RHODES FREIGHT SERVICES LTD,Ltd - AccountsLtd

For the year ended 31 December 2024

RHODES FREIGHT SERVICES LTD

Directors' Report

The directors present their report and financial statements for the Period ended 31st December 2024

Principal activities

The principal activity of the company continued to be that of the provision of specialised freight transport services

Directors

The directors who served the company throughout the year were as follows:

D RHODES

A RHODES

D RHODES

Signed on behalf of the board of directors

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

Date:

28 March 2025

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For the year ended 31 December 2024

RHODES FREIGHT SERVICES LTD

Independent Accountants' Report

Report to the directors on the preparation of the unaudited statutory accounts of RHODES FREIGHT

SERVICES LTD for the year ended 31 December 2024

In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts

of RHODES FREIGHT SERVICES LTD for the year ended 31 December 2024 which comprise the Income Statement,

the Statement of Financial Position, the Statement of Changes in Equity and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other

professional requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of RHODES FREIGHT SERVICES LTD, as a body, in accordance

with the terms of our engagement letter dated 17 December 2023. Our work has been undertaken solely to prepare for

your approval the accounts of RHODES FREIGHT SERVICES LTD and state those matters that we have agreed to

state to the Board of Directors of RHODES FREIGHT SERVICES LTD, as a body, in this report in accordance with the

requirements of the Association of Chartered Certified Accountants and as detailed at

http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume

responsibility to anyone other than RHODES FREIGHT SERVICES LTD and its Board of Directors as a body for our

work or for this report.

It is your duty to ensure that RHODES FREIGHT SERVICES LTD has kept adequate accounting records and to

prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of

RHODES FREIGHT SERVICES LTD. You consider that RHODES FREIGHT SERVICES LTD is exempt from the

statutory audit requirement for the year.

BURNETTS

CHARTERED CERTIFIED ACCOUNTANTS

2 FAUNA CLOSE

STANMORE

MIDDLESEX

HA7 4PX

Date:

28 March 2025

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For the year ended 31 December 2024

RHODES FREIGHT SERVICES LTD

Income Statement

2023

2024

Notes

Turnover

11,356,003

9,130,372

(6,190,906)

Cost of sales

(6,976,746)

2,939,466

Gross profit

4,379,257

Administrative expenses

(2,965,573)

(1,910,720)

Other operating income

42,926

37,176

Operating profit

1,456,610

1,065,922

60,000

Income from other fixed asset investments

Other interest receivable and similar income

8,557

5,986

1,525,167

1,071,908

Interest payable and similar charges

(213,388)

(200,605)

1,311,779

871,303

Profit before taxation

(372,906)

(50,000)

Taxation

938,873

Profit for the financial year

821,303

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Registered Number :

06789429

As at 31 December 2024

RHODES FREIGHT SERVICES LTD

Statement of Financial Position

2023

2024

Notes

Fixed assets

Intangible assets

Property, plant and equipment

4,699,147

3,453,161

4,699,207

3,453,221

Current assets

Trade and other receivables

1,019,680

1,569,057

971,534

Cash and cash equivalents

610,174

2,179,231

1,991,214

Trade and other payables: amounts falling due within one

year

(2,111,493)

(2,575,736)

(120,279)

(396,505)

Net current liabilities

Total assets less current liabilities

4,302,702

3,332,942

Trade and other payables: amounts falling due after more

than one year

(902,179)

(1,213,066)

(644,465)

(544,465)

Provisions for liabilities

2,445,171

Net assets

1,886,298

Capital and reserves

Called up share capital

200,100

Retained earnings

2,245,071

1,686,198

2,445,171

1,886,298

Shareholders' funds

For the year ended 31 December 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of

each financial year and of its profit or loss for each financial year in accordance with the requirements of Section

394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial

statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

D RHODES

These financial statements were approved and authorised for issue by the Board on 28 March 2025 and were signed by:

The notes form part of these financial statements

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For the year ended 31 December 2024

RHODES FREIGHT SERVICES LTD

Statement of Changes in Equity

Share Capital

Retained

earnings

Total

Balance at 01 January 2023

200,100

1,129,895

1,329,995

821,303

Profit/Loss for the year

Dividends

(265,000)

Balance at 31 December 2023 and 01 January 2024

1,886,298

1,686,198

200,100

938,873

Profit/Loss for the year

Dividends

(380,000)

Balance at 31 December 2024

200,100

2,245,071

2,445,171

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For the year ended 31 December 2024

RHODES FREIGHT SERVICES LTD

Notes to the Financial Statements

Statutory Information

RHODES FREIGHT SERVICES LTD is a private limited company, limited by shares, domiciled in England and Wales,

registration number 06789429.

Registered address:

105 WHITBY ROAD

SLOUGH

SL1 3DR

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Property, plant and equipment

Property, plant and equipment are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Motor vehicles & trailers 20% on the reducing balancePlant & machinery 25% on the reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. Adjustments are made via the taxation charge and reflected in the Balance Sheet

2. Taxation

2023

The taxation charge is based on the taxable profit for the year and

comprises:

2024

UK taxation

UK corporation tax

272,906

50,000

Deferred tax

Origination and reversal of timing differences

100,000

Tax on profit on ordinary activities

372,906

50,000

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For the year ended 31 December 2024

RHODES FREIGHT SERVICES LTD

Notes to the Financial Statements Continued

3. Property, plant and equipment

Total

Motor vehicles

Plant and

machinery

Buildings

Cost or

valuation

At 01 January 2024

7,103,874

6,938,477

165,397

2,237,686

1,321,302

66,021

850,363

Additions

(69,700)

Disposals

(69,700)

At 31 December 2024

850,363

231,418

8,190,079

9,271,860

Provision for depreciation and impairment

At 01 January 2024

3,650,713

3,551,364

99,349

Charge for year

961,000

935,000

26,000

(39,000)

On disposal

At 31 December 2024

4,572,713

4,447,364

125,349

At 31 December 2024

Net book value

850,363

106,069

3,742,715

4,699,147

At 31 December 2023

66,048

3,387,113

3,453,161

4. Trade and other receivables

2023

2024

Trade debtors

1,295,205

889,059

Other debtors

273,852

130,621

1,019,680

1,569,057

5. Trade and other payables: amounts falling due within one year

2023

2024

Bank loans and overdraft (secured)

948,798

585,655

Trade creditors

424,600

788,385

Taxation and social security

635,634

251,465

Other creditors

566,704

485,988

2,575,736

2,111,493

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