REGISTERED NUMBER: 02122280 (England and Wales)

Abridged Financial Statements for the Year Ended 30 April 2025

for

GLOUCESTER FREIGHT SERVICES LIMITED

Page

Company Information

1

Report of the Directors

2

Abridged Income Statement

3

Abridged Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

R J G Pearse

I G Pearse

REGISTERED OFFICE:

Unit 3, Whitworth Court

Baird Road

Waterwells Business Park

Quedgeley, Gloucester

Gloucestershire

GL2 2DG

REGISTERED NUMBER:

02122280 (England and Wales)

ACCOUNTANTS:

West Country Accounting Services Limited

Chartered Accountants

BS15 1NT

The directors present their report with the financial statements of the company for the year ended 30 April 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of freight haulage agents.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 May 2024 to the date of this report.

R J G Pearse

I G Pearse

Other changes in directors holding office are as follows:

D Bray - resigned 31 March 2025

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

R J G Pearse - Director

23 July 2025

GROSS PROFIT

294,251

311,609

Distribution costs

2,321

2,218

Administrative expenses

297,568

291,438

299,889

293,656

OPERATING (LOSS)/PROFIT

4

(5,638

)

17,953

Interest receivable and similar income

148

339

(LOSS)/PROFIT BEFORE TAXATION

(5,490

)

18,292

Tax on (loss)/profit

5

(1,198

)

4,226

(LOSS)/PROFIT FOR THE FINANCIAL YEAR

(4,292

)

14,066

FIXED ASSETS

Tangible assets

7

5,833

8,153

CURRENT ASSETS

Debtors

150,382

176,288

Cash at bank and in hand

29,553

64,264

179,935

240,552

CREDITORS

Amounts falling due within one year

118,349

176,414

NET CURRENT ASSETS

61,586

64,138

TOTAL ASSETS LESS CURRENT LIABILITIES

67,419

72,291

PROVISIONS FOR LIABILITIES

1,459

2,039

NET ASSETS

65,960

70,252

CAPITAL AND RESERVES

Called up share capital

8

48

48

Retained earnings

9

65,912

70,204

SHAREHOLDERS' FUNDS

65,960

70,252

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2025 in accordance with Section 444(2A) of the Companies Act 2006.

The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2025 and were signed on its behalf by:

R J G Pearse - Director

1.	STATUTORY INFORMATION

Gloucester Freight Services 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.

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.

Turnover

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

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 reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and 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 6 (2024 - 6 ) .

4.	OPERATING (LOSS)/PROFIT

The operating loss (2024 - operating profit) is stated after charging:

2025

2024

£

£

Depreciation - owned assets

2,320

2,219

5.

TAXATION

Analysis of the tax (credit)/charge

The tax (credit)/charge on the loss for the year was as follows:

2025

2024

£

£

Current tax:

UK corporation tax

(618

)

3,748

Deferred tax

(580

)

478

Tax on (loss)/profit

(1,198

)

4,226

UK corporation tax has been charged at 25% (2024 - 19%).

6.

DIVIDENDS

2025

2024

£

£

Ordinary shares of 1.00 each

Final

-

54,000

7.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2024

and 30 April 2025

50,777

DEPRECIATION

At 1 May 2024

42,624

Charge for year

2,320

At 30 April 2025

44,944

NET BOOK VALUE

At 30 April 2025

5,833

At 30 April 2024

8,153

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

48

Ordinary

1.00

48

48

9.

RESERVES

Retained

earnings

£

At 1 May 2024

70,204

Deficit for the year

(4,292

)

At 30 April 2025

65,912