Abbey Freight Forwarding Limited 12225201 false 2022-10-01 2023-09-30 2023-09-30 The principal activity of the company is freight forwarding. Digita Accounts Production Advanced 6.30.9574.0 true 12225201 2022-10-01 2023-09-30 12225201 2023-09-30 12225201 core:RetainedEarningsAccumulatedLosses 2023-09-30 12225201 core:ShareCapital 2023-09-30 12225201 core:CurrentFinancialInstruments 2023-09-30 12225201 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 12225201 core:Non-currentFinancialInstruments 2023-09-30 12225201 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 12225201 bus:SmallEntities 2022-10-01 2023-09-30 12225201 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 12225201 bus:FullAccounts 2022-10-01 2023-09-30 12225201 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 12225201 bus:RegisteredOffice 2022-10-01 2023-09-30 12225201 bus:Director1 2022-10-01 2023-09-30 12225201 bus:Director2 2022-10-01 2023-09-30 12225201 bus:Director3 2022-10-01 2023-09-30 12225201 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 12225201 countries:UnitedKingdom 2022-10-01 2023-09-30 12225201 2021-10-01 2022-09-30 12225201 2022-09-30 12225201 core:RetainedEarningsAccumulatedLosses 2022-09-30 12225201 core:ShareCapital 2022-09-30 12225201 core:CurrentFinancialInstruments 2022-09-30 12225201 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 12225201 core:Non-currentFinancialInstruments 2022-09-30 12225201 core:Non-currentFinancialInstruments core:AfterOneYear 2022-09-30 iso4217:GBP xbrli:pure

Registration number: 12225201

Abbey Freight Forwarding Limited

Unaudited Financial Statements

for the Year Ended 30 September 2023

 

Abbey Freight Forwarding Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Abbey Freight Forwarding Limited

(Registration number: 12225201)
Statement of Financial Position as at 30 September 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

57,489

55,395

Cash at bank and in hand

 

44,801

62,088

 

102,290

117,483

Creditors: Amounts falling due within one year

5

(39,627)

(50,534)

Total assets less current liabilities

 

62,663

66,949

Creditors: Amounts falling due after more than one year

5

(23,333)

(33,333)

Net assets

 

39,330

33,616

Capital and reserves

 

Called up share capital

300

300

Retained earnings

39,030

33,316

Shareholders' funds

 

39,330

33,616

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 February 2024 and signed on its behalf by:
 

.........................................
Mr P Jones
Director

.........................................
Mr M Ferns
Director

.........................................
Mr D G Newbold
Director

     
 

Abbey Freight Forwarding Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Unit 2 Beeston Court
Stuart Road
Manor Park
Runcorn
Cheshire
WA7 1SS

These financial statements were authorised for issue by the Board on 29 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Abbey Freight Forwarding Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

4

Debtors

Current

2023
£

2022
£

Trade debtors

52,214

49,395

Prepayments

1,035

2,499

Other debtors

4,240

3,501

 

57,489

55,395

 

Abbey Freight Forwarding Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

6

10,000

10,000

Trade creditors

 

11,298

13,359

Taxation and social security

 

1,765

2,099

Accruals and deferred income

 

4,508

4,332

Other creditors

 

12,056

20,744

 

39,627

50,534

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

6

23,333

33,333

6

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

23,333

33,333

2023
£

2022
£

Current loans and borrowings

Bank borrowings

10,000

10,000