REGISTERED NUMBER: 04498020 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

ATANAK FORWARDING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Sela Koydengoctu

REGISTERED OFFICE:

The Engine House

2 Veridion Way

Erith

DA18 4AL

REGISTERED NUMBER:

04498020 (England and Wales)

ACCOUNTANTS:

ADPL LLP

Chartered Certified Accountants

& Business Advisers

Ernest House

293 Green Lanes

Palmers Green

London

N13 4XS

FIXED ASSETS

Tangible assets

4

54,954

53,519

Investments

5

452,565

452,565

507,519

506,084

CURRENT ASSETS

Debtors

6

1,061,537

598,040

Cash at bank and in hand

501,446

581,718

1,562,983

1,179,758

CREDITORS

Amounts falling due within one year

7

1,241,274

955,470

NET CURRENT ASSETS

321,709

224,288

TOTAL ASSETS LESS CURRENT LIABILITIES

829,228

730,372

CREDITORS

Amounts falling due after more than one year

8

(15,665

)

(25,783

)

PROVISIONS FOR LIABILITIES

9

(9,004

)

(5,781

)

NET ASSETS

804,559

698,808

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

804,459

698,708

SHAREHOLDERS' FUNDS

804,559

698,808

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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 director acknowledges his responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2025 and were signed by:

Mr Sela Koydengoctu - Director

1.	STATUTORY INFORMATION

Atanak Forwarding 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

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Investments in subsidiaries and associates

Investments in subsidiary and associate undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 32 (2023 - 39 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

21,736

19,260

72,265

113,261

Additions

-

14,774

400

15,174

At 31 December 2024

21,736

34,034

72,665

128,435

DEPRECIATION

At 1 January 2024

11,180

17,260

31,302

59,742

Charge for year

2,111

3,355

8,273

13,739

At 31 December 2024

13,291

20,615

39,575

73,481

NET BOOK VALUE

At 31 December 2024

8,445

13,419

33,090

54,954

At 31 December 2023

10,556

2,000

40,963

53,519

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

452,565

NET BOOK VALUE

At 31 December 2024

452,565

At 31 December 2023

452,565

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Action Roadways Ltd

Registered office: The Engine House, 2 Veridion Way, Erith, England DA18 4AL

Nature of business: Freight transport

%

Class of shares:

holding

Ordinary shares

100.00

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

910,496

501,901

Taxation

3,582

3,582

Amounts owed by group undertakings

-

34,128

Other debtors

6,700

8,075

Directors' current accounts

7,000

-

VAT

37,994

33,213

Accruals

75,978

-

Prepayments

19,787

17,141

1,061,537

598,040

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

590,040

343,242

Amounts owed to group undertakings

3,107

-

Tax

289

46,829

Social security and other taxes

16,404

27,442

Import VAT

573,651

509,216

Pension

6,038

6,622

HSBC credit card

1,934

715

Accruals and deferred income

49,811

21,404

1,241,274

955,470

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans - 2-5 years

15,665

25,783

9.	PROVISIONS FOR LIABILITIES

31.12.24

31.12.23

£

£

Deferred tax

9,004

5,781

Deferred

tax

£

Balance at 1 January 2024

5,781

Charge to Income Statement during year

3,223

Balance at 31 December 2024

9,004

10.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company had payable of £3,107 (2023: £34,128 receivable) to Action Roadways Ltd.