REGISTERED NUMBER: 01431969 (England and Wales)

Financial Statements

for the Year Ended 28 February 2025

for

M. & W. FREIGHT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

G Parkinson

K E Walsh

W Mather

S B Jones

Secretary:

C Gembalczyk

Registered office:

Northern Assurance Buildings

9-21 Princess Street

Manchester

M2 4DN

Registered number:

01431969 (England and Wales)

Auditors:

S&W Audit

Northern Assurance Buildings

9-21 Princess Street

Manchester

M2 4DN

Fixed assets

Tangible assets

5

33,697

56,412

Current assets

Debtors

6

3,047,732

1,853,293

Cash at bank and in hand

4,907,190

6,415,127

7,954,922

8,268,420

Creditors

Amounts falling due within one year

7

3,280,139

3,645,107

Net current assets

4,674,783

4,623,313

Total assets less current liabilities

4,708,480

4,679,725

Capital and reserves

Called up share capital

8

100,000

100,000

Retained earnings

4,608,480

4,579,725

Shareholders' funds

4,708,480

4,679,725

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2025 and were signed on its behalf by:

G Parkinson - Director

1.	Statutory information

M. & W. Freight 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 company's trading address is Mirwell House, Carrington Lane, Manchester M33 5NL.

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.

Significant judgements and estimates

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future event that are believed to be reasonable under the circumstances.

There are not considered to be any critical judgements in applying the company's accounting policies.

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The only estimate and assumption which has a significant risk of causing a material adjustment to the carrying amounts of assets or liabilities within the next financial year is the job estimate accrual. This is based on management's best estimate of the future costs relating to jobs completed pre year end.

Turnover

The company acts as agents for the arrangement of freight forwarding services for third parties. Its turnover represents commissions and fees receivable net of discounts and VAT. Turnover is recognised when risk and reward transfers to the customer.

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

-

Straight line over 6 years

Motor vehicles

-

Straight line over 6 years

Computer equipment

-

Straight line over 6 years

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

Financial instruments

The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other debtors and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

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.

Other income

Other income relates to management charges receivable, rents receivable, grants, bank interest receivable and foreign exchange gains and losses. They are recognised on the accruals basis.

Bank interest receivable relates to interest gained on business reserve bank accounts, charged at floating interest rates.

4.	Employees and directors

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

5.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 29 February 2024

and 28 February 2025

201,617

Depreciation

At 29 February 2024

145,205

Charge for year

22,715

At 28 February 2025

167,920

Net book value

At 28 February 2025

33,697

At 28 February 2024

56,412

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

1,958,830

878,017

Other debtors

1,088,902

975,276

3,047,732

1,853,293

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

2,300,389

2,006,468

Taxation and social security

20,282

19,337

Other creditors

959,468

1,619,302

3,280,139

3,645,107

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100,000

Ordinary

£1

100,000

100,000

9.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Angela Chorlton FCA (Senior Statutory Auditor)

for and on behalf of S&W Audit

10.	Contingent liabilities

At 28 February 2025 there were contingent liabilities in respect of guarantees covering customs duties. The amount guaranteed, listed on the deferment statement, is £820,000 (2024 - £820,000).

11.	Related party disclosures

At the year end there was £195,167 (2024 - £18,392) due to the company by directors. This represents advances of £293,605 (2024 - £104,692) and credits of £116,830 (2024 - £95,539). The loans have been repaid after the year end.