Caseware UK (AP4) 2025.0.111 2025.0.111 2025-12-31 2025-12-31 No description of principal activity 2025-01-01 false 2 2 true true false 09771173 2025-01-01 2025-12-31 09771173 2024-06-01 2024-12-31 09771173 2025-12-31 09771173 2024-12-31 09771173 2024-06-01 09771173 c:Director1 2025-01-01 2025-12-31 09771173 d:MotorVehicles 2025-01-01 2025-12-31 09771173 d:MotorVehicles 2025-12-31 09771173 d:MotorVehicles 2024-12-31 09771173 d:MotorVehicles d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 09771173 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 09771173 d:OtherPropertyPlantEquipment 2025-01-01 2025-12-31 09771173 d:OtherPropertyPlantEquipment 2025-12-31 09771173 d:OtherPropertyPlantEquipment 2024-12-31 09771173 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 09771173 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 09771173 d:OwnedOrFreeholdAssets 2025-01-01 2025-12-31 09771173 d:LeasedAssetsHeldAsLessee 2025-01-01 2025-12-31 09771173 d:CurrentFinancialInstruments 2025-12-31 09771173 d:CurrentFinancialInstruments 2024-12-31 09771173 d:Non-currentFinancialInstruments 2025-12-31 09771173 d:Non-currentFinancialInstruments 2024-12-31 09771173 d:CurrentFinancialInstruments d:WithinOneYear 2025-12-31 09771173 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 09771173 d:Non-currentFinancialInstruments d:AfterOneYear 2025-12-31 09771173 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 09771173 d:ShareCapital 2025-12-31 09771173 d:ShareCapital 2024-12-31 09771173 d:RetainedEarningsAccumulatedLosses 2025-12-31 09771173 d:RetainedEarningsAccumulatedLosses 2024-12-31 09771173 d:AcceleratedTaxDepreciationDeferredTax 2025-12-31 09771173 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 09771173 c:FRS102 2025-01-01 2025-12-31 09771173 c:Audited 2025-01-01 2025-12-31 09771173 c:FullAccounts 2025-01-01 2025-12-31 09771173 c:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 09771173 d:WithinOneYear 2025-12-31 09771173 d:WithinOneYear 2024-12-31 09771173 d:HirePurchaseContracts d:WithinOneYear 2025-12-31 09771173 d:HirePurchaseContracts d:WithinOneYear 2024-12-31 09771173 d:HirePurchaseContracts d:BetweenOneFiveYears 2025-12-31 09771173 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-12-31 09771173 c:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 09771173 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2025-12-31 09771173 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-12-31 09771173 e:PoundSterling 2025-01-01 2025-12-31 iso4217:GBP xbrli:pure

Registered number: 09771173 FORWARD TRUCKING SERVICES (COMMERCIALS) LTD FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2025
FORWARD TRUCKING SERVICES (COMMERCIALS) LTD REGISTERED NUMBER: 09771173 BALANCE SHEET AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 908,687 |  | 853,983
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 428,400 |  | 100 |
Cash at bank and in hand |  | 328 |  | - |
|  | 428,728 |  | 100 |
Creditors: amounts falling due within one year | 7 | (1,397,890) |  | (1,100,983) |
Net current liabilities |  |  | (969,162) |  | (1,100,883)
Total assets less current liabilities |  |  | (60,475) |  | (246,900)
Creditors: amounts falling due after more than one year |  |  | (191,484) |  | -
Provisions for liabilities |  |  |  |  |
Deferred tax | 10 |  | (108,424) |  | (129,425)
Net liabilities |  |  | (360,383) |  | (376,325)
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Profit and loss account |  |  | (360,483) |  | (376,425)
|  |  | (360,383) |  | (376,325)
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
................................................ P A Samuel
Director
Date: 21 July 2026
The notes on pages 2 to 8 form part of these financial statements. Page 1
FORWARD TRUCKING SERVICES (COMMERCIALS) LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Forward Trucking Services (Commercials) Ltd is private company limited by shares incorporated in England and Wales. The address of the registered office is 6 Old Parkbury Lane, Colney Street, St Albans, Hertfordshire, AL2 2DL and the registered number is 09771173. The Company's principal activity is that of haulage and transport contractors. The financial statements are presented in sterling which is the functional currency of the Company and rounded to the nearest £. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
| 2.2 | Going concern
The financial statements have been prepared on a going concern basis, which assumes that the Company will continue in operational existence for the foreseeable future, being at least 12 months from the date of approval of these financial statements. During the year, the Company has experienced cashflow pressures which have impacted its ability to meet liabilities as they fall due. These have primarily arisen from the ongoing servicing of debt within the group related to the MBO. The directors review cashflow forecasts in the short, medium and long term to ensure all future payments can either be made on time or that arrangements have been made with creditors to extend credit terms. In assessing the appropriateness of the going concern basis, the directors have carefully considered these cashflow forecasts and constraints together with the growth the group is experiencing and the wider current economic conditions. The directors have also taken into account the continued financial support available from the parent company, FTS Group Holdings Ltd. The parent has confirmed that, in the event the Company is unable to settle its liabilities as they fall due, it will provide the necessary financial support to enable the Company to continue trading. There can be no certainty in relation to these matters. However, the directors consider it appropriate to prepare the financial statements on the going concern basis.
| 2.3 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Page 2
FORWARD TRUCKING SERVICES (COMMERCIALS) LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.4 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.5 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.6 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.7 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 3
FORWARD TRUCKING SERVICES (COMMERCIALS) LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.7 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance and straight line basis. Depreciation is provided on the following basis:
|  |  |  | Motor vehicles | - | Straight line over 7 to 10 years
|  |  |  | Fleet improvements | - | 25% reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.8 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.9 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.10 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.11 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
3. | Employees
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
Page 4
FORWARD TRUCKING SERVICES (COMMERCIALS) LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
4. | Tangible fixed assets
|  | Motor vehicles | Fleet improvements | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 January 2025 | 877,857 | 47,538 | 925,395
| Additions | 226,090 | 16,887 | 242,977
| Disposals | (36,199) | - | (36,199)
| At 31 December 2025 | 1,067,748 | 64,425 | 1,132,173
| Depreciation |  |  |
| At 1 January 2025 | 67,294 | 4,118 | 71,412
| Charge for the year on owned assets | 3,629 | 14,833 | 18,462
| Charge for the year on financed assets | 138,813 | - | 138,813
| Disposals | (5,201) | - | (5,201)
| At 31 December 2025 | 204,535 | 18,951 | 223,486
| Net book value |  |  |
| At 31 December 2025 | 863,213 | 45,474 | 908,687
| At 31 December 2024 | 810,563 | 43,420 | 853,983
| The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Motor vehicles | 838,209 | 145,755
Page 5
FORWARD TRUCKING SERVICES (COMMERCIALS) LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 4,800 | -
| Amounts owed by group undertakings | 423,500 | -
| Other debtors | 100 | 100
|  | 428,400 | 100
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 328 | -
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 3,179 | -
| Amounts owed to group undertakings | 1,215,599 | 1,100,983
| Other taxation and social security | 10,366 | -
| Obligations under finance lease and hire purchase contracts | 168,746 | -
|  | 1,397,890 | 1,100,983
8. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Net obligations under finance leases and hire purchase contracts | 191,484 | -
Page 6
FORWARD TRUCKING SERVICES (COMMERCIALS) LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
9. | Hire purchase and finance leases
| Minimum lease payments under hire purchase fall due as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Within one year | 168,747 | -
| Between 1-5 years | 191,484 | -
|  | 360,231 | -
| Hire purchase liabilities are secured on the assets to which they relate. Assets with a net book value of £164,678, disclosed as assets held under hire purchase in Note 4, are financed under agreements in the name of a fellow Group company. The associated hire purchase liability relating to these assets, which is not included within the company’s creditors, totalled £131,775 as at 31 December 2025.
10. | Deferred taxation
|  | 2025 | 2024
|  | £ | £
| At beginning of year | 129,425 | -
| Charged to profit or loss | (21,001) | 129,425
| At end of year | 108,424 | 129,425
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | 108,424 | 129,425
Page 7
FORWARD TRUCKING SERVICES (COMMERCIALS) LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
11. | Commitments under operating leases
| At 31 December 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | - | (56,190)
|  | - | (56,190)
12. | Controlling party
The Company's immediate parent company is FTS Group Holdings Ltd, a company registered in England and Wales. The Company's ultimate parent company and controlling party is Pantrad Ltd, a company registered in England and Wales.
13. | Auditors' information
The auditors' report on the financial statements for the year ended 31 December 2025 was unqualified. The audit report was signed on 21 July 2026 by Louise Cherry ACA (Senior Statutory Auditor) on behalf of Hillier Hopkins LLP.
Page 8