Company registration number 02979734 (England and Wales)
CARLTON FREIGHT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
PAGES FOR FILING WITH REGISTRAR
CARLTON FREIGHT LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
CARLTON FREIGHT LIMITED
BALANCE SHEET
AS AT
31 JULY 2025
31 July 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,950
6,478
Current assets
Debtors
5
542,594
655,839
Cash at bank and in hand
3,221,292
3,137,983
3,763,886
3,793,822
Creditors: amounts falling due within one year
6
(2,896,426)
(3,063,671)
Net current assets
867,460
730,151
Total assets less current liabilities
869,410
736,629
Creditors: amounts falling due after more than one year
7
(250,000)
(250,000)
Provisions for liabilities
(400)
(1,250)
Net assets
619,010
485,379
Capital and reserves
Called up share capital
8
100,000
100,000
Profit and loss reserves
519,010
385,379
Total equity
619,010
485,379
CARLTON FREIGHT LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2025
31 July 2025
- 2 -

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

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:
Mr C. N. Leahy
Director
Company registration number 02979734 (England and Wales)
CARLTON FREIGHT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 3 -
1
Accounting policies
Company information

Carlton Freight Limited is a private company limited by shares incorporated in England and Wales. The registered office is Carlton House, 20 Hornspit Lane, Liverpool, Merseyside, L12 5LT.

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 £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

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.

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:

Fixtures and fittings
20% on cost
Computers
33.3% on cost

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
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.

CARLTON FREIGHT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 4 -
1.6
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.

1.7
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.

1.8
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.

CARLTON FREIGHT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

1.9
Retirement benefits

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.

1.10

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.

1.11

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2
Operating profit
2025
2024
Operating profit for the year is stated after charging:
£
£
Depreciation of tangible fixed assets
4,528
8,927
3
Employees

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

2025
2024
Number
Number
Total
13
16
CARLTON FREIGHT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 6 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2024 and 31 July 2025
179,994
Depreciation and impairment
At 1 August 2024
173,516
Depreciation charged in the year
4,528
At 31 July 2025
178,044
Carrying amount
At 31 July 2025
1,950
At 31 July 2024
6,478
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
517,119
655,839
Other debtors
25,475
-
0
542,594
655,839
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
357,650
737,614
Corporation tax
94,750
67,500
Other taxation and social security
66,958
51,515
Other creditors
2,075,621
1,811,005
Accruals and deferred income
301,447
396,037
2,896,426
3,063,671
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
250,000
250,000
CARLTON FREIGHT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 7 -
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100,000
100,000
100,000
100,000
2025-07-31 2024-08-01 false false false 20 April 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr C. N. Leahy Mr M. Leahy 02979734 2024-08-01 2025-07-31 02979734 2025-07-31 02979734 2024-07-31 02979734 core:OtherPropertyPlantEquipment 2025-07-31 02979734 core:OtherPropertyPlantEquipment 2024-07-31 02979734 core:CurrentFinancialInstruments core:WithinOneYear 2025-07-31 02979734 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 02979734 core:WithinOneYear 2025-07-31 02979734 core:WithinOneYear 2024-07-31 02979734 core:AfterOneYear 2025-07-31 02979734 core:AfterOneYear 2024-07-31 02979734 core:CurrentFinancialInstruments 2025-07-31 02979734 core:CurrentFinancialInstruments 2024-07-31 02979734 core:ShareCapital 2025-07-31 02979734 core:ShareCapital 2024-07-31 02979734 core:RetainedEarningsAccumulatedLosses 2025-07-31 02979734 core:RetainedEarningsAccumulatedLosses 2024-07-31 02979734 core:ShareCapitalOrdinaryShareClass1 2025-07-31 02979734 core:ShareCapitalOrdinaryShareClass1 2024-07-31 02979734 bus:Director1 2024-08-01 2025-07-31 02979734 core:FurnitureFittings 2024-08-01 2025-07-31 02979734 core:ComputerEquipment 2024-08-01 2025-07-31 02979734 2023-08-01 2024-07-31 02979734 core:OtherPropertyPlantEquipment 2024-07-31 02979734 core:OtherPropertyPlantEquipment 2024-08-01 2025-07-31 02979734 core:Non-currentFinancialInstruments 2025-07-31 02979734 core:Non-currentFinancialInstruments 2024-07-31 02979734 bus:OrdinaryShareClass1 2024-08-01 2025-07-31 02979734 bus:OrdinaryShareClass1 2025-07-31 02979734 bus:OrdinaryShareClass1 2024-07-31 02979734 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 02979734 bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 02979734 bus:FRS102 2024-08-01 2025-07-31 02979734 bus:AuditExemptWithAccountantsReport 2024-08-01 2025-07-31 02979734 bus:Director2 2024-08-01 2025-07-31 02979734 bus:FullAccounts 2024-08-01 2025-07-31 xbrli:pure xbrli:shares iso4217:GBP