Company Registration No. 06467873 (England and Wales)
Focus International Logistics Limited
Unaudited filleted accounts
for the year ended 31 March 2023
Focus International Logistics Limited
Unaudited filleted accounts
Contents
Focus International Logistics Limited
Company Information
for the year ended 31 March 2023
Director
Richard William Chatburn
Company Number
06467873 (England and Wales)
Registered Office
3 Stirling Court
Stirling Way
Borehamwood
Hertfordshire
WD6 2FX
Accountants
1g Accountants
71 Cheyne Walk
London
NW4 3QU
Focus International Logistics Limited
Statement of financial position
as at 31 March 2023
Tangible assets
8,671
9,442
Cash at bank and in hand
353,914
330,261
Creditors: amounts falling due within one year
(334,782)
(624,172)
Net current assets
375,644
320,417
Total assets less current liabilities
384,315
329,859
Provisions for liabilities
Deferred tax
(1,647)
(1,794)
Net assets
382,668
328,065
Called up share capital
200
200
Profit and loss account
382,468
327,865
Shareholders' funds
382,668
328,065
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 October 2023 and were signed on its behalf by
Richard William Chatburn
Director
Company Registration No. 06467873
Focus International Logistics Limited
Notes to the Accounts
for the year ended 31 March 2023
Focus International Logistics Limited is a private company, limited by shares, registered in England and Wales, registration number 06467873. The registered office is 3 Stirling Court, Stirling Way, Borehamwood, Hertfordshire, WD6 2FX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, recharges of import duties paid out on behalf of clients, value added tax and other sales taxes.
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 accounts. 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 current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government Coronavirus Job Retention Scheme grants in relation to wages expenditure are credited when the related expenditure is charged to profit and loss.
Focus International Logistics Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
19,400
-
19,400
At 31 March 2023
19,400
1,411
20,811
At 1 April 2022
9,958
-
9,958
Charge for the year
1,888
294
2,182
At 31 March 2023
11,846
294
12,140
At 31 March 2023
7,554
1,117
8,671
At 31 March 2022
9,442
-
9,442
Amounts falling due within one year
Trade debtors
339,546
587,711
Accrued income and prepayments
1,785
1,272
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
298,217
582,836
Taxes and social security
30,211
25,024
Loans from directors
663
225
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).