Registered number
02691106
Cargo Packing Services Ltd
Filleted Accounts
31 March 2024
Cargo Packing Services Ltd
Registered number: 02691106
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 6,590 5,738
Current assets
Stocks 32,000 30,000
Debtors 4 397,855 350,494
Cash at bank and in hand 131,533 106,974
561,388 487,468
Creditors: amounts falling due within one year 5 (138,354) (71,545)
Net current assets 423,034 415,923
Net assets 429,624 421,661
Capital and reserves
Called up share capital 24,560 24,560
Profit and loss account 405,064 397,101
Shareholders' funds 429,624 421,661
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.
M Littlewood
Director
Approved by the board on 31 July 2024
Cargo Packing Services Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
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.
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 2024 2023
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Fixtures and fittings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 34,100 162,312 15,833 212,245
Additions 2,500 - - 2,500
At 31 March 2024 36,600 162,312 15,833 214,745
Depreciation
At 1 April 2023 33,359 157,528 15,620 206,507
Charge for the year 648 957 43 1,648
At 31 March 2024 34,007 158,485 15,663 208,155
Net book value
At 31 March 2024 2,593 3,827 170 6,590
At 31 March 2023 741 4,784 213 5,738
4 Debtors 2024 2023
£ £
Trade debtors 158,400 111,581
Amounts owed by group undertakings and undertakings in which the company has a participating interest 233,627 233,627
Prepayments 5,828 5,286
397,855 350,494
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 85,712 21,663
Taxation and social security costs 6,908 6,026
VAT 14,230 11,330
Director's account 25,481 22,460
Accruals 3,922 7,965
Other creditors 2,101 2,101
138,354 71,545
6 Other information
Cargo Packing Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Portland Works
Hill Street
Ashton-Under-Lyne
Lancashire
OL7 0PZ
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