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REGISTERED NUMBER: 02586291 (England and Wales)















TUDOR INTERNATIONAL FREIGHT LIMITED

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






TUDOR INTERNATIONAL FREIGHT LIMITED (REGISTERED NUMBER: 02586291)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 4

Statement of Income and Retained Earnings 7

Balance Sheet 8

Cash Flow Statement 9

Notes to the Cash Flow Statement 10

Notes to the Financial Statements 11


TUDOR INTERNATIONAL FREIGHT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mrs S Johnson
D F Johnson
A B Johnson





SECRETARY: Mrs S Johnson





REGISTERED OFFICE: Low Hall Business Park, Low Hall Road,
Horsforth
Leeds
LS18 4EF





REGISTERED NUMBER: 02586291 (England and Wales)





AUDITORS: DSC Accountants Ltd
Chartered Accountants
Statutory Auditors
Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT

TUDOR INTERNATIONAL FREIGHT LIMITED (REGISTERED NUMBER: 02586291)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2024

The directors present their strategic report for the year ended 30 April 2024.

REVIEW OF BUSINESS
Turnover for the year ended 30 April 2024 was £14,430,640 which was a decrease of £9,758,844 compared with last year (2023: £24,189,484). Operating profit for the year ended 30 April 2024 was £1,746,184 which is a decrease of £3,449,904 compared with the prior year (2023: £5,196,088). Whilst this shows a downturn in both turnover and profits from 2023, they have returned to more comparable 2022 year end figures.

PRINCIPAL RISKS AND UNCERTAINTIES
Liquidity risk
The company seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs and to invest cash assets safely and profitably.

Credit risk
The principal credit risk arises from the company's trade debtors. In order to manage the risk, the company uses third party credit references and customer payment history to establish the correct credit limit for each customer. These credit limits are reviewed on a regular basis and take into account the most recent collection history and spend.

ON BEHALF OF THE BOARD:





A B Johnson - Director


17 January 2025

TUDOR INTERNATIONAL FREIGHT LIMITED (REGISTERED NUMBER: 02586291)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 APRIL 2024

The directors present their report with the financial statements of the company for the year ended 30 April 2024.

DIVIDENDS
The total distribution of dividends for the year ended 30 April 2024 will be £ 501,500 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 May 2023 to the date of this report.

Mrs S Johnson
D F Johnson
A B Johnson

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, DSC Accountants Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





A B Johnson - Director


17 January 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
TUDOR INTERNATIONAL FREIGHT LIMITED

Opinion
We have audited the financial statements of Tudor International Freight Limited (the 'company') for the year ended 30 April 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 April 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
TUDOR INTERNATIONAL FREIGHT LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We focused on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation, enquiries with management and the inspection of other regulatory and legal correspondence. We addressed the risk of management override of internal controls, including testing journals and estimates and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud. The cut-off and completeness of accrued income and costs was tested substantively by examination of sales and purchases around the year end and throughout the year, and ensuring that both sales and the associated costs were booked in the correct year. Substantive testing was in both directions, from the job management system to Sales ledger, and from the accounting records, to the job management system. We did not identify any key audit matters relating to irregularities, including fraud.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation.This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
TUDOR INTERNATIONAL FREIGHT LIMITED


Other matters which we are required to address.
As this is the first year the company has breached the audit threshold, the comparative figures are unaudited.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Graham French (Senior Statutory Auditor)
for and on behalf of DSC Accountants Ltd
Chartered Accountants
Statutory Auditors
Tattersall House
East Parade
Harrogate
North Yorkshire
HG1 5LT

17 January 2025

TUDOR INTERNATIONAL FREIGHT LIMITED (REGISTERED NUMBER: 02586291)

STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 30 APRIL 2024

2024 2023
Notes £    £   

TURNOVER 14,430,640 24,189,484

Cost of sales 10,557,387 17,003,763
GROSS PROFIT 3,873,253 7,185,721

Administrative expenses 2,135,763 1,989,633
1,737,490 5,196,088

Other operating income 8,694 -
OPERATING PROFIT 4 1,746,184 5,196,088

Interest receivable and similar income 225,168 35,613
1,971,352 5,231,701

Interest payable and similar expenses 5 26 -
PROFIT BEFORE TAXATION 1,971,326 5,231,701

Tax on profit 6 518,886 1,023,435
PROFIT FOR THE FINANCIAL YEAR 1,452,440 4,208,266

Retained earnings at beginning of year 7,494,757 3,738,491

Dividends 7 (501,500 ) (452,000 )

RETAINED EARNINGS AT END OF
YEAR

8,445,697

7,494,757

TUDOR INTERNATIONAL FREIGHT LIMITED (REGISTERED NUMBER: 02586291)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 8 - -
Tangible assets 9 287,390 82,830
287,390 82,830

CURRENT ASSETS
Debtors 10 4,604,374 3,486,166
Cash at bank 5,067,462 7,132,785
9,671,836 10,618,951
CREDITORS
Amounts falling due within one year 11 1,464,621 3,206,921
NET CURRENT ASSETS 8,207,215 7,412,030
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,494,605

7,494,860

PROVISIONS FOR LIABILITIES 13 48,805 -
NET ASSETS 8,445,800 7,494,860

CAPITAL AND RESERVES
Called up share capital 14 103 103
Retained earnings 15 8,445,697 7,494,757
SHAREHOLDERS' FUNDS 8,445,800 7,494,860

The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by:





A B Johnson - Director


TUDOR INTERNATIONAL FREIGHT LIMITED (REGISTERED NUMBER: 02586291)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 APRIL 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 396,645 4,775,227
Interest paid (26 ) -
Tax paid (1,528,529 ) (62,268 )
Net cash from operating activities (1,131,910 ) 4,712,959

