Registered number
11629113
Run Cargo Ltd
Filleted Accounts
30 November 2022
Run Cargo Ltd
Registered number: 11629113
Balance Sheet
as at 30 November 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 136 273
Current assets
Debtors 4 - 96,254
Cash at bank and in hand 39,103 74,378
39,103 170,632
Creditors: amounts falling due within one year 5 - (120,619)
Net current assets 39,103 50,013
Total assets less current liabilities 39,239 50,286
Creditors: amounts falling due after more than one year 6 (38,786) (44,998)
Net assets 453 5,288
Capital and reserves
Called up share capital 100 100
Profit and loss account 353 5,188
Shareholders' funds 453 5,288
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Utkarsh Marwaha
Director
Approved by the board on 23 November 2023
Run Cargo Ltd
Notes to the Accounts
for the year ended 30 November 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2021 684
At 30 November 2022 684
Depreciation
At 1 December 2021 411
Charge for the year 137
At 30 November 2022 548
Net book value
At 30 November 2022 136
At 30 November 2021 273
4 Debtors 2022 2021
£ £
Trade debtors - 95,070
Other debtors - 1,184
- 96,254
5 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors - 103,527
Taxation and social security costs - 3,668
Other creditors - 13,424
- 120,619
6 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 38,786 44,998
7 Other information
Run Cargo Ltd is a private company limited by shares and incorporated in England. Its registered office is:
35 Gilpin Way
Harlington
Hayes
UB3 5LZ
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