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Company No: 09781269 (England and Wales)

# GLOBAL FREIGHT MANAGEMENT HERSDEN LIMITED

### Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

GLOBAL FREIGHT MANAGEMENT HERSDEN LIMITED

## Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

GLOBAL FREIGHT MANAGEMENT HERSDEN LIMITED

## COMPANY INFORMATION

For the financial year ended 31 December 2024
GLOBAL FREIGHT MANAGEMENT HERSDEN LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024

DIRECTORS | Jacobus Theodorus Spronk
| Will Todd

REGISTERED OFFICE | 5-10 Sparrow Way Lakesview Business Park
| Island Road
| Hersden
| Canterbury
| CT3 4JH
| United Kingdom

COMPANY NUMBER | 09781269 (England and Wales)

ACCOUNTANT | Burgess Hodgson Limited
| Camburgh House
| 27 New Dover Road
| Canterbury
| CT1 3DN

GLOBAL FREIGHT MANAGEMENT HERSDEN LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 31 December 2024
GLOBAL FREIGHT MANAGEMENT HERSDEN LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2024

| Note | 2024 |  | 2023
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 | 516,242 |  | 739,152
|  | 516,242 |  | 739,152
Current assets |  |  |  |
Debtors | 5 | 1,027,122 |  | 1,185,988
Cash at bank and in hand |  | 1,205,192 |  | 907,130
|  | 2,232,314 |  | 2,093,118
Creditors: amounts falling due within one year | 6 | ( 1,037,944) |  | ( 1,051,785)
Net current assets |  | 1,194,370 |  | 1,041,333
Total assets less current liabilities |  | 1,710,612 |  | 1,780,485
Creditors: amounts falling due after more than one year | 7 | ( 292,432) |  | ( 497,813)
Provision for liabilities |  | ( 95,246) |  | ( 129,301)
Net assets |  | 1,322,934 |  | 1,153,371
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Profit and loss account |  | 1,322,834 |  | 1,153,271
Total shareholders' funds |  | 1,322,934 |  | 1,153,371

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Global Freight Management Hersden Limited (registered number: 09781269) were approved and authorised for issue by the Board of Directors on 07 October 2025. They were signed on its behalf by:

Will Todd Director |

GLOBAL FREIGHT MANAGEMENT HERSDEN LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
GLOBAL FREIGHT MANAGEMENT HERSDEN LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Global Freight Management Hersden Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 5-10 Sparrow Way Lakesview Business Park, Island Road, Hersden, Canterbury, CT3 4JH, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

##### Taxation

Current tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery | 4 years straight line
Vehicles | 33 % reducing balance
Fixtures and fittings | 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.

##### Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

##### Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

##### Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

#### 2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

#### 3. Employees

| 2024 |  | 2023
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors: | 54 |  | 57

#### 4. Tangible assets

| Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 January 2024 | 1,425,157 |  | 270,057 |  | 97,137 |  | 1,792,351
Additions | 4,525 |  | 0 |  | 23,374 |  | 27,899
Disposals | 0 |  | ( 97,319) |  | 0 |  | ( 97,319)
At 31 December 2024 | 1,429,682 |  | 172,738 |  | 120,511 |  | 1,722,931
Accumulated depreciation |  |  |  |  |  |  |
At 01 January 2024 | 940,430 |  | 17,620 |  | 95,149 |  | 1,053,199
Charge for the financial year | 125,146 |  | 32,646 |  | 3,716 |  | 161,508
Disposals | 0 |  | ( 8,018) |  | 0 |  | ( 8,018)
At 31 December 2024 | 1,065,576 |  | 42,248 |  | 98,865 |  | 1,206,689
Net book value |  |  |  |  |  |  |
At 31 December 2024 | 364,106 |  | 130,490 |  | 21,646 |  | 516,242
At 31 December 2023 | 484,727 |  | 252,437 |  | 1,988 |  | 739,152
Leased assets included above: |  |  |  |  |  |  |
Net book value |  |  |  |  |  |  |
At 31 December 2024 | 0 |  | 130,490 |  | 0 |  | 130,490
At 31 December 2023 | 17,188 |  | 252,437 |  | 0 |  | 269,625

#### 5. Debtors

| 2024 |  | 2023
| £ |  | £
Trade debtors | 751,359 |  | 593,233
Other debtors | 275,763 |  | 592,755
| 1,027,122 |  | 1,185,988

#### 6. Creditors: amounts falling due within one year

| 2024 |  | 2023
| £ |  | £
Bank loans | 0 |  | 10,140
Trade creditors | 539,609 |  | 566,600
Taxation and social security | 358,750 |  | 249,049
Obligations under finance leases and hire purchase contracts | 123,787 |  | 151,268
Other creditors | 15,798 |  | 74,728
| 1,037,944 |  | 1,051,785

#### 7. Creditors: amounts falling due after more than one year

| 2024 |  | 2023
| £ |  | £
Bank loans | 0 |  | 14,811
Obligations under finance leases and hire purchase contracts | 292,432 |  | 483,002
| 292,432 |  | 497,813

#### 8. Related party transactions

Transactions with the entity's directors

| 2024 |  | 2023
| £ |  | £
At the year end, the Directors owed the company: | 188,998 |  | 243,449

As at the year end the Director owed the company £188,998 (2023: £243,449). During the year advances of £208,038 (2023: £240,000) were made to the Directors and repayments of £266,487 (2023: £153,350) were made by the Director. Interest of £3,998 (2023: £3,449) was charged on this loan at a rate of 2.25%.

#### 9. Operating Leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2024 |  | 2023
| £ |  | £
Not later than 1 year | 600,167 |  | 602,382
Later than 1 year and not later than 5 years | 1,200,000 |  | 1,274,285
Later than 5 years | 300,000 |  | 480,000
| 2,100,167 |  | 2,356,667

#### 10. Ultimate controlling party

The company's ultimate parent company is Carmic Beheer B.V. a company incorporated in Holland and whose registered office address is Pastoor Rijnderslaan 7, 5953 EP Reuver, Netherlands.