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REGISTERED NUMBER: 06825895 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2025

for

Simfreight Limited

Simfreight Limited (Registered number: 06825895)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Simfreight Limited

Company Information
for the Year Ended 28 February 2025







DIRECTORS: S A King
Mrs M King





REGISTERED OFFICE: c/o ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB





REGISTERED NUMBER: 06825895 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB

Simfreight Limited (Registered number: 06825895)

Balance Sheet
28 February 2025

28.2.25 29.2.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 31,023 4,648

CURRENT ASSETS
Debtors 5 190,667 175,708
Cash at bank 78,256 65,538
268,923 241,246
CREDITORS
Amounts falling due within one year 6 249,262 187,399
NET CURRENT ASSETS 19,661 53,847
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,684

58,495

CREDITORS
Amounts falling due after more than one year 7 (29,580 ) (5,361 )

PROVISIONS FOR LIABILITIES (5,894 ) (883 )
NET ASSETS 15,210 52,251

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 15,110 52,151
15,210 52,251

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Simfreight Limited (Registered number: 06825895)

Balance Sheet - continued
28 February 2025


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 3 June 2025 and were signed on its behalf by:




S A King - Director



Mrs M King - Director


Simfreight Limited (Registered number: 06825895)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Simfreight 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.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 6 ) .

Simfreight Limited (Registered number: 06825895)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2024 6,711 - 5,830 12,541
Additions 591 36,124 - 36,715
At 28 February 2025 7,302 36,124 5,830 49,256
DEPRECIATION
At 1 March 2024 5,169 - 2,724 7,893
Charge for year 533 9,031 776 10,340
At 28 February 2025 5,702 9,031 3,500 18,233
NET BOOK VALUE
At 28 February 2025 1,600 27,093 2,330 31,023
At 29 February 2024 1,542 - 3,106 4,648

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 36,124
At 28 February 2025 36,124
DEPRECIATION
Charge for year 9,031
At 28 February 2025 9,031
NET BOOK VALUE
At 28 February 2025 27,093

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade debtors 163,518 148,541
Directors' current accounts 12,343 18,164
VAT 14,806 9,003
190,667 175,708

Simfreight Limited (Registered number: 06825895)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Bank loans and overdrafts 3,972 3,972
Hire purchase contracts 5,267 -
Trade creditors 206,461 150,988
Tax 29,353 29,065
Social security and other taxes 2,876 2,188
Other creditors 533 386
Accrued expenses 800 800
249,262 187,399

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.25 29.2.24
£    £   
Bank loans - 1-2 years 1,361 3,972
Bank loans - 2-5 years - 1,389
Hire purchase contracts 28,219 -
29,580 5,361

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2025 and 29 February 2024:

28.2.25 29.2.24
£    £   
S A King and Mrs M King
Balance outstanding at start of year 18,164 29,168
Amounts repaid (5,821 ) (11,004 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,343 18,164

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £120,000 were paid to the directors .