Fab Freight Ltd - Accounts

Registered number

14299185

Fab Freight Ltd

Report and Accounts

31 March 2025

Fab Freight Ltd
Accountants' Report


Accountants' report to the directors of
Fab Freight Ltd

You consider that the company is exempt from an audit for the year ended 31 March 2025. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

Stuart McBain Ltd
Accountants

Unit 14
Century Building
Liverpool
Meseyside
L3 4BJ

8 September 2025

Fab Freight Ltd
Registered number:		14299185
Directors' Report

The directors present their report and accounts for the year ended 31 March 2025.

Principal activities
The principal activity of the company continues to be that of freight forwarding and customs clearing.
During the year, Fab Freight Ltd achieved significant growth, with turnover rising to £400,826 (2024: £172,076). Gross profit for the year amounted to £14,033 (2024: £29,095) and net profit after tax was £8,664 (2024: £27,124). The reduction in profit margin was due to strategic expenditure, including subscription fees, administrative costs, and investment in global freight networks, which were considered necessary to support long-term growth. The Managing Director drew a salary in line with expectations, consistent with sustaining UK residency and visa requirements, while remaining proportionate to the company’s size and financial performance.
This increase reflects the company’s planned operational strategy and expansion into a larger share of the UK and international freight forwarding market.
The company doubled turnover year-on-year, demonstrating strong execution of its growth strategy.
Gross profit for the year amounted to £14,033 (2024: £29,095) and net profit after tax was £8,664 (2024: £27,124).
The reduction in profit margin was due to strategic expenditure, including subscription fees, administrative costs,
and investment in global freight networks, which were considered necessary to support long-term growth.
The Managing Director drew a salary in line with expectations, consistent with sustaining UK residency and visa requirements,
while remaining proportionate to the company’s size and financial performance.
Financial position
To support expansion, an overdraft facility was arranged with Lloyd’s Bank. This facility provides financial flexibility for project cargo and unanticipated growth requirements.
Although unused at year-end, it is reflected under current liabilities in the balance sheet.
Cash at bank at year-end was £36,181 (2024: £32,758), and net assets stood at £6,563 (2024: net liabilities of £2,101).
The improvement reflects the company’s positive trading performance and strengthened balance sheet.
Strategic developments
A major milestone in the year was joining the World Cargo Alliance (WCA), the largest global freight forwarding network.
Membership formally positions Fab Freight Ltd as a recognised international freight agent and provides access to a $50,000 coverage limit for protection when transacting with other network agents.
This enhances both financial security and reputation through global peer recognition and word-of-mouth credibility.
The annual WCA membership fee of approximately $4,500 is regarded as a strategic investment, aligning the company with the most established and respected freight networks worldwide.
Risks and uncertainties
The management of the company and the execution of its strategy are subject to several risks: Liquidity risk – mitigated by close monitoring of cash flow and access to banking facilities. Credit risk – as a growing company, Fab Freight Ltd must carefully assess counterparties. Through industry knowledge and reputation, the company limits exposure to customers and suppliers with known payment issues. Market risk – the freight forwarding industry is highly competitive and subject to global trade fluctuations; however, the company’s asset-light model and network membership reduce exposure to large fixed costs.

Future developments
The company intends to continue pursuing growth by: • Expanding the UK client base. • Leveraging WCA membership to develop new international partnerships. • Maintaining a lean cost structure to support profitability. • Using word-of-mouth and reputation as a primary driver of business acquisition. Management remains confident that Fab Freight Ltd will continue to establish itself as an efficient, reliable, and innovative operator in the freight forwarding sector.

Directors
The following persons served as directors during the year:

	Susan Ann Gilbertson

Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 8 September 2025 and signed on its behalf.





Susan Ann Gilbertson
Director

Fab Freight Ltd
Profit and Loss Account
for the year ended 31 March 2025


	2025		2024
£		£

Turnover	400,826		172,076

Cost of sales	(386,793)		(142,981)

Gross profit	14,033		29,095

Administrative expenses	(3,337)		(1,971)

Operating profit	10,696		27,124


Profit on ordinary activities before taxation	10,696		27,124

Tax on profit on ordinary activities	(2,032)		-

Profit for the financial year	8,664		27,124

Fab Freight Ltd
Registered number:		14299185
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Current assets
Cash at bank and in hand		36,181			32,758

Creditors: amounts falling due within one year	3	(29,618)			(34,859)

Net current assets/(liabilities)			6,563			(2,101)

Net assets/(liabilities)			6,563			(2,101)

Capital and reserves
Called up share capital			1			1
Profit and loss account			6,562			(2,102)

Shareholders' funds			6,563			(2,101)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.












Susan Ann Gilbertson
Director
Approved by the board on 8 September 2025

Fab Freight Ltd
Statement of Changes in Equity
for the year ended 31 March 2025

Share		Profit		Total
capital		and loss
account
£		£		£

At 1 April 2023	1		(29,226)		(29,225)

Profit for the financial year			27,124		27,124


At 31 March 2024	1		(2,102)		(2,101)



At 1 April 2024	1		(2,102)		(2,101)

Profit for the financial year			8,664		8,664


At 31 March 2025	1		6,562		6,563

Fab Freight Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	1		1


3	Creditors: amounts falling due within one year	2025		2024
£			£

	Corporation tax	2,032		-
	Directors current account	28,099		35,099
	Other taxes and social security costs	(513)		(240)
		29,618		34,859


4	Other information

	Fab Freight Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	C/O Stuart McBain Ltd
	Unit 14 Century Building
	Tower Street
	Liverpool
	L3 4BJ

5	Going Concern

	The director is confident the business has managed to establish itself within the UK market as an efficient and economic freight operator. The company meets its day-to-day working capital requirements through its own banking requirements and has no long-term debt obligations. The company has access to funding facilities to support growth from the company's business banking facility should this be necessary.
	It's important to note that in the first 6 months from incorporation, the company was unable to trade until it obtained a VAT number due to legislative restrictions with the shipping lines.
	Turnover has increased significantly since then.
	The Company has successfully secured positive trading terms with all its suppliers thereby supporting cash flow with the increase in trading volumes
	The Company expects to continue to trade and should be able to operate within the level of its current facilities for the foreseeable future

	To ensure continuity, of importance will be to grow the customer base within the UK and keep operational costs as low as possible while using key resources in the industry to ensure operational expertise for customer involvement and maintain a low-cost operation structure

6	Risks

	The management of the company and the execution of its strategy are subject to several risks: The company’s liquidity risk: this is periodically assessed and additional funding as backup is in place. While the company is considered fairly new, cash flow is closely monitored, ensuring the company has sufficient headroom to meet its obligations. Credit risk is one risk of a party failing to meet its financial obligations. While being a new company we are limited to what exposure we turn away, however with word of mouth we can limit which suppliers in the market are known to default or defer payments and company policy will in so much as possible avoid business transactions with these parties.
7	Future Developments

	The company wishes to continue a low cost infrastructure but develop an innovative approach to moving freight.