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REGISTERED NUMBER: 02704845 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Freightstore Limited

Freightstore Limited (Registered number: 02704845)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Freightstore Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr B C Goodall
Mr R Goodall





REGISTERED OFFICE: Bridge Farm
Old Newton
Stowmarket
Suffolk
IP14 4PA





REGISTERED NUMBER: 02704845 (England and Wales)





ACCOUNTANTS: Emsdens Limited - Chartered Certified Accountants
Ladbrook Close
Elmsett
Ipswich
Suffolk
IP7 6LD

Freightstore Limited (Registered number: 02704845)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 192,585 142,715

CURRENT ASSETS
Stocks 2,482 2,482
Debtors 5 212,608 109,901
Cash at bank 5,500 10,155
220,590 122,538
CREDITORS
Amounts falling due within one year 6 286,776 149,275
NET CURRENT LIABILITIES (66,186 ) (26,737 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,399

115,978

CREDITORS
Amounts falling due after more than one
year

7

147,248

137,200
NET LIABILITIES (20,849 ) (21,222 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (20,949 ) (21,322 )
SHAREHOLDERS' FUNDS (20,849 ) (21,222 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Freightstore Limited (Registered number: 02704845)

Balance Sheet - continued
30 April 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 24 October 2024 and were signed on its behalf by:




Mr B C Goodall - Director



Mr R Goodall - Director


Freightstore Limited (Registered number: 02704845)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Freightstore 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Equipment & motor vehicles - 25% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Freightstore Limited (Registered number: 02704845)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 - 162,337 162,337
Additions 21,643 69,620 91,263
Disposals - (17,880 ) (17,880 )
At 30 April 2024 21,643 214,077 235,720
DEPRECIATION
At 1 May 2023 - 19,622 19,622
Charge for year 1,082 23,772 24,854
Eliminated on disposal - (1,341 ) (1,341 )
At 30 April 2024 1,082 42,053 43,135
NET BOOK VALUE
At 30 April 2024 20,561 172,024 192,585
At 30 April 2023 - 142,715 142,715

Freightstore Limited (Registered number: 02704845)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023 126,424
Additions 69,620
Disposals (17,880 )
At 30 April 2024 178,164
DEPRECIATION
At 1 May 2023 4,276
Charge for year 18,326
Eliminated on disposal (1,341 )
At 30 April 2024 21,261
NET BOOK VALUE
At 30 April 2024 156,903
At 30 April 2023 122,148

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 154,185 86,887
Other debtors 58,423 23,014
212,608 109,901

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 30,938 -
Hire purchase contracts 29,468 15,630
Trade creditors 180,427 98,156
Taxation and social security 25,859 16,341
Other creditors 20,084 19,148
286,776 149,275

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 22,184 31,944
Hire purchase contracts 125,064 105,256
147,248 137,200

Freightstore Limited (Registered number: 02704845)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

The controlling party is Freightstore Warehousing Limited.

The ultimate controlling party is Freightstore Warehousing Limited.