Registered number
09895113
FTRANSPORT LIMITED
Filleted Accounts
30 November 2023
FTRANSPORT LIMITED
Registered number: 09895113
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 14,280 20,140
Current assets
Debtors 4 9,285 17,391
Cash at bank and in hand 26,085 27,017
35,370 44,408
Creditors: amounts falling due within one year 5 (44,417) (56,310)
Net current liabilities (9,047) (11,902)
Total assets less current liabilities 5,233 8,238
Creditors: amounts falling due after more than one year 6 (5,836) (16,125)
Net liabilities (603) (7,887)
Capital and reserves
Called up share capital 1 1
Profit and loss account (604) (7,888)
Shareholders' funds (603) (7,887)
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.
Florin Iotu
Director
Approved by the board on 28 August 2024
FTRANSPORT LIMITED
Notes to the Accounts
for the year ended 30 November 2023
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
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 30,575
At 30 November 2023 30,575
Depreciation
At 1 December 2022 10,435
Charge for the year 5,860
At 30 November 2023 16,295
Net book value
At 30 November 2023 14,280
At 30 November 2022 20,140
4 Debtors 2023 2022
£ £
Trade debtors 9,285 11,775
Other debtors - 5,616
9,285 17,391
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 5,240 5,616
Trade creditors 6,871 7,822
Taxation and social security costs 17,118 7,802
Other creditors 15,188 35,070
44,417 56,310
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 5,836 16,125
7 Other information
FTRANSPORT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
52 Victoria Gate
Harlow
England
CM17 9TB
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