Company No: 09781269 (England and Wales)

Contents

• Company Information
• Statement of Financial Position
• Notes to the Financial Statements

DIRECTORS	Jacobus Theodorus Spronk
	Will Todd

REGISTERED OFFICE	5-10 Sparrow Way Lakesview Business Park
	Island Road
	Hersden
	Canterbury
	CT3 4JH
	United Kingdom

COMPANY NUMBER

09781269 (England and Wales)

ACCOUNTANT	Burgess Hodgson Limited
	Camburgh House
	27 New Dover Road
	Canterbury
	Kent
	CT1 3DN
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	407,458		516,242
		407,458		516,242
Current assets
Debtors	5	468,860		1,027,122
Cash at bank and in hand		1,374,203		1,205,192
		1,843,063		2,232,314
Creditors: amounts falling due within one year	6	( 538,957)		( 1,037,944)
Net current assets		1,304,106		1,194,370
Total assets less current liabilities		1,711,564		1,710,612
Creditors: amounts falling due after more than one year	7	( 175,152)		( 292,432)
Provision for liabilities		( 70,400)		( 95,246)
Net assets		1,466,012		1,322,934
Capital and reserves
Called-up share capital		100		100
Profit and loss account		1,465,912		1,322,834
Total shareholders' funds		1,466,012		1,322,934

For the financial year ending 31 December 2025 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Global Freight Management Hersden Limited (registered number: 09781269) were approved and authorised for issue by the Board of Directors on 29 September 2026. They were signed on its behalf by:

Will Todd Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Global Freight Management Hersden Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 5-10 Sparrow Way Lakesview Business Park, Island Road, Hersden, Canterbury, CT3 4JH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the reporting date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	4 years straight line
Vehicles	33.33 % reducing balance
Fixtures and fittings	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors:	43		54

4. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£
Cost
At 01 January 2025	1,429,682		172,738		120,511		1,722,931
Additions	0		87,300		13,916		101,216
Disposals	0		( 113,063)		0		( 113,063)
At 31 December 2025	1,429,682		146,975		134,427		1,711,084
Accumulated depreciation
At 01 January 2025	1,065,576		42,248		98,865		1,206,689
Charge for the financial year	90,899		21,408		7,987		120,294
Disposals	0		( 23,357)		0		( 23,357)
At 31 December 2025	1,156,475		40,299		106,852		1,303,626
Net book value
At 31 December 2025	273,207		106,676		27,575		407,458
At 31 December 2024	364,106		130,490		21,646		516,242

5. Debtors

	2025		2024
	£		£
Trade debtors	231,449		751,359
Other debtors	237,411		275,763
	468,860		1,027,122

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	190,601		539,609
Taxation and social security	177,435		358,750
Obligations under finance leases and hire purchase contracts	121,069		123,787
Other creditors	49,852		15,798
	538,957		1,037,944

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

	2025		2024
	£		£
Bank loans	108,921		0
Obligations under finance leases and hire purchase contracts	66,231		292,432
	175,152		292,432

8. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
At the year end, the Directors owed the company:	169,514		188,998

As at the year end the Director owed the company £169,514 (2024: £188,998). During the year advances of £161,986 (2024: £208,038) were made to the Directors and repayments of £188,998 (2024: £243,449) were made by the Director. Interest of £7,528 (2024: £3,998) was charged on this loan at a rate of 3.36% (2024: 2.25%).

9. Operating Leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
Not later than 1 year	636,659		651,945
Later than 1 year and not later than 5 years	2,546,636		2,546,636
Later than 5 years	0		636,659
	3,183,295		3,835,240

10. Ultimate controlling party

The company's ultimate parent company is Carmic Beheer B.V. a company incorporated in Holland and whose registered office address is Pastoor Rijnderslaan 7, 5953 EP Reuver, Netherlands.