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REGISTERED NUMBER: 07876172 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ABSOLUTE FREIGHT SERVICES LTD

ABSOLUTE FREIGHT SERVICES LTD (REGISTERED NUMBER: 07876172)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABSOLUTE FREIGHT SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: R S Obertelli





REGISTERED OFFICE: Constable Court
62 Dene Street
Dorking
Surrey
RH4 2DP





REGISTERED NUMBER: 07876172 (England and Wales)





ACCOUNTANTS: Ellis Atkins
Chartered Accountants
Constable Court
62 Dene Street
Dorking
Surrey
RH4 2DP

ABSOLUTE FREIGHT SERVICES LTD (REGISTERED NUMBER: 07876172)

BALANCE SHEET
31 DECEMBER 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,742 7,587

CURRENT ASSETS
Debtors 5 194,875 189,184
Cash at bank 102,481 163,074
297,356 352,258
CREDITORS
Amounts falling due within one year 6 150,512 191,311
NET CURRENT ASSETS 146,844 160,947
TOTAL ASSETS LESS CURRENT
LIABILITIES

150,586

168,534

CREDITORS
Amounts falling due after more than one year 7 4,333 8,333
NET ASSETS 146,253 160,201

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 146,153 160,101
SHAREHOLDERS' FUNDS 146,253 160,201

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ABSOLUTE FREIGHT SERVICES LTD (REGISTERED NUMBER: 07876172)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 April 2025 and were signed by:





R S Obertelli - Director


ABSOLUTE FREIGHT SERVICES LTD (REGISTERED NUMBER: 07876172)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Absolute Freight Services Ltd 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.
Plant and machinery etc - 20% on cost and between 25% and 50% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 5 (2023 - 5 ) .

ABSOLUTE FREIGHT SERVICES LTD (REGISTERED NUMBER: 07876172)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 9,119 24,910 9,756 43,785
Additions - - 1,152 1,152
Disposals (108 ) - (2,122 ) (2,230 )
At 31 December 2024 9,011 24,910 8,786 42,707
DEPRECIATION
At 1 January 2024 7,492 20,910 7,796 36,198
Charge for year 1,627 2,000 1,370 4,997
Eliminated on disposal (108 ) - (2,122 ) (2,230 )
At 31 December 2024 9,011 22,910 7,044 38,965
NET BOOK VALUE
At 31 December 2024 - 2,000 1,742 3,742
At 31 December 2023 1,627 4,000 1,960 7,587

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 192,664 184,746
Other debtors 2,211 4,438
194,875 189,184

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Bank loans and overdrafts 4,000 4,000
Trade creditors 84,412 126,685
Taxation and social security 53,273 46,732
Other creditors 8,827 13,894
150,512 191,311

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/12/24 31/12/23
£    £   
Bank loans 4,333 8,333