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2024-03-31 01928102 dpl:GroupUndertakings 2023-04-01 2024-03-31 01928102 dpl:ParticipatingInterests 2023-04-01 2024-03-31 01928102 dpl:GroupUndertakings core:ListedExchangeTraded 2023-04-01 2024-03-31 01928102 core:ListedExchangeTraded 2023-04-01 2024-03-31 01928102 dpl:GroupUndertakings core:UnlistedNon-exchangeTraded 2023-04-01 2024-03-31 01928102 core:UnlistedNon-exchangeTraded 2023-04-01 2024-03-31 01928102 core:NetGoodwill 2025-03-31 01928102 core:IntangibleAssetsOtherThanGoodwill 2025-03-31 01928102 core:LandBuildings 2025-03-31 01928102 core:PlantMachinery 2025-03-31 01928102 core:Vehicles 2025-03-31 01928102 core:FurnitureFittings 2025-03-31 01928102 core:OfficeEquipment 2025-03-31 01928102 core:AfterOneYear 2025-03-31 01928102 core:WithinOneYear 2025-03-31 01928102 core:ListedExchangeTraded 2025-03-31 01928102 core:UnlistedNon-exchangeTraded 2025-03-31 01928102 core:ShareCapital 2025-03-31 01928102 core:SharePremium 2025-03-31 01928102 core:RevaluationReserve 2025-03-31 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FREIGHTAIR LIMITED

Registered Number
01928102
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

FREIGHTAIR LIMITED
Company Information
for the year from 1 April 2024 to 31 March 2025

Director | WILKINSON, Peter

Company Secretary | WILKINSON, Diane Elizabeth

Registered Address | 1 Mylord Crescent
| Camperdown Industrial Estate
| Newcastle Upon Tyne
| NE12 5UJ

Registered Number | 01928102 (England and Wales)

FREIGHTAIR LIMITED
Statement of Financial Position
31 March 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | 217,525 |  |  |  | 321,197
|  |  |  | 217,525 |  |  |  | 321,197
Current assets |  |  |  |  |  |  |  |
Debtors | 4,5 | 1,091,839 |  |  |  | 1,185,795 |  |
Cash at bank and on hand |  | 791,085 |  |  |  | 692,066 |  |
|  | 1,882,924 |  |  |  | 1,877,861 |  |
Creditors amounts falling due within one year | 6 | (539,578) |  |  |  | (674,838) |  |
Net current assets (liabilities) |  |  |  | 1,343,346 |  |  |  | 1,203,023
Total assets less current liabilities |  |  |  | 1,560,871 |  |  |  | 1,524,220
Creditors amounts falling due after one year | 7 |  |  | - |  |  |  | (3,333)
Provisions for liabilities | 8 |  |  | (25,095) |  |  |  | (21,271)
Net assets |  |  |  | 1,535,776 |  |  |  | 1,499,616
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 1,420 |  |  |  | 1,420
Share premium |  |  |  | 29,646 |  |  |  | 29,646
Other reserves |  |  |  | 5,948 |  |  |  | 5,948
Profit and loss account |  |  |  | 1,498,762 |  |  |  | 1,462,602
Shareholders' funds |  |  |  | 1,535,776 |  |  |  | 1,499,616

- The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 27 October 2025, and are signed on its behalf by:
WILKINSON, Peter Director Registered Company No. 01928102

FREIGHTAIR LIMITED
Notes to the Financial Statements
for the year ended 31 March 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Basis of preparation
--- | ---
| The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

| Functional and presentation currency
--- | ---
| The financial statements are presented in sterling and this is the functional currency of the company.

| Turnover policy
--- | ---
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

| Foreign currency translation
--- | ---
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

| Current taxation
--- | ---
| 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 between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

| Tangible fixed assets and depreciation
--- | ---
| Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

|  | Reducing balance (%) |  | Straight line (years)
| Land and buildings | - |  | 50
| Fixtures and fittings | 20 |  | -
| Vehicles | 25 |  | -

| Financial instruments
--- | ---
| The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 16 |  | 14

3. | Tangible fixed assets
--- | ---

|  | Land & buildings |  | Vehicles |  | Fixtures & fittings |  | Total
--- | --- | --- | --- | --- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
| Cost or valuation
| At 01 April 24 | 154,061 |  | 236,563 |  | 83,122 |  | 473,746
| Additions | - |  | 63,000 |  | 9,108 |  | 72,108
| Disposals | (154,061) |  | - |  | (10,750) |  | (164,811)
| At 31 March 25 | - |  | 299,563 |  | 81,480 |  | 381,043
| Depreciation and impairment
| At 01 April 24 | 25,270 |  | 85,698 |  | 41,581 |  | 152,549
| Charge for year | 2,054 |  | 37,610 |  | 8,658 |  | 48,322
| On disposals | (27,324) |  | - |  | (10,029) |  | (37,353)
| At 31 March 25 | - |  | 123,308 |  | 40,210 |  | 163,518
| Net book value
| At 31 March 25 | - |  | 176,255 |  | 41,270 |  | 217,525
| At 31 March 24 | 128,791 |  | 150,865 |  | 41,541 |  | 321,197

4. | Debtors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade debtors / trade receivables | 611,642 |  | 719,712
| Other debtors | 323,677 |  | 320,531
| Prepayments and accrued income | 36,002 |  | 20,552
| Total | 971,321 |  | 1,060,795

5. | Debtors: amounts due after one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Other debtors | 120,518 |  | 125,000
| Total | 120,518 |  | 125,000

6. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 399,313 |  | 420,309
| Bank borrowings and overdrafts | 3,333 |  | 10,000
| Taxation and social security | 49,330 |  | 198,288
| Other creditors | 61,702 |  | 40,241
| Accrued liabilities and deferred income | 25,900 |  | 6,000
| Total | 539,578 |  | 674,838

7. | Creditors: amounts due after one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Bank borrowings and overdrafts | - |  | 3,333
| Total | - |  | 3,333

8. | Provisions for liabilities
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Net deferred tax liability (asset) | 25,095 |  | 21,271
| Total | 25,095 |  | 21,271

9. | Contingent liabilities
--- | ---
| An indemnity exists with the company's bankers for £160,000 (2024 - £160,000).

10. | Directors advances, credits and guarantees
--- | ---
| On 1 April 2024 P Wilkinson owed the Company £215,000. During the period P Wilkinson was advanced £215,000 and repaid £215,000. As at 31 March 2025 P Wilkinson owed the Company £215,000. On 1 April 2024 J Woodhouse owed the Company £7,586. During the period J Woodhouse was advanced £NIL and repaid £NIL. As at 31 March 2025 J Woodhouse owed the Company £7,586.