REGISTERED NUMBER: 06825895 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2026

for

Simfreight Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S A King

Mrs M King

REGISTERED OFFICE:

c/o ABC Accounting Services

1 Willoughton Place

Wharton Close

Gainsborough

Lincolnshire

DN21 1EB

REGISTERED NUMBER:

06825895 (England and Wales)

ACCOUNTANTS:

ABC Accounting Services

1 Willoughton Place

Wharton Close

Gainsborough

Lincolnshire

DN21 1EB

FIXED ASSETS

Tangible assets

4

46,937

31,023

CURRENT ASSETS

Debtors

5

212,937

190,667

Cash at bank

135,081

78,256

348,018

268,923

CREDITORS

Amounts falling due within one year

6

299,809

249,262

NET CURRENT ASSETS

48,209

19,661

TOTAL ASSETS LESS CURRENT LIABILITIES

95,146

50,684

CREDITORS

Amounts falling due after more than one year

7

(35,508

)

(29,580

)

PROVISIONS FOR LIABILITIES

-

(5,894

)

NET ASSETS

59,638

15,210

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

59,538

15,110

59,638

15,210

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 June 2026 and were signed on its behalf by:

S A King - Director

Mrs M King - Director

1.	STATUTORY INFORMATION

Simfreight Limited 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

33% on cost and 25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2025 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 March 2025

7,302

36,124

5,830

49,256

Additions

-

23,151

691

23,842

At 28 February 2026

7,302

59,275

6,521

73,098

DEPRECIATION

At 1 March 2025

5,702

9,031

3,500

18,233

Charge for year

400

6,773

755

7,928

At 28 February 2026

6,102

15,804

4,255

26,161

NET BOOK VALUE

At 28 February 2026

1,200

43,471

2,266

46,937

At 28 February 2025

1,600

27,093

2,330

31,023

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 March 2025

36,124

Additions

23,151

At 28 February 2026

59,275

DEPRECIATION

At 1 March 2025

9,031

Charge for year

6,773

At 28 February 2026

15,804

NET BOOK VALUE

At 28 February 2026

43,471

At 28 February 2025

27,093

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Trade debtors

195,886

163,518

Other debtors

2,700

-

Directors' current accounts

-

12,343

VAT

14,351

14,806

212,937

190,667

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

£

Bank loans and overdrafts

1,333

3,972

Hire purchase contracts

11,545

5,267

Trade creditors

238,296

206,461

Tax

43,978

29,353

Social security and other taxes

3,397

2,876

Other creditors

443

533

Directors' current accounts

17

-

Accrued expenses

800

800

299,809

249,262

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.26

28.2.25

£

£

Bank loans - 1-2 years

-

1,361

Hire purchase contracts

35,508

28,219

35,508

29,580

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2026 and 28 February 2025:

28.2.26

28.2.25

£

£

S A King and Mrs M King

Balance outstanding at start of year

12,343

18,164

Amounts repaid

(12,343

)

(5,821

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

12,343

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £95,200 (2025 - £120,000) were paid to the directors .