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Registration number: 09223832

Ali Transport Solutions Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2021

 

Ali Transport Solutions Ltd

Contents

Company Information

1

Director's Report

2

Statement of Director's Responsibilities

3

Balance Sheet

4 to 5

Notes to the Unaudited Financial Statements

6 to 12

 

Ali Transport Solutions Ltd

Company Information

Director

Mr Rafal Pukszta

Registered office

112 Deer Park Road
Tamworth
Fazeley
B78 3SZ

Accountants

KNBC Accounting Ltd
Third Floor
12 Groveland Court
London
EC4M 9EH

 

Ali Transport Solutions Ltd

Director's Report for the Year Ended 30 September 2021

The director presents his report and the financial statements for the year ended 30 September 2021.

Director of the company

The director who held office during the year was as follows:

Mr Rafal Pukszta

Principal activity

The principal activity of the company is transportation.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the director on 14 September 2022 and signed on its behalf by:

.........................................
Mr Rafal Pukszta
Director

 

Ali Transport Solutions Ltd

Statement of Director's Responsibilities

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

Ali Transport Solutions Ltd

(Registration number: 09223832)
Balance Sheet as at 30 September 2021

Note

2021
£

2020
£

Fixed assets

 

Tangible assets

4

3,557

804

Current assets

 

Debtors

5

8,749

24,341

Cash at bank and in hand

 

182

61

 

8,931

24,402

Creditors: Amounts falling due within one year

6

(4,371)

(19,826)

Net current assets

 

4,560

4,576

Total assets less current liabilities

 

8,117

5,380

Creditors: Amounts falling due after more than one year

6

(8,000)

(10,091)

Provisions for liabilities

-

(153)

Net assets/(liabilities)

 

117

(4,864)

Capital and reserves

 

Called up share capital

7

100

100

Profit and loss account

17

(4,964)

Shareholders' funds/(deficit)

 

117

(4,864)

 

Ali Transport Solutions Ltd

(Registration number: 09223832)
Balance Sheet as at 30 September 2021

For the financial year ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 14 September 2022
 

.........................................

Mr Rafal Pukszta
Director

 

Ali Transport Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
112 Deer Park Road
Tamworth
Fazeley
B78 3SZ

These financial statements were authorised for issue by the director on 14 September 2022.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Tax

The tax expense for the period comprises current 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.

 

Ali Transport Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021

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.

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

Computer Equipment

33% Straight Line Method

Office Equipment

33% Straight Line Method

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.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Ali Transport Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2020 - 4).

 

Ali Transport Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2020

1,426

1,426

Additions

4,727

4,727

Disposals

(1,088)

(1,088)

At 30 September 2021

5,065

5,065

Depreciation

At 1 October 2020

622

622

Charge for the year

1,821

1,821

Eliminated on disposal

(935)

(935)

At 30 September 2021

1,508

1,508

Carrying amount

At 30 September 2021

3,557

3,557

At 30 September 2020

804

804

 

Ali Transport Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021

5

Debtors

2021
£

2020
£

Trade debtors

-

2,100

Other debtors

8,749

22,241

8,749

24,341

 

Ali Transport Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021

6

Creditors

Creditors: amounts falling due within one year

Note

2021
£

2020
£

Due within one year

 

Loans and borrowings

8

2,136

544

Trade creditors

 

1,376

-

Taxation and social security

 

706

8,790

Other creditors

 

153

10,492

 

4,371

19,826

Creditors: amounts falling due after more than one year

Note

2021
£

2020
£

Due after one year

 

Loans and borrowings

8

8,000

10,091

7

Share capital

Allotted, called up and fully paid shares

 

2021

2020

 

No.

£

No.

£

Ordniary Shares of £1 each

100

100

100

100

         

8

Loans and borrowings

2021
£

2020
£

Non-current loans and borrowings

Bank borrowings

8,000

10,000

Other borrowings

-

91

8,000

10,091

 

Ali Transport Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2021

2021
£

2020
£

Current loans and borrowings

Bank borrowings

2,000

-

Other borrowings

136

544

2,136

544