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REGISTERED NUMBER: 07334156 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Project Cargo Network Ltd

Project Cargo Network Ltd (Registered number: 07334156)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Project Cargo Network Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: Ms R Crawford





REGISTERED OFFICE: 116 London Road
Cowplain
Waterlooville
Hampshire
PO8 8HB





REGISTERED NUMBER: 07334156 (England and Wales)





ACCOUNTANTS: AM-PM Accounting Solutions Limited
Building 6000
Langstone Technology Park
Langstone Road
Havant
Hampshire
PO9 1SA

Project Cargo Network Ltd (Registered number: 07334156)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,280 6,303

CURRENT ASSETS
Debtors 5 113,669 105,445
Cash at bank 85,242 92,306
198,911 197,751
CREDITORS
Amounts falling due within one year 6 11,084 22,564
NET CURRENT ASSETS 187,827 175,187
TOTAL ASSETS LESS CURRENT
LIABILITIES

195,107

181,490

PROVISIONS FOR LIABILITIES 1,383 1,198
NET ASSETS 193,724 180,292

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 193,624 180,192
SHAREHOLDERS' FUNDS 193,724 180,292

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Project Cargo Network Ltd (Registered number: 07334156)

Balance Sheet - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 July 2024 and were signed by:





Ms R Crawford - Director


Project Cargo Network Ltd (Registered number: 07334156)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Project Cargo Network Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value of services supplied in the period, net of value added tax and any discounts given.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

Project Cargo Network Ltd (Registered number: 07334156)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023 23,297 4,296 27,593
Additions 980 1,848 2,828
At 30 April 2024 24,277 6,144 30,421
DEPRECIATION
At 1 May 2023 17,399 3,891 21,290
Charge for year 1,032 819 1,851
At 30 April 2024 18,431 4,710 23,141
NET BOOK VALUE
At 30 April 2024 5,846 1,434 7,280
At 30 April 2023 5,898 405 6,303

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 47,532 40,243
Other debtors 66,137 65,202
113,669 105,445

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 78 60
Taxation and social security 8,641 19,051
Other creditors 2,365 3,453
11,084 22,564

Project Cargo Network Ltd (Registered number: 07334156)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
Ms R Crawford
Balance outstanding at start of year 1,108 1,400
Amounts advanced 9,108 1,108
Amounts repaid (10,000 ) (1,400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 216 1,108

8. RELATED PARTY DISCLOSURES

The company has the following balances to companies who are under the same common control:-

2023 2024
Global Cargo Connections Limited £8,476.50 £8,476.50
Universal Freight Organisation Limited £47,745.00 £47,745.00

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms R Crawford.

Ms R Crawford owns 100% of the issued share capital of the company.