Registrar

Registration number: 07392134

Blackwater Freight Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 6

Blackwater Freight Limited

Company Information

Directors

M Inkpin R M Inkpin M L Inkpin S M Peck

Registered office

3 Warners Mill Silks Way Braintree Essex CM7 3GB

Bankers

Barclays Bank Plc 59 Newland Street Witham Essex CM8 2AJ

Accountants

Lambert Chapman LLP Chartered Accountants3 Warners Mill Silks Way Braintree Essex CM7 3GB

Blackwater Freight Limited

(Registration number: 07392134)
Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	37,094	47,900
Current assets
Debtors	5	539,127	459,443
Cash at bank and in hand		232,217	221,174
		771,344	680,617
Creditors: Amounts falling due within one year	6	(615,522)	(498,933)
Net current assets		155,822	181,684
Total assets less current liabilities		192,916	229,584
Provisions for liabilities		(4,833)	(7,251)
Net assets		188,083	222,333
Capital and reserves
Called up share capital	7	100	100
Retained earnings		187,983	222,233
Shareholders' funds		188,083	222,333

For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 June 2026 and signed on its behalf by:
 

M Inkpin
Director

Blackwater Freight Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is: 3 Warners Mill, Silks Way, Braintree, Essex, CM7 3GB.

The principal place of business is: Elmbeck Logistics Centre, Crittall Road, Witham, Essex, CM8 3DT.

These financial statements were authorised for issue by the Board on 22 June 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of freight transport services. Turnover is shown net of value added tax, returns, rebates and discounts.

Government grants

Government grants have been recognised within the profit and loss account for the accounting period they relate to.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on material temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Blackwater Freight Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% reducing balance basis
Office equipment	33% straight line basis
Motor vehicles	25% reducing balance basis
Improvements to property	10% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

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

Assets held under finance leases are recognised at their fair value at inception of the lease. These assets are depreciated in accordance with the depreciation policy. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

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.

Blackwater Freight Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

Long term employee benefits

The holiday year for Blackwater Freight Limited ends at 31 December 2025.

Any unused holiday can only be carried forward at the discretion of the directors. The cost of any unused entitlement is recognised in the period in which the employee's services are received.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2024 - 10).

4	Tangible assets

	Improvements to property £	Office equipment  £	Motor vehicles  £	Plant and machinery £	Total £
Cost or valuation
At 1 October 2024	19,433	15,545	59,940	14,058	108,976
Additions	-	742	-	2,050	2,792
Disposals	(4,702)	(601)	-	(644)	(5,947)
At 30 September 2025	14,731	15,686	59,940	15,464	105,821
Depreciation
At 1 October 2024	4,940	14,454	31,364	10,318	61,076
Charge for the year	971	852	7,144	937	9,904
Eliminated on disposal	(1,127)	(602)	-	(524)	(2,253)
At 30 September 2025	4,784	14,704	38,508	10,731	68,727
Carrying amount
At 30 September 2025	9,947	982	21,432	4,733	37,094
At 30 September 2024	14,493	1,091	28,576	3,740	47,900

5

Debtors

	2025 £	2024 £
Trade debtors	510,716	436,904
Other debtors	20,528	15,350
Prepayments and accrued income	7,883	7,189
	539,127	459,443

Blackwater Freight Limited

Notes to the Financial Statements for the Year Ended 30 September 2025

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	526,004	418,352
Taxation and social security	33,020	33,462
Other creditors	14,527	2,337
Directors loan	3,000	3,000
Accruals and deferred income	38,971	41,782
	615,522	498,933