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Registration number: 12743047

Customslink Limited

Filleted Financial Statements

for the Year Ended 31 December 2024

 

Customslink Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 8

 

Customslink Limited

Company Information

Directors

Mr J D Mayor

Mr ML Stephens

Mr D A Gray

Mr J T L Koch-Nielsen

Mr R A McDonald

Mrs E L C Lonne

Mr A Tenfalt

Company secretary

Mr D A Gray

Registered office

First Floor
Arlington Street
London
SW1A 1RE

Auditors

Crossley & Davis Chartered Accountants
Ground Floor Seneca House
Links Point
Amy Johnson Way
Blackpool
FY4 2FF

 

Customslink Limited

(Registration number: 12743047)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

133,778

122,009

Current assets

 

Debtors

5

285,465

296,269

Cash at bank and in hand

 

1,131,970

711,612

 

1,417,435

1,007,881

Creditors: Amounts falling due within one year

6

(546,909)

(348,374)

Net current assets

 

870,526

659,507

Net assets

 

1,004,304

781,516

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

1,004,302

781,514

Shareholders' funds

 

1,004,304

781,516

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 March 2025 and signed on its behalf by:
 

.........................................
Mr R A McDonald
Director

 

Customslink Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
First Floor
Arlington Street
London
SW1A 1RE
England

The principal place of business is:
Quarry Bank Chorley Road
Walton-Le-Dale
Preston
Lancashire
PR5 4JN

These financial statements were authorised for issue by the Board on 25 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

 

Customslink Limited

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

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 25 March 2025 was Mr P Swarbrick, who signed for and on behalf of Crossley & Davis Chartered Accountants.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for assistance provided in the facilitation of customs declarations and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Internally Generated Software

33% Straight Line

Assets under development

No depreciation provided

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Customslink Limited

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

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 16 (2023 - 21).

 

Customslink Limited

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

4

Intangible assets

Internally generated software development costs
 £

Total
£

Cost or valuation

At 1 January 2024

177,362

177,362

Additions acquired separately

70,236

70,236

At 31 December 2024

247,598

247,598

Amortisation

At 1 January 2024

55,353

55,353

Amortisation charge

58,467

58,467

At 31 December 2024

113,820

113,820

Carrying amount

At 31 December 2024

133,778

133,778

At 31 December 2023

122,009

122,009

5

Debtors

Current

2024
£

2023
£

Trade debtors

239,939

266,625

Prepayments

6,266

4,144

Other debtors

39,260

25,500

 

285,465

296,269

 

Customslink Limited

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

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

291,206

215,675

Taxation and social security

122,070

50,743

Accruals and deferred income

21,727

38,425

Other creditors

111,906

43,531

546,909

348,374

Barclays Bank PLC has debentures with Customslink Limited. The charge is secured by way of fixed and floating charges over all the property or undertaking of the company.

 

Customslink Limited

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

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

       

8

Parent and ultimate parent undertaking

The company's immediate parent is Freight Link Solutions Limited, incorporated in Great Britain and registered in England and Wales.

 The ultimate parent is Stena AB, incorporated in Sweden.

 The most senior parent entity producing publicly available financial statements is Stena AB. These financial statements are available upon request from Stena AB, S 405 19 Gothenburg, Sweden.