NETWORK INTERNATIONAL CARGO UK LIMITED

Company Registration Number:
08784867 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2021

Period of accounts

Start date: 01 January 2021

End date: 31 December 2021

NETWORK INTERNATIONAL CARGO UK LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2021

Balance sheet
Notes

NETWORK INTERNATIONAL CARGO UK LIMITED

Balance sheet

As at 31 December 2021


Notes

2021

2020


£

£
Fixed assets
Tangible assets: 3 54,535 70,063
Total fixed assets: 54,535 70,063
Current assets
Debtors:   645,521 423,261
Cash at bank and in hand: 138,437 24,896
Total current assets: 783,958 448,157
Creditors: amounts falling due within one year: 4 (698,261) (412,123)
Net current assets (liabilities): 85,697 36,034
Total assets less current liabilities: 140,232 106,097
Total net assets (liabilities): 140,232 106,097
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 140,132 105,997
Shareholders funds: 140,232 106,097

The notes form part of these financial statements

NETWORK INTERNATIONAL CARGO UK LIMITED

Balance sheet statements

For the year ending 31 December 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 June 2022
and signed on behalf of the board by:

Name: Edward Bowes
Status: Director

The notes form part of these financial statements

NETWORK INTERNATIONAL CARGO UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

NETWORK INTERNATIONAL CARGO UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

2. Employees

2021 2020
Average number of employees during the period 17 12

NETWORK INTERNATIONAL CARGO UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

3. Tangible Assets

Total
Cost £
At 01 January 2021 89,196
Additions 2,837
At 31 December 2021 92,033
Depreciation
At 01 January 2021 19,133
Charge for year 18,365
At 31 December 2021 37,498
Net book value
At 31 December 2021 54,535
At 31 December 2020 70,063

NETWORK INTERNATIONAL CARGO UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

4. Creditors: amounts falling due within one year note

CreditorsAmounts falling due within one year 2021 2020Trade Creditors 64,460 9,577Amounts owed to group undertakings 100,000 100,000Taxation (Note 7) 37,077 26,213Accruals 496,724 276,333 698,261 412,123

NETWORK INTERNATIONAL CARGO UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

5. Related party transactions

Name of the related party: Network International Cargo Limited
Relationship:
Associate company
Description of the Transaction: Amounts owed by Group undertakings
£
Balance at 01 January 2021 34,472
Balance at 31 December 2021 95,559

NETWORK INTERNATIONAL CARGO UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

6. Post balance sheet events

The Directors are confident that , for the foreseeable future, the company will have sufficient liquid assets to meet its obligations as they fall due. We are currently living in a period of uncertainty, with external impacts (including increased energy costs and inflation) which are affecting all businesses. The Directors will continue to monitor these impacts and respond appropriately to any changes.