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Company Registration No. 07245164 (England and Wales)
Freighteam Ltd Unaudited accounts for the year ended 28 February 2025
Freighteam Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Freighteam Ltd Company Information for the year ended 28 February 2025
Directors
Eugene O'Reilly Virginia O'Reilly Mandy Varley Richard Varley
Secretary
Eugene O'Reilly
Company Number
07245164 (England and Wales)
Registered Office
Central Mills Raymond Street Bradford BDEE5 8BD United Kingdom
Accountants
Gollogly & Company 76 MOUNT MERRION PARK BELFAST ANTRIM BT6 0GB
- 3 -
Freighteam Ltd Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
878,223 
948,080 
Investments
5
4,000 
4,000 
882,223 
952,080 
Current assets
Inventories
12,262 
6,639 
Debtors
6
739,322 
795,404 
Cash at bank and in hand
855,545 
351,428 
1,607,129 
1,153,471 
Creditors: amounts falling due within one year
7
(705,787)
(605,300)
Net current assets
901,342 
548,171 
Total assets less current liabilities
1,783,565 
1,500,251 
Provisions for liabilities
Deferred tax
(208,441)
(184,503)
Net assets
1,575,124 
1,315,748 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
1,575,122 
1,315,746 
Shareholders' funds
1,575,124 
1,315,748 
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 May 2025 and were signed on its behalf by
Eugene O'Reilly Director Company Registration No. 07245164
- 4 -
Freighteam Ltd Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Freighteam Ltd is a private company, limited by shares, registered in England and Wales, registration number 07245164. The registered office is Central Mills, Raymond Street, Bradford, BDEE5 8BD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
12.5% Straight Line
Plant & machinery
12.5% Straight Line
Motor vehicles
15% Straight Line
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2024
50,450 
36,453 
1,458,235 
1,545,138 
Additions
- 
- 
102,000 
102,000 
Disposals
- 
- 
(377,095)
(377,095)
At 28 February 2025
50,450 
36,453 
1,183,140 
1,270,043 
Depreciation
At 1 March 2024
50,450 
27,799 
518,809 
597,058 
Charge for the year
- 
2,032 
169,825 
171,857 
On disposals
- 
- 
(377,095)
(377,095)
At 28 February 2025
50,450 
29,831 
311,539 
391,820 
Net book value
At 28 February 2025
- 
6,622 
871,601 
878,223 
At 29 February 2024
- 
8,654 
939,426 
948,080 
- 5 -
Freighteam Ltd Notes to the Accounts for the year ended 28 February 2025
5
Investments
Other investments 
£ 
Valuation at 1 March 2024
4,000 
Valuation at 28 February 2025
4,000 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
639,649 
670,936 
Amounts due from group undertakings etc.
92,378 
95,497 
Other debtors
7,295 
28,971 
739,322 
795,404 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
65,512 
13,154 
Trade creditors
250,077 
267,330 
Amounts owed to group undertakings and other participating interests
307,035 
297,968 
Taxes and social security
56,641 
14,428 
Accruals
26,522 
12,420 
705,787 
605,300 
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 6 -