DG GLOBAL FORWARDING (UK) LTD

Company Registration Number:
07609856 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

DG GLOBAL FORWARDING (UK) LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

DG GLOBAL FORWARDING (UK) LTD

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 14,318 14,318
Tangible assets: 4 31,399 38,288
Investments: 5 480 480
Total fixed assets: 46,197 53,086
Current assets
Debtors: 6 560,172 621,019
Cash at bank and in hand: 44,941 82,122
Total current assets: 605,113 703,141
Creditors: amounts falling due within one year: 7 (253,084) (204,164)
Net current assets (liabilities): 352,029 498,977
Total assets less current liabilities: 398,226 552,063
Creditors: amounts falling due after more than one year: 8 (85,000) (145,000)
Total net assets (liabilities): 313,226 407,063
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 313,126 406,963
Shareholders funds: 313,226 407,063

The notes form part of these financial statements

DG GLOBAL FORWARDING (UK) LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 September 2024
and signed on behalf of the board by:

Name: Gregory Stevens
Status: Director

The notes form part of these financial statements

DG GLOBAL FORWARDING (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

angible 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 25% Reducing balance

DG GLOBAL FORWARDING (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 8 7

DG GLOBAL FORWARDING (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible Assets

Total
Cost £
At 01 January 2023 14,318
At 31 December 2023 14,318
Net book value
At 31 December 2023 14,318
At 31 December 2022 14,318

DG GLOBAL FORWARDING (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 150,401
Additions 3,774
At 31 December 2023 154,175
Depreciation
At 01 January 2023 112,113
Charge for year 10,663
At 31 December 2023 122,776
Net book value
At 31 December 2023 31,399
At 31 December 2022 38,288

DG GLOBAL FORWARDING (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Fixed investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value.

DG GLOBAL FORWARDING (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

DG GLOBAL FORWARDING (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Creditors: amounts falling due within one year note

253084

DG GLOBAL FORWARDING (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

8. Creditors: amounts falling due after more than one year note

85000

DG GLOBAL FORWARDING (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

9. Related party transactions

Name of the related party:
Relationship:
Associates
Description of the Transaction: loan is given to associated companies in UK and overseas
£
Balance at 01 January 2023 209,227
Balance at 31 December 2023 188,451