Malco Freight Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01928164

Malco Freight Limited

Unaudited financial statements

28 February 2026

Malco Freight Limited

Statement of financial position

28 February 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	5		1,022,923		856,163

Current assets

Debtors	6	1,018,780	932,879
Cash at bank and in hand		76,291	101,342
		-----------	-----------
		1,095,071	1,034,221

Creditors: Amounts falling due within one year	7	( 996,121)		( 757,678)
		-----------		-----------
Net current assets			98,950		276,543
			-----------		-----------
Total assets less current liabilities			1,121,873		1,132,706

Creditors: Amounts falling due after more than one year	8		( 376,681)		( 377,046)

Provisions

Taxation including deferred tax	( 186,501)	( 207,463)
	-----------	-----------
Net assets	558,691	548,197
	-----------	-----------

Capital and reserves

Called up share capital	100	100
Profit and loss account	558,591	548,097
	---------	---------
Shareholders funds	558,691	548,197
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28 February 2026 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Malco Freight Limited

Statement of financial position (continued)

28 February 2026

These financial statements were approved by the board of directors and authorised for issue on 15 July 2026 , and are signed on behalf of the board by:

A Jeffrey

Director

Company registration number: 01928164

Malco Freight Limited

Notes to the financial statements

Year ended 28 February 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First Floor Suite, 2 Hillside Business Park, Bury St Edmunds, Suffolk, IP32 7EA. The trading address during the year was Unit 56A, Lancaster Way Business Park, Ely, Cambridgeshire, CB6 3NW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity and is rounded to the nearest £.

Revenue recognition

Turnover is recognised at the fair value of the consideration received or receivable in the ordinary course of business, and is shown net of Value Added Tax. Revenue from the sale of services is recognised when the service has been satisfactorily provided, the amount can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Where services are rendered under a contract, revenue is recognised based on the stage of completion at the reporting date-provided the outcome can be reliably estimated. If not, revenue is recognised only to the extent that expenses incurred are expected to be recoverable. When it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately. When the outcome of a contract cannot be estimated reliably, turnover is recognised only to the extent of costs that it is probable will be recovered. Interest income is recognised using the effective interest method.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	20% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	25% reducing balance & 33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Hire purchase contracts

Assets held under hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at present value. Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of employees during the year was 35 (2025: 31 ).

5. Tangible assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 March 2025	27,499	1,543,865	30,099	1,601,463
Additions	–	430,685	4,125	434,810
Disposals	–	–	( 11,992)	( 11,992)
	-------	-----------	-------	-----------
At 28 February 2026	27,499	1,974,550	22,232	2,024,281
	-------	-----------	-------	-----------
Depreciation
At 1 March 2025	17,547	703,552	24,201	745,300
Charge for the year	1,991	262,832	2,971	267,794
Disposals	–	–	( 11,736)	( 11,736)
	-------	-----------	-------	-----------
At 28 February 2026	19,538	966,384	15,436	1,001,358
	-------	-----------	-------	-----------
Carrying amount
At 28 February 2026	7,961	1,008,166	6,796	1,022,923
	-------	-----------	-------	-----------
At 28 February 2025	9,952	840,313	5,898	856,163
	-------	-----------	-------	-----------

6. Debtors

	2026	2025
	£	£
Trade debtors	722,577	552,746
Amounts owed by group undertakings	252,492	298,868
Other debtors	43,711	81,265
	-----------	---------
	1,018,780	932,879
	-----------	---------

7. Creditors: Amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	3,213	11,201
Trade creditors	348,368	235,933
Social security and other taxes	57,499	65,845
Other creditors	587,041	444,699
	---------	---------
	996,121	757,678
	---------	---------

The bank loan is unsecured. Included within other creditors are hire purchase liabilities totalling £357,666 (2025 - £283,808) which are secured against the assets to which they relate.

8. Creditors: Amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	–	4,413
Other creditors	376,681	372,633
	---------	---------
	376,681	377,046
	---------	---------

Included within other creditors are hire purchase liabilities totalling £376,681 (2025 - £377,046) which are secured against the assets to which they relate. The bank loan is unsecured. M J Coe has given a personal guarantee on the bank loan. The maximum amount secured under this arrangement is £nil.

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	84,311	159,007
Later than 1 year and not later than 5 years	133,047	217,358
	---------	---------
	217,358	376,365
	---------	---------

10. Related party transactions

At the reporting date, the Company had an outstanding balance of £252,492 due from Malco Group Limited. The balance is interest-free, unsecured, and repayable on demand.

11. Controlling party

The ultimate parent company is Malco Group Limited.