Registered number
02118511
Hawk Freight Services Limited
Unaudited Filleted Abridged Accounts
31 March 2024
Hawk Freight Services Limited
Registered number: 02118511
Abridged Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 22,739 30,318
Current assets
Debtors 1,046,878 1,733,095
Cash at bank and in hand 5,042,101 4,434,115
6,088,979 6,167,210
Creditors: amounts falling due within one year (1,308,913) (1,730,753)
Net current assets 4,780,066 4,436,457
Net assets 4,802,805 4,466,775
Capital and reserves
Called up share capital 100 100
Profit and loss account 4,802,705 4,466,675
Shareholders' funds 4,802,805 4,466,775
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
P. Puri
Director
Approved by the board on 17 December 2024
Hawk Freight Services Limited
Notes to the Abridged Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 25% per annum, reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Group Accounts and Consolidation
The company has taken advantage of the exemption under Section 398 of Companies Act 2006 not to prepare Group Accounts, on the basis that it is a small sized group.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 14 15
3 Tangible fixed assets
Total
£
Cost
At 1 April 2023 444,042
At 31 March 2024 444,042
Depreciation
At 1 April 2023 413,724
Charge for the year 7,579
At 31 March 2024 421,303
Net book value
At 31 March 2024 22,739
At 31 March 2023 30,318
4 Related party transactions
Amounts due from Hawk Freight Holdings Limited, as at 31st March 2024, amounted to £281,919 (2023 - amount due from £201,919)

Amounts due to the directors, Mr P. Puri and Mrs. K. Puri (joint account), as at 31st March 2024, amounted to £655 (2023 - £100,255).
5 Controlling party
The company is a wholly owned subsidiary of Hawk Freight Holdings Limited, a company registered in England and Wales.

The company is under the ultimate control of Mr. P. Puri, and Mrs. K Puri who are directors and hold 87% of the issued share capital of the Hawk Freight Holdings Limited.
6 Other information
Hawk Freight Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Talon House
6 Blackthorne Road
Colnbrook
Slough
SL3 0AL
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