REGISTERED NUMBER: 11113980 (England and Wales)

DIRECTOR'S REPORT AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

EVENTS & FREIGHT SOLUTIONS LIMITED

Page

Company Information

1

Director's Report

2

Income Statement

3

Other Comprehensive Income

4

Balance Sheet

5

Statement of Changes in Equity

7

Notes to the Financial Statements

8

DIRECTOR:

A Aliyev

REGISTERED OFFICE:

Ikra Park

Mulberry Way

Belvedere

Kent

DA17 6AN

REGISTERED NUMBER:

11113980 (England and Wales)

ACCOUNTANTS:

Mehta & Tengra

Chartered Accountants

9 Berners Place

London

W1T 3AD

The director presents his report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITIES

The principal activities of the company in the year under review were those of freight transport by road and real estate.

REVIEW OF BUSINESS

The results for the year and financial position of the company are as shown in the annexed financial statements.

FUTURE DEVELOPMENTS

The company expects to maintain its highly successful relationship with its suppliers and the loyalty of its customers and hopes to continue its hitherto escalating growth pattern.

DIRECTOR

A Aliyev held office during the whole of the period from 1 January 2024 to the date of this report.

FINANCIAL INSTRUMENTS

The company's principal financial instruments comprise bank balances and trade creditors.

The main purpose of these instruments is to provide finance for its day to day operations.

The trade creditors liquidity risks are managed by ensuring sufficient funds are available to meet the amounts due.

RELATED PARTY TRANSACTIONS

Other than the transactions stated in note 14 and 15 to the financial statements, the director did not have any other material interests at any time during the year in any contracts of significance in relation to the business of the company.

FIXED ASSETS

Changes in fixed assets are given in notes 6,7 and 8 to the financial statements.

TAXATION STATUS

The Company is a close Company within the provisions of the Income & Corporation Taxes Act 2010.

POST BALANCE SHEET EVENTS

There were no significant events to report.

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

ON BEHALF OF THE BOARD:

A Aliyev - Director

25 September 2025

TURNOVER

3,619,263

2,178,731

Cost of sales

(3,454,882

)

(2,084,245

)

GROSS PROFIT

164,381

94,486

Administrative expenses

(43,700

)

(62,711

)

120,681

31,775

Other operating income

34,997

55,956

OPERATING PROFIT

4

155,678

87,731

Income from participating interests

5,963

26,188

PROFIT BEFORE TAXATION

161,641

113,919

Tax on profit

5

(38,527

)

(20,862

)

PROFIT FOR THE FINANCIAL YEAR

123,114

93,057

PROFIT FOR THE YEAR

123,114

93,057

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

123,114

93,057

FIXED ASSETS

Tangible assets

6

18,097

20,359

Investments

7

1,054,318

1,092,385

Investment property

8

1,022,717

544,420

2,095,132

1,657,164

CURRENT ASSETS

Debtors

9

406,631

950,290

Cash at bank

890,480

447,583

1,297,111

1,397,873

CREDITORS

Amounts falling due within one year

10

(1,945,534

)

(1,702,737

)

NET CURRENT LIABILITIES

(648,423

)

(304,864

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,446,709

1,352,300

CREDITORS

Amounts falling due after more than one year

11

(1,068,389

)

(1,097,094

)

NET ASSETS

378,320

255,206

CAPITAL AND RESERVES

Called up share capital

12

1,000

1,000

Retained earnings

13

377,320

254,206

SHAREHOLDERS' FUNDS

378,320

255,206

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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 25 September 2025 and were signed by:

A Aliyev - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 January 2023

1,000

161,149

162,149

Changes in equity

Total comprehensive income

-

93,057

93,057

Balance at 31 December 2023

1,000

254,206

255,206

Changes in equity

Total comprehensive income

-

123,114

123,114

Balance at 31 December 2024

1,000

377,320

378,320

1.	STATUTORY INFORMATION

Events & Freight Solutions 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 10% per annum on cost straight line

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those asset have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Foreign currencies

Transactions in foreign currencies are translated at the foreign exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the foreign exchange rate ruling at that date. Foreign exchange differences arising on translation are recognised in the income statement. Non- monetary assets and liabilities that are measured in terms of the historical cost in a foreign currency are translated using the exchange rate at the date of the transaction.

