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Registered number: 01095437

Verran Freight Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/12/2024

Prepared By:
Apple Tree Accountancy Ltd
Fox Fold House
Steventon Road
East Hanney
Wantage
OX12 0HS

Verran Freight Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
DIRECTORS
Mr P J Bennett
Mr S P Joyce
Mr I Binning
REGISTERED OFFICE
Steventon Storage Facility, Hanney Road
Steventon
Abiingdon
Oxon.
OX13 6DJ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 01095437
ACCOUNTANTS
Apple Tree Accountancy Ltd
Fox Fold House
Steventon Road
East Hanney
Wantage
OX12 0HS

Verran Freight Ltd

ACCOUNTS
FOR THEYEARENDED31/12/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts5
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Verran Freight Ltd

BALANCE SHEET AT 31/12/2024
20242023
Notes££
FIXED ASSETS
Tangible assets395,904127,425
CURRENT ASSETS
Stock1,885-
Debtors5933,779996,928
Cash at bank and in hand730,385761,885
1,666,0491,758,813
CREDITORS: Amounts falling due within one year6456,923601,686
NET CURRENT ASSETS1,209,1261,157,127
TOTAL ASSETS LESS CURRENT LIABILITIES1,305,0301,284,552
PROVISIONS FOR LIABILITIES AND CHARGES723,97631,857
NET ASSETS1,281,0541,252,695
CAPITAL AND RESERVES
Called up share capital85151
Capital redemption reserve94949
Profit and loss account1,280,9541,252,595
SHAREHOLDERS' FUNDS1,281,0541,252,695

Verran Freight Ltd

BALANCE SHEET AT 31/12/2024
For the year ending 31/12/2024 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 14/03/2025 and signed on their behalf by
.............................
Mr P J Bennett
Director
.............................
Mr S P Joyce
Director

Verran Freight Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinerystraight line 14.29%
Commercial Vehiclesstraight line 20%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20242023
No.No.
Average number of employees2830

Verran Freight Ltd

3. TANGIBLE FIXED ASSETS
Short LeaseholdPlant andCommercial
PropertiesMachineryVehiclesTotal
££££
Cost
At 01/01/202452,000110,605675,415838,020
Additions--17,50017,500
At 31/12/202452,000110,605692,915855,520
Depreciation
At 01/01/202452,00099,138559,457710,595
For the year-1,51347,50849,021
At 31/12/202452,000100,651606,965759,616
Net Book Amounts
At 31/12/2024-9,95485,95095,904
At 31/12/2023-11,467115,958127,425
4. STOCK 20242023
££
Stock comprises:
Work in progress1,885-
1,885-
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors494,081561,722
Amounts due from group companies344,279344,279
Prepayments95,41990,927
933,779996,928

Verran Freight Ltd

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax20,43334,925
VAT89,93192,344
PAYE control35,30822,162
Directors current account2,7252,725
Directors current account2,8292,829
Hire purchase-3,520
Trade creditors286,458421,957
Pension schemes5,8384,587
Accruals13,40116,637
456,923601,686
7. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation23,97631,857
23,97631,857
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
775 A Ordinary shares of £0.05 each3939
245 B Ordinary Shares of £0.05 each1212
5151
9. OTHER RESERVES 20242023
££
Capital redemption reserve4949
4949

Verran Freight Ltd

10. RELATED PARTY TRANSACTIONS
Verran Freight Ltd (VFL) is controlled by Oxford Freight Group Ltd (OFGL). During the year, OFGL charged £361,000 (2023 : £769,000) to VFL for management services.
At the balance sheet date, VFL was owed £254,279 (2023 : £140,279) by OFGL.