AQUMEN FREIGHT MANAGEMENT LIMITED

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 04861439

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	3		126,032		142,083

			126,032		142,083
CURRENT ASSETS
Stocks	4	47,723		32,781
Debtors	5	680,418		721,756
Cash at bank and in hand		19,019		144,706

		747,160		899,243
Creditors: Amounts Falling Due Within One Year	6	(270,780 )		(410,747 )

NET CURRENT ASSETS (LIABILITIES)			476,380		488,496

TOTAL ASSETS LESS CURRENT LIABILITIES			602,412		630,579

NET ASSETS			602,412		630,579

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			602,312		630,479

SHAREHOLDERS' FUNDS			602,412		630,579

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AQUMEN FREIGHT MANAGEMENT LIMITED

Balance Sheet (continued)

As At 30 June 2025

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr John S Stanford Esq

Director

10 September 2026

The notes on pages 3 to 6 form part of these financial statements.

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

1.2. 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 sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	10 years lease
Plant & Machinery	10 % at cost
Motor Vehicles	25% reducing balnce basis
Fixtures & Fittings	20% reducing balnce basis
Computer Equipment	20% reducing balnce basis

1.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

1.5. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

1.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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AQUMEN FREIGHT MANAGEMENT LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

1.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2024: 9)

3. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 July 2024	30,974	120,812	1	351,811
Additions	-	8,140	-	-

As at 30 June 2025	30,974	128,952	1	351,811

Depreciation
As at 1 July 2024	17,607	120,532	-	232,487
Provided during the period	1,485	1,908	-	23,864

As at 30 June 2025	19,092	122,440	-	256,351

Net Book Value
As at 30 June 2025	11,882	6,512	1	95,460

As at 1 July 2024	13,367	280	1	119,324


	Computer Equipment	Total
	£	£
Cost
As at 1 July 2024	91,058	594,656
Additions	7,124	15,264

As at 30 June 2025	98,182	609,920

Depreciation
As at 1 July 2024	81,947	452,573
Provided during the period	4,058	31,315

As at 30 June 2025	86,005	483,888

Net Book Value
As at 30 June 2025	12,177	126,032

As at 1 July 2024	9,111	142,083

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AQUMEN FREIGHT MANAGEMENT LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

4. Stocks

	2025	2024
	£	£
Stock - stock & work in progress	47,723	32,781

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	220,850	430,259
Prepayments and accrued income	96,708	73,263
Other debtors–Savills Rent & Lease Deposits (including interest)	100,446	96,996
Other debtors - Overcharges Suspense	134	99
Other debtors - Employee Advance	800	600
Other debtors - Overcharges Awaiting Credit	580	539
Corporation tax recoverable s.455	35,554	-
Director's current account	105,346	-
Amounts owed by associates	120,000	120,000

	680,418	721,756

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	147,567	144,653
Bank loans and overdrafts	9,623	19,882
Corporation tax	68,726	130,454
Other taxes and social security	3,734	6,859
VAT	14,193	41,561
Director's current account	-	1,651
Other creditors - Pension Control	714	928
Other trade creditors - Credit card	1,416	4,120
Other creditors-Stamp Duty Land Tax	18,407	18,407
Accruals and deferred income	6,400	42,232

	270,780	410,747

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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AQUMEN FREIGHT MANAGEMENT LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

8. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 July 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 30 June 2025
	£	£	£	£	£
Mr John S Stanford Esq	(1,651 )	106,997	-	-	105,346

The above loan is unsecured, interest free and repayable on demand.

Dividends paid to directors

	2025	2024
	£	£
Mr John S Stanford Esq	108,000	85,000

9. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	108,000	85,000

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