Registration number: 03724589

Freight Direct Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 8

Freight Direct Limited

Company Information

Directors

Mr SR Pettifer Mr GM Purchase

Company secretary

Mrs TJE Purchase

Registered office

Kumara Sea View Road St. Margarets Bay Dover Kent England CT15 6EE

Freight Direct Limited

(Registration number: 03724589)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	2,107	2,520
Investment property	6	169,607	163,108
		171,714	165,628
Current assets
Debtors	8	100,686	160,214
Other financial assets	7	753,868	708,940
Cash at bank and in hand		217,458	198,385
		1,072,012	1,067,539
Creditors: Amounts falling due within one year	9	(223,444)	(301,707)
Net current assets		848,568	765,832
Total assets less current liabilities		1,020,282	931,460
Provisions for liabilities		(527)	(630)
Net assets		1,019,755	930,830
Capital and reserves
Called up share capital	10	124	124
Profit and loss account - non distributable		32,061	25,562
Retained earnings		987,570	905,144
Shareholders' funds		1,019,755	930,830

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 September 2026 and signed on its behalf by:
 

......................................... Mr SR Pettifer Director

......................................... Mr GM Purchase Director

Freight Direct Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Kumara
Sea View Road
St. Margarets Bay
Dover
Kent
CT15 6EE
England

These financial statements were authorised for issue by the Board on 30 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Revenue based grants are released to the Profit and Loss Account as and when the relevant expenditure has been incurred.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Freight Direct Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance
Fixtures and fittings	15% reducing balance
Motor vehicles	25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Amortisation

Asset class	Amortisation method and rate
Goodwill	Straight Line over five years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Freight Direct Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2025 - 3).

4	Profit before tax

Arrived at after charging/(crediting)

	2026 £	2025 £
Depreciation expense	413	501
Income from shares in group undertakings	(18,850)	-

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2025	4,897	2,000	6,897
At 31 March 2026	4,897	2,000	6,897
Depreciation
At 1 April 2025	2,733	1,644	4,377
Charge for the year	324	89	413
At 31 March 2026	3,057	1,733	4,790
Carrying amount
At 31 March 2026	1,840	267	2,107
At 31 March 2025	2,164	356	2,520

Freight Direct Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

6	Investment properties

	2026 £
At 1 April	163,108
Fair value adjustments	6,499
At 31 March	169,607

There has been no valuation of investment property by an independent valuer.

7	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Current financial assets
Cost or valuation
At 1 April 2025	708,940	708,940
Revaluations	55,807	55,807
Disposals	(10,879)	(10,879)
At 31 March 2026	753,868	753,868
Carrying amount
At 31 March 2026	753,868	753,868

8

Debtors

	2026 £	2025 £
Trade debtors	37,123	34,016
Other debtors	63,563	126,198
Total current trade and other debtors	100,686	160,214

Freight Direct Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

9

Creditors

	Note	2026 £	2025 £
Due within one year
Trade creditors		43,694	26,444
Directors' current accounts	11	129	-
Taxation and social security		143,450	234,105
Other creditors		36,171	41,158
		223,444	301,707

10	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary A shares of £1 each	100	100	100	100
Ordinary B shares of £1 each	20	20	20	20
Ordinary C shares of £1 each	4	4	4	4
	124	124	124	124

Freight Direct Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

11	Related party transactions

Transactions with directors

2026	At 1 April 2025 £	Advances to director £	Repayments by director £	At 31 March 2026 £
Mr SR Pettifer
	255	50,255	(50,255)	255
	-	-	-	-
	255	50,255	(50,255)	255
Mr GM Purchase
	211	50,456	(50,667)	-
	-	-	-	-
	211	50,456	(50,667)	-

2025	At 1 April 2024 £	Advances to director £	Repayments by director £	At 31 March 2025 £
Mr SR Pettifer
	66	50,189	(50,000)	255
	-	-	-	-
	66	50,189	(50,000)	255
Mr GM Purchase
	-	50,561	(50,350)	211
	-	-	-	-
	-	50,561	(50,350)	211

Advances to the directors and the debit balances on their loan accounts are repayable on the company's demand. Interest is charged on the debit balances at the average official rate as published by HM Revenue and Customs.