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REGISTERED NUMBER: 01451141 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 January 2024

for

CIT International Freight Limited

CIT International Freight Limited (Registered number: 01451141)

Contents of the Financial Statements
For The Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CIT International Freight Limited

Company Information
For The Year Ended 31 January 2024







DIRECTORS: P C Badman
J D Emmett





SECRETARY:





REGISTERED OFFICE: 2 A/B Ridgeway Distribution Centre
The Ridgeway
Iver
Buckinghamshire
SL0 9JQ





REGISTERED NUMBER: 01451141 (England and Wales)





ACCOUNTANTS: Hunt Ford & Co
Osborne House
143-145 Stanwell Road
Ashford
Middlesex
TW15 3QN

CIT International Freight Limited (Registered number: 01451141)

Balance Sheet
31 January 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,146 15,182

CURRENT ASSETS
Debtors 5 304,890 488,621
Cash at bank and in hand 392,335 259,461
697,225 748,082
CREDITORS
Amounts falling due within one year 6 352,627 432,262
NET CURRENT ASSETS 344,598 315,820
TOTAL ASSETS LESS CURRENT
LIABILITIES

356,744

331,002

CAPITAL AND RESERVES
Called up share capital 68,000 68,000
Capital redemption reserve 7 16,000 16,000
Retained earnings 7 272,744 247,002
SHAREHOLDERS' FUNDS 356,744 331,002

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

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

CIT International Freight Limited (Registered number: 01451141)

Balance Sheet - continued
31 January 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 19 June 2024 and were signed on its behalf by:




P C Badman - Director



J D Emmett - Director


CIT International Freight Limited (Registered number: 01451141)

Notes to the Financial Statements
For The Year Ended 31 January 2024


1. STATUTORY INFORMATION

CIT International 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.

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.
Plant and machinery etc - 25% on cost

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.

CIT International Freight Limited (Registered number: 01451141)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023
and 31 January 2024 9,023 20,997 45,249 75,269
DEPRECIATION
At 1 February 2023 7,313 18,591 34,183 60,087
Charge for year 342 481 2,213 3,036
At 31 January 2024 7,655 19,072 36,396 63,123
NET BOOK VALUE
At 31 January 2024 1,368 1,925 8,853 12,146
At 31 January 2023 1,710 2,406 11,066 15,182

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 248,175 252,696
Amounts owed by group undertakings 453 201,368
Other debtors 56,262 34,557
304,890 488,621

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Bank loans and overdrafts 23,333 33,333
Trade creditors 200,277 268,806
Taxation and social security 94,270 75,496
Other creditors 34,747 54,627
352,627 432,262

CIT International Freight Limited (Registered number: 01451141)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2024


7. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 February 2023 247,002 16,000 263,002
Profit for the year 291,742 291,742
Dividends (266,000 ) (266,000 )
At 31 January 2024 272,744 16,000 288,744

8. ULTIMATE CONTROLLING PARTY

The company is wholly owned by Fairingdale Associates Ltd.