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REGISTERED NUMBER: 05215325 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Executive Freight Services Limited

Executive Freight Services Limited (Registered number: 05215325)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Executive Freight Services Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: R Mitchell
Ms A Findlay
B Tull





REGISTERED OFFICE: Unit 7 Arrow Industrial Estate
Farnborough
Hampshire
GU14 7QH





REGISTERED NUMBER: 05215325 (England and Wales)






Executive Freight Services Limited (Registered number: 05215325)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,121 15,760

CURRENT ASSETS
Debtors 5 774,841 544,914
Cash at bank 341,222 496,897
1,116,063 1,041,811
CREDITORS
Amounts falling due within one year 6 543,642 482,720
NET CURRENT ASSETS 572,421 559,091
TOTAL ASSETS LESS CURRENT
LIABILITIES

585,542

574,851

CREDITORS
Amounts falling due after more than
one year

7

2,703

4,287
NET ASSETS 582,839 570,564

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 582,739 570,464
582,839 570,564

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Executive Freight Services Limited (Registered number: 05215325)

Balance Sheet - continued
31 August 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 13 March 2025 and were signed on its behalf by:





Ms A Findlay - Director


Executive Freight Services Limited (Registered number: 05215325)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Executive Freight Services 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.
Land and buildings - 10% on cost
Plant and machinery etc - 25% 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.

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.

Executive Freight Services Limited (Registered number: 05215325)

Notes to the Financial Statements - continued
for the Year Ended 31 August 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 17 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 7,700 92,946 100,646
Additions - 3,362 3,362
Disposals - (55,062 ) (55,062 )
At 31 August 2024 7,700 41,246 48,946
DEPRECIATION
At 1 September 2023 7,700 77,186 84,886
Charge for year - 3,835 3,835
Eliminated on disposal - (52,896 ) (52,896 )
At 31 August 2024 7,700 28,125 35,825
NET BOOK VALUE
At 31 August 2024 - 13,121 13,121
At 31 August 2023 - 15,760 15,760

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 640,001 462,463
Other debtors 134,840 82,451
774,841 544,914

Executive Freight Services Limited (Registered number: 05215325)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 500,645 402,572
Taxation and social security 9,397 41,433
Other creditors 33,600 38,715
543,642 482,720

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Other creditors 2,703 4,287

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
R Mitchell
Balance outstanding at start of year (3,805 ) (3,805 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,805 ) (3,805 )

Ms A Findlay
Balance outstanding at start of year 896 896
Amounts repaid (396 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 500 896

9. POST BALANCE SHEET EVENTS

Subsequent to the balance sheet date, the share capital of the company was restructured. The total issued share capital changed from 100 ordinary shares to 60 A shares and 40 B shares. This change was a result of the sale of 60% of the business. The restructuring reflects the ownership transfer and the adjustment in the company's equity structure.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Voyfair Logistics GMBH.