2023-04-012024-03-312024-03-31false10658586FLEXIBLE CARGO SERVICES LTD2024-10-0752290iso4217:GBPxbrli:pure106585862023-04-01106585862024-03-31106585862023-04-012024-03-31106585862022-04-01106585862023-03-31106585862022-04-012023-03-3110658586bus:SmallEntities2023-04-012024-03-3110658586bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3110658586bus:FullAccounts2023-04-012024-03-3110658586bus:PrivateLimitedCompanyLtd2023-04-012024-03-3110658586core:WithinOneYear2024-03-3110658586core:AfterOneYear2024-03-3110658586core:WithinOneYear2023-03-3110658586core:AfterOneYear2023-03-3110658586core:ShareCapital2024-03-3110658586core:SharePremium2024-03-3110658586core:RevaluationReserve2024-03-3110658586core:OtherReservesSubtotal2024-03-3110658586core:RetainedEarningsAccumulatedLosses2024-03-3110658586core:ShareCapital2023-03-3110658586core:SharePremium2023-03-3110658586core:RevaluationReserve2023-03-3110658586core:OtherReservesSubtotal2023-03-3110658586core:RetainedEarningsAccumulatedLosses2023-03-3110658586core:LandBuildings2024-03-3110658586core:PlantMachinery2024-03-3110658586core:Vehicles2024-03-3110658586core:FurnitureFittings2024-03-3110658586core:OfficeEquipment2024-03-3110658586core:NetGoodwill2024-03-3110658586core:IntangibleAssetsOtherThanGoodwill2024-03-3110658586core:ListedExchangeTraded2024-03-3110658586core:UnlistedNon-exchangeTraded2024-03-3110658586core:LandBuildings2023-03-3110658586core:PlantMachinery2023-03-3110658586core:Vehicles2023-03-3110658586core:FurnitureFittings2023-03-3110658586core:OfficeEquipment2023-03-3110658586core:NetGoodwill2023-03-3110658586core:IntangibleAssetsOtherThanGoodwill2023-03-3110658586core:ListedExchangeTraded2023-03-3110658586core:UnlistedNon-exchangeTraded2023-03-3110658586core:LandBuildings2023-04-012024-03-3110658586core:PlantMachinery2023-04-012024-03-3110658586core:Vehicles2023-04-012024-03-3110658586core:FurnitureFittings2023-04-012024-03-3110658586core:OfficeEquipment2023-04-012024-03-3110658586core:NetGoodwill2023-04-012024-03-3110658586core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3110658586core:ListedExchangeTraded2023-04-012024-03-3110658586core:UnlistedNon-exchangeTraded2023-04-012024-03-3110658586core:MoreThanFiveYears2023-04-012024-03-3110658586core:Non-currentFinancialInstruments2024-03-3110658586core:Non-currentFinancialInstruments2023-03-3110658586dpl:CostSales2023-04-012024-03-3110658586dpl:DistributionCosts2023-04-012024-03-3110658586core:LandBuildings2023-04-012024-03-3110658586core:PlantMachinery2023-04-012024-03-3110658586core:Vehicles2023-04-012024-03-3110658586core:FurnitureFittings2023-04-012024-03-3110658586core:OfficeEquipment2023-04-012024-03-3110658586dpl:AdministrativeExpenses2023-04-012024-03-3110658586core:NetGoodwill2023-04-012024-03-3110658586core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3110658586dpl:GroupUndertakings2023-04-012024-03-3110658586dpl:ParticipatingInterests2023-04-012024-03-3110658586dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3110658586core:ListedExchangeTraded2023-04-012024-03-3110658586dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3110658586core:UnlistedNon-exchangeTraded2023-04-012024-03-3110658586dpl:CostSales2022-04-012023-03-3110658586dpl:DistributionCosts2022-04-012023-03-3110658586core:LandBuildings2022-04-012023-03-3110658586core:PlantMachinery2022-04-012023-03-3110658586core:Vehicles2022-04-012023-03-3110658586core:FurnitureFittings2022-04-012023-03-3110658586core:OfficeEquipment2022-04-012023-03-3110658586dpl:AdministrativeExpenses2022-04-012023-03-3110658586core:NetGoodwill2022-04-012023-03-3110658586core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3110658586dpl:GroupUndertakings2022-04-012023-03-3110658586dpl:ParticipatingInterests2022-04-012023-03-3110658586dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3110658586core:ListedExchangeTraded2022-04-012023-03-3110658586dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3110658586core:UnlistedNon-exchangeTraded2022-04-012023-03-3110658586core:NetGoodwill2024-03-3110658586core:IntangibleAssetsOtherThanGoodwill2024-03-3110658586core:LandBuildings2024-03-3110658586core:PlantMachinery2024-03-3110658586core:Vehicles2024-03-3110658586core:FurnitureFittings2024-03-3110658586core:OfficeEquipment2024-03-3110658586core:AfterOneYear2024-03-3110658586core:WithinOneYear2024-03-3110658586core:ListedExchangeTraded2024-03-3110658586core:UnlistedNon-exchangeTraded2024-03-3110658586core:ShareCapital2024-03-3110658586core:SharePremium2024-03-3110658586core:RevaluationReserve2024-03-3110658586core:OtherReservesSubtotal2024-03-3110658586core:RetainedEarningsAccumulatedLosses2024-03-3110658586core:NetGoodwill2023-03-3110658586core:IntangibleAssetsOtherThanGoodwill2023-03-3110658586core:LandBuildings2023-03-3110658586core:PlantMachinery2023-03-3110658586core:Vehicles2023-03-3110658586core:FurnitureFittings2023-03-3110658586core:OfficeEquipment2023-03-3110658586core:AfterOneYear2023-03-3110658586core:WithinOneYear2023-03-3110658586core:ListedExc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FLEXIBLE CARGO SERVICES LTD

Registered Number
10658586
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

FLEXIBLE CARGO SERVICES LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

CARTER, Robert Kenneth

Registered Address

The Factory The Factory, Office 2
High Street
Thorpe-Le-Soken
CO16 0EA

Registered Number

10658586 (England and Wales)
FLEXIBLE CARGO SERVICES LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,7834,701
2,7834,701
Current assets
Debtors4102,207147,991
Cash at bank and on hand93,38586,826
195,592234,817
Creditors amounts falling due within one year5(65,232)(136,192)
Net current assets (liabilities)130,36098,625
Total assets less current liabilities133,143103,326
Net assets133,143103,326
Capital and reserves
Called up share capital2-
Profit and loss account133,141103,326
Shareholders' funds133,143103,326
The financial statements were approved and authorised for issue by the Director on 7 October 2024, and are signed on its behalf by:
CARTER, Robert Kenneth
Director
Registered Company No. 10658586
FLEXIBLE CARGO SERVICES LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment5
2.Average number of employees

20242023
Average number of employees during the year33
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 April 2310,51210,512
Additions189189
At 31 March 2410,70110,701
Depreciation and impairment
At 01 April 235,8115,811
Charge for year2,1072,107
At 31 March 247,9187,918
Net book value
At 31 March 242,7832,783
At 31 March 234,7014,701
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables89,560135,752
Other debtors11,18612,239
Prepayments and accrued income1,461-
Total102,207147,991
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables51,18596,192
Taxation and social security13,18628,842
Other creditors-10,000
Accrued liabilities and deferred income8611,158
Total65,232136,192