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REGISTERED NUMBER: 02266437 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

EXHIBIT FREIGHT INTERNATIONAL LIMITED

EXHIBIT FREIGHT INTERNATIONAL LIMITED (REGISTERED NUMBER: 02266437)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EXHIBIT FREIGHT INTERNATIONAL LIMITED

COMPANY INFORMATION
for the Year Ended 31st December 2024







DIRECTORS: A G Byrne
Mrs K E Byrne
A R Head
Mrs S H Head
C R Huckle





SECRETARY: A R Head





REGISTERED OFFICE: 6 Upperstalls
Iford Estate
Iford
East Sussex
BN7 3EJ





REGISTERED NUMBER: 02266437 (England and Wales)





ACCOUNTANTS: Draper Accountants Limited
3 Quarry Close
Green Lane
Leatherhead
Surrey
KT22 8US

EXHIBIT FREIGHT INTERNATIONAL LIMITED (REGISTERED NUMBER: 02266437)

BALANCE SHEET
31st December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 106,557 40,527

CURRENT ASSETS
Debtors 5 390,992 192,027
Cash at bank 434,923 446,649
825,915 638,676
CREDITORS
Amounts falling due within one year 6 704,444 593,593
NET CURRENT ASSETS 121,471 45,083
TOTAL ASSETS LESS CURRENT
LIABILITIES

228,028

85,610

CREDITORS
Amounts falling due after more than one
year

7

27,545

12,730
NET ASSETS 200,483 72,880

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 199,483 71,880
SHAREHOLDERS' FUNDS 200,483 72,880

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 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.

EXHIBIT FREIGHT INTERNATIONAL LIMITED (REGISTERED NUMBER: 02266437)

BALANCE SHEET - continued
31st December 2024


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 21st May 2025 and were signed on its behalf by:





A G Byrne - Director


EXHIBIT FREIGHT INTERNATIONAL LIMITED (REGISTERED NUMBER: 02266437)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2024

1. STATUTORY INFORMATION

Exhibit Freight International 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 represents net invoiced sales of goods and services, excluding value added tax.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Pension costs and other post-retirement benefits
The company contributes to a defined contribution pension scheme. Contributions payable for the year are charged in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

EXHIBIT FREIGHT INTERNATIONAL LIMITED (REGISTERED NUMBER: 02266437)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st January 2024 45,050 183,514 25,827 254,391
Additions 664 98,495 3,863 103,022
Disposals - (23,340 ) - (23,340 )
At 31st December 2024 45,714 258,669 29,690 334,073
DEPRECIATION
At 1st January 2024 32,206 156,562 25,096 213,864
Charge for year 2,028 30,779 1,849 34,656
Eliminated on disposal - (21,004 ) - (21,004 )
At 31st December 2024 34,234 166,337 26,945 227,516
NET BOOK VALUE
At 31st December 2024 11,480 92,332 2,745 106,557
At 31st December 2023 12,844 26,952 731 40,527

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 44,500
At 31st December 2024 44,500
DEPRECIATION
Charge for year 11,125
At 31st December 2024 11,125
NET BOOK VALUE
At 31st December 2024 33,375

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 316,202 136,103
Other debtors 74,790 55,924
390,992 192,027

EXHIBIT FREIGHT INTERNATIONAL LIMITED (REGISTERED NUMBER: 02266437)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 387,981 357,972
Hire purchase contracts 3,786 -
Trade creditors 258,418 186,743
Taxation and social security 25,675 44,351
Other creditors 28,584 4,527
704,444 593,593

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 2,082 12,730
Hire purchase contracts 25,463 -
27,545 12,730

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 377,333 347,324

The bank overdraft is secured by a fixed and floating debenture charge, dated 18th. November, 1999, over all assets of the company.