REGISTERED NUMBER: 07344684 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Forrest Logistics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A P de Bruijne

REGISTERED OFFICE:

Unit 14a Waterside Business Park

Livingstone Road

Hessle

East Yorkshire

HU13 0EG

REGISTERED NUMBER:

07344684 (England and Wales)

AUDITORS:

Xeinadin Audit Limited

8th Floor, Becket House

36 Old Jewry

London

EC2R 8DD

FIXED ASSETS

Tangible assets

4

3,695

5,294

CURRENT ASSETS

Stocks

10,704

13,096

Debtors

5

694,250

1,155,116

Cash at bank

45,343

73,343

750,297

1,241,555

CREDITORS

Amounts falling due within one year

6

355,056

899,558

NET CURRENT ASSETS

395,241

341,997

TOTAL ASSETS LESS CURRENT LIABILITIES

398,936

347,291

PROVISIONS FOR LIABILITIES

722

1,119

NET ASSETS

398,214

346,172

CAPITAL AND RESERVES

Called up share capital

101

101

Share premium

124,999

124,999

Retained earnings

273,114

221,072

SHAREHOLDERS' FUNDS

398,214

346,172

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 September 2025 and were signed by:

A P de Bruijne - Director

1.	STATUTORY INFORMATION

Forrest Logistics 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 statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents the amount receivable for services rendered, net of discounts and rebates allowed by the Company and value added taxes.

Turnover is recognised on delivery of the customer's goods.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery 20% straight line.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

It is company policy not to capitalise expenditure under £1,000.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2024

and 31 December 2024

8,000

DEPRECIATION

At 1 January 2024

2,706

Charge for year

1,599

At 31 December 2024

4,305

NET BOOK VALUE

At 31 December 2024

3,695

At 31 December 2023

5,294

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

222,974

1,007,263

Amounts owed by group undertakings

360,762

39,400

Other debtors

110,514

108,453

694,250

1,155,116

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

92,857

645,698

Amounts owed to group undertakings

199,703

182,393

Taxation and social security

41,546

49,380

Other creditors

20,950

22,087

355,056

899,558

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Stothard BA(Hons) FCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

8.	PENSION COMMITMENTS

During the year the company made pension contributions totalling £14,690 (2023: £17,844). At the year end the company owed £1,874 (2023: £1,905) to the pension fund.

9.	ULTIMATE PARENT COMPANY

Peha Houdstermaatschappij B.V. (incorporated in Holland) is regarded by the director as being the company's ultimate parent company.

The registered office of the parent companu is Molendijk 108, Oudenhoorn, 3227CD. The group accounts can be found at this address.