BrightAccountsProduction v1.0.0 v1.0.0 2023-10-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts Freight forwarding, warehousing and road haulage. 23 June 2025 02708586 2024-09-30 02708586 2023-09-30 02708586 2022-09-30 02708586 2023-10-01 2024-09-30 02708586 2022-10-01 2023-09-30 02708586 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 02708586 uk-curr:PoundSterling 2023-10-01 2024-09-30 02708586 uk-bus:AbridgedAccounts 2023-10-01 2024-09-30 02708586 uk-core:ShareCapital 2024-09-30 02708586 uk-core:ShareCapital 2023-09-30 02708586 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 02708586 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 02708586 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-09-30 02708586 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-09-30 02708586 uk-bus:FRS102 2023-10-01 2024-09-30 02708586 uk-core:LandBuildings 2023-10-01 2024-09-30 02708586 uk-core:PlantMachinery 2023-10-01 2024-09-30 02708586 uk-core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 02708586 uk-core:MotorVehicles 2023-10-01 2024-09-30 02708586 2023-10-01 2024-09-30 02708586 uk-bus:Director1 2023-10-01 2024-09-30 02708586 uk-bus:CompanySecretaryDirector1 2023-10-01 2024-09-30 02708586 uk-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
Surefreight (S.W) Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 30 September 2024



Surefreight (S.W) Limited
DIRECTORS' REPORT
for the financial year ended 30 September 2024

 
The directors present their report and the unaudited financial statements for the financial year ended 30 September 2024.
 
Principal Activity
Freight forwarding, warehousing and road haulage.
     
Results and Dividends
The profit for the financial year after providing for depreciation and taxation amounted to £401,756 (2023 - £441,214).
     
Directors
The directors who served during the financial year are as follows:
     
Brian McManus
Vincent Waddell
   
There were no changes in shareholdings between 30 September 2024 and the date of signing the financial statements.
     
In accordance with the Articles of Association, the directors retire by rotation and, being eligible, offer themselves for re-election.
     
Political Contributions
The company did not make any disclosable political donations in the current financial year.
     
Statement of Directors' Responsibilities
     
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
     
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:
- select suitable accounting policies and apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
     
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
     
Special provisions relating to small companies
The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
     
     
On behalf of the board
     
     
___________________________ ___________________________
Brian McManus Vincent Waddell
Director Director
     
23 June 2025 23 June 2025



Surefreight (S.W) Limited
ABRIDGED PROFIT AND LOSS ACCOUNT
for the financial year ended 30 September 2024
2024 2023
Notes £ £

Gross profit 668,424 702,719
 
Administrative expenses (155,428) (146,604)
───────── ─────────
Operating profit 512,996 556,115
 
Interest receivable and similar income 38,195 24,975
Interest payable and similar expenses - (1,620)
───────── ─────────
Profit before taxation 551,191 579,470
 
Tax on profit (149,435) (138,256)
───────── ─────────
Profit for the financial year 401,756 441,214
───────── ─────────
Total comprehensive income 401,756 441,214
    ═════════   ═════════



Surefreight (S.W) Limited
Company Registration Number: 02708586
ABRIDGED BALANCE SHEET
as at 30 September 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 1,811,965 1,860,993
───────── ─────────
 
Current Assets
Debtors 760,734 715,381
Cash and cash equivalents 3,495,148 3,009,519
───────── ─────────
4,255,882 3,724,900
───────── ─────────
Creditors: amounts falling due within one year (1,974,758) (1,894,230)
───────── ─────────
Net Current Assets 2,281,124 1,830,670
───────── ─────────
Total Assets less Current Liabilities 4,093,089 3,691,663
 
Provisions for liabilities (1,003) (1,333)
───────── ─────────
Net Assets 4,092,086 3,690,330
═════════ ═════════
 
Capital and Reserves
Called up share capital 2 2
Retained earnings 4,092,084 3,690,328
───────── ─────────
Equity attributable to owners of the company 4,092,086 3,690,330
═════════ ═════════
 
These abridged financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 23 June 2025 and signed on its behalf by
           
           
________________________________     ________________________________
Brian McManus     Vincent Waddell
Director     Director
           



Surefreight (S.W) Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 30 September 2024

   
1. General Information
 
Surefreight (S.W) Limited is a company limited by shares incorporated in the United Kingdom. Unit D2 Southpoint, Foreshore Road, Cardiff Bay, Cardiff, CF10 4DF is the registered office, which is also the principal place of business of the company. The nature of the company’s operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 September 2024 have been prepared in accordance with the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland (FRS 102) issued by the Financial Reporting Council and in accordance with the Companies Act 2006. These are the company's first set of financial statements prepared in accordance with FRS 102
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Cash flow statement
The company has availed of the exemption in FRS 102 from the requirement to prepare a Cash Flow Statement because it is classified as a small company.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - 2% Straight line
  Plant and machinery - 20% Reducing Balance
  Fixtures, fittings and equipment - 20% Straight Line
  Motor vehicles - 20% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 5, (2023 - 6).
 
  2024 2023
  Number Number
 
Admin Staff 3 3
Drivers 3 3
  ───────── ─────────
  6 6
  ═════════ ═════════
             
4. Tangible assets
  Land and Plant and Fixtures, Motor Total
  buildings machinery fittings and vehicles  
  freehold   equipment    
  £ £ £ £ £
Cost
At 1 October 2023 2,337,908 14,750 34,796 24,432 2,411,886
  ───────── ───────── ───────── ───────── ─────────
 
At 30 September 2024 2,337,908 14,750 34,796 24,432 2,411,886
  ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 October 2023 487,530 12,017 33,763 17,583 550,893
Charge for the financial year 46,758 546 354 1,370 49,028
  ───────── ───────── ───────── ───────── ─────────
At 30 September 2024 534,288 12,563 34,117 18,953 599,921
  ───────── ───────── ───────── ───────── ─────────
Net book value
At 30 September 2024 1,803,620 2,187 679 5,479 1,811,965
  ═════════ ═════════ ═════════ ═════════ ═════════
At 30 September 2023 1,850,378 2,733 1,033 6,849 1,860,993
  ═════════ ═════════ ═════════ ═════════ ═════════
       
5. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 September 2024.
   
6. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.