Freight International Limited

(Registration number: 12941421)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	161	-
Tangible assets	5	30,220	25,852
		30,381	25,852
Current assets
Debtors	6	1,074,526	486,982
Cash at bank and in hand		1,285,185	862,097
		2,359,711	1,349,079
Creditors: Amounts falling due within one year	7	(1,105,392)	(328,114)
Net current assets		1,254,319	1,020,965
Total assets less current liabilities		1,284,700	1,046,817
Provisions for liabilities		(7,555)	(6,463)
Net assets		1,277,145	1,040,354
Capital and reserves
Called up share capital	8	100	100
Share premium reserve		3,237	3,237
Retained earnings		1,273,808	1,037,017
Shareholders' funds		1,277,145	1,040,354

For the financial year ending 31 October 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.

Freight International Limited

(Registration number: 12941421)
Balance Sheet as at 31 October 2025

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 2 July 2026 and signed on its behalf by:
 

......................................... Mr P Smallwood Director

Freight International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

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

The address of its registered office is:
34 Boulevard
Weston-Super-Mare
North Somerset
BS23 1NF
United Kingdom

The principal place of business is:
Pure Offices
Pastures Avenue
St Georges
Weston-super-Mare
North Somerset
BS22 7SB

These financial statements were authorised for issue by the Board on 2 July 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 except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is Pound Sterling (£).

Freight International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

2	Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of 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.

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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, 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.

Freight International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

2	Accounting policies (continued)

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% reducing balance
Computer equipment	25% straight line
Fixtures and fittings	25% reducing balance

Intangible assets

Trademarks and licences are shown at historical cost.

Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Freight International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

2	Accounting policies (continued)

Asset class	Amortisation method and rate
Intellectual property	10 year straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

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

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

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.

Freight International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2024 - 7).

4	Intangible assets

	Trademarks, patents and licenses  £	Total £
Cost or valuation
Additions	170	170
At 31 October 2025	170	170
Amortisation
Amortisation charge	9	9
At 31 October 2025	9	9
Carrying amount
At 31 October 2025	161	161

Freight International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 November 2024	24,850	22,000	46,850
Additions	15,707	-	15,707
Disposals	(5,195)	-	(5,195)
At 31 October 2025	35,362	22,000	57,362
Depreciation
At 1 November 2024	11,387	9,611	20,998
Charge for the year	7,507	3,098	10,605
Eliminated on disposal	(4,461)	-	(4,461)
At 31 October 2025	14,433	12,709	27,142
Carrying amount
At 31 October 2025	20,929	9,291	30,220
At 31 October 2024	13,463	12,389	25,852

Freight International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	865,151	372,990
Prepayments	26,176	19,733
Other debtors	183,199	94,259
	1,074,526	486,982

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	143,309	156,490
Taxation and social security	252,553	114,905
Accruals and deferred income	632,433	56,719
Other creditors	77,097	-
	1,105,392	328,114

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary A shares of £1 each	60	60	60	60
Ordinary B shares of £1 each	40	40	40	40
	100	100	100	100

Freight International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

9	Related party transactions

Transactions with directors

2025	At 1 November 2024 £	Advances to director £	At 31 October 2025 £
Mr P Smallwood
	-	90,000	90,000

2024	At 1 November 2023 £	Advances to director £	Repayments by director £	At 31 October 2024 £
Mr P Smallwood
	(88,007)	88,167	(160)	-

The director's loan is considered interest free and repayable on demand. Transactions are made on an arms length basis.