Quality Freight Limited 31/12/2025 iXBRL

Company registration number: NI029307

Quality Freight Limited

Filleted financial statements

for the financial period ending 31 December 2025

Quality Freight Limited

Contents

Directors and other information

Directors report

Balance sheet

Notes to the financial statements

Quality Freight Limited

Directors and other information


	Directors	Trevor Dumbleton
		Colin Dumbleton
		Roger Barham


	Secretary	Anneka Kelly


	Company number	NI029307


	Registered office	Unit E & F
		Muir Building
		427 Holywood Road
		Belfast
		BT4 2LT


	Business address	Unit E & F
		Muir Building
		427 Holywood Road
		Belfast
		BT4 2LT


	Auditor	Jones Peters
		Hughes House
		6/7 Church Street
		Banbridge
		Co Down
		BT32 4AA




	Bankers	Danske Bank Limited
		Donegall Square West
		Belfast
		BT1 6JS

Quality Freight Limited

Directors report

Period ended 31 December 2025

The directors present their report and the financial statements of the company for the period ended 31 December 2025.

Directors

The directors who served the company during the period were as follows:

Trevor Dumbleton

Colin Dumbleton

Roger Barham

Directors responsibilities statement

The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial period. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgments and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

Each of the persons who is a director at the date of approval of this report confirms that:

- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information.

The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 01 June 2026 and signed on behalf of the board by:

Trevor Dumbleton

Director

Quality Freight Limited

Balance sheet

31 December 2025

		31/12/25		31/10/24
	Note	£	£	£	£

Fixed assets
Tangible assets	6	39,949		17,352
		_______		_______
			39,949		17,352

Current assets
Debtors	7	312,251		488,581
Cash at bank and in hand		476,801		358,686
		_______		_______
		789,052		847,267
Creditors: amounts falling due
within one year	8	( 449,514)		( 672,661)
		_______		_______
Net current assets			339,538		174,606
			_______		_______
Total assets less current liabilities			379,487		191,958

Creditors: amounts falling due
after more than one year	9		( 28,166)		-
			_______		_______
Net assets			351,321		191,958
			_______		_______

Capital and reserves
Called up share capital	10		101		101
Profit and loss account			351,220		191,857
			_______		_______
Shareholders funds			351,321		191,958
			_______		_______

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 01 June 2026 , and are signed on behalf of the board by:

Roger Barham Trevor Dumbleton

Director Director

Company registration number: NI029307

Quality Freight Limited

Notes to the financial statements

Period ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Unit E & F, Muir Building, 427 Holywood Road, Belfast, BT4 2LT.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

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

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fixtures and fittings	-	15 %	straight line
Plant and machinery	-	20 %	straight line
Leased assets	-	25 %	straight line
Motor vehicles	-	20 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date by the directors, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 6 (2024: 6 ).

5. Tax on profit

Major components of tax expense

	Period	Year
	ended	ended
	31/12/25	31/10/24
	£	£
Current tax:
UK current tax expense	56,192	68,960
Adjustments in respect of previous periods	-	159
	_______	_______
Tax on profit	56,192	69,119
	_______	_______

Reconciliation of tax expense

	Period	Year
	ended	ended
	31/12/25	31/10/24
	£	£
Profit before taxation	215,555	290,353
	_______	_______

Profit multiplied by rate of tax	53,889	72,588
Adjustments in respect of prior periods	-	159
Effect of capital allowances and depreciation	2,303	( 3,628)
	_______	_______
Tax on profit	56,192	69,119
	_______	_______

6. Tangible assets

	Motor vehicles	Fixtures, fittings and equipment	Plant and machinery	Leased assets	Total
	£	£	£	£	£
Cost
At 1 November 2024	-	18,791	27,145	15,000	60,936
Additions	37,861	-	-	-	37,861
	_______	_______	_______	_______	_______
At 31 December 2025	37,861	18,791	27,145	15,000	98,797
	_______	_______	_______	_______	_______
Depreciation
At 1 November 2024	-	14,506	14,078	15,000	43,584
Charge for the year	8,676	2,855	3,733	-	15,264
	_______	_______	_______	_______	_______
At 31 December 2025	8,676	17,361	17,811	15,000	58,848
	_______	_______	_______	_______	_______
Carrying amount
At 31 December 2025	29,185	1,430	9,334	-	39,949
	_______	_______	_______	_______	_______
At 31 October 2024	-	4,285	13,067	-	17,352
	_______	_______	_______	_______	_______

7. Debtors

	31/12/25	31/10/24
	£	£
Trade debtors	234,524	415,634
Prepayments and accrued income	10,377	5,597
Amounts owed by group undertakings	67,350	67,350
	_______	_______
	312,251	488,581
	_______	_______

8. Creditors: amounts falling due within one year

	31/12/25	31/10/24
	£	£
Trade creditors	200,417	365,431
Accruals and deferred income	161,137	226,660
Corporation tax	56,124	70,430
Social security and other taxes	26,403	10,140
Obligations under hire purchase	5,433	-
	_______	_______
	449,514	672,661
	_______	_______

9. Creditors: amounts falling due after more than one year

	31/12/25	31/10/24
	£	£
Obligations under hire purchase	28,166	-
	_______	_______

10. Called up share capital

Issued, called up and fully paid

	31/12/25		31/10/24
	No	£	No	£
Ordinary shares of £ 1.00 each	101	101	101	101
	_______	_______	_______	_______

11. Summary audit opinion

The auditor's report dated 01 June 2026 was unqualified.

The senior statutory auditor was Paul Cummings for and on behalf of Jones Peters