Long term monetary items are translated at the year end rate.

The assets and liabilities of foreign operations arising on consolidation are translated at foreign exchange rates ruling at the balance sheet date. The revenues and expenses of foreign operations are translated at an average rate for the period where this rate approximates to the foreign exchange rates ruling at the dates of the transactions.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand.

Trade and other debtors

Trade and other debtors are initially recognised at fair value,less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as creditors falling due within one year if payment is due within one year or less (or in the normal operating cycle of the business if longer). If not, they are presented as creditors falling due after one year.

Trade creditors are recognised at the undiscounted amount owed to the supplier, which is normally the invoice price.

3.	EMPLOYEES AND DIRECTORS

2024

2023

£

£

Wages and salaries

26,436

11,829

The average number of employees during the year was as follows:

2024

2023

Sales & administration

3

1

2024

2023

£

£

Director's remuneration

-

-

4.	OPERATING PROFIT

The operating profit is stated after charging:

2024

2023

£

£

Depreciation - owned assets

2,262

2,262

5.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

2024

2023

£

£

Current tax:

UK corporation tax

38,527

20,862

Tax on profit

38,527

20,862

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2024

and 31 December 2024

22,621

DEPRECIATION

At 1 January 2024

2,262

Charge for year

2,262

At 31 December 2024

4,524

NET BOOK VALUE

At 31 December 2024

18,097

At 31 December 2023

20,359

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 January 2024

and 31 December 2024

22,621

NET BOOK VALUE

At 31 December 2024

22,621

At 31 December 2023

22,621

7.	FIXED ASSET INVESTMENTS

Interest

in other

participati

interests

£

COST

At 1 January 2024

1,092,385

Additions

(38,067

)

At 31 December 2024

1,054,318

NET BOOK VALUE

At 31 December 2024

1,054,318

At 31 December 2023

1,092,385

The company is a member in WEP Properties LLP.

8.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

544,420

Additions

478,297

At 31 December 2024

1,022,717

NET BOOK VALUE

At 31 December 2024

1,022,717

At 31 December 2023

544,420

Investment property was valued on an open market basis by the director.

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

342,521

892,200

Amounts owed by participating interests

62,675

56,712

Other debtors

1,378

1,378

Other taxation

57

-

406,631

950,290

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

4,382

4,382

Trade creditors

1,820,043

1,590,367

Corporation tax

38,527

20,862

Social security and other taxes

-

257

Other taxation

-

1,631

Other creditors

29,083

33,487

Amounts due to related company

50,000

50,000

Accrued expenses

3,499

1,751

1,945,534

1,702,737

11.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

9,129

13,510

Shareholder loan account

1,059,260

1,083,584

1,068,389

1,097,094

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary

1

1,000

1,000

13.

RESERVES

Retained

earnings

£

At 1 January 2024

254,206

Profit for the year

123,114

At 31 December 2024

377,320

14.	RELATED PARTY DISCLOSURES

Events & Freight Solutions Limited is a designated member of a limited liability partnership.The amounts due, disclosed under fixed asset investments, from the limited liability partnership at the balance sheet date was £1,054,318 (2023:£1,092,385). Amounts owed by participating interest, disclosed under debtors was £62,674 (2023:£56,712).

At the balance sheet date the company owed £1,059,259 (2023:£1,083,584) to one of its shareholders.The shareholder's loan is non interest bearing and has no fixed repayment terms.

The director of Events & Freight Solutions Ltd is also a director of another UK registered Company.

During the year, Events & Freight Solutions Ltd sold goods amounting to £12,905 (2023:£13,913) to the company and purchased goods amounting to £33,021 (2023:£100,124) from the company.

At the balance sheet date, the amounts due from this company was £1,553 (2023:£Nil) and amounts payable to the company was £5,049 (2023 £32,949).

During the year the company received rent £6,300 (2023:£nil) from an associate of the company for personal use of company's property.

15.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Kamran Abdurazagov.