REGISTERED NUMBER: 03584743 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

Courier Network Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

S A Homewood

J Jacobs

R M J Potter

S J Hancock

REGISTERED OFFICE:

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

REGISTERED NUMBER:

03584743 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

FIXED ASSETS

Property, plant and equipment

5

51,935

38,851

CURRENT ASSETS

Debtors

6

247,803

437,512

Cash at bank and in hand

276,519

130,515

524,322

568,027

CREDITORS

Amounts falling due within one year

7

(261,917

)

(297,259

)

NET CURRENT ASSETS

262,405

270,768

TOTAL ASSETS LESS CURRENT LIABILITIES

314,340

309,619

CREDITORS

Amounts falling due after more than one year

8

(20,727

)

(15,076

)

PROVISIONS FOR LIABILITIES

(12,416

)

(9,108

)

NET ASSETS

281,197

285,435

CAPITAL AND RESERVES

Called up share capital

400

400

Retained earnings

280,797

285,035

SHAREHOLDERS' FUNDS

281,197

285,435

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 9 October 2025 and were signed on its behalf by:

S A Homewood - Director

J Jacobs - Director

1.	STATUTORY INFORMATION

Courier Network 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Revenue 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

-

25% on cost

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

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 statement of financial position date.

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.

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.

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.

Hire purchase and leasing commitments

Assets obtained under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Motor

Office

fittings

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 April 2024

1,640

74,840

9,555

86,035

Additions

-

22,795

4,475

27,270

Disposals

-

-

(3,721

)

(3,721

)

At 31 March 2025

1,640

97,635

10,309

109,584

Depreciation

At 1 April 2024

1,640

41,513

4,031

47,184

Charge for year

-

12,131

1,559

13,690

Eliminated on disposal

-

-

(3,225

)

(3,225

)

At 31 March 2025

1,640

53,644

2,365

57,649

Net book value

At 31 March 2025

-

43,991

7,944

51,935

At 31 March 2024

-

33,327

5,524

38,851

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

219,187

404,551

Other debtors

28,616

32,961

247,803

437,512

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Hire purchase contracts (see note 9)

12,682

7,641

Trade creditors

122,072

160,858

Taxation and social security

74,477

83,583

Other creditors

52,686

45,177

261,917

297,259

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Hire purchase contracts (see note 9)

20,727

15,076

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31/3/25

31/3/24

£

£

Gross obligations repayable:

Within one year

16,505

9,984

Between one and five years

23,736

17,045

40,241

27,029

Finance charges repayable:

Within one year

3,823

2,343

Between one and five years

3,009

1,969

6,832

4,312

Net obligations repayable:

Within one year

12,682

7,641

Between one and five years

20,727

15,076

33,409

22,717

Non-cancellable

operating leases

31/3/25

31/3/24

£

£

Within one year

12,531

12,531

10.	SECURED DEBTS

The following secured debts are included within creditors:

31/3/25

31/3/24

£

£

Hire purchase contracts

33,409

22,717