Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-302025-05-082023-10-01falseshipbrokers and ship agents.33truetruefalse 01151162 2023-10-01 2024-09-30 01151162 2022-10-01 2023-09-30 01151162 2024-09-30 01151162 2023-09-30 01151162 c:Director2 2023-10-01 2024-09-30 01151162 d:FurnitureFittings 2023-10-01 2024-09-30 01151162 d:FurnitureFittings 2024-09-30 01151162 d:FurnitureFittings 2023-09-30 01151162 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 01151162 d:CurrentFinancialInstruments 2024-09-30 01151162 d:CurrentFinancialInstruments 2023-09-30 01151162 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 01151162 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 01151162 d:ShareCapital 2024-09-30 01151162 d:ShareCapital 2023-09-30 01151162 d:RetainedEarningsAccumulatedLosses 2024-09-30 01151162 d:RetainedEarningsAccumulatedLosses 2023-09-30 01151162 c:OrdinaryShareClass1 2023-10-01 2024-09-30 01151162 c:OrdinaryShareClass1 2024-09-30 01151162 c:OrdinaryShareClass1 2023-09-30 01151162 c:FRS102 2023-10-01 2024-09-30 01151162 c:Audited 2023-10-01 2024-09-30 01151162 c:FullAccounts 2023-10-01 2024-09-30 01151162 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 01151162 c:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 01151162 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01151162









FREIGHT EXPRESS SEACON (RYE) LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
FREIGHT EXPRESS SEACON (RYE) LIMITED
REGISTERED NUMBER: 01151162

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,110
3,923

Current assets
  

Debtors: amounts falling due within one year
 5 
1,065,597
910,269

Cash at bank and in hand
 6 
295,426
299,127

  
1,361,023
1,209,396

Creditors: amounts falling due within one year
 7 
(1,237,006)
(1,088,425)

Net current assets
  
 
 
124,017
 
 
120,971

Total assets less current liabilities
  
127,127
124,894

  

Net assets
  
127,127
124,894


Capital and reserves
  

Called up share capital 
 8 
5,000
5,000

Profit and loss account
  
122,127
119,894

  
127,127
124,894


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 comprehensive income 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: 




J A Roth
Director

Date: 14 April 2025

The notes on pages 2 to 7 form part of these financial statements.

Page 1

 
FREIGHT EXPRESS SEACON (RYE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

The company, incorporated in England and Wales, has its registered office at Tower Wharf, Northfleet, Kent, DA11 9BD.
The company's principal activity continued to be that of shipbrokers and ship agents.

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

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

 
FREIGHT EXPRESS SEACON (RYE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.


 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
FREIGHT EXPRESS SEACON (RYE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20% - 33.3% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

Page 4

 
FREIGHT EXPRESS SEACON (RYE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 October 2023
12,549


Additions
1,027


Disposals
(5,266)



At 30 September 2024

8,310



Depreciation


At 1 October 2023
8,626


Charge for the year on owned assets
1,840


Disposals
(5,266)



At 30 September 2024

5,200



Net book value



At 30 September 2024
3,110



At 30 September 2023
3,923

Page 5

 
FREIGHT EXPRESS SEACON (RYE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
15,848
11,641

Amounts owed by group undertakings
973,168
850,595

Other debtors
20,407
2,581

Prepayments and accrued income
56,174
45,452

1,065,597
910,269



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
295,426
299,127

295,426
299,127



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
29,247
10,906

Amounts owed to group undertakings
1,080,768
850,000

Corporation tax
-
40,233

Other creditors
28,492
31,274

Accruals and deferred income
98,499
156,012

1,237,006
1,088,425



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



5,000 (2023 - 5,000) Ordinary shares shares of £1.00 each
5,000
5,000


Page 6

 
FREIGHT EXPRESS SEACON (RYE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Controlling party

The ultimate parent company is Seacon Group Limited, a company registered in England and Wales which owns 100% of the issued share capital of the company.
A copy of the financial statements of Seacon Group Limited can be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.


10.


Auditors' information

The auditors' report on the financial statements for the year ended 30 September 2024 was unqualified.

The audit report was signed on 8 May 2025 by Mario Cientanni (Senior statutory auditor) on behalf of Barnes Roffe LLP.

 
Page 7