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REGISTERED NUMBER: 02971504 (England and Wales)











Financial Statements

for the Year Ended 30 September 2023

for

F.S.U. FREIGHT LIMITED

F.S.U. FREIGHT LIMITED (REGISTERED NUMBER: 02971504)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


F.S.U. FREIGHT LIMITED

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Mr S Parsons
Mr L R S Parsons





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 02971504 (England and Wales)





ACCOUNTANTS: Conroy & Lermer
Chartered Accountants
42 Lytton Road
BARNET
EN5 5BY

F.S.U. FREIGHT LIMITED (REGISTERED NUMBER: 02971504)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75,216 40,740

CURRENT ASSETS
Stocks 417,368 417,368
Debtors 5 293,516 243,283
Cash at bank 48,205 22,171
759,089 682,822
CREDITORS
Amounts falling due within one year 6 808,215 1,051,028
NET CURRENT LIABILITIES (49,126 ) (368,206 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,090

(327,466

)

CREDITORS
Amounts falling due after more than one year 7 55,217 37,025
NET LIABILITIES (29,127 ) (364,491 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (29,227 ) (364,591 )
SHAREHOLDERS' FUNDS (29,127 ) (364,491 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

F.S.U. FREIGHT LIMITED (REGISTERED NUMBER: 02971504)

Balance Sheet - continued
30 September 2023


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 29 November 2024 and were signed on its behalf by:





Mr L R S Parsons - Director


F.S.U. FREIGHT LIMITED (REGISTERED NUMBER: 02971504)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

F.S.U. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced value of of supply and erection of ancillary building attachments provided, excluding value added tax.

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.
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost and 20% on reducing balance
Computer equipment - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 8 ) .

F.S.U. FREIGHT LIMITED (REGISTERED NUMBER: 02971504)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 23,741 1,420 47,250 689 73,100
Additions 50,000 - - - 50,000
At 30 September 2023 73,741 1,420 47,250 689 123,100
DEPRECIATION
At 1 October 2022 20,801 1,420 9,450 689 32,360
Charge for year 7,964 - 7,560 - 15,524
At 30 September 2023 28,765 1,420 17,010 689 47,884
NET BOOK VALUE
At 30 September 2023 44,976 - 30,240 - 75,216
At 30 September 2022 2,940 - 37,800 - 40,740

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machiner
£   
COST
Additions 50,000
At 30 September 2023 50,000
NET BOOK VALUE
At 30 September 2023 50,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 76,745 133,483
Other debtors - 3,301
Directors' current accounts - 71,601
Tax - 16,104
VAT 86,771 18,794
Prepayments and accrued income 130,000 -
293,516 243,283

F.S.U. FREIGHT LIMITED (REGISTERED NUMBER: 02971504)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts (see note 8) 5,804 -
Other loans (see note 8) 1,252 5,949
Trade creditors 65,888 474,398
Tax - 16,104
Social security and other taxes 3,500 -
Other creditors 140,550 548,994
HP Blackhorse < 1yr 7,052 -
Directors' current accounts 579,052 -
Accruals and deferred income 5,117 5,583
808,215 1,051,028

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans (see note 8) 29,935 37,025
HP Blackhorse more than 1 yr 25,282 -
55,217 37,025

8. LOANS

An analysis of the maturity of loans is given below:

30.9.23 30.9.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,804 -
Other loans 1,252 5,949
7,056 5,949

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,804 9,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 24,131 28,025

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.23 30.9.22
£    £   
Within one year 35,000 45,600
Between one and five years 94,100 114,000
129,100 159,600

F.S.U. FREIGHT LIMITED (REGISTERED NUMBER: 02971504)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
60 A Ordinary £1 60 60
40 B Ordinary £1 40 40
100 100

11. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors due within one year is £579,052 (2022: £71,601 debtors) owed to the directors. The amount is interest free and repayable on demand.