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REGISTERED NUMBER: 06689373 (England and Wales)







FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

INTERNATIONAL CARGO LIMITED

INTERNATIONAL CARGO LIMITED (REGISTERED NUMBER: 06689373)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INTERNATIONAL CARGO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: M Robinson
B Walters





REGISTERED OFFICE: Charter House
161 Newhall Street
Birmingham
West Midlands
B3 1SW





REGISTERED NUMBER: 06689373 (England and Wales)





AUDITORS: Prime
Chartered Accountants
Statutory Auditor
Corner Oak
1 Homer Road
Solihull
B91 3QG

INTERNATIONAL CARGO LIMITED (REGISTERED NUMBER: 06689373)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 592,879 488,302
Cash at bank 1,245 2,074
594,124 490,376
CREDITORS
Amounts falling due within one year 5 147,576 159,774
NET CURRENT ASSETS 446,548 330,602
TOTAL ASSETS LESS CURRENT
LIABILITIES

446,548

330,602

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 446,448 330,502
SHAREHOLDERS' FUNDS 446,548 330,602

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 October 2023 and were signed on its behalf by:





B Walters - Director


INTERNATIONAL CARGO LIMITED (REGISTERED NUMBER: 06689373)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

International Cargo Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Current taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that balance sheet date. Transactions in foreign currencies are recorded at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

INTERNATIONAL CARGO LIMITED (REGISTERED NUMBER: 06689373)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments in the balance sheet.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 592,483 487,875
Other debtors 396 427
592,879 488,302

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 116,903 144,604
Taxation and social security 25,673 10,170
Other creditors 5,000 5,000
147,576 159,774

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Leigh Dudley FCCA (Senior Statutory Auditor)
for and on behalf of Prime

7. FINANCIAL COMMITMENTS

The company's bankers have a first fixed charge over all present and future property, book and other debts, chattels and unclaimed capital; and a first floating charge over all present and future assets and undertakings.

An unlimited multilateral guarantee exists between the bank and International Cargo Limited, its fellow subsidiary companies, Entec International Limited, Need2 Limited and Adepto Group Limited, and its parent company Entec Global Limited. At the year end £1,928,903 (2022: £1,365,419) was due to the bank under this arrangement.

8. ULTIMATE PARENT COMPANY

The company is a subsidiary undertaking of Entec Global Limited, a company incorporated in England & Wales registered at Charter House, 161 Newhall Street, Birmingham, England, B3 1SW.

Copies of the financial statements for Entec Global Limited are available from Companies House, Crown Way, Cardiff, CF14 3UZ.