Silverfin false false 31/08/2024 01/06/2023 31/08/2024 S H James 09/01/2024 C S Negus 30/11/2023 R A Negus 30/11/2023 14 May 2025 The principal activity of the company was the provision of international couriers and logistics. 04104183 2024-08-31 04104183 bus:Director1 2024-08-31 04104183 bus:Director2 2024-08-31 04104183 bus:Director3 2024-08-31 04104183 2023-05-31 04104183 core:CurrentFinancialInstruments 2024-08-31 04104183 core:CurrentFinancialInstruments 2023-05-31 04104183 core:Non-currentFinancialInstruments 2024-08-31 04104183 core:Non-currentFinancialInstruments 2023-05-31 04104183 core:ShareCapital 2024-08-31 04104183 core:ShareCapital 2023-05-31 04104183 core:RetainedEarningsAccumulatedLosses 2024-08-31 04104183 core:RetainedEarningsAccumulatedLosses 2023-05-31 04104183 core:LeaseholdImprovements 2023-05-31 04104183 core:PlantMachinery 2023-05-31 04104183 core:Vehicles 2023-05-31 04104183 core:FurnitureFittings 2023-05-31 04104183 core:OfficeEquipment 2023-05-31 04104183 core:LeaseholdImprovements 2024-08-31 04104183 core:PlantMachinery 2024-08-31 04104183 core:Vehicles 2024-08-31 04104183 core:FurnitureFittings 2024-08-31 04104183 core:OfficeEquipment 2024-08-31 04104183 2023-06-01 2024-08-31 04104183 bus:FilletedAccounts 2023-06-01 2024-08-31 04104183 bus:SmallEntities 2023-06-01 2024-08-31 04104183 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-08-31 04104183 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-08-31 04104183 bus:Director1 2023-06-01 2024-08-31 04104183 bus:Director2 2023-06-01 2024-08-31 04104183 bus:Director3 2023-06-01 2024-08-31 04104183 core:PlantMachinery 2023-06-01 2024-08-31 04104183 core:Vehicles 2023-06-01 2024-08-31 04104183 core:FurnitureFittings 2023-06-01 2024-08-31 04104183 core:OfficeEquipment 2023-06-01 2024-08-31 04104183 2022-06-01 2023-05-31 04104183 core:LeaseholdImprovements 2023-06-01 2024-08-31 04104183 core:Non-currentFinancialInstruments 2023-06-01 2024-08-31 iso4217:GBP xbrli:pure

Company No: 04104183 (England and Wales)

EX PD INTERNATIONAL LIMITED

Unaudited Financial Statements
For the financial period from 01 June 2023 to 31 August 2024
Pages for filing with the registrar

EX PD INTERNATIONAL LIMITED

Unaudited Financial Statements

For the financial period from 01 June 2023 to 31 August 2024

Contents

EX PD INTERNATIONAL LIMITED

BALANCE SHEET

As at 31 August 2024
EX PD INTERNATIONAL LIMITED

BALANCE SHEET (continued)

As at 31 August 2024
Note 31.08.2024 31.05.2023
£ £
Fixed assets
Tangible assets 3 17,558 28,493
17,558 28,493
Current assets
Debtors 4 158,244 180,439
Cash at bank and in hand 86,390 109,479
244,634 289,918
Creditors: amounts falling due within one year 5 ( 121,616) ( 224,046)
Net current assets 123,018 65,872
Total assets less current liabilities 140,576 94,365
Creditors: amounts falling due after more than one year 6 ( 10,833) ( 23,333)
Provision for liabilities ( 3,815) ( 6,502)
Net assets 125,928 64,530
Capital and reserves
Called-up share capital 100 100
Profit and loss account 125,828 64,430
Total shareholders' funds 125,928 64,530

For the financial period ending 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of EX PD International Limited (registered number: 04104183) were approved and authorised for issue by the Board of Directors on 14 May 2025. They were signed on its behalf by:

R A Negus
Director
EX PD INTERNATIONAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 June 2023 to 31 August 2024
EX PD INTERNATIONAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 June 2023 to 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

EX PD International Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Units E, F And G Griffin Industrial Park, Totton, Southampton, SO40 3SH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Leasehold improvements depreciated over the life of the lease
Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

Period from
01.06.2023 to
31.08.2024
Year ended
31.05.2023
Number Number
Monthly average number of persons employed by the Company during the period, including directors 7 9

3. Tangible assets

Leasehold improve-
ments
Plant and machinery Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £ £
Cost
At 01 June 2023 88,275 21,545 61,369 12,349 4,373 187,911
Additions 0 0 0 145 238 383
Disposals ( 88,275) ( 21,545) 0 ( 12,349) 0 ( 122,169)
At 31 August 2024 0 0 61,369 145 4,611 66,125
Accumulated depreciation
At 01 June 2023 88,275 19,067 37,119 11,374 3,583 159,418
Charge for the financial period 0 847 7,579 314 276 9,016
Disposals ( 88,275) ( 19,914) 0 ( 11,678) 0 ( 119,867)
At 31 August 2024 0 0 44,698 10 3,859 48,567
Net book value
At 31 August 2024 0 0 16,671 135 752 17,558
At 31 May 2023 0 2,478 24,250 975 790 28,493

4. Debtors

31.08.2024 31.05.2023
£ £
Trade debtors 91,087 173,075
Amounts owed by Group undertakings 44,298 0
Corporation tax 22,079 0
Other debtors 780 7,364
158,244 180,439

5. Creditors: amounts falling due within one year

31.08.2024 31.05.2023
£ £
Bank loans 10,000 10,000
Trade creditors 94,693 148,601
Taxation and social security 6,103 42,964
Other creditors 10,820 22,481
121,616 224,046

6. Creditors: amounts falling due after more than one year

31.08.2024 31.05.2023
£ £
Bank loans 10,833 23,333

There are no amounts included above in respect of which any security has been given by the small entity.

7. Financial commitments

Commitments

31.08.2024 31.05.2023
£ £
Total future minimum lease payments under non-cancellable operating lease 0 2,523

8. Ultimate controlling party

Parent Company:

Southampton Freight Services Ltd