Caseware UK (AP4) 2023.0.135 2023.0.135 2024-08-312024-08-314false42023-09-01No description of principal activityfalsetruefalse 01038224 2023-09-01 2024-08-31 01038224 2022-09-01 2023-08-31 01038224 2024-08-31 01038224 2023-08-31 01038224 c:CompanySecretary1 2023-09-01 2024-08-31 01038224 c:Director1 2023-09-01 2024-08-31 01038224 c:Director2 2023-09-01 2024-08-31 01038224 c:Director3 2023-09-01 2024-08-31 01038224 c:Director4 2023-09-01 2024-08-31 01038224 c:RegisteredOffice 2023-09-01 2024-08-31 01038224 c:Agent1 2023-09-01 2024-08-31 01038224 c:Agent2 2023-09-01 2024-08-31 01038224 c:Agent3 2023-09-01 2024-08-31 01038224 d:CurrentFinancialInstruments 2024-08-31 01038224 d:CurrentFinancialInstruments 2023-08-31 01038224 d:ShareCapital 2024-08-31 01038224 d:ShareCapital 2023-08-31 01038224 d:RetainedEarningsAccumulatedLosses 2024-08-31 01038224 d:RetainedEarningsAccumulatedLosses 2023-08-31 01038224 c:FRS102 2023-09-01 2024-08-31 01038224 c:Audited 2023-09-01 2024-08-31 01038224 c:FullAccounts 2023-09-01 2024-08-31 01038224 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 01038224 c:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 01038224 6 2023-09-01 2024-08-31 01038224 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure
Company registration number: 01038224







FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2024


FREIGHTFLOW INTERNATIONAL LIMITED






































img7fbe.png                        

 


FREIGHTFLOW INTERNATIONAL LIMITED
 


 
COMPANY INFORMATION


Directors
R.F. Tolhurst 
K.N. Abrehart 
A.M. Burgess 
O.M.Tolhurst 




Company secretary
R.F. Tolhurst



Registered number
01038224



Registered office
Ashcombe House
5 The Crescent


Leatherhead

Surrey

KT22 8DY




Independent auditor
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent


Leatherhead

Surrey

KT22 8DY




Bankers
Barclays Bank Plc
1 Churchill Place



London


E14 5HP



















 


FREIGHTFLOW INTERNATIONAL LIMITED
 



CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 4


 


FREIGHTFLOW INTERNATIONAL LIMITED
REGISTERED NUMBER:01038224



STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
352,278
352,278

  
352,278
352,278

Current assets
  

Debtors: amounts falling due within one year
 5 
74
5

Cash at bank and in hand
  
103
172

  
177
177

Total assets less current liabilities
  
 
 
352,455
 
 
352,455

  

Net assets
  
352,455
352,455


Capital and reserves
  

Allotted, called up and fully paid share capital
  
1,000
1,000

Profit and loss account
  
351,455
351,455

  
352,455
352,455


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R.F. Tolhurst
A. M. Burgess
Director
Director


Date: 19 March 2025
Date:19 March 2025


The notes on pages 2 to 4 form part of these financial statements.

Page 1

 


FREIGHTFLOW INTERNATIONAL LIMITED
 


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

1.


General information

Freightflow International Limited is a private company limited by shares incorporated in England and Wales. The
address of the registered office and company's registered number is disclosed on the company information page. The principal place of business is Ham Lane, Lenham, Maidstone, Kent, ME17 2LH.
The financial statements are presented in sterling which is the functional currency of the company and rounded to
the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company supplies its services to its related companies in order that they may continue to operate and as such these companies have and will continue to provide financial support as required.
It is the directors' opinion that the company will continue to be able to operate in the future due to the continued support of other companies within the Lenham "Group", and the availability of borrowing facilities.

  
2.3

Exemption from consolidation

The company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment. Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. 

 
2.5

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Page 2

 


FREIGHTFLOW INTERNATIONAL LIMITED
 


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

2.Accounting policies (continued)


2.6
Financial instruments (continued)

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Page 3

 


FREIGHTFLOW INTERNATIONAL LIMITED
 


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

2.Accounting policies (continued)


2.6
Financial instruments (continued)

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees




The average monthly number of employees, including directors, during the year was 4 (2023 - 4).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 September 2023
352,278



At 31 August 2024
352,278





5.


Debtors

2024
2023
£
£


Prepayments and accrued income
74
5

74
5



6.


Auditor's information

The auditor's report on the financial statements for the year ended 31 August 2024 was unqualified.

The audit report was signed on 19 March 2025 by Andrew Hookway FCA (Senior Statutory Auditor) on behalf of Menzies LLP.

Page 4