REGISTERED NUMBER: 10190328 (England and Wales)

Freight Logistics Solutions Limited

Financial Statements

for the Year Ended 30 April 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

I Rosser

D O Rosser

G Clarke

C D Williams

W H Harvey

C Sourbutts

REGISTERED OFFICE:

Skewfields

Lower Mill

Pontypool

Torfaen

Gwent

NP4 0XZ

REGISTERED NUMBER:

10190328 (England and Wales)

AUDITORS:

Xeinadin Audit Limited

Chartered Accountants

& Statutory Auditors

Suite 2d

Building 1 Eastern Business Park

St Mellons

Cardiff

South Glamorgan

CF3 5EA

FIXED ASSETS

Intangible assets

4

126,837

169,115

Tangible assets

5

18,242

14,189

145,079

183,304

CURRENT ASSETS

Debtors

6

7,761,305

2,082,607

Cash at bank

667,101

675,540

8,428,406

2,758,147

CREDITORS

Amounts falling due within one year

7

7,459,583

2,188,450

NET CURRENT ASSETS

968,823

569,697

TOTAL ASSETS LESS CURRENT LIABILITIES

1,113,902

753,001

PROVISIONS FOR LIABILITIES

10

4,560

3,547

NET ASSETS

1,109,342

749,454

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,109,242

749,354

SHAREHOLDERS' FUNDS

1,109,342

749,454

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 18 September 2025 and were signed on its behalf by:

I Rosser - Director

1.	STATUTORY INFORMATION

Freight Logistics 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.

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

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Computer software

Computer software is amortised over 4 years depending on the period over which the company expects to derive the benefit from the asset. Amortisation starts the year after the completed software project has been put in place.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Taxation

Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

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

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2024 - 31 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2024

and 30 April 2025

211,394

AMORTISATION

At 1 May 2024

42,279

Charge for year

42,278

At 30 April 2025

84,557

NET BOOK VALUE

At 30 April 2025

126,837

At 30 April 2024

169,115

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2024

1,442

41,434

126,900

95,047

264,823

Additions

-

-

-

14,353

14,353

At 30 April 2025

1,442

41,434

126,900

109,400

279,176

DEPRECIATION

At 1 May 2024

1,442

38,462

126,900

83,830

250,634

Charge for year

-

1,786

-

8,514

10,300

At 30 April 2025

1,442

40,248

126,900

92,344

260,934

NET BOOK VALUE

At 30 April 2025

-

1,186

-

17,056

18,242

At 30 April 2024

-

2,972

-

11,217

14,189

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

5,851,410

1,874,787

Amounts owed by group undertakings

1,133,364

-

Other debtors

367,845

-

Prepayments and accrued income

408,686

207,820

7,761,305

2,082,607

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade creditors

3,369,702

716,924

Amounts owed to group undertakings

-

60,634

Corporation tax

142,307

95,790

Social security and other taxes

48,468

40,437

VAT

85,293

50,180

Other creditors

3,023,954

914,159

Accrued expenses

789,859

310,326

7,459,583

2,188,450

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.4.25

30.4.24

£

£

Within one year

41,513

53,190

Between one and five years

21,862

29,021

63,375

82,211

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

£

Invoice discounting facility

2,780,926

879,559

The RBS invoice discounting facility included within other creditors is secured on trade debtors.

10.	PROVISIONS FOR LIABILITIES

30.4.25

30.4.24

£

£

Deferred tax

4,560

3,547

Deferred

tax

£

Balance at 1 May 2024

3,547

Provided during year

1,013

Balance at 30 April 2025

4,560

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Gareth Francis (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited