Registration number: 10483052

Global Freight Logistics Ltd

Contents

Company Information	1
Director's Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 9

Global Freight Logistics Ltd

Company Information

Director

Mr Richard Lee Pankhurst

Company secretary

Mrs Samantha Jane Pankhurst

Registered office

Astra House Southfields Business Park Christy Way Basildon Essex SS15 6TQ

Global Freight Logistics Ltd

Director's Report for the Year Ended 30 November 2025

The director presents his report and the financial statements for the year ended 30 November 2025.

Director of the company

The director who held office during the year was as follows:

Mr Richard Lee Pankhurst

Principal activity

The principal activity of the company is sea and coastal freight water transport

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 23 April 2026
 

......................................... Mr Richard Lee Pankhurst Director

Global Freight Logistics Ltd

(Registration number: 10483052)
Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	19,323	18,569
Current assets
Debtors	5	374,258	477,795
Cash at bank and in hand		1,336,361	1,187,021
		1,710,619	1,664,816
Creditors: Amounts falling due within one year	6	(837,144)	(701,172)
Net current assets		873,475	963,644
Total assets less current liabilities		892,798	982,213
Provisions for liabilities		(4,831)	(4,642)
Net assets		887,967	977,571
Capital and reserves
Called up share capital	7	2	2
Retained earnings		887,965	977,569
Shareholders' funds		887,967	977,571

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

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account and Director's Report.

Approved and authorised by the director on 23 April 2026
 

......................................... Mr Richard Lee Pankhurst Director

Global Freight Logistics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 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:
Astra House
Southfields Business Park
Christy Way
Basildon
Essex
SS15 6TQ
England

These financial statements were authorised for issue by the director on 23 April 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.

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.

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.

Global Freight Logistics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

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
Plant and machinery	20 % on cost

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.

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.

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.

Global Freight Logistics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

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.

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.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 12 (2024 - 11).

Global Freight Logistics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

4	Tangible assets

	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 December 2024	13,569	13,044	26,613
Additions	6,606	1,041	7,647
At 30 November 2025	20,175	14,085	34,260
Depreciation
At 1 December 2024	3,855	4,189	8,044
Charge for the year	3,966	2,927	6,893
At 30 November 2025	7,821	7,116	14,937
Carrying amount
At 30 November 2025	12,354	6,969	19,323
At 30 November 2024	9,714	8,855	18,569

5

Debtors

Current	Note	2025 £	2024 £
Trade debtors		215,271	315,896
Amounts owed by related parties	9	25,112	23,933
Other debtors		133,875	137,966
		374,258	477,795

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	811,196	625,076
Taxation and social security	9,463	59,796
Other creditors	16,485	16,300
	837,144	701,172

7	Share capital

Allotted, called up and fully paid shares

Global Freight Logistics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

	2025		2024
	No.	£	No.	£
Ordinary share of £1 each	1	1	1	1
Ordinary share of £1 each	1	1	1	1
	2	2	2	2

8	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	39,000	-
Later than one year and not later than five years	39,000	-
	78,000	-

The amount of non-cancellable operating lease payments recognised as an expense during the year was £55,346 (2024 - £50,231).

9	Related party transactions

Global Freight Logistics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Director's remuneration

The director's remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	12,570	12,570
Contributions paid to money purchase schemes	24,000	16,500
	36,570	29,070

Loans to related parties

2025	Other related parties £	Total £
At start of period	56,336	56,336
Repaid	(5,556)	(5,556)
At end of period	50,780	50,780

2024	Other related parties £	Total £
At start of period	35,323	35,323
Advanced	21,013	21,013
At end of period	56,336	56,336

Terms of loans to related parties

Loan to other related parties due within one year

10	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	39,000	-
Later than one year and not later than five years	39,000	-
	78,000	-

The amount of non-cancellable operating lease payments recognised as an expense during the year was £55,346 (2024 - £50,231).