REGISTERED NUMBER: 08924309

Unaudited Financial Statements for the Year Ended 31 March 2025

for

1st Class Logistics Uk Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R Upton

Mr C Bachelor

Mr G Filmer

Mrs T M Rowden

REGISTERED OFFICE:

Worting House

Church Lane

Worting

Basingstoke

RG23 8PX

REGISTERED NUMBER:

08924309

ACCOUNTANTS:

Glents Services Limited

Brightfield Business Hub

Bakewell Road

Peterborough

Cambridgeshire

PE2 6XU

FIXED ASSETS

Intangible assets

4

58,900

-

Tangible assets

5

511,838

645,858

570,738

645,858

CURRENT ASSETS

Debtors

6

4,428,550

1,288,216

Cash at bank

516,024

2,015,214

4,944,574

3,303,430

CREDITORS

Amounts falling due within one year

7

1,080,937

685,383

NET CURRENT ASSETS

3,863,637

2,618,047

TOTAL ASSETS LESS CURRENT LIABILITIES

4,434,375

3,263,905

CREDITORS

Amounts falling due after more than one year

8

(1,329,740

)

(385,259

)

PROVISIONS FOR LIABILITIES

9

(127,673

)

(122,278

)

NET ASSETS

2,976,962

2,756,368

CAPITAL AND RESERVES

Called up share capital

10

114

114

Share premium

11,989

11,989

Retained earnings

2,964,859

2,744,265

SHAREHOLDERS' FUNDS

2,976,962

2,756,368

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2025 and were signed on its behalf by:

Mr R Upton - Director

1.	STATUTORY INFORMATION

1st Class Logistics Uk Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

These financial statements have been prepared for 1st Class Logistics UK Limited as a single entity.

Turnover

Turnover is measured at the fair value of services rendered, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised on the provision of services where the value of the services provided can be reliably measured.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2025, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on cost and 25% on reducing balance

Fixtures and fittings

-

20% on cost

Motor vehicles

-

at varying rates on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 35 (2024 - 35 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

100,000

Additions

62,000

At 31 March 2025

162,000

AMORTISATION

At 1 April 2024

100,000

Charge for year

3,100

At 31 March 2025

103,100

NET BOOK VALUE

At 31 March 2025

58,900

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

9,017

16,226

1,191,422

2,484

1,219,149

Additions

-

-

158,833

-

158,833

Disposals

-

-

(159,011

)

-

(159,011

)

At 31 March 2025

9,017

16,226

1,191,244

2,484

1,218,971

DEPRECIATION

At 1 April 2024

6,912

13,395

550,500

2,484

573,291

Charge for year

2,009

1,415

289,429

-

292,853

Eliminated on disposal

-

-

(159,011

)

-

(159,011

)

At 31 March 2025

8,921

14,810

680,918

2,484

707,133

NET BOOK VALUE

At 31 March 2025

96

1,416

510,326

-

511,838

At 31 March 2024

2,105

2,831

640,922

-

645,858

Included within the above net book value are £510,326 (2024: £640,922) of assets held on hire purchase.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

751,650

648,622

Other debtors

371,550

12,160

1st Class Logistics UK Holdings Limited

3,269,350

-

Directors' current accounts

-

627,434

Prepayments

36,000

-

4,428,550

1,288,216

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

350,000

134,693

Hire purchase contracts

289,045

283,592

Trade creditors

118,351

94,031

Tax

173,420

46,957

Social security and other taxes

19,439

25,887

VAT

74,283

80,250

Other creditors

55,033

18,973

Directors' current accounts

366

-

Accrued expenses

1,000

1,000

1,080,937

685,383

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans more than 1 year

1,079,167

-

Hire purchase contracts

250,573

385,259

1,329,740

385,259

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

127,673

122,278

Deferred

tax

£

Balance at 1 April 2024

122,278

Accelerated capital allowances

5,395

Balance at 31 March 2025

127,673

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

10,000

Ordinary

£0.01

100

100

1,429

Ordinary A

£0.01

14

14

114

114

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R Upton.