IRIS Accounts Production v25.4.12.37 05889750 director 1.8.24 31.7.25 31.7.25 1/4/26 false true false false true true true false Auditors Opinion Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 05889750 2024-07-31 05889750 2025-07-31 05889750 2024-08-01 2025-07-31 05889750 2023-07-31 05889750 2023-08-01 2024-07-31 05889750 2024-07-31 05889750 ns15:EnglandWales 2024-08-01 2025-07-31 05889750 ns14:PoundSterling 2024-08-01 2025-07-31 05889750 ns10:Director1 2024-08-01 2025-07-31 05889750 ns10:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 05889750 ns10:SmallEntities 2024-08-01 2025-07-31 05889750 ns10:Audited 2024-08-01 2025-07-31 05889750 ns10:SmallCompaniesRegimeForDirectorsReport 2024-08-01 2025-07-31 05889750 ns10:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 05889750 ns10:FullAccounts 2024-08-01 2025-07-31 05889750 ns10:OrdinaryShareClass1 2024-08-01 2025-07-31 05889750 ns10:RegisteredOffice 2024-08-01 2025-07-31 05889750 ns5:CurrentFinancialInstruments 2025-07-31 05889750 ns5:CurrentFinancialInstruments 2024-07-31 05889750 ns5:Non-currentFinancialInstruments 2025-07-31 05889750 ns5:Non-currentFinancialInstruments 2024-07-31 05889750 ns5:ShareCapital 2025-07-31 05889750 ns5:ShareCapital 2024-07-31 05889750 ns5:RetainedEarningsAccumulatedLosses 2025-07-31 05889750 ns5:RetainedEarningsAccumulatedLosses 2024-07-31 05889750 ns5:PlantMachinery 2024-08-01 2025-07-31 05889750 ns5:PlantMachinery 2024-07-31 05889750 ns5:PlantMachinery 2025-07-31 05889750 ns5:PlantMachinery 2024-07-31 05889750 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-07-31 05889750 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-07-31 05889750 ns5:WithinOneYear 2025-07-31 05889750 ns5:WithinOneYear 2024-07-31 05889750 ns5:BetweenOneFiveYears 2025-07-31 05889750 ns5:BetweenOneFiveYears 2024-07-31 05889750 ns5:AllPeriods 2025-07-31 05889750 ns5:AllPeriods 2024-07-31 05889750 ns5:Secured 2025-07-31 05889750 ns5:Secured 2024-07-31 05889750 ns5:DeferredTaxation 2024-07-31 05889750 ns5:DeferredTaxation 2024-08-01 2025-07-31 05889750 ns5:DeferredTaxation 2025-07-31 05889750 ns10:OrdinaryShareClass1 2025-07-31

REGISTERED NUMBER: 05889750 (England and Wales)

| AUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 JULY 2025 |

| FOR |

| CARGO 2 GO (UK) LTD |

| CARGO 2 GO (UK) LTD (REGISTERED NUMBER: 05889750) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

| Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |  | to |  | 9

| CARGO 2 GO (UK) LTD |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JULY 2025

| DIRECTOR: | Mr B P Frechette

| REGISTERED OFFICE: | 123 Wellington Road South

| Stockport

| Cheshire

| SK1 3TH

| REGISTERED NUMBER: | 05889750 (England and Wales)

| AUDITORS: | Allens Accountants Limited

| Registered Auditors and

| Chartered Accountants

| 123 Wellington Road South

| Stockport

| Cheshire

| SK1 3TH

| CARGO 2 GO (UK) LTD (REGISTERED NUMBER: 05889750) |

BALANCE SHEET

31 JULY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 16,628 |  | 37,601 |  |

CURRENT ASSETS

Debtors | 5 | 3,079,203 |  | 3,007,379 |  |

Cash at bank | 243,775 |  | 403,559 |  |

3,322,978 |  | 3,410,938 |  |

CREDITORS

Amounts falling due within one year | 6 | 2,388,255 |  | 1,923,974 |  |

NET CURRENT ASSETS | 934,723 |  | 1,486,964 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 951,351 |  | 1,524,565 |  |

CREDITORS

Amounts falling due after more than one year | 7 | - |  | (160,031 | ) |

PROVISIONS FOR LIABILITIES | 10 | (3,052 | ) | (7,036 | ) |

NET ASSETS | 948,299 |  | 1,357,498 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 10 |  | 10 |  |

Retained earnings | 948,289 |  | 1,357,488 |  |

SHAREHOLDERS' FUNDS | 948,299 |  | 1,357,498 |  |

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 April 2026 and were signed by:

