REGISTERED NUMBER: 14492936 (England and Wales)

FREIGHT MINDS HOLDINGS LIMITED

Unaudited Financial Statements

for the Year Ended 31 January 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

M P Wright

A L Durrant

A C Lovell

J R Pacheco

Registered office:

Unit 7

X2 Eastern Perimeter Road

London Heathrow Airport

TW6 2GE

Registered number:

14492936 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

1st Floor, Abbey Square

Davidson House

The Forbury

Reading

RG1 3EU

Fixed assets

Investments

4

102

142

Current assets

Debtors

5

158,654

19,960

Cash at bank and in hand

329

680

158,983

20,640

Creditors

Amounts falling due within one year

6

(158,589

)

(22,422

)

Net current assets/(liabilities)

394

(1,782

)

Total assets less current liabilities

496

(1,640

)

Capital and reserves

Called up share capital

7

200

200

Retained earnings

8

296

(1,840

)

Shareholders' funds

496

(1,640

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Income Statement has not been delivered.

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

M P Wright - Director

1.	Statutory information

Freight Minds Holdings 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 FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Investments in subsidiaries and associates

Investments in subsidiary and associate undertakings are recognised at cost.

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.

Cash at bank and in hand

Cash at bank and in hand are basic financial assets and include cash in hand, and deposits held at call with banks.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

3.	Employees and directors

The average number of employees during the year was 4 (2024 - 4 ) .

4.	Fixed asset investments

Shares in

group

Interest in

undertakings

associate

Totals

£

£

£

Cost

At 1 February 2024

102

40

142

Disposals

-

(40

)

(40

)

At 31 January 2025

102

-

102

Net book value

At 31 January 2025

102

-

102

At 31 January 2024

102

40

142

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Amounts owed by group undertakings

158,554

-

Amounts owed by participating interests

-

19,960

Other debtors

100

-

158,654

19,960

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

17

20

Amounts owed to group undertakings

2

20,802

Other creditors

158,570

1,600

158,589

22,422

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

200

Ordinary

1

200

200

8.

Reserves

Retained

earnings

£

At 1 February 2024

(1,840

)

Profit for the year

630,020

Dividends

(627,884

)

At 31 January 2025

296

9.	Ultimate controlling party

The company is controlled by the shareholders. There is no one ultimate controlling party.