IRIS Accounts Production v25.1.4.42 01917783 director 1.11.23 31.10.24 31.10.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh019177832023-10-31019177832024-10-31019177832023-11-012024-10-31019177832022-10-31019177832022-11-012023-10-31019177832023-10-3101917783ns15:EnglandWales2023-11-012024-10-3101917783ns14:PoundSterling2023-11-012024-10-3101917783ns10:Director12023-11-012024-10-3101917783ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3101917783ns10:SmallEntities2023-11-012024-10-3101917783ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3101917783ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3101917783ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3101917783ns10:FullAccounts2023-11-012024-10-3101917783ns10:OrdinaryShareClass12023-11-012024-10-3101917783ns10:RegisteredOffice2023-11-012024-10-3101917783ns5:CurrentFinancialInstruments2024-10-3101917783ns5:CurrentFinancialInstruments2023-10-3101917783ns5:ShareCapital2024-10-3101917783ns5:ShareCapital2023-10-3101917783ns5:CapitalRedemptionReserve2024-10-3101917783ns5:CapitalRedemptionReserve2023-10-3101917783ns5:RetainedEarningsAccumulatedLosses2024-10-3101917783ns5:RetainedEarningsAccumulatedLosses2023-10-3101917783ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-11-012024-10-3101917783ns5:LeaseholdImprovements2023-11-012024-10-3101917783ns5:PlantMachinery2023-11-012024-10-3101917783ns5:MotorVehicles2023-11-012024-10-3101917783ns5:LandBuildings2023-10-3101917783ns5:LeaseholdImprovements2023-10-3101917783ns5:PlantMachinery2023-10-3101917783ns5:MotorVehicles2023-10-3101917783ns5:LandBuildings2023-11-012024-10-3101917783ns5:LandBuildings2024-10-3101917783ns5:LeaseholdImprovements2024-10-3101917783ns5:PlantMachinery2024-10-3101917783ns5:MotorVehicles2024-10-3101917783ns5:LandBuildings2023-10-3101917783ns5:LeaseholdImprovements2023-10-3101917783ns5:PlantMachinery2023-10-3101917783ns5:MotorVehicles2023-10-3101917783ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3101917783ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3101917783ns5:DeferredTaxation2023-10-3101917783ns5:DeferredTaxation2023-11-012024-10-3101917783ns5:DeferredTaxation2024-10-3101917783ns10:OrdinaryShareClass12024-10-3101917783ns5:RetainedEarningsAccumulatedLosses2023-10-3101917783ns5:CapitalRedemptionReserve2023-10-3101917783ns5:RetainedEarningsAccumulatedLosses2023-11-012024-10-31
REGISTERED NUMBER: 01917783 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

H & M FREIGHT SERVICES LIMITED

H & M FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 01917783)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


H & M FREIGHT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTOR: H Malik



REGISTERED OFFICE: H & M House
Unit 1 Pier Road
North Feltham Trading Estate
FELTHAM
Middlesex
TW14 OTW



REGISTERED NUMBER: 01917783 (England and Wales)



BANKERS: National Westminster Bank Plc
Hounslow Branch
275/277 High Street
Hounslow
Middlesex
TW13 1ZA

H & M FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 01917783)

STATEMENT OF FINANCIAL POSITION
31ST OCTOBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,621,505 1,138,126

CURRENT ASSETS
Debtors 5 1,733,007 1,633,669
Cash at bank and in hand 2,597,516 2,917,093
4,330,523 4,550,762
CREDITORS
Amounts falling due within one year 6 (1,839,244 ) (1,722,233 )
NET CURRENT ASSETS 2,491,279 2,828,529
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,112,784

3,966,655

PROVISIONS FOR LIABILITIES 7 (26,500 ) (29,906 )
NET ASSETS 4,086,284 3,936,749

CAPITAL AND RESERVES
Called up share capital 8 82 82
Capital redemption reserve 9 18 18
Retained earnings 9 4,086,184 3,936,649
SHAREHOLDERS' FUNDS 4,086,284 3,936,749

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 23rd July 2025 and were signed by:



H Malik - Director


H & M FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 01917783)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024

1. STATUTORY INFORMATION

H & M Freight Services 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.

The presentation currency of the financial statement is in Sterling.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared on a going concern basis, under the historical cost convention, as modified by the recognition of certain financial assets and liabilities measured at fair value.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 2% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Monetary assets and liabilities in foreign currencies are translated into Sterling at the rate of exchange at balance sheet date. Transactions in foreign currencies are translated into Sterling at the average rate of exchange for the year. Exchange differences are taken into account in arriving at the operating result.

Operating lease
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

H & M FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 01917783)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

2. ACCOUNTING POLICIES - continued

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 38 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and Motor
property property machinery vehicles Totals
£    £    £    £    £   
COST
At 1st November 2023 1,199,272 274,964 275,372 71,595 1,821,203
Additions - 529,072 15,910 - 544,982
At 31st October 2024 1,199,272 804,036 291,282 71,595 2,366,185
DEPRECIATION
At 1st November 2023 379,043 76,691 204,261 23,082 683,077
Charge for year 15,990 16,081 17,404 12,128 61,603
At 31st October 2024 395,033 92,772 221,665 35,210 744,680
NET BOOK VALUE
At 31st October 2024 804,239 711,264 69,617 36,385 1,621,505
At 31st October 2023 820,229 198,273 71,111 48,513 1,138,126

Included in cost of land and buildings is freehold land of £ 399,757 (2023 - £ 399,757 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,540,459 1,458,434
Other debtors and prepayments 98,915 80,625
Other taxation 93,633 94,610
1,733,007 1,633,669

H & M FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 01917783)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,689,064 1,568,840
Tax 22,531 -
Social security and other taxes 23,747 27,164
Other creditors and accruals 96,382 113,532
Directors' current accounts 7,520 12,697
1,839,244 1,722,233

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred taxation 26,500 29,906

Deferred
tax
£   
Balance at 1st November 2023 29,906
Provided during year (3,406 )
Balance at 31st October 2024 26,500

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
82 Ordinary £1 82 82

Ordinary shares have full rights in the company with respect to voting and dividend.

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1st November 2023 3,936,649 18 3,936,667
Profit for the year 209,535 209,535
Dividends (60,000 ) (60,000 )
At 31st October 2024 4,086,184 18 4,086,202

10. RELATED PARTY DISCLOSURES

At the year end the company owed H Malik £7,520 (2023: £12,697).

During the year the company received rent of £9,000 (2023: £9,000) from H & M Express Limited, a company connected to the director.

H & M FREIGHT SERVICES LIMITED (REGISTERED NUMBER: 01917783)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties of the company are H Malik the director and Mrs N Malik his wife, who own 51% and 49% of the issued share capital respectively.