REGISTERED NUMBER: 04457478 (England and Wales)

Audited Financial Statements

for the Year Ended 31 December 2025

for

Aztek International Freight Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

S Williams

REGISTERED OFFICE:

Albion House

64 Vicar Lane

Bradford

West Yorkshire

BD1 5AH

REGISTERED NUMBER:

04457478 (England and Wales)

AUDITORS:

Stirk Lambert & Co

Chartered Accountants

Statutory Auditors

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

1,519

17,700

1,519

17,700

CURRENT ASSETS

Work-in-progress

166,042

82,103

Debtors

7

910,913

2,377,411

Cash at bank and in hand

981,827

341,837

2,058,782

2,801,351

CREDITORS

Amounts falling due within one year

8

1,219,691

2,087,399

NET CURRENT ASSETS

839,091

713,952

TOTAL ASSETS LESS CURRENT LIABILITIES

840,610

731,652

CAPITAL AND RESERVES

Called up share capital

2,700

2,700

Capital redemption reserve

1,000

1,000

Retained earnings

836,910

727,952

SHAREHOLDERS' FUNDS

840,610

731,652

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 August 2026 and were signed by:

S Williams - Director

1.	STATUTORY INFORMATION

Aztek International Freight Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a basis other than the going concern basis, as the directors do not expect the company to continue trading for the foreseeable future.

The company's trade will be transferred to and integrated within the parent company, following which the company will cease trading as a separate legal entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life which the directors consider to be 20 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

33% on cost

Fixtures and fittings

-

20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work-in-progress to their present location and condition.

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss and any subsequent reversal is recognised in the profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled. or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables and bank loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

400,000

AMORTISATION

At 1 January 2025

and 31 December 2025

400,000

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

117,024

35,610

152,634

DEPRECIATION

At 1 January 2025

103,367

31,567

134,934

Charge for year

12,902

3,279

16,181

At 31 December 2025

116,269

34,846

151,115

NET BOOK VALUE

At 31 December 2025

755

764

1,519

At 31 December 2024

13,657

4,043

17,700

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

859,444

2,275,940

Other debtors

9,081

9,064

Tax

-

43,890

VAT

31,621

41,079

Deferred tax asset

2,458

-

Prepayments

8,309

7,438

910,913

2,377,411

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

936,361

1,693,932

Social security and other taxes

7,476

54,977

Other creditors

3,207

3,208

Accrued expenses

272,647

335,282

1,219,691

2,087,399

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25

31.12.24

£

£

Within one year

12,650

16,286

Between one and five years

-

6,349

12,650

22,635

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

We draw attention to Note 3 to the financial statements, which explains that the financial statements have been prepared on a basis other than the going concern basis because the company is expected to cease trading following the transfer of its trade to the parent company. Our opinion is not modified in respect of this matter.

Steve McGevor (Senior Statutory Auditor)

for and on behalf of Stirk Lambert & Co

11.	CONTINGENT LIABILITIES

Bank of Scotland have issued a H M Revenue and Customs Duty Deferment Guarantee on behalf of the company, up to a maximum liability of £114,000, and the company has given the bank a counter indemnity which indemnifies the bank against any claim under the guarantee.

12.	ULTIMATE CONTROLLING PARTY

The immediate parent company is Cargo-Partner Overland B.V., a company incorporated in the Netherlands. The companies address is Ada Byronweg 17,NL-6045 GM Roermond, Roermond 6720.

The ultimate controlling parent company is Nippon Express Holdings, INC. A company incorporated in Tokyo Japan. The companies address is Kanda-Izumicho 2 Chiyoda-Ku, Tokyo, Japan.

The beneficial owner is Nippon Express Holdings, INC a public limited company.