FAST UK PARCEL LTD - Filleted accounts

Registered number

07654799

FAST UK PARCEL LTD

Filleted Accounts

31 March 2025

FAST UK PARCEL LTD
Registered number:		07654799
Balance Sheet
as at 31 March 2025

	Notes		2025		2024
			£		£
Fixed assets
Tangible assets	3		25,404		31,699

Current assets
Debtors	4	4,541,280		3,831,970
Cash at bank and in hand		537,086		1,056,543
		5,078,366		4,888,513

Creditors: amounts falling due within one year	5	(2,109,633)		(1,934,530)

Net current assets			2,968,733		2,953,983

Net assets			2,994,137		2,985,682

Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			2,993,137		2,984,682

Shareholders' funds			2,994,137		2,985,682


The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Thalita Masiero
Director
Approved by the board on 3 December 2025

FAST UK PARCEL LTD
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	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 rendering of services. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings		over the lease term (10 years)
	Office Equipment		over 3 years
	Motor Vans		over 3 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.


	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	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 profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025	2024
				Number	Number

	Average number of persons employed by the company			23	21

















3	Tangible fixed assets
		Land and buildings	Plant and machinery etc	Motor vehicles	Total
		£	£	£	£
	Cost
	At 1 April 2024	23,758	42,263	993,407	1,059,428
	Additions	-	3,821	-	3,821
	Disposals	-	-	(383,690)	(383,690)
	At 31 March 2025	23,758	46,084	609,717	679,559

	Depreciation
	At 1 April 2024	915	35,858	990,956	1,027,729
	Charge for the year	2,376	5,289	2,452	10,117
	On disposals	-	-	(383,691)	(383,691)
	At 31 March 2025	3,291	41,147	609,717	654,155

	Net book value
	At 31 March 2025	20,467	4,937	-	25,404
	At 31 March 2024	22,843	6,405	2,451	31,699


4	Debtors			2025	2024
				£	£

	Trade debtors			1,500,795	1,472,989
	Prepayments			842,767	139,891
	Deposits			206,623	210,373
	Deferred income			51,700	(14,363)
	Other debtors			1,939,395	2,023,080
				4,541,280	3,831,970


5	Creditors: amounts falling due within one year			2025	2024
				£	£

	Obligations under finance lease and hire purchase contracts			-	64,102
	Credit cards			18,060	29,879
	Trade creditors			1,596,631	1,093,367
	Accruals			40,841	300,516
	Taxation and social security costs			445,250	413,526
	Other creditors			8,851	33,140
				2,109,633	1,934,530


6	Other financial commitments			2025	2024
				£	£

	Total future minimum payments under non-cancellable operating leases			269,760	337,200

7	Related party transactions

		Net value of good and services (sold) / purchased by the company		Balances included within (other creditors) / other debtors at year end


		2025	2024	2025	2024
		£	£	£	£

	TB Flex Ltd	1,142,870	568,308	97,561	145,524
	Flex Hire Ltd	3,895,763	3,187,511	228,951	183,145
	Moumasi Properties Ltd	50,400	-	1,138,479	1,072,249
	Liber Logistics Ltd	-	-	73,735	341,653
	Unic Coffee Ltd	500	-	337,708	279,261
	Mulier Coffee	-	-	4,012	1,248
		5,089,533	3,755,819	1,880,446	2,023,080

	TB Flex Ltd and Flex Hire Ltd are all owned by Mr B Masiero who is also the Company Director for both companies.

	Moumasi Properties Ltd is owned in equal shares by Mr B and Mrs T Masiero, who are also Directors.

	Liber Logistics Ltd and Unic Coffee Ltd are all 100% owned by Mrs F Masiero who is also the Company Director for both companies.

	All above loans are interest free. All loans are repayable on demand.

	In addition to the above stated transactions, the company holds the property lease for TB Flex Ltd in trust, and recharged associated Rent, Service Charge, Insurance and Electricity to TB Flex Ltd of £77,253 (2024: £45,520), which is inlcuded in Other Operating Income.


8	Controlling party

	The ultimate controlling parties are Mr B and Mrs T Masiero by virtue of their equal shareholding in the company.


9	Other information

	FAST UK PARCEL LTD is a private company limited by shares and incorporated in England. Its registered office is:
	Airport House
	Purley Way
	Croydon
	CR0 0XZ