Company Registration No. 07592537 (England and Wales)
FIRST EUROPEAN TRANSPORT
SERVICES LTD
ANNUAL REPORT AND UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
FIRST EUROPEAN TRANSPORT SERVICES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
FIRST EUROPEAN TRANSPORT SERVICES LIMITED
Company Registration No. 07592537
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
89,950
111,602
Current assets
Debtors
4
35,081
29,855
Cash at bank and in hand
29,240
10,911
64,321
40,766
Creditors: amounts falling due within one year
5
(67,549)
(49,729)
Net current liabilities
(3,228)
(8,963)
Total assets less current liabilities
86,722
102,639
Creditors: amounts falling due after more than one year
6
(2,336)
(17,656)
Net assets
84,386
84,983
Capital and reserves
Called up share capital
7
10
10
Profit and loss reserves
84,376
84,973
Total equity
84,386
84,983

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

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.

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

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

FIRST EUROPEAN TRANSPORT SERVICES LIMITED
Company Registration No. 07592537
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 20 April 2026 and are signed on its behalf by:
J R Slade
Director
FIRST EUROPEAN TRANSPORT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

First European Transport Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 27 Burbridge Road, Shepperton, Middlesex, TW17 0ED.

1.1
Accounting convention

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 £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents sale of freight transport services, net of value added tax and trade discounts.

1.3
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.

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:

Land and buildings Freehold
2% on cost
Plant and machinery
25% reducing balance
Fixtures, fittings & equipment
25% reducing balance
Motor vehicles
25% 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.

1.4
Cash at bank and in hand

Cash at bank and in hand 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.

FIRST EUROPEAN TRANSPORT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Financial instruments
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.

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.

1.6
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.

1.7
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

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

2025
2024
Number
Number
Total
2
2
FIRST EUROPEAN TRANSPORT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2025
60,057
177,476
237,533
Additions
-
0
294
294
Disposals
-
0
(17,000)
(17,000)
At 31 December 2025
60,057
160,770
220,827
Depreciation and impairment
At 1 January 2025
10,638
115,293
125,931
Depreciation charged in the year
1,201
20,745
21,946
Eliminated in respect of disposals
-
0
(17,000)
(17,000)
At 31 December 2025
11,839
119,038
130,877
Carrying amount
At 31 December 2025
48,218
41,732
89,950
At 31 December 2024
49,419
62,183
111,602
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
35,081
29,855
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
4,167
10,000
Trade creditors
19,637
13,552
Taxation and social security
20,278
11,818
Other creditors
23,467
14,359
67,549
49,729

At the balance sheet date, the creditors due within one year includes hire purchase loans totalling £11,152 (20 24 - £1 0,545) which are secured by the assets in which they relate to.

FIRST EUROPEAN TRANSPORT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
4,167
Other creditors
2,336
13,489
2,336
17,656

At the balance sheet date, the creditors due after more than one year includes hire purchase loans totalling £2,336 (20 24 - £13,489) which are secured by the assets in which they relate to.

7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
10
10
10
10
8
Operating lease commitments
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
£
£
6,139
10,473
9
Related party transactions

At the balance sheet date, the company owed the director J R Slade owed £9,165 (2 02 4 - £809) to the company.

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