Acorah Software Products - Accounts Production 16.4.675 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 03229930 Mrs Nicole Gunter Mr Anton Gunter Mrs Nicole Gunter Mrs N Gunter false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03229930 2023-12-31 03229930 2024-12-31 03229930 2024-01-01 2024-12-31 03229930 frs-core:CurrentFinancialInstruments 2024-12-31 03229930 frs-core:FurnitureFittings 2024-12-31 03229930 frs-core:FurnitureFittings 2024-01-01 2024-12-31 03229930 frs-core:FurnitureFittings 2023-12-31 03229930 frs-core:MotorVehicles 2024-12-31 03229930 frs-core:MotorVehicles 2024-01-01 2024-12-31 03229930 frs-core:MotorVehicles 2023-12-31 03229930 frs-core:PlantMachinery 2024-12-31 03229930 frs-core:PlantMachinery 2024-01-01 2024-12-31 03229930 frs-core:PlantMachinery 2023-12-31 03229930 frs-core:ShareCapital 2024-12-31 03229930 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 03229930 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 03229930 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 03229930 frs-bus:SmallEntities 2024-01-01 2024-12-31 03229930 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 03229930 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 03229930 1 2024-01-01 2024-12-31 03229930 frs-bus:Director1 2024-01-01 2024-12-31 03229930 frs-bus:Director1 2023-12-31 03229930 frs-bus:Director1 2024-12-31 03229930 frs-bus:Director2 2024-01-01 2024-12-31 03229930 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 03229930 frs-countries:EnglandWales 2024-01-01 2024-12-31 03229930 2022-12-31 03229930 2023-12-31 03229930 2023-01-01 2023-12-31 03229930 frs-core:CurrentFinancialInstruments 2023-12-31 03229930 frs-core:ShareCapital 2023-12-31 03229930 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 03229930
Global Freight Services Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 03229930
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 48,636 62,926
48,636 62,926
CURRENT ASSETS
Debtors 5 239,984 159,655
Cash at bank and in hand 362,938 414,952
602,922 574,607
Creditors: Amounts Falling Due Within One Year 6 (148,166 ) (131,077 )
NET CURRENT ASSETS (LIABILITIES) 454,756 443,530
TOTAL ASSETS LESS CURRENT LIABILITIES 503,392 506,456
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,241 ) (11,908 )
NET ASSETS 494,151 494,548
CAPITAL AND RESERVES
Called up share capital 7 52 52
Profit and Loss Account 494,099 494,496
SHAREHOLDERS' FUNDS 494,151 494,548
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Nicole Gunter
Director
14 July 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Global Freight Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03229930 . The registered office is Unit C3, Halesfield 23, Telford, Shropshire, TF7 4NY.

The financial statements are presented in pound sterling (£) and rounded to the nearest whole £.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. 
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 2
Page 3
2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 4)
3 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2024 18,541 138,269 7,446 164,256
Additions - - 1,231 1,231
As at 31 December 2024 18,541 138,269 8,677 165,487
Depreciation
As at 1 January 2024 16,475 79,290 5,565 101,330
Provided during the period 310 14,745 466 15,521
As at 31 December 2024 16,785 94,035 6,031 116,851
Net Book Value
As at 31 December 2024 1,756 44,234 2,646 48,636
As at 1 January 2024 2,066 58,979 1,881 62,926
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 192,646 138,870
Other debtors 47,338 20,785
239,984 159,655
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 100,858 93,508
Other creditors 45,730 43,173
Taxation and social security 1,578 (5,604 )
148,166 131,077
Page 3
Page 4
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 52 52
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 December 2024
£ £ £ £ £
Mrs Nicole Gunter 315 - - - 315
The above loan is unsecured, interest free and repayable on demand.
9. Related Party Transactions
During the year, the company paid management charges totalling £96,084 (2023: £96,084) relating to the provision of management services to Mrs N Gunter, who is a director of the company, from Ferrante Limited, a company also owned by Mrs N Gunter.
10. Controlling Party
The company's controlling party is Mrs N Gunter by virtue of her ownership of 96% of the issued share capital in the company.
Page 4