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Registration number: 10254416

Freight Wizard Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2026

Freight Wizard Limited

Contents

Balance Sheet | 1 to 2
Notes to the Unaudited Financial Statements | 3 to 8

Freight Wizard Limited

(Registration number: 10254416)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 1,027 | 2,869
Current assets |  |  |
Stocks | 5 | 123,269 | 66,704
Debtors | 6 | 152,008 | 219,344
Cash at bank and in hand |  | 462,987 | 202,384
|  | 738,264 | 488,432
Creditors: Amounts falling due within one year | 7 | (299,719) | (259,455)
Net current assets |  | 438,545 | 228,977
Total assets less current liabilities |  | 439,572 | 231,846
Provisions for liabilities |  | (256) | (717)
Net assets |  | 439,316 | 231,129
Capital and reserves |  |  |
Called up share capital | 8 | 1 | 1
Retained earnings |  | 439,315 | 231,128
Shareholders' funds |  | 439,316 | 231,129

For the financial year ending 31 March 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 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 3 June 2026 and signed on its behalf by:

Freight Wizard Limited

(Registration number: 10254416)
Balance Sheet as at 31 March 2026

......................................... R Allen Director
......................................... N Webster Director

Freight Wizard Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1 | General information

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

The address of its registered office is:
59 Business Centre
King Edward Street
Grimsby
North East Lincolnshire
DN31 3JH

These financial statements were authorised for issue by the Board on 3 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 except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared for the single entity, are presented in sterling, the functional currency of the company, and rounded to the nearest pound.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/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.

Government grants

Government grants which become receivable as compensation for expenses or losses already incurred, or for the purpose of giving immediate financial support to the entity with no future related costs, are recognised as income in the period in which they become receivable.

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.

Freight Wizard Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

The current corporate 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 income tax is recognised on 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 income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position 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
Fixtures and fittings | 33% straight line
Motor vehicles | 25% reducing balance

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 merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Freight Wizard Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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 profit or loss on a straight-line basis over the period of the lease.

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.

3 | Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 3 (2025 - 3).

Freight Wizard Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 April 2025 | 8,087 | 8,087
At 31 March 2026 | 8,087 | 8,087
Depreciation
At 1 April 2025 | 5,218 | 5,218
Charge for the year | 1,842 | 1,842
At 31 March 2026 | 7,060 | 7,060
Carrying amount
At 31 March 2026 | 1,027 | 1,027
At 31 March 2025 | 2,869 | 2,869

5 | Stocks

| 2026 £ | 2025 £
Work in progress | 123,269 | 66,704

6 | Debtors

Current | 2026 £ | 2025 £
Trade debtors | 134,351 | 199,608
Prepayments | 1,895 | 1,044
Other debtors | 15,762 | 18,692
| 152,008 | 219,344

Freight Wizard Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2026 £ | 2025 £
Due within one year |  |  |
Loans and borrowings | 9 | 35,741 | 26,228
Taxation and social security |  | 167,815 | 102,946
Accruals and deferred income |  | 96,163 | 130,281
|  | 299,719 | 259,455

8 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary of £0.01 each | 100 | 1 | 100 | 1

9 | Loans and borrowings

Current loans and borrowings

| 2026 £ | 2025 £
Other borrowings | 35,741 | 26,228

10 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £7,661 (2025 - £Nil).

11 | Related party transactions

The below advances had no fixed repayment date and was unsecured, interest was charged at the official rate.

Transactions with Directors

2026 | At 1 April 2025 £ | Advances to Director £ | Repayments by Director £ | At 31 March 2026 £
N Webster
Directors Loan Account | 18,692 | 30,420 | (33,350) | 15,762

Freight Wizard Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

2025 | At 1 April 2024 £ | Advances to Director £ | Repayments by Director £ | At 31 March 2025 £
N Webster
Directors Loan Account | 25,225 | 19,467 | (26,000) | 18,692