1 March 2022 false No description of principal activity Taxfiler 2023.10 SC557627business:PrivateLimitedCompanyLtd2022-03-012023-02-28 SC5576272022-02-28 SC5576272022-03-012023-02-28 SC557627business:AuditExemptWithAccountantsReport2022-03-012023-02-28 SC557627business:FilletedAccounts2022-03-012023-02-28 SC5576272023-02-28 SC557627business:Director12022-03-012023-02-28 SC557627business:RegisteredOffice2022-03-012023-02-28 SC5576272022-02-28 SC557627core:WithinOneYear2023-02-28 SC557627core:WithinOneYear2022-02-28 SC557627core:AfterOneYear2023-02-28 SC557627core:AfterOneYear2022-02-28 SC557627core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 SC557627core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 SC557627core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 SC557627core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 SC557627core:PreviouslyStatedAmount2023-02-28 SC557627core:PreviouslyStatedAmount2022-02-28 SC557627business:SmallEntities2022-03-012023-02-28 SC557627countries:Scotland2022-03-012023-02-28 SC557627core:MotorVehicles2022-03-012023-02-28 SC557627core:FurnitureFittings2022-03-012023-02-28 SC557627core:MotorVehicles2022-02-28 SC557627core:FurnitureFittings2022-02-28 SC557627core:MotorVehicles2023-02-28 SC557627core:FurnitureFittings2023-02-28 SC5576272021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. SC557627 (Scotland)
Accentric Freights Ltd Unaudited accounts for the year ended 28 February 2023
Accentric Freights Ltd Unaudited accounts Contents
Page
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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
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Accentric Freights Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,420 
15,493 
Current assets
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)
Net assets
8,872 
16,421 
Capital and reserves
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
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Accentric Freights Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Motor vehicles
6%
Fixtures & fittings
18%
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 
Depreciation
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 
Net book value
At 28 February 2023
13,441 
979 
14,420 
At 28 February 2022
14,299 
1,194 
15,493 
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Accentric Freights Ltd Notes to the Accounts for the year ended 28 February 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
(738)
(3,925)
Taxes and social security
4,733 
4,319 
Loans from directors
9,265 
(2)
Accruals
182 
18 
13,442 
410 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
10,132 
16,122 
Obligations under finance leases and hire purchase contracts
3,486 
9,806 
13,618 
25,928 
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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