Registration number: 02902450

Andante Freight Limited

Contents

Abridged Balance Sheet	1
Notes to the Abridged Financial Statements	2 to 6

Andante Freight Limited

(Registration number: 02902450)
Abridged Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	608,765	630,129
Current assets
Debtors		3,795,729	2,743,034
Cash at bank and in hand		80,789	184,668
		3,876,518	2,927,702
Prepayments and accrued income		43,266	40,769
Creditors: Amounts falling due within one year	5.1	(2,484,326)	(1,518,423)
Net current assets		1,435,458	1,450,048
Total assets less current liabilities		2,044,223	2,080,177
Creditors: Amounts falling due after more than one year	5.2	(434,179)	(454,242)
Provisions for liabilities		(22,750)	(27,040)
Accruals and deferred income		(230,899)	(252,923)
Net assets		1,356,395	1,345,972
Capital and reserves
Called up share capital	6	5,000	5,000
Capital redemption reserve		3,500	3,500
Revaluation reserve		176,984	177,080
Retained earnings		1,170,911	1,160,392
Shareholders' funds		1,356,395	1,345,972

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 23 December 2025 and signed on its behalf by:
 

......................................... Mr M D Jones Director

Andante Freight Limited

Notes to the Abridged Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
EFS Global
Pendle House
Phoenix Way
Burnley
Lancashire
BB11 5SX

These financial statements were authorised for issue by the Board on 23 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 23 December 2025 was Andrew Davies BFP FCA, who signed for and on behalf of Kneeshaws.

.........................................

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Andante Freight Limited

Notes to the Abridged Financial Statements for the Year Ended 31 March 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold land and buildings	2% straight line
Plant and machinery	25% reducing balance
Fixtures, fittings and equipment	15% reducing balance
Motor vehicles	25% reducing balance

Amortisation

Asset class	Amortisation method and rate
Goodwill	Equal installements over its useful economic life

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Andante Freight Limited

Notes to the Abridged Financial Statements for the Year Ended 31 March 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Andante Freight Limited

Notes to the Abridged Financial Statements for the Year Ended 31 March 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 23 (2024 - 24).

4	Tangible assets

	Total £
Cost or valuation
At 1 April 2024	843,844
Additions	2,986
Disposals	(16,251)
At 31 March 2025	830,579
Depreciation
At 1 April 2024	213,715
Charge for the year	20,929
Eliminated on disposal	(12,830)
At 31 March 2025	221,814
Carrying amount
At 31 March 2025	608,765
At 31 March 2024	630,129

Included within the net book value of land and buildings above is £572,657 (2024 - £586,687) in respect of freehold land and buildings.
 

5

Creditors

Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts which are secured of £18,281 (2024 - £15,021).

Creditors: amounts falling due after more than one year

Creditors include bank loans and overdrafts which are secured of £434,179 (2024 - £454,242).

Creditors include bank loans repayable by instalments of £347,969 (2024 - £373,984) due after more than five years.

6	Share capital

Allotted, called up and fully paid shares

Andante Freight Limited

Notes to the Abridged Financial Statements for the Year Ended 31 March 2025

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	5,000	5,000	5,000	5,000

7	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £9,952 (2024 - £17,829).

8	Related party transactions

The company has taken advantage of the exemption in FRS 102 from the requirement to disclose transactions with wholly owned group companies on the grounds that consolidated financial statements are prepared by the parent company.

9	Parent and ultimate parent undertaking

The company's immediate parent is EFS Investments Limited, incorporated in England.

 The ultimate parent is EFS Global Holdings Ltd, incorporated in England.

  These financial statements are available upon request from EFS Global, Pendle House, Phoenix way, Burnley, Lancashire, BB11 5SX

 The ultimate controlling party is Mr MD Jones.