Freightmaster Blending & Warehousing Limited 09730752 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is Operation of warehousing and storage facilities for land transport activities Digita Accounts Production Advanced 6.30.9574.0 true true 09730752 2024-04-01 2025-03-31 09730752 2025-03-31 09730752 bus:OrdinaryShareClass1 2025-03-31 09730752 core:OtherReservesSubtotal 2025-03-31 09730752 core:RetainedEarningsAccumulatedLosses 2025-03-31 09730752 core:ShareCapital 2025-03-31 09730752 core:CurrentFinancialInstruments 2025-03-31 09730752 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 09730752 core:Goodwill 2025-03-31 09730752 core:FurnitureFittingsToolsEquipment 2025-03-31 09730752 core:LandBuildings 2025-03-31 09730752 core:MotorVehicles 2025-03-31 09730752 bus:SmallEntities 2024-04-01 2025-03-31 09730752 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 09730752 bus:FullAccounts 2024-04-01 2025-03-31 09730752 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09730752 bus:RegisteredOffice 2024-04-01 2025-03-31 09730752 bus:Director1 2024-04-01 2025-03-31 09730752 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 09730752 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09730752 core:Goodwill 2024-04-01 2025-03-31 09730752 core:ComputerEquipment 2024-04-01 2025-03-31 09730752 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 09730752 core:LandBuildings 2024-04-01 2025-03-31 09730752 core:LeaseholdImprovements 2024-04-01 2025-03-31 09730752 core:MotorCars 2024-04-01 2025-03-31 09730752 core:MotorVehicles 2024-04-01 2025-03-31 09730752 core:OfficeEquipment 2024-04-01 2025-03-31 09730752 core:PlantMachinery 2024-04-01 2025-03-31 09730752 countries:England 2024-04-01 2025-03-31 09730752 2024-03-31 09730752 core:Goodwill 2024-03-31 09730752 core:FurnitureFittingsToolsEquipment 2024-03-31 09730752 core:LandBuildings 2024-03-31 09730752 core:MotorVehicles 2024-03-31 09730752 2023-04-01 2024-03-31 09730752 2024-03-31 09730752 bus:OrdinaryShareClass1 2024-03-31 09730752 core:OtherReservesSubtotal 2024-03-31 09730752 core:RetainedEarningsAccumulatedLosses 2024-03-31 09730752 core:ShareCapital 2024-03-31 09730752 core:CurrentFinancialInstruments 2024-03-31 09730752 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09730752 core:Goodwill 2024-03-31 09730752 core:FurnitureFittingsToolsEquipment 2024-03-31 09730752 core:LandBuildings 2024-03-31 09730752 core:MotorVehicles 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09730752

Freightmaster Blending & Warehousing Limited

Filleted Unaudited Financial Statements

for the Year Ended 31 March 2025

 

Freightmaster Blending & Warehousing Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Freightmaster Blending & Warehousing Limited

(Registration number: 09730752)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

5

131,911

165,126

Investment property

6

409,689

409,689

 

541,600

574,815

Current assets

 

Debtors

7

212,115

208,494

Cash at bank and in hand

 

63,937

354,498

 

276,052

562,992

Creditors: Amounts falling due within one year

8

(140,197)

(444,176)

Net current assets

 

135,855

118,816

Total assets less current liabilities

 

677,455

693,631

Provisions for liabilities

(36,262)

(44,279)

Net assets

 

641,193

649,352

Capital and reserves

 

Called up share capital

9

619,750

619,750

Other reserves

21,443

21,443

Retained earnings

-

8,159

Shareholders' funds

 

641,193

649,352

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Freightmaster Blending & Warehousing Limited

(Registration number: 09730752)
Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 7 August 2025 and signed on its behalf by:
 


Mr R L Burton
Director

   
 

Freightmaster Blending & Warehousing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Station Yard
Station Road
Kirton Lindsey
Gainsborough
Lincolnshire
DN21 4BD

Registration number: 09730752

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Freightmaster Blending & Warehousing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Leasehold property

3% straight line

Plant and machinery

20% straight line

Motor vehicles

20% straight line

Fixtures and fittings

20% straight line

Computer equipment

33% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Freightmaster Blending & Warehousing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company during the year was 4 (2024 - 4).

 

Freightmaster Blending & Warehousing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2024

84,000

84,000

At 31 March 2025

84,000

84,000

Amortisation

At 1 April 2024

84,000

84,000

At 31 March 2025

84,000

84,000

Carrying amount

At 31 March 2025

-

-

At 31 March 2024

-

-

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

31,400

252,839

81,673

365,912

Additions

-

4,197

10,000

14,197

At 31 March 2025

31,400

257,036

91,673

380,109

Depreciation

At 1 April 2024

11,928

157,293

31,565

200,786

Charge for the year

584

36,307

10,521

47,412

At 31 March 2025

12,512

193,600

42,086

248,198

Carrying amount

At 31 March 2025

18,888

63,436

49,587

131,911

At 31 March 2024

19,472

95,546

50,108

165,126

Included within the net book value of land and buildings above is £Nil (2024 - £Nil) in respect of freehold land and buildings and £18,888 (2024 - £19,472) in respect of long leasehold land and buildings.
 

 

Freightmaster Blending & Warehousing Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Investment properties

2025
£

At 1 April

409,689

At 31 March

409,689

There has been no valuation of investment property by an independent valuer.

7

Debtors

Current

Note

2025
£

2024
£

Trade debtors

 

119,212

203,443

Amounts owed by related parties

87,811

-

Prepayments

 

5,092

5,051

   

212,115

208,494

8

Creditors

Note

2025
£

2024
£

Due within one year

 

Trade payables

 

74,825

133,415

Amounts due to related parties

-

200,263

Social security and other taxes

 

58,953

107,665

Other payables

 

6,419

2,833

 

140,197

444,176

9

Share capital

Allotted, called up and fully paid shares

 

2025

2024

 

No.

£

No.

£

Ordinary shares of £1 each

619,750

619,750

619,750

619,750

         

10

Reserves

The fair value reserve brought forward and carried forward is £21,443.