Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 1st Floor Prospect House Rouen Road Norwich Norfolk NR1 1RE 2024-12-31 2024-01-01 16 true false freight forwarding and logistics providers 24 true false 10533915 2024-01-01 2024-12-31 10533915 2023-01-01 2023-12-31 10533915 2024-12-31 10533915 2023-12-31 10533915 c:Director1 2024-01-01 2024-12-31 10533915 c:Director2 2024-01-01 2024-12-31 10533915 c:Director3 2024-01-01 2024-12-31 10533915 c:Director4 2024-01-01 2024-12-31 10533915 c:RegisteredOffice 2024-01-01 2024-12-31 10533915 d:FurnitureFittings 2024-01-01 2024-12-31 10533915 d:FurnitureFittings 2024-12-31 10533915 d:FurnitureFittings 2023-12-31 10533915 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 10533915 d:ComputerEquipment 2024-01-01 2024-12-31 10533915 d:ComputerEquipment 2024-12-31 10533915 d:ComputerEquipment 2023-12-31 10533915 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 10533915 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 10533915 d:Goodwill 2024-12-31 10533915 d:Goodwill 2023-12-31 10533915 d:CurrentFinancialInstruments 2024-12-31 10533915 d:CurrentFinancialInstruments 2023-12-31 10533915 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 10533915 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10533915 d:ShareCapital 2024-12-31 10533915 d:ShareCapital 2023-12-31 10533915 d:SharePremium 2024-12-31 10533915 d:SharePremium 2023-12-31 10533915 d:RetainedEarningsAccumulatedLosses 2024-12-31 10533915 d:RetainedEarningsAccumulatedLosses 2023-12-31 10533915 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 10533915 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 10533915 d:OtherDeferredTax 2024-12-31 10533915 d:OtherDeferredTax 2023-12-31 10533915 c:FRS102 2024-01-01 2024-12-31 10533915 c:Audited 2024-01-01 2024-12-31 10533915 c:FullAccounts 2024-01-01 2024-12-31 10533915 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10533915 d:WithinOneYear 2024-12-31 10533915 d:WithinOneYear 2023-12-31 10533915 d:BetweenOneFiveYears 2024-12-31 10533915 d:BetweenOneFiveYears 2023-12-31 10533915 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 10533915 2 2024-01-01 2024-12-31 10533915 d:Goodwill d:OwnedIntangibleAssets 2024-01-01 2024-12-31 10533915 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 10533915 NTG ROAD UK LIMITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2024
NTG ROAD UK LIMITED COMPANY INFORMATION
Directors | K Hansen
| C P D Jakobsen
| M Larsen
| J E Petersen
Registered number | 10533915
Registered office | Unit 1 Liberty Park
| Burton Old Road
| Lichfield
| WS14 9HY
Independent auditors | Larking Gowen LLP
| Chartered Accountants & Statutory Auditors
| 1st Floor Prospect House
| Rouen Road
| Norwich
| Norfolk
| NR1 1RE
NTG ROAD UK LIMITED CONTENTS
| Page
Statement of Financial Position | 1 - 2
Notes to the Financial Statements | 3 - 10
NTG ROAD UK LIMITED REGISTERED NUMBER: 10533915 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Intangible assets | 5 |  | 2,078,756 |  | 2,425,215
Tangible assets | 6 |  | 10,330 |  | 6,842
|  |  | 2,089,086 |  | 2,432,057
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 7 | 1,436,045 |  | 1,351,820 |
Cash at bank and in hand | 8 | 1,211,236 |  | 1,006,968 |
|  | 2,647,281 |  | 2,358,788 |
Creditors: amounts falling due within one year | 9 | (1,480,652) |  | (1,418,800) |
Net current assets |  |  | 1,166,629 |  | 939,988
Total assets less current liabilities |  |  | 3,255,715 |  | 3,372,045
Provisions for liabilities |  |  |  |  |
Deferred tax | 10 |  | (4,201) |  | (3,051)
Net assets |  |  | 3,251,514 |  | 3,368,994
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 200,000 |  | 200,000
Share premium account |  |  | 3,364,592 |  | 3,364,592
Profit and loss account |  |  | (313,078) |  | (195,598)
|  |  | 3,251,514 |  | 3,368,994
Page 1
NTG ROAD UK LIMITED REGISTERED NUMBER: 10533915 STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 DECEMBER 2024 The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
................................................ K Hansen
Director
Date: 10 June 2025
The notes on pages 3 to 10 form part of these financial statements. Page 2
NTG ROAD UK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
NTG Road UK 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. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies (see note 3). The following principal accounting policies have been applied:
| 2.2 | Going concern
The directors have considered the company’s position at the time of signing the financial statements, and in particular the continued economic uncertainty alongside current geopolitical tension and the impact on the company. As part of their assessment, they have prepared forecasts which take a prudent account of expectations around trading performance and profitability in light of the above. Despite recent losses, the company has achieved a strong EBITDA and the directors are confident that the measures put in place plus new business that has been successfully tendered for, will enable the company to achieve the forecasts prepared. In addition, the directors have considered the company’s current financial strength and the financial support available from the wider group if required. Based on this, the directors have concluded that they have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future, being at least twelve months from the date of signing these financial statements, and they therefore continue to adopt the going concern basis of accounting in preparing these financial statements. Page 3
NTG ROAD UK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided and the company has discharged its responsibilities, being the departure date for export services and arrival date for import services and when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably. Management fees are recognised over the period in which the services are provided.
