FAST UK PARCEL LTD - Filleted accounts

Registered number

07654799

FAST UK PARCEL LTD

Filleted Accounts

31 March 2026

FAST UK PARCEL LTD
Registered number:		07654799
Balance Sheet
as at 31 March 2026

	Notes		2026		2025
			£		£
Fixed assets
Tangible assets	3		21,995		25,404

Current assets
Debtors	4	4,520,463		4,541,280
Cash at bank and in hand		485,608		537,086
		5,006,071		5,078,366

Creditors: amounts falling due within one year	5	(2,034,712)		(2,109,633)

Net current assets			2,971,359		2,968,733

Net assets			2,993,354		2,994,137

Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			2,992,354		2,993,137

Shareholders' funds			2,993,354		2,994,137


The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Thalita Masiero
Director
Approved by the board on 28 August 2026

FAST UK PARCEL LTD
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold land and buildings		over the lease term (10 years)
	Office Equipment		over 3 years
	Motor Vans		over 3 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026	2025
				Number	Number

	Average number of persons employed by the company			26	23

















3	Tangible fixed assets
		Land and buildings	Plant and machinery etc	Motor vehicles	Total
		£	£	£	£
	Cost
	At 1 April 2025	23,758	46,084	609,717	679,559
	Additions	-	1,557	-	1,557
	At 31 March 2026	23,758	47,641	609,717	681,116

	Depreciation
	At 1 April 2025	3,291	41,147	609,717	654,155
	Charge for the year	2,376	2,590	-	4,966
	At 31 March 2026	5,667	43,737	609,717	659,121

	Net book value
	At 31 March 2026	18,091	3,904	-	21,995
	At 31 March 2025	20,467	4,937	-	25,404


4	Debtors			2026	2025
				£	£

	Trade debtors			1,292,319	1,500,795
	Prepayments			700,453	842,767
	Deposits			206,623	206,623
	Deferred income			34,991	51,700
	Other debtors			2,286,077	1,939,395
				4,520,463	4,541,280


5	Creditors: amounts falling due within one year			2026	2025
				£	£

	Credit cards			20,589	18,060
	Trade creditors			1,544,148	1,596,631
	Accruals			20,389	40,841
	Taxation and social security costs			340,971	445,250
	Other creditors			108,615	8,851
				2,034,712	2,109,633


6	Other financial commitments			2026	2025
				£	£

	Total future minimum payments under non-cancellable operating leases			-	269,760



7	Related party transactions

		Net value of good and services (sold) / purchased by the company		Balances included within (other creditors) / other debtors at year end


		2026	2025	2026	2025
		£	£	£	£

	TB Flex Ltd	1,031,466	1,142,870	- 22,128	97,561
	Flex Hire Ltd	1,899,878	3,895,763	716,184	228,951
	Moumasi Properties Ltd	75,600	50,400	1,174,479	1,138,479
	Liber Logistics Ltd	-	-	- 77,636	73,735
	Unic Coffee Ltd	-	500	295,361	337,708
	Mulier Coffee	-	-	3,053	4,012
		3,006,944	5,089,533	2,089,313	1,880,446

	TB Flex Ltd and Flex Hire Ltd are all owned by Mr B Masiero who is also the Company Director for both companies.

	Moumasi Properties Ltd is owned in equal shares by Mr B and Mrs T Masiero, who are also Directors.

	Liber Logistics Ltd and Unic Coffee Ltd are all 100% owned by Mrs F Masiero who is also the Company Director for both companies.

	All above loans are interest free. All loans are repayable on demand.

	In addition to the above stated transactions, the company holds the property lease for TB Flex Ltd in trust, and recharged associated Rent, Service Charge, Insurance and Electricity to TB Flex Ltd of £123,581 (2024: £77,2535), which is inlcuded in Other Operating Income. The company loaned £94,000 to the Directors, which was fully repaid a the date of signing the accounts.


8	Controlling party

	The ultimate controlling parties are Mr B and Mrs T Masiero by virtue of their equal shareholding in the company.


9	Other information

	FAST UK PARCEL LTD is a private company limited by shares and incorporated in England. Its registered office is:
	Airport House
	Purley Way
	Croydon
	CR0 0XZ