REGISTERED NUMBER: 02685525 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026

FOR

ASSOCIATED FREIGHT SERVICES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

G P Moriarty

SECRETARY:

Mrs D Bentley

REGISTERED OFFICE:

6 Green Lane Business Park

238 Green Lane

New Eltham

London

SE9 3TL

REGISTERED NUMBER:

02685525 (England and Wales)

ACCOUNTANTS:

Andrew Cross & Co.

Chartered Certified Accountants

6 Green Lane Business Park

238 Green Lane

New Eltham

London

SE9 3TL

FIXED ASSETS

Tangible assets

4

25,226

45,581

CURRENT ASSETS

Stocks

10,000

10,000

Debtors

5

319,115

228,142

Cash at bank and in hand

79,129

82,381

408,244

320,523

CREDITORS

Amounts falling due within one year

6

320,076

303,639

NET CURRENT ASSETS

88,168

16,884

TOTAL ASSETS LESS CURRENT LIABILITIES

113,394

62,465

CREDITORS

Amounts falling due after more than one year

7

19,350

42,537

NET ASSETS

94,044

19,928

CAPITAL AND RESERVES

Called up share capital

8

107

107

Retained earnings

93,937

19,821

SHAREHOLDERS' FUNDS

94,044

19,928

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 September 2026 and were signed by:

G P Moriarty - Director

1.	STATUTORY INFORMATION

Associated Freight Services 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents net invoiced sales of freight, packing and related services, excluding value added tax.

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 etc

-

25% on reducing balance

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 stocks to their present location and condition.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2025 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2025

119,343

Additions

1,254

Disposals

(19,907

)

At 28 February 2026

100,690

DEPRECIATION

At 1 March 2025

73,762

Charge for year

8,545

Eliminated on disposal

(6,843

)

At 28 February 2026

75,464

NET BOOK VALUE

At 28 February 2026

25,226

At 28 February 2025

45,581

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

188,585

143,576

Other debtors

130,530

84,566

319,115

228,142

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

10,849

10,864

Hire purchase contracts

-

9,074

Trade creditors

257,009

232,319

Taxation and social security

49,818

48,982

Other creditors

2,400

2,400

320,076

303,639

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans

19,350

42,537

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100

4

Ordinary B

£1

4

4

2

Ordinary C

£1

2

2

106

106

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2026 and 28 February 2025:

2026

2025

£

£

G P Moriarty

Balance outstanding at start of year

47,370

70,498

Amounts advanced

51,780

-

Amounts repaid

-

(23,128

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

99,150

47,370