| 2.4 | Operating leases: the company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
| 2.5 | Foreign currency translation
Functional and presentation currency The company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.
| 2.6 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 4
NTG ROAD UK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.7 | Pensions
Defined contribution pension plan The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
| 2.8 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. 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 income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
| 2.9 | Intangible assets
Goodwill Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life, estimated to be ten years. Page 5
NTG ROAD UK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.10 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Fixtures and fittings | - | 33% |
|  |  |  | Computer equipment | - | 33% |
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.11 | Debtors
Short-term debtors are measured at transaction price, less any impairment.
| 2.12 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.13 | Creditors
Short-term creditors are measured at the transaction price.
| 2.14 | Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from and to related parties. Page 6
NTG ROAD UK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
In applying the company's accounting policies, the Directors are required to make judgements, estimates and assumptions. These are continually evaluated and are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of revision and future periods, if the revision affects both current and future periods. The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are: Anticipated freight costs The directors make an estimate of the anticipated freight income and associated costs for all contracts.
4. | Employees
| The average monthly number of employees, including directors, during the year was 16 (2023 - 24).
5. | Intangible assets
|  | Goodwill
|  | £
| Cost |
| At 1 January 2024 | 3,464,592
| At 31 December 2024 | 3,464,592
| Amortisation |
| At 1 January 2024 | 1,039,377
| Charge for the year on owned assets | 346,459
| At 31 December 2024 | 1,385,836
| Net book value |
| At 31 December 2024 | 2,078,756
| At 31 December 2023 | 2,425,215
Page 7
NTG ROAD UK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
6. | Tangible fixed assets
|  | Fixtures and fittings | Computer equipment | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 January 2024 | 3,861 | 34,584 | 38,445
| Additions | - | 11,059 | 11,059
| Disposals | - | (4,865) | (4,865)
| At 31 December 2024 | 3,861 | 40,778 | 44,639
| Depreciation |  |  |
| At 1 January 2024 | 3,861 | 27,742 | 31,603
| Charge for the year on owned assets | - | 4,785 | 4,785
| Disposals | - | (2,079) | (2,079)
| At 31 December 2024 | 3,861 | 30,448 | 34,309
| Net book value |  |  |
| At 31 December 2024 | - | 10,330 | 10,330
| At 31 December 2023 | - | 6,842 | 6,842
7. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade debtors | 1,072,178 | 857,080
| Amounts owed by group undertakings | 209,509 | 264,578
| Other debtors | 5,331 | 11,141
| Prepayments and accrued income | 149,027 | 219,021
|  | 1,436,045 | 1,351,820
Page 8
NTG ROAD UK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
8. | Cash and cash equivalents
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Cash at bank and in hand | 1,211,236 | 1,006,968
|  | 1,211,236 | 1,006,968
9. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade creditors | 1,218,579 | 1,039,639
| Amounts owed to group undertakings | 96,558 | 153,810
| Corporation tax | 23,055 | 32,594
| Other taxation and social security | 26,238 | 54,699
| Other creditors | 6,260 | -
| Accruals and deferred income | 109,962 | 138,058
|  | 1,480,652 | 1,418,800
10. | Deferred taxation
|  | 2024
|  | £
| At beginning of year | 3,051
| Charged to the profit or loss | 1,150
| At end of year | 4,201
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Accelerated capital allowances | 2,583 | 1,711
| Other timing differences | 1,618 | 1,340
|  | 4,201 | 3,051
Page 9
NTG ROAD UK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
11. | Pension commitments
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £55,516 (2023 - £34,478). Contributions totalling £6,260 were payable to (2023 - £6,641 were receivable from) the fund at the reporting date and are included in creditors.
12. | Commitments under operating leases
| At 31 December 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Not later than 1 year | 147,657 | 78,239
| Later than 1 year and not later than 5 years | 116,251 | 191,997
|  | 263,908 | 270,236
13. | Controlling party
The parent company and ultimate controlling party is NTG Nordic Transport Group A/S. NTG Nordic Transport Group A/S is incorporated in Denmark, registered office Hammerholmen 47, DK-2650 Hvidovre, Denmark. The smallest and largest group to consolidate these financial statements is NTG Nordic Transport Group A/S. Their accounts are available from the Danish Central Business Register.
14. | Auditors' information
The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified. The audit report was signed on 2 July 2025 by John Atkins ACA FCCA (Senior Statutory Auditor) on behalf of Larking Gowen LLP.
Page 10