Cash flows from investing activities
Purchase of tangible fixed assets (292,421 ) (52,548 )
Interest received 225,168 35,613
Net cash from investing activities (67,253 ) (16,935 )

Cash flows from financing activities
Amount introduced by directors 9,137 349,386
Amount withdrawn by directors (373,797 ) -
Equity dividends paid (501,500 ) (452,000 )
Net cash from financing activities (866,160 ) (102,614 )

(Decrease)/increase in cash and cash equivalents (2,065,323 ) 4,593,410
Cash and cash equivalents at beginning of
year

2

7,132,785

2,539,375

Cash and cash equivalents at end of year 2 5,067,462 7,132,785

TUDOR INTERNATIONAL FREIGHT LIMITED (REGISTERED NUMBER: 02586291)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 APRIL 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024 2023
£    £   
Profit before taxation 1,971,326 5,231,701
Depreciation charges 87,861 38,319
Finance costs 26 -
Finance income (225,168 ) (35,613 )
1,834,045 5,234,407
Increase in trade and other debtors (1,083,195 ) (1,693,876 )
(Decrease)/increase in trade and other creditors (354,205 ) 1,234,696
Cash generated from operations 396,645 4,775,227

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 April 2024
30.4.24 1.5.23
£    £   
Cash and cash equivalents 5,067,462 7,132,785
Year ended 30 April 2023
30.4.23 1.5.22
£    £   
Cash and cash equivalents 7,132,785 2,539,375


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.5.23 Cash flow At 30.4.24
£    £    £   
Net cash
Cash at bank 7,132,785 (2,065,323 ) 5,067,462
7,132,785 (2,065,323 ) 5,067,462
Total 7,132,785 (2,065,323 ) 5,067,462

TUDOR INTERNATIONAL FREIGHT LIMITED (REGISTERED NUMBER: 02586291)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Tudor 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" 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.

Goodwill
Goodwill is amortised over its estimated useful life of 5 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - at variable rates on reducing balance

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.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

TUDOR INTERNATIONAL FREIGHT LIMITED (REGISTERED NUMBER: 02586291)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

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

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
2024 2023
£    £   
Wages and salaries 1,105,275 958,185
Social security costs 125,155 107,066
Other pension costs 204,149 234,649
1,434,579 1,299,900

The average number of employees during the year was as follows:
2024 2023

Administration 22 20

2024 2023
£    £   
Directors' remuneration 36,322 31,272
Directors' pension contributions to money purchase schemes 120,000 120,000

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 2 2

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Other operating leases 73,784 64,215
Depreciation - owned assets 87,861 19,461
Goodwill amortisation - 18,858
Auditors' remuneration 7,500 -
Foreign exchange differences (196,463 ) (80,788 )

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank interest 26 -

TUDOR INTERNATIONAL FREIGHT LIMITED (REGISTERED NUMBER: 02586291)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 470,081 1,023,435

Deferred tax 48,805 -
Tax on profit 518,886 1,023,435

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 1,971,326 5,231,701
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 25%)

492,832

1,307,925

Effects of:
Expenses not deductible for tax purposes 5,347 8,898
Capital allowances in excess of depreciation - (4,254 )
Depreciation in excess of capital allowances 20,707 -
Change of rate of corporation tax - (289,134 )
Total tax charge 518,886 1,023,435

In April 2023, the main rate of corporation tax in the UK rose to 25% with a small profits rate for companies with profits under £50,000 of 19%. Profits between £50,000 and £250,000 will be taxed at a marginal rate.

7. DIVIDENDS

Dividends paid during the year amounted to £501,500 (2023: £452,000)

TUDOR INTERNATIONAL FREIGHT LIMITED (REGISTERED NUMBER: 02586291)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 126,858
AMORTISATION
At 1 May 2023
and 30 April 2024 126,858
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

9. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 103,322 115,940 133,275 352,537
Additions 7,562 265,150 19,709 292,421
At 30 April 2024 110,884 381,090 152,984 644,958
DEPRECIATION
At 1 May 2023 49,545 89,619 130,543 269,707
Charge for year 9,201 72,868 5,792 87,861
At 30 April 2024 58,746 162,487 136,335 357,568
NET BOOK VALUE
At 30 April 2024 52,138 218,603 16,649 287,390
At 30 April 2023 53,777 26,321 2,732 82,830

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,024,067 2,350,653
Prepayments 503,236 1,082,390
Tax 35,013 -
VAT 42,058 53,123
4,604,374 3,486,166

TUDOR INTERNATIONAL FREIGHT LIMITED (REGISTERED NUMBER: 02586291)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 892,608 1,136,846
Tax - 1,023,435
Social security and other taxes 39,580 50,538
Other creditors - 159
Directors' current accounts 9,943 374,603
Accruals and deferred income 522,490 621,340
1,464,621 3,206,921

12. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 50,000 50,000
Between one and five years 12,500 62,500
62,500 112,500

13. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 48,805 -

Deferred
tax
£   
Charge to Income Statement during year 48,805
Balance at 30 April 2024 48,805

14. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
98 Ordinary A £1 98 98
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
1 Ordinary D £1 1 1
1 Ordinary E £1 1 1
1 Ordinary F £1 1 1
103 103

TUDOR INTERNATIONAL FREIGHT LIMITED (REGISTERED NUMBER: 02586291)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

15. RESERVES
Retained
earnings
£   

At 1 May 2023 7,494,757
Profit for the year 1,452,440
Dividends (501,500 )
At 30 April 2024 8,445,697