JAG-UFS (INTERNATIONAL) LIMITED

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Iver Accountancy Ltd

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, I have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work I have performed, I have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Group structure

1. JAG-UFS (INTERNATIONAL) LIMITED · parent
   1. Worldspan Freight Services Ltd 81% · England
   2. Euro Asia Maritime Agencies Ltd 76% · England

Significant events

• “The business has performed well during the year given the market conditions (global conflicts, political uncertainty linked to the new US tariffs introduced post-election, cost of living challenges and the wider global economy) and fluctuations in overall global demand areas for key products.”
• “Fluctuating foreign exchange rate are a key financial risk in cross- border trade, particularly when currency values are volatile and given other risks as identified herein.”
• “Brexit related compliance (linked to market uncertainty with legislation or systems being changed at Government Level) is therefore ongoing and this remains a focus area for the Group through its management, knowledge and specific measures.”
• “Global and Political stability are discussed regularly at Board level and the Geographic strategy of the business is flexible to allow any significant events to be incorporated. The core markets and operations for the company have remained outside the direct impact from the Ukraine Russia conflict on local economies. The Gaza Israel conflict has impacted on shipping routes, primarily the Red Sea, and for wider global stability and overall spending. This has led to rerouting meaures, adjusting transit and vessel speeds.”
• “US tariff that have been introduced (toward the end of financial year and after the US election) Which have been impacted on the market activity and the import or export levels between the relevant countries and USA.”
• “The primary and acute phase of the impact of COVID on the business has now passed, however the wider effects do continue to impact on global trade, particularly in the Far East-UK imports market.”
• “Disrupted supply chain- labour shortages and slowed production continue to affect shipping timelines. Port Congestion- backlog from the pandemic have caused delays in shipment schedules and increased transit times- these remains ongoing. Increased freight rates- high demand and reduced container availability have maintained higher freight costs and fluctuations on prices are regular.”
• “There have been no other significant events effecting the company since the year end other than the Global Conflicts and political events as referred to in the Director's report (and the related impact on shipping routes.)”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.