,641 5,101
Between one and five years 15,076 7,249
22,717 12,350

Non-cancellable operating leases
31/3/24 31/3/23
£    £   
Within one year 12,531 9,375

10. SECURED DEBTS

The following secured debts are included within creditors:

31/3/24 31/3/23
£    £   
Hire purchase contracts 22,717 12,350