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Company Registration No. 08851955 (England and Wales)
Active Freight Worldwide Ltd Unaudited accounts for the year ended 31 January 2024
Active Freight Worldwide Ltd Unaudited accounts Contents
Page
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Active Freight Worldwide Ltd Company Information for the year ended 31 January 2024
Director
Mr J W Wheeler
Company Number
08851955 (England and Wales)
Registered Office
Oslands Court Oslands Lane Swanick Hampshire SO31 7EG
Accountants
Babcock Tax & Accountancy Services Ltd The Florins, 8 Lulworth Close Hayling Island Hampshire PO11 0NY
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Active Freight Worldwide Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,319 
8,949 
Current assets
Inventories
284,509 
129,647 
Debtors
688,951 
794,707 
Cash at bank and in hand
4,745 
153,728 
978,205 
1,078,082 
Creditors: amounts falling due within one year
(1,177,939)
(612,080)
Net current (liabilities)/assets
(199,734)
466,002 
Total assets less current liabilities
(192,415)
474,951 
Creditors: amounts falling due after more than one year
(253,964)
(322,744)
Provisions for liabilities
Deferred tax
(1,700)
(1,700)
Net (liabilities)/assets
(448,079)
150,507 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(448,179)
150,407 
Shareholders' funds
(448,079)
150,507 
For the year ending 31 January 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 October 2024 and were signed on its behalf by
Mr J W Wheeler Director Company Registration No. 08851955
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Active Freight Worldwide Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Active Freight Worldwide Ltd is a private company, limited by shares, registered in England and Wales, registration number 08851955. The registered office is Oslands Court, Oslands Lane, Swanick, Hampshire, SO31 7EG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Fixtures & fittings: 33% on cost Motor vehicles: 33% on cost computer equipment: 33% on cost
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stock
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Active Freight Worldwide Ltd Notes to the Accounts for the year ended 31 January 2024
Hire purchase and leasing committments
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue. The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Additional note from the director
During the financial year we have opened our new London Heathrow branch in July 2023. These costs were an investment of expansion for the business incurring increases in costs including staffing, setup and additional premises. We deem this as a very positive investment which is already showing a profit return, which will reflect favourably in our next filing of accounts.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
8,500 
3,376 
16,913 
28,789 
Additions
- 
136 
4,713 
4,849 
At 31 January 2024
8,500 
3,512 
21,626 
33,638 
Depreciation
At 1 February 2023
2,805 
3,374 
13,661 
19,840 
Charge for the year
2,805 
45 
3,629 
6,479 
At 31 January 2024
5,610 
3,419 
17,290 
26,319 
Net book value
At 31 January 2024
2,890 
93 
4,336 
7,319 
At 31 January 2023
5,695 
2 
3,252 
8,949 
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Active Freight Worldwide Ltd Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
17,634 
29,853 
Trade debtors
308,495 
279,143 
Amounts due from group undertakings etc.
316,481 
473,434 
Accrued income and prepayments
16,645 
3,089 
Other debtors
29,696 
9,188 
688,951 
794,707 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
305,695 
162,429 
Trade creditors
643,523 
315,522 
Taxes and social security
194,711 
125,737 
Accruals
34,010 
8,392 
1,177,939 
612,080 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
253,964 
322,744 
Barclays Bank PLC hold a fixed and floating charge dated 16 September 2016.
8
Controlling party
The ultimate controlling party is Mr J W Wheeler
9
Average number of employees
During the year the average number of employees was 17 (2023: 14).
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