International Timed Services Limited Accounts






International Timed Services Limited

	Company No. 07114082
		Information for Filing with The Registrar
		31 March 2026

The Director presents his report and the accounts for the year ended 31 March 2026.

Principal activities
The principal activity of the company during the year under review was . that of courier services.




Director

The Director who served at any time during the year was as follows:

Paul George Ford









































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

Paul George Ford
Director
26 May 2026

at	31 March 2026
Company No.		07114082	Notes	2026	2025
				£	£
Fixed assets
	Intangible assets		5	824	1,098
	Tangible assets		6	75,886	63,259


				76,710	64,357
Current assets

	Debtors		7	204,654	216,862

	Cash at bank and in hand			268,205	257,385
				472,859	474,247
Creditors: Amount falling due within one year			8	(218,050)	(275,314)
Net current assets				254,809	198,933
Total assets less current liabilities				331,519	263,290
Creditors: Amounts falling due after more than one year			9	(46,578)	(62,256)
Provisions for liabilities
	Deferred taxation		10	-	-

Net assets				284,941	201,034

Capital and reserves
	Called up share capital			450	450


	Capital redemption reserve		12	450	450
	Profit and loss account		12	284,041	200,134

Total equity				284,941	201,034



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 26 May 2026 and signed on its behalf by:
Paul George Ford
Director
26 May 2026

for the year ended 31 March 2026

General information

International Timed Services Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 07114082

Its registered office is:

2 Lissmarine Industrial Park

Elstree Road

Elstree

Borehamwood

WD6 3EE

The accounts have been prepared in accordance and comply with FRS 102 and Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Revenue recognition

Turnover represents amounts receivable for courier, same-day delivery, warehousing, international shipping, and contract logistics services provided during the year, net of VAT, trade discounts, and rebates.

The company’s performance obligations are satisfied over time as logistics, transportation, and storage services are provided to customers in accordance with contractual agreements.

Revenue from courier and same-day delivery services is recognised when deliveries are completed and the related performance obligations have been fulfilled.

Revenue from warehousing and contract logistics services is recognised over the period in which the services are provided to the customer.

Revenue from international shipping services is recognised when the transportation service has been substantially completed in accordance with the contractual terms and transfer obligations.

Income received in advance for services not yet performed at the reporting date is deferred and recognised in the period in which the relevant performance obligations are satisfied.

Intangible fixed assets

Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Motor vehicles

25% reducing balance

Furniture, fittings and equipment

25% reducing balance

Leased assets

Under Financial Reporting Standard 102 (FRS 102), leases are classified as either finance leases or operating leases depending on whether substantially all risks and rewards incidental to ownership of the asset are transferred to the company.

1. Commercial Property Leases

Where the company occupies commercial premises under lease agreements, these are normally classified as operating leases.

Lease payments in respect of commercial buildings are recognised as an expense in profit or loss on a straight-line basis over the lease term, unless another systematic basis is more representative of the time pattern of benefit.

2. Courier Vans and Motor Vehicles

Vehicles used in the business (including courier vans, delivery vehicles, and company cars) are assessed individually to determine whether the lease is a finance lease or an operating lease.

Finance Leases

Where the lease transfers substantially all risks and rewards of ownership (e.g. long-term vehicle leases with purchase options or effectively full economic use), the vehicle is recognised as a fixed asset at the lower of fair value and present value of minimum lease payments.

A corresponding lease liability is recognised.

The asset is depreciated over the shorter of:

the lease term, or
the useful economic life of the vehicle.

Lease payments are split between:

finance charges (recognised in profit or loss), and
repayment of the lease liability.

Operating Leases
Where lease incentives (such as rent-free periods or reduced rent) are received, these are recognised over the lease term as a reduction in rental expense.

3. General Principles
All lease commitments are reviewed at inception and re-assessed if lease terms are modified.
Contingent rentals are recognised in profit or loss in the period incurred.
Lease classification is based on substance over form.

Research and development costs

Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at rate of 33.33% straight line.

Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Freehold investment property

Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account.

No depreciation is provided in respect of investment properties.

