Company registration number 01677239 (England and Wales)
INTERSPED LOGISTICS (UK) LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
PAGES FOR FILING WITH REGISTRAR
Affinia
Numeric House
98 Station Road
Sidcup
Kent
DA15 7BY
INTERSPED LOGISTICS (UK) LIMITED
COMPANY INFORMATION
Directors
R P Murphy
A L Constantine
Company number
01677239
Registered office
66 Hailey Road
Erith
Kent
DA18 4AA
Accountants
Affinia (Sidcup Station Road)
Numeric House
98 Station Road
Sidcup
Kent
DA15 7BY
INTERSPED LOGISTICS (UK) LIMITED
CONTENTS
Page
Directors' report
1
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
6 - 12
The following pages do not form part of the financial statements
Detailed profit and loss account
INTERSPED LOGISTICS (UK) LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 JULY 2025
- 1 -

The directors present their annual report and financial statements for the year ended 31 July 2025.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

R P Murphy
J T Nazir
(Resigned 30 April 2025)
A L Constantine
Small companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies regime.

On behalf of the board
..............................................
R P Murphy
Director
1 April 2026
INTERSPED LOGISTICS (UK) LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF INTERSPED LOGISTICS (UK) LIMITED FOR THE YEAR ENDED 31 JULY 2025
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Intersped Logistics (UK) Limited for the year ended 31 July 2025 which comprise the profit and loss account, the balance sheet, the statement of changes in equity and the related notes from the company’s accounting records and from information and explanations you have given us.

This report is made solely to the b oard of d irectors of Intersped Logistics (UK) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Intersped Logistics (UK) Limited and state those matters that we have agreed to state to the b oard of d irectors of Intersped Logistics (UK) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Intersped Logistics (UK) Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Intersped Logistics (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Intersped Logistics (UK) Limited. You consider that Intersped Logistics (UK) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Intersped Logistics (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Affinia (Sidcup Station Road)
Accountants
Numeric House
98 Station Road
Sidcup
Kent
DA15 7BY
1 April 2026
INTERSPED LOGISTICS (UK) LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 JULY 2025
- 3 -
2025
2024
£
£
Turnover
11,124,149
9,848,285
Cost of sales
(7,956,869)
(7,353,736)
Gross profit
3,167,280
2,494,549
Administrative expenses
(2,650,255)
(2,289,676)
Other operating income
320,042
580,299
Operating profit
837,067
785,172
Interest receivable and similar income
1,429
3,787
Interest payable and similar expenses
(4,041)
(3,256)
Profit before taxation
834,455
785,703
Tax on profit
(273,957)
(238,950)
Profit for the financial year
560,498
546,753
INTERSPED LOGISTICS (UK) LIMITED
BALANCE SHEET
AS AT
31 JULY 2025
31 July 2025
- 4 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
1,791,420
1,227,848
Tangible assets
5
143,408
165,039
1,934,828
1,392,887
Current assets
Stocks
263,775
-
Debtors
7
2,548,185
3,189,534
Investments
109,428
109,428
Cash at bank and in hand
714,150
471,180
3,635,538
3,770,142
Creditors: amounts falling due within one year
8
(2,831,292)
(3,003,191)
Net current assets
804,246
766,951
Total assets less current liabilities
2,739,074
2,159,838
Provisions for liabilities
(40,452)
(21,714)
Net assets
2,698,622
2,138,124
Capital and reserves
Called up share capital
86,957
86,957
Profit and loss reserves
2,611,665
2,051,167
Total equity
2,698,622
2,138,124

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The financial statements were approved by the board of directors and authorised for issue on 1 April 2026 and are signed on its behalf by:
..............................................
R P Murphy
Director
Company registration number 01677239 (England and Wales)
INTERSPED LOGISTICS (UK) LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JULY 2025
- 5 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 August 2023
86,957
1,604,414
1,691,371
Year ended 31 July 2024:
Profit and total comprehensive income
-
546,753
546,753
Dividends
-
(100,000)
(100,000)
Balance at 31 July 2024
86,957
2,051,167
2,138,124
Year ended 31 July 2025:
Profit and total comprehensive income
-
560,498
560,498
Balance at 31 July 2025
86,957
2,611,665
2,698,622
INTERSPED LOGISTICS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 6 -
1
Accounting policies
Company information

Intersped Logistics (UK) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 66 Hailey Road, Erith, Kent, DA18 4AA.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

1.2
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The company recognises revenue from the following major sources:

- Transportation services

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

INTERSPED LOGISTICS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 7 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
10% Straight Line
Plant and equipment
20% Reducing Balance
Fixtures and fittings
25% Reducing Balance
Motor vehicles
20% Reducing Balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

INTERSPED LOGISTICS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 8 -
1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

INTERSPED LOGISTICS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 9 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision i s measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

1.12
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

INTERSPED LOGISTICS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 10 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
29
34
4
Intangible fixed assets
Goodwill
£
Cost
At 1 August 2024
1,364,276
Additions
700,000
At 31 July 2025
2,064,276
Amortisation and impairment
At 1 August 2024
136,428
Amortisation charged for the year
136,428
At 31 July 2025
272,856
Carrying amount
At 31 July 2025
1,791,420
At 31 July 2024
1,227,848
INTERSPED LOGISTICS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 11 -
5
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 August 2024
124,328
70,822
76,778
164,486
436,414
Additions
15,180
-
0
-
0
-
0
15,180
At 31 July 2025
139,508
70,822
76,778
164,486
451,594
Depreciation and impairment
At 1 August 2024
72,149
54,481
61,286
83,459
271,375
Depreciation charged in the year
13,951
2,451
2,324
18,085
36,811
At 31 July 2025
86,100
56,932
63,610
101,544
308,186
Carrying amount
At 31 July 2025
53,408
13,890
13,168
62,942
143,408
At 31 July 2024
52,179
16,341
15,492
81,027
165,039
6
Financial instruments
2025
2024
£
£
Carrying amount of financial assets include:
Investments
109,428
109,428
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,951,662
2,137,542
Other debtors
573,709
1,019,876
Prepayments and accrued income
22,814
32,116
2,548,185
3,189,534
INTERSPED LOGISTICS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 12 -
8
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
10,146
-
0
Trade creditors
1,645,491
1,843,991
Corporation tax
305,163
324,568
Other taxation and social security
156,742
105,065
Other creditors
8,750
10,291
Accruals and deferred income
705,000
719,276
2,831,292
3,003,191
9
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
749,543
1,161,543
10
Directors' transactions

Dividends totalling £0 (2024 - £100,000) were paid in the year in respect of shares held by the company's directors.

Advances or credits have been granted by the company to its directors at a value of £295,896. The advances were made interest free and are repayable on demand.

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