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Registrar

Registration number: 02533320

Eagle Freight Terminal Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 August 2025

Eagle Freight Terminal Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 9

Eagle Freight Terminal Limited

Company Information

Directors | V Sharma

Company secretary | V Sharma

Registered office | Units 3 & 4 Lodge Lane Gt Blakenham Ipswich Suffolk IP6 0LB

Bankers | Lloyds Bank plc High Street Colchester 27 High Street Colchester Essex CO1 1DU

Accountants | Lambert Chapman LLP Chartered Accountants 3 Warners Mill Silks Way Braintree Essex CM7 3GB

Eagle Freight Terminal Limited

(Registration number: 02533320)
Balance Sheet as at 31 August 2025

| Note | 2025 £ | (As restated) 2024 £
Fixed assets |  |  |
Intangible assets | 4 | 273,894 | 244,122
Tangible assets | 5 | 5,647,512 | 5,562,552
|  | 5,921,406 | 5,806,674
Current assets |  |  |
Stocks | 6 | 287,772 | 217,446
Debtors | 7 | 3,451,893 | 3,666,236
Cash at bank and in hand |  | 34,146 | 63,806
|  | 3,773,811 | 3,947,488
Creditors: Amounts falling due within one year | 8 | (2,609,765) | (2,616,956)
Net current assets |  | 1,164,046 | 1,330,532
Total assets less current liabilities |  | 7,085,452 | 7,137,206
Creditors: Amounts falling due after more than one year | 8 | (3,217,358) | (3,496,749)
Provisions for liabilities |  | (263,404) | (229,735)
Net assets |  | 3,604,690 | 3,410,722
Capital and reserves |  |  |
Called up share capital | 10 | 100,000 | 100,000
Revaluation reserve |  | 1,972,770 | 1,972,770
Retained earnings |  | 1,531,920 | 1,337,952
Shareholders' funds |  | 3,604,690 | 3,410,722

For the financial year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 16 March 2026

V Sharma
Company secretary and director

Eagle Freight Terminal Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1 | General information

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

The address of its registered office is: Units 3 & 4, Lodge Lane, Gt Blakenham, Ipswich, Suffolk, IP6 0LB.

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 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 financial statements have been prepared using the historical cost convention.
These financial statements are presented in Sterling (£), which is the company's functional currency.

Departures from Companies Act requirements

The freehold property is shown at a revalued amount with no provision for depreciation. This is a departure from the requirements of the Companies Act concerning the depreciation of fixed assets which the directors feel necessary to show a true and fair view.

Prior period adjustment

The prior year adjustment relates to old loans and interest incorrectly calculated following refinancing in the 2025 year.

Revenue recognition

Turnover represents net invoiced sales of freight forwarding services, shipping, warehousing and excess stock wholesaling excluding value added tax.
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.

Government grants

Government grants are recognised using the accrual model and are shown within other operating income.

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.

Eagle Freight Terminal Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Tax

Current Tax is recognised in the profit and loss account, 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 income 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 on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation, other than freehold property.
The trading premises have been revalued in the year to market value.

Depreciation

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

Asset class | Depreciation method and rate
Freehold Property | Not provided as revalued annually
Plant and Machinery | 10% - 25% Reducing Balance
Fixtures and Fittings | 25% Reducing Balance
Motor Vehicles | 20% - 25% Reducing Balance

Intangible assets

Intangible assets are stated in the balance sheet at cost, less any subsequent accumulated amortisation.
The company has developed the following software:
EDI Customer/Supplier Interface Trading System completed in March 2020. Subsequent enhancements have been made as required.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Software development costs | 10% Straight line method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

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

Eagle Freight Terminal Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
The cost of stock comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in the profit and loss account.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

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 the profit and loss account on a straight-line basis over the period of the lease. Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated over the useful life of the asset The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

Eagle Freight Terminal Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 38 (2024 - 29).

4 | Intangible assets

| Software development costs £ | Total £
Cost or valuation
At 1 September 2024 | 352,810 | 352,810
Additions | 65,053 | 65,053
At 31 August 2025 | 417,863 | 417,863
At 1 September 2024 | 108,688 | 108,688
Amortisation charge | 35,281 | 35,281
At 31 August 2025 | 143,969 | 143,969
Carrying amount
At 31 August 2025 | 273,894 | 273,894
At 31 August 2024 | 244,122 | 244,122

Eagle Freight Terminal Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

5 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Motor vehicles £ | Plant and machinery £ | Total £
Cost or valuation
At 1 September 2024 | 4,000,000 | 158,839 | 631,237 | 1,902,519 | 6,692,595
Additions | - | 8,706 | 38,500 | 415,526 | 462,732
Disposals | - | - | - | (78,466) | (78,466)
At 31 August 2025 | 4,000,000 | 167,545 | 669,737 | 2,239,579 | 7,076,861
Depreciation
At 1 September 2024 | - | 129,648 | 448,822 | 551,573 | 1,130,043
Charge for the year | - | 8,358 | 39,000 | 312,230 | 359,588
Eliminated on disposal | - | - | - | (60,282) | (60,282)
At 31 August 2025 | - | 138,006 | 487,822 | 803,521 | 1,429,349
Carrying amount
At 31 August 2025 | 4,000,000 | 29,539 | 181,915 | 1,436,058 | 5,647,512
At 31 August 2024 | 4,000,000 | 29,191 | 182,415 | 1,350,946 | 5,562,552

Freehold property is carried at fair value, derived from current market prices at the date of revaluation. This estimate has been determined by the director V Sharma.

Included within the net book value of land and buildings above is £4,000,000 (2024 - £4,000,000) in respect of freehold land and buildings.

Eagle Freight Terminal Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

6 | Stocks

| 2025 £ | 2024 £
Stocks | 287,772 | 217,446

7 | Debtors

| 2025 £ | (As restated) 2024 £
Trade debtors | 1,260,328 | 1,419,619
Prepayments | 229,838 | 326,057
Other debtors | 1,961,727 | 1,920,560
| 3,451,893 | 3,666,236

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 745,209 | 665,715
Trade creditors |  | 969,603 | 902,246
Taxation and social security |  | 205,879 | 157,631
Accruals and deferred income |  | 5,650 | 6,650
Other creditors |  | 683,424 | 884,714
|  | 2,609,765 | 2,616,956

Creditors falling due within one year include loans and net obligations under finance lease and hire purchase contracts which are secured of £670,634 (2024 - £599,046).

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 3,217,358 | 3,496,749

| 2025 £ | 2024 £
Due after more than five years |  |
After more than five years by instalments | 1,397,056 | 2,148,352

| - | -

Eagle Freight Terminal Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Creditors falling due after more than one year include loans and net obligations under finance lease and hire purchase contracts which are secured of £3,067,358 (2024 - £3,235,637).

9 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 234,658 | 199,872
Bank overdrafts | 74,576 | -
Hire purchase contracts | 429,066 | 344,230
Other borrowings | 6,909 | 121,613
| 745,209 | 665,715

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 2,110,767 | 2,304,431
Hire purchase contracts | 956,591 | 1,042,318
Other borrowings | 150,000 | 150,000
| 3,217,358 | 3,496,749

10 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100,000 | 100,000 | 100,000 | 100,000

11 | Financial commitments, guarantees and contingencies

There are various charges against the company which include fixed and floating elements. These can be viewed at www.companieshouse.gov.uk.