Investments

Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other 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.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Provisions

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 profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2026	2025
			Number	Number
		The average monthly number of employees (including directors) during the year was:	10	12

4	Taxation
		(a) Tax on profit on ordinary activities	2026	2025
		The tax charge is made up as follows:	£	£
		UK corporation tax
		Charge for the period	65,102	43,693

		Total corporation tax	65,102	43,693





		Tax on profit on ordinary activities	65,102	43,693

		(b) Factors affecting the total tax charge for the period


		0	£	£
		Profit on ordinary activities before tax	260,409	174,772

		Standard rate of corporation tax in the United Kingdom	25%	25%

		Profit on ordinary activities multiplied by standard rate of corporation tax in the United Kingdom	65,102	43,693
		Expenses not deductible for tax purposes	-	-




		Tax on profit on ordinary activities	65,102	43,693

5	Intangible fixed assets
			Goodwill	Other	Total
			£	£	£
		Cost
		At 1 April 2025	75,000	33,007	108,007


		At 31 March 2026	75,000	33,007	108,007
		Amortisation and impairment
		At 1 April 2025	74,999	31,910	106,909
		Charge for the year	-	274	274


		At 31 March 2026	74,999	32,184	107,183
		Net book values
		At 31 March 2026	1	823	824
		At 31 March 2025	1	1,097	1,098

		Goodwill, being the amount paid in connection with the acquisition of a business in 2011 has been fully amortised over its estimated useful life of five years. The IT system is being amortised evenly over its estimated useful life of 5 years.

6	Tangible fixed assets
			Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£
		Cost or revaluation
		At 1 April 2025	151,306	46,438	197,744
		Additions	37,923	-	37,923



		At 31 March 2026	189,229	46,438	235,667
		Depreciation
		At 1 April 2025	100,277	34,208	134,485
		Charge for the year	22,238	3,058	25,296



		At 31 March 2026	122,515	37,266	159,781
		Net book values
		At 31 March 2026	66,714	9,172	75,886
		At 31 March 2025	51,029	12,230	63,259

7	Debtors
			2026	2025
			£	£
		Trade debtors	163,468	159,864


		Deferred tax asset (see note 10)	16,546	10,301
		VAT recoverable	10,338	17,628

		Other debtors	6,000	18,000
		Prepayments and accrued income	8,302	11,069
			204,654	216,862

8	Creditors:
		amounts falling due within one year
			2026	2025
			£	£

		Bank loans and overdrafts	16,133	-

		Obligations under finance lease and hire purchase contracts	13,525	15,390
		Trade creditors	106,255	141,229

		Taxes and social security	78,043	113,438
		Loans from directors	800	139
		Other creditors	294	2,118
		Accruals and deferred income	3,000	3,000
			218,050	275,314

9	Creditors:
		amounts falling due after more than one year
			2026	2025
			£	£

		Bank loans and overdrafts	25,941	29,966

		Obligations under finance lease and hire purchase contracts	18,765	32,290


		Other creditors	1,872	-

			46,578	62,256

10	Deferred taxation
			Accelerated Capital Allowances, Losses and Other Timing Differences	Total
			£	£
		At 1 April 2025	(10,301)	(10,301)
		Charge to the profit and loss account for the period	(6,245)	(6,245)

		At 31 March 2026	(16,546)	(16,546)

		Deferred tax asset (see note 7)
			2026	2025
			£	£
		Accelerated capital allowances	(16,546)	(10,301)



			(16,546)	(10,301)

Share Capital

450 Ordinary shares of £1 each allocated and fully paid.

12	Reserves
			Capital redemption reserve	Total other reserves
			£	£
		At 1 April 2024	450	450



		At 31 March 2025 and 1 April 2025	450	450



		At 31 March 2026	450	450


		Capital redemption reserve - records the nominal value of shares repurchased by the company.

		Profit and loss account - includes all current and prior period retained profits and losses.

13	Dividends
			2026	2025
			£	£
		Dividends for the period:
		Dividends paid in the period	111,400	112,000

			111,400	112,000

		Dividends by type:

		Equity dividends	111,400	112,000
			111,400	112,000