FREIGHT2GO EUROPE LIMITED |
Registered Number:10217407 |
For the year ended 29 June 2024
England and Wales
Unaudited Financial Statements
For the year ended 29 June 2024
FREIGHT2GO EUROPE LIMITED
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
FREIGHT2GO EUROPE LIMITED
Statement of Financial Position
2023
2024
Property, plant and equipment |
422,677
485,019
2
422,677
485,019
-
167,370
3
Trade and other receivables |
1,208,465
1,243,745
4
176,401
Cash and cash equivalents |
143,891
1,555,006
1,384,866
Trade and other payables: amounts falling due within one |
year |
(698,692)
(886,297)
5
686,174
668,709
Net current assets
Total assets less current liabilities |
1,091,386
1,171,193
Trade and other payables: amounts falling due after more |
than one year |
(20,800)
(10,001)
6
1,081,385
Net assets
1,150,393
10
10
1,081,375
1,150,383
1,081,385
1,150,393
Shareholders' funds
For the year ended 29 June 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
TAYLOR, Craig Robert Director |
These financial statements were approved and authorised for issue by the Board on 27 March 2025 and were signed by: |
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For the year ended 29 June 2024
FREIGHT2GO EUROPE LIMITED
Statement of Financial Position Continued
The notes form part of these financial statements |
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For the year ended 29 June 2024
FREIGHT2GO EUROPE LIMITED
Notes to the Financial Statements
Statutory Information
FREIGHT2GO EUROPE LIMITED is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 10217407. |
141 Great Bridge Street
Birmingham
West Midlands
B70 0DA
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of 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 costs convention as |
modified by the revaluation of certain assets. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Motor Vehicles
Furniture and Fittings
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. |
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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 at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result. |
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For the year ended 29 June 2024
FREIGHT2GO EUROPE LIMITED
Notes to the Financial Statements Continued
2. Property, plant and equipment |
916,079
6,195
4,866
804,141
100,877
221,971
1,763
441
205,482
14,285
-
-
(8,808)
-
(8,808)
1,000,815
5,307
7,958
1,129,242
115,162
Provision for depreciation and impairment |
431,060
3,985
1,426
386,245
39,404
Charge for year
277,707
2,173
1,327
245,416
28,791
(2,202)
-
-
(2,202)
-
706,565
6,158
2,753
629,459
68,195
46,967
371,356
2,554
1,800
422,677
61,473
417,896
3,440
2,210
485,019
2023
2024
167,370
-
4. Trade and other receivables |
2023
2024
995,310
963,034
248,435
245,431
1,208,465
1,243,745
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For the year ended 29 June 2024
FREIGHT2GO EUROPE LIMITED
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2023
2024
Bank loans and overdraft (secured) |
9,912
63,195
674,978
510,563
Taxation and social security |
57,610
117,471
143,797
7,463
886,297
698,692
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
Bank loans and overdraft (secured) |
10,001
20,800
7. Average number of persons employed |
During the year the average number of employees was 14 (2023 : 12)
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