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Company No: 06375736 (England and Wales)

# COURIERFORCE LOGISTICS LIMITED

### Unaudited Financial Statements
For the financial year ended 30 September 2025
Pages for filing with the registrar

COURIERFORCE LOGISTICS LIMITED

## Unaudited Financial Statements

For the financial year ended 30 September 2025

Contents

COURIERFORCE LOGISTICS LIMITED

## BALANCE SHEET

As at 30 September 2025
COURIERFORCE LOGISTICS LIMITED

## BALANCE SHEET (continued)

As at 30 September 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 | 145,202 |  | 222,120
|  | 145,202 |  | 222,120
Current assets |  |  |  |
Stocks |  | 2,800 |  | 2,800
Debtors | 5 | 285,637 |  | 306,713
Cash at bank and in hand |  | 43,823 |  | 41,546
|  | 332,260 |  | 351,059
Creditors: amounts falling due within one year | 6 | ( 477,278) |  | ( 476,888)
Net current liabilities |  | (145,018) |  | (125,829)
Total assets less current liabilities |  | 184 |  | 96,291
Creditors: amounts falling due after more than one year | 7 | ( 59,075) |  | ( 74,811)
Provision for liabilities |  | ( 20,451) |  | ( 37,634)
Net liabilities |  | ( 79,342) |  | ( 16,154)
Capital and reserves |  |  |  |
Called-up share capital | 8 | 600 |  | 600
Profit and loss account |  | ( 79,942 ) |  | ( 16,754 )
Total shareholder's deficit |  | ( 79,342) |  | ( 16,154)

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

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges 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 CourierForce Logistics Limited (registered number: 06375736) were approved and authorised for issue by the Director on 06 July 2026. They were signed on its behalf by:

Mr R A Mackenzie Director |

COURIERFORCE LOGISTICS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2025
COURIERFORCE LOGISTICS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2025

##### 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

CourierForce Logistics 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 1 Meadow Close, Langage Business Park, Plymouth, PL7 5EX, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

##### Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £79,342. The company is supported through external funding, including bank borrowings and finance agreements. The director has confirmed that these funding facilities are expected to continue to be available for at least 12 months from the date of signing these financial statements. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

##### Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

##### 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 Balance Sheet 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Website costs | 5 years straight line

##### 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:

Land and buildings | 10 years straight line
Plant and machinery | 5 years straight line
Vehicles | 25 % reducing balance
Fixtures and fittings | 5 years straight line
Office equipment | 3 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.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Provision is made for obsolete, slow-moving or defective items where appropriate.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 5 |  | 5

#### 3. Intangible assets

| Website costs |  | Total
| £ |  | £
Cost |  |  |
At 01 October 2024 | 4,900 |  | 4,900
At 30 September 2025 | 4,900 |  | 4,900
Accumulated amortisation |  |  |
At 01 October 2024 | 4,900 |  | 4,900
At 30 September 2025 | 4,900 |  | 4,900
Net book value |  |  |
At 30 September 2025 | 0 |  | 0
At 30 September 2024 | 0 |  | 0

#### 4. Tangible assets

| Land and buildings |  | Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |  |  |
At 01 October 2024 | 47,595 |  | 29,913 |  | 506,917 |  | 794 |  | 13,598 |  | 598,817
Additions | 0 |  | 0 |  | 17,500 |  | 0 |  | 648 |  | 18,148
Disposals | 0 |  | 0 |  | ( 118,690) |  | 0 |  | 0 |  | ( 118,690)
At 30 September 2025 | 47,595 |  | 29,913 |  | 405,727 |  | 794 |  | 14,246 |  | 498,275
Accumulated depreciation |  |  |  |  |  |  |  |  |  |  |
At 01 October 2024 | 33,124 |  | 29,666 |  | 299,515 |  | 794 |  | 13,598 |  | 376,697
Charge for the financial year | 4,759 |  | 148 |  | 30,083 |  | 0 |  | 171 |  | 35,161
Disposals | 0 |  | 0 |  | ( 58,785) |  | 0 |  | 0 |  | ( 58,785)
At 30 September 2025 | 37,883 |  | 29,814 |  | 270,813 |  | 794 |  | 13,769 |  | 353,073
Net book value |  |  |  |  |  |  |  |  |  |  |
At 30 September 2025 | 9,712 |  | 99 |  | 134,914 |  | 0 |  | 477 |  | 145,202
At 30 September 2024 | 14,471 |  | 247 |  | 207,402 |  | 0 |  | 0 |  | 222,120

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 102,942 |  | 147,332
Amounts owed by associates | 14,100 |  | 18,398
Amounts owed by director | 66,730 |  | 46,980
Prepayments | 8,549 |  | 8,549
Other debtors | 93,316 |  | 85,454
| 285,637 |  | 306,713

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans (secured £ 103,328) | 116,328 |  | 96,194
Trade creditors | 97,709 |  | 85,390
Accruals | 4,010 |  | 3,907
Corporation tax | 42,854 |  | 62,387
Other taxation and social security | 131,851 |  | 98,524
Obligations under finance leases and hire purchase contracts (secured) | 65,249 |  | 115,412
Other creditors | 19,277 |  | 15,074
| 477,278 |  | 476,888

The company has a factoring agreement with RBS. The facility is secured by a fixed charge over trade receivables and a floating charge over all other assets.

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

| 2025 |  | 2024
| £ |  | £
Bank loans | 43,422 |  | 27,611
Obligations under finance leases and hire purchase contracts (secured) | 15,653 |  | 47,200
| 59,075 |  | 74,811

Hire purchase contracts are secured over the assets to which they relate.

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
600 Ordinary shares of £ 1.00 each | 600 |  | 600

#### 9. Related party transactions

Transactions with the entity's director

| 2025 |  | 2024
| £ |  | £
Opening balance | 46,980 |  | 32,460
Advances to director | 50,464 |  | 45,708
Loan repayments | (32,009) |  | (32,172)
Interest charged | 1,295 |  | 984
| 0 |  | 0
Closing balance | 66,730 |  | 46,980
| 0 |  | 0

CourierForce Logistics Limited operates a loan account with its director. The loan has no fixed date of repayment and bears interest at the rate stipulated by HMRC on any amounts exceeding £10,000.