IRIS Accounts Production v24.3.2.46 06855411 Board of Directors 1.1.24 31.12.24 31.12.24 29.4.25 false true false false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh068554112023-12-31068554112024-12-31068554112024-01-012024-12-31068554112022-12-31068554112023-01-012023-12-31068554112023-12-3106855411ns15:EnglandWales2024-01-012024-12-3106855411ns14:PoundSterling2024-01-012024-12-3106855411ns10:Director12024-01-012024-12-3106855411ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3106855411ns10:SmallEntities2024-01-012024-12-3106855411ns10:Audited2024-01-012024-12-3106855411ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3106855411ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3106855411ns10:FullAccounts2024-01-012024-12-310685541112024-01-012024-12-3106855411ns10:OrdinaryShareClass12024-01-012024-12-3106855411ns10:Director32024-01-012024-12-3106855411ns10:Director22024-01-012024-12-3106855411ns10:Director42024-01-012024-12-3106855411ns10:RegisteredOffice2024-01-012024-12-3106855411ns5:CurrentFinancialInstruments2024-12-3106855411ns5:CurrentFinancialInstruments2023-12-3106855411ns5:ShareCapital2024-12-3106855411ns5:ShareCapital2023-12-3106855411ns5:RetainedEarningsAccumulatedLosses2024-12-3106855411ns5:RetainedEarningsAccumulatedLosses2023-12-3106855411ns5:NetGoodwill2024-01-012024-12-3106855411ns5:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3106855411ns5:NetGoodwill2023-12-3106855411ns5:NetGoodwill2024-12-3106855411ns5:NetGoodwill2023-12-3106855411ns5:LeaseholdImprovements2023-12-3106855411ns5:FurnitureFittings2023-12-3106855411ns5:MotorVehicles2023-12-3106855411ns5:LeaseholdImprovements2024-01-012024-12-3106855411ns5:FurnitureFittings2024-01-012024-12-3106855411ns5:MotorVehicles2024-01-012024-12-3106855411ns5:LeaseholdImprovements2024-12-3106855411ns5:FurnitureFittings2024-12-3106855411ns5:MotorVehicles2024-12-3106855411ns5:LeaseholdImprovements2023-12-3106855411ns5:FurnitureFittings2023-12-3106855411ns5:MotorVehicles2023-12-3106855411ns5:AdditionsToInvestments2024-12-3106855411ns5:CostValuation2024-12-3106855411ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-12-3106855411ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3106855411ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 06855411 (England and Wales)













Financial Statements

for the Year Ended 31 December 2024

for

Casper Logistics Limited

Casper Logistics Limited (Registered number: 06855411)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Casper Logistics Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mrs D E Irving
M Shakesheff
M D Sharp
Mrs E L Rookes





REGISTERED OFFICE: Airport Freightway Freight Village
Woolsington
Newcastle Upon Tyne
Tyne and Wear
NE13 8BH





REGISTERED NUMBER: 06855411 (England and Wales)





AUDITORS: Anderson Barrowcliff Limited
Statutory Auditors
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Casper Logistics Limited (Registered number: 06855411)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 78,554 126,333
Investments 6 4,544 -
83,098 126,333

CURRENT ASSETS
Debtors 7 653,764 516,874
Cash at bank and in hand 482,299 368,662
1,136,063 885,536
CREDITORS
Amounts falling due within one year 8 434,137 376,763
NET CURRENT ASSETS 701,926 508,773
TOTAL ASSETS LESS CURRENT
LIABILITIES

785,024

635,106

PROVISIONS FOR LIABILITIES 2,069 6,600
NET ASSETS 782,955 628,506

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 782,954 628,505
SHAREHOLDERS' FUNDS 782,955 628,506

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 29 April 2025 and were signed on its behalf by:





M Shakesheff - Director


Casper Logistics Limited (Registered number: 06855411)

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

1. STATUTORY INFORMATION

Casper Logistics 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

Preparation of consolidated financial statements
The financial statements contain information about Casper Logistics Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Casper Shipping Holdings Limited, Tees Wharf, Dockside Road, Middlesbrough, Cleveland, TS3 6AH.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised when the agreed freight forwarder service is considered delivered and control of the cargo has passed to the customer or another logistics provider.

Goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets required. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Improvements to property4 years on cost
Fixtures and fittings4 years on cost
Motor vehicles4 years on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.


Casper Logistics Limited (Registered number: 06855411)

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

2. ACCOUNTING POLICIES - continued
Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences.

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Debtors and creditors receivable/ payable
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 14 ) .

Casper Logistics Limited (Registered number: 06855411)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 112,623
AMORTISATION
At 1 January 2024
and 31 December 2024 112,623
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 52,122 76,817 95,240 224,179
Additions - 1,565 - 1,565
At 31 December 2024 52,122 78,382 95,240 225,744
DEPRECIATION
At 1 January 2024 30,322 49,020 18,504 97,846
Charge for year 13,032 13,848 22,464 49,344
At 31 December 2024 43,354 62,868 40,968 147,190
NET BOOK VALUE
At 31 December 2024 8,768 15,514 54,272 78,554
At 31 December 2023 21,800 27,797 76,736 126,333

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 4,544
At 31 December 2024 4,544
NET BOOK VALUE
At 31 December 2024 4,544

Casper Logistics Limited (Registered number: 06855411)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 496,140 389,652
Amounts owed by group undertakings 105,473 77,082
VAT 17,378 10,962
Prepayments and accrued income 34,773 39,178
653,764 516,874

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 225,863 187,208
Taxation 41,436 60,159
Accrued expenses 166,838 129,396
434,137 376,763

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Shawcross FCA (Senior Statutory Auditor)
for and on behalf of Anderson Barrowcliff Limited

11. CONTINGENT LIABILITIES

The company is party to a cross guarantee with its fellow subsidiaries, parent company and associated companies, Casper Chartering Limited and H.C. Shipping & Chartering Limited. At 31 December 2024, the aggregate bank loans and overdraft of companies within the agreement, was £900,000 (2023 - £900,000). The directors do not consider that any loss will arise in connection with this guarantee and consequently no amount is provided within these financial statements.

12. OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £33,500 (2023 - £66,277) relating to amounts payable under operating leases.

13. PARENT UNDERTAKING

The immediate and ultimate parent company is Casper Shipping Holdings Limited. These financial statements are included in the consolidated financial statements of Casper Shipping Holdings Limited. The parent's registered office address is the same as Casper Logistics Limited as detailed on the Company Information page.