Company Registration No. SC557627 (Scotland)
Accentric Freights Ltd
Unaudited accounts
for the year ended 28 February 2023
Accentric Freights Ltd
Unaudited accounts
Contents
Accentric Freights Ltd
Company Information
for the year ended 28 February 2023
Director
EZEAFULUKWE, Echezona Simon
Company Number
SC557627 (Scotland)
Registered Office
94 David Street
Glasgow
G40 2UH
Scotland
Accentric Freights Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
14,420
15,493
Cash at bank and in hand
21,512
27,266
Creditors: amounts falling due within one year
(13,442)
(410)
Net current assets
8,070
26,856
Total assets less current liabilities
22,490
42,349
Creditors: amounts falling due after more than one year
(13,618)
(25,928)
Called up share capital
10
10
Profit and loss account
8,862
16,411
Shareholders' funds
8,872
16,421
For the year ending 28 February 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 8 November 2023 and were signed on its behalf by
EZEAFULUKWE, Echezona Simon
Director
Company Registration No. SC557627
Accentric Freights Ltd
Notes to the Accounts
for the year ended 28 February 2023
Accentric Freights Ltd is a private company, limited by shares, registered in Scotland, registration number SC557627. The registered office is 94 David Street, Glasgow, G40 2UH, Scotland.
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 as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2022
20,997
2,342
23,339
At 28 February 2023
20,997
2,342
23,339
At 1 March 2022
6,698
1,148
7,846
Charge for the year
858
215
1,073
At 28 February 2023
7,556
1,363
8,919
At 28 February 2023
13,441
979
14,420
At 28 February 2022
14,299
1,194
15,493
Accentric Freights Ltd
Notes to the Accounts
for the year ended 28 February 2023
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
4,733
4,319
Loans from directors
9,265
(2)
6
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
3,486
9,806
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).