Mr B P Frechette - Director

| CARGO 2 GO (UK) LTD (REGISTERED NUMBER: 05889750) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1. | STATUTORY INFORMATION

| Cargo 2 Go (UK) Ltd 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.

| The financial statements are presented in the Company's functional currency, pound sterling (£).

| The preparation of the financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

| Going concern

| After reviewing the Company's financial position, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future being a period of not less than 12 months from the date of approval of these financial statements. The Company therefore continues to adopt the going concern basis in preparing the financial statements.

| Significant judgements and estimates

| 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 effects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

| The directors do not consider there to be any significant judgements and estimates that require disclosure.

| Turnover

| Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

| Revenue from a contract for services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

| - |  | the amount of revenue can be measured reliably; |  |

| - |  | it is probable that the Company will receive the consideration due under the contract; |  |

| - |  | the stage of completion of the contract at the end of the reporting period can be measured reliably; and |  |

| - |  | the costs incurred and the costs to complete the contract can be measured reliably. |  |

| 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 etc | - | 50% on reducing balance, 25% on reducing balance, 20% on reducing balance and 10% on cost

| CARGO 2 GO (UK) LTD (REGISTERED NUMBER: 05889750) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

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

| 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.

| CARGO 2 GO (UK) LTD (REGISTERED NUMBER: 05889750) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

2. | ACCOUNTING POLICIES - continued

| Cash at bank and cash equivalents

| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

| Debtors

| Short term debtors are measured at transaction price, less any impairment.

| Creditors

| Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Finance costs

| Finance costs are charged to the Income Statement over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

| Operating leases

| Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the lease term. Lease incentives are recognised on a straight line basis over the term of the lease.

| Dividends

| Equity dividends are recognised when they become legally payable.

| Provision for liabilities

| Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

| Provisions are charged as an expense to the Income Statement in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

| CARGO 2 GO (UK) LTD (REGISTERED NUMBER: 05889750) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, together with loans to and from related parties.

| Debt instruments (other than those wholly repayable or receivable in one year), including loans and other accounts receivable and payable, are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable in one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of cash or other consideration, expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income Statement.

| For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

| For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the group would receive for the asset if it were to be sold at the balance sheet date.

| Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 24 (2024 - 24 ) .

| CARGO 2 GO (UK) LTD (REGISTERED NUMBER: 05889750) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 August 2024 | 173,230 |  |

| Additions | 482 |  |

| Disposals | (20,000 | ) |

| At 31 July 2025 | 153,712 |  |

| DEPRECIATION

| At 1 August 2024 | 135,629 |  |

| Charge for year | 15,215 |  |

| Eliminated on disposal | (13,760 | ) |

| At 31 July 2025 | 137,084 |  |

| NET BOOK VALUE

| At 31 July 2025 | 16,628 |  |

| At 31 July 2024 | 37,601 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 2,852,852 |  | 2,811,176 |  |

| Other debtors | 226,351 |  | 196,203 |  |

3,079,203 |  | 3,007,379 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 160,031 |  | 181,076 |  |

| Trade creditors | 1,160,725 |  | 1,143,434 |  |

| Taxation and social security | 791,672 |  | 409,498 |  |

| Other creditors | 275,827 |  | 189,966 |  |

2,388,255 |  | 1,923,974 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | - |  | 160,031 |  |

| CARGO 2 GO (UK) LTD (REGISTERED NUMBER: 05889750) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

8. | LEASING AGREEMENTS

| Minimum lease payments under non-cancellable operating leases fall due as follows:

2025 | 2024 |

£ | £ |

| Within one year | 38,000 |  | 42,245 |  |

| Between one and five years | 19,000 |  | 57,000 |  |

57,000 |  | 99,245 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Loan | 59,634 |  | 125,616 |  |

| Ecapital Commercial | 19,833 |  | - |  |

79,467 |  | 125,616 |  |

| Debts of the Company are secured by a debenture giving fixed and floating charges on all assets of the Company.

10. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 3,052 |  | 7,036 |  |

| Deferred |

| tax |

£ |

| Balance at 1 August 2024 | 7,036 |  |

| Credit to Statement of Income and Retained Earnings during year | (3,984 | ) |

| Balance at 31 July 2025 | 3,052 |  |

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 10 | Ordinary | £1 | 10 |  | 10 |  |

12. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Paul Wright (Senior Statutory Auditor)

| for and on behalf of Allens Accountants Limited

| CARGO 2 GO (UK) LTD (REGISTERED NUMBER: 05889750) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JULY 2025

13. | ULTIMATE CONTROLLING PARTY

| The immediate parent company is Cargo 2 Go (Holdings) Ltd, a company incorporated and registered in England and Wales.

| The ultimate controlling parties are the trustees of the Employee Ownership Trust.