2023-06-30 10217407 2024-06-29 10217407 2023-06-30 2024-06-29 10217407 2023-06-29 10217407 2022-06-30 2023-06-29 10217407 uk-core:WithinOneYear 2023-06-29 10217407 uk-core:WithinOneYear 2024-06-29 10217407 uk-core:AfterOneYear 2023-06-29 10217407 uk-core:AfterOneYear 2024-06-29 10217407 uk-core:ShareCapital 2024-06-29 10217407 uk-core:ShareCapital 2023-06-29 10217407 uk-core:RetainedEarningsAccumulatedLosses 2024-06-29 10217407 uk-core:RetainedEarningsAccumulatedLosses 2023-06-29 10217407 uk-bus:Director1 2023-06-30 2024-06-29 10217407 uk-core:PlantMachinery 2023-06-30 2024-06-29 10217407 uk-core:ComputerEquipment 2023-06-30 2024-06-29 10217407 uk-core:CommercialMotorVehicles 2023-06-30 2024-06-29 10217407 uk-core:FurnitureFittings 2023-06-30 2024-06-29 10217407 uk-core:ComputerEquipment 2023-06-29 10217407 uk-core:FurnitureFittings 2023-06-29 10217407 uk-core:CommercialMotorVehicles 2023-06-29 10217407 uk-core:PlantMachinery 2023-06-29 10217407 uk-core:CommercialMotorVehicles 2024-06-29 10217407 uk-core:FurnitureFittings 2024-06-29 10217407 uk-core:ComputerEquipment 2024-06-29 10217407 uk-core:PlantMachinery 2024-06-29 10217407 uk-core:WithinOneYear uk-core:Secured 2024-06-29 10217407 uk-core:WithinOneYear uk-core:Secured 2023-06-29 iso4217:GBP xbrli:pure 10217407 uk-bus:AuditExemptWithAccountantsReport 2023-06-30 2024-06-29 10217407 uk-bus:FRS102 2023-06-30 2024-06-29 10217407 uk-bus:FilletedAccounts 2023-06-30 2024-06-29 10217407 uk-bus:PrivateLimitedCompanyLtd 2023-06-30 2024-06-29
FREIGHT2GO EUROPE LIMITED
Registered Number:10217407
For the year ended 29 June 2024
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
10217407
As at 29 June 2024
FREIGHT2GO EUROPE LIMITED
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
422,677
485,019
2
422,677
485,019
Current assets
Inventories
-
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
Capital and reserves
Called up share capital
10
10
Retained earnings
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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4
Registered Number :
10217407
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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5
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.
Registered address:
141 Great Bridge Street
Birmingham
West Midlands
B70 0DA
The presentation currency is £ sterling.
1. Accounting policies
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
25 % Straight line
30 % Straight line
Computer Equipment
25 % Straight line
Motor Vehicles
25 % Straight line
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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6
For the year ended 29 June 2024
FREIGHT2GO EUROPE LIMITED
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
Plant and
Machinery
£
£
£
£
£
Cost or
valuation
At 30 June 2023
916,079
6,195
4,866
804,141
100,877
221,971
1,763
441
205,482
14,285
Additions
-
-
(8,808)
-
Disposals
(8,808)
At 29 June 2024
1,000,815
5,307
7,958
1,129,242
115,162
Provision for depreciation and impairment
At 30 June 2023
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)
-
On disposal
At 29 June 2024
706,565
6,158
2,753
629,459
68,195
At 29 June 2024
Net book value
46,967
371,356
2,554
1,800
422,677
At 29 June 2023
61,473
417,896
3,440
2,210
485,019
3. Inventories
2023
2024
£
£
Stocks
167,370
-
4. Trade and other receivables
2023
2024
£
£
Trade debtors
995,310
963,034
Other debtors
248,435
245,431
1,208,465
1,243,745
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7
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
Trade creditors
674,978
510,563
Taxation and social security
57,610
117,471
Other creditors
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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