Dedicated Transport Solutions Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Dedicated Transport Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04534213 . The registered office is Unit 8 Remscheid Way, Jubilee Industrial Estate, Ashington, NE63 8UJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 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

As part of the turnaround efforts by, and with the support of, the parent business, the director is pleased with the sale of the freehold property for a good market value, contributing to discharging over 75% of the incumbent debt on the Company, as well as closing the previous receivership with no penalties to the overall trading or financial health of the business.

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.

Turnover relates to the provision of transport, freight and distribution services and rental of warehousing space.

Transport, freight and distribution is recognised when the goods are delivered to the destination. Warehouse rental is

recognised in line with the enjoyment of the rental space by the customer.

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:

Leasehold	15% Reducing Balance
Plant & Machinery	20% Reducing Balance
Motor Vehicles	15% - 25% Reducing Balance
Fixtures & Fittings	15% Reducing Balance

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

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

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 years 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

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Dedicated Transport Solutions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 17 (2023: 17)

4. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Motor Vehicles
	£	£	£	£
Cost or Valuation
As at 1 January 2024	7,562,835	-	315,489	643,565
Additions	-	72,820	9,140	137,666
Disposals	(7,562,835 )	-	-	(85,000 )

As at 31 December 2024	-	72,820	324,629	696,231

Depreciation
As at 1 January 2024	562,835	-	174,948	288,803
Provided during the period	-	2,964	33,689	91,468
Disposals	(562,835 )	-	-	(50,329 )

As at 31 December 2024	-	2,964	208,637	329,942

Net Book Value
As at 31 December 2024	-	69,856	115,992	366,289

As at 1 January 2024	7,000,000	-	140,541	354,762


	Fixtures & Fittings	Total
	£	£
Cost or Valuation
As at 1 January 2024	19,217	8,541,106
Additions	-	219,626
Disposals	-	(7,647,835 )

As at 31 December 2024	19,217	1,112,897

Depreciation
As at 1 January 2024	14,476	1,041,062
Provided during the period	711	128,832
Disposals	-	(613,164 )

As at 31 December 2024	15,187	556,730

Net Book Value
As at 31 December 2024	4,030	556,167

As at 1 January 2024	4,741	7,500,044

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Dedicated Transport Solutions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Debtors

	31 December 2024	31 December 2023
	£	£
Due within one year
Trade debtors	303,716	320,947
Amounts owed by group undertakings	6,504,963	878,878
Other debtors	172,238	187,585

	6,980,917	1,387,410

6. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 December 2023
	£	£
Net obligations under finance lease and hire purchase contracts	158,469	131,970
Trade creditors	269,064	324,418
Bank loans and overdrafts	10,648	9,500
Corporation tax	-	50,061
Other taxes and social security	6,700	9,719
VAT	42,141	121,726
Other creditors	226,411	230,272
Accruals and deferred income	3,232	29,303
Amounts owed to group undertakings	683,319	200,753

	1,399,984	1,107,722

7. Creditors: Amounts Falling Due After More Than One Year

	31 December 2024	31 December 2023
	£	£
Net obligations under finance lease and hire purchase contracts	205,393	159,818
Bank loans	3,805	15,451

	209,198	175,269

8. Secured Creditors

Of the creditors the following amounts are secured.

	31 December 2024	31 December 2023
	£	£
Net obligations under finance lease and hire purchase contracts	363,862	291,788
Other Creditors	214,302	227,362

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Dedicated Transport Solutions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Obligations Under Finance Leases and Hire Purchase

	31 December 2024	31 December 2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	158,469	131,970
Later than one year and not later than five years	205,393	159,818

	363,862	291,788

	363,862	291,788

10. Share Capital

	31 December 2024	31 December 2023
	£	£
Allotted, Called up and fully paid	10	1

On 25 July 2024, the company issued:

2 Ordinary A shares of £1 each, in consideration for the conversion of £130,000 of existing company debt into equity.

7 Ordinary shares of £1 each for their nominal value.

11. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	31 December 2024	31 December 2023
	£	£
Not later than one year	61,596	-
Later than one year and not later than five years	152,424	-

	214,020	-

12. Reserves

	Revaluation Reserve
	£
As at 1 January 2024	3,399,850
Transfer to profit and loss	(3,399,850 )

As at 31 December 2024	-

The revaluation reserve was transferred to the profit and loss in relation to the sale of a freehold property.

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Dedicated Transport Solutions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

13. Related Party Transactions

A total balance of £6,504,963 (2023: £878,878) is owed from entities which are under common control.

A total balance of £683,319 (2023: £200,753) is owed to entities under common control.

The above loans are interest free and have no set payment terms, with the exception of one loan to the company of £101,620 which bears interest at a rate of 15% per annum together with an administration charge of £95 per month, reflecting the risk nature of the facility.

Management fees of £177,929 (2023: £257,644) were paid to an entity under common control.

Debt was forgiven in the prior year by the parent company of £837,684.

Group relief was surrendered in the year from a related party to this entity, which reduced profits chargeable to corporation tax by £144,104 (2023: £823,360).

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		31 December 2024		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		556,167		7,500,044

			556,167		7,500,044
CURRENT ASSETS
Debtors	5	6,980,917		1,387,410
Cash at bank and in hand		7,151		4,171

		6,988,068		1,391,581
Creditors: Amounts Falling Due Within One Year	6	(1,399,984 )		(1,107,722 )

NET CURRENT ASSETS (LIABILITIES)			5,588,084		283,859

TOTAL ASSETS LESS CURRENT LIABILITIES			6,144,251		7,783,903

Creditors: Amounts Falling Due After More Than One Year	7		(209,198 )		(175,269 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(130,000 )		(125,011 )

NET ASSETS			5,805,053		7,483,623

CAPITAL AND RESERVES
Called up share capital	10		10		1
Share premium account			129,998		-
Revaluation reserve	12		-		3,399,850
Profit and Loss Account			5,675,045		4,083,772

SHAREHOLDERS' FUNDS			5,805,053		7,483,623