Registered number
06330458
CARGOSOLUTIONSUK LIMITED
Filleted Accounts
31 July 2024
CARGOSOLUTIONSUK LIMITED
Registered number: 06330458
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,292 1,590
Current assets
Debtors 4 99,316 17,829
Cash at bank and in hand 132,173 259,744
231,489 277,573
Creditors: amounts falling due within one year 5 (110,061) (194,335)
Net current assets 121,428 83,238
Net assets 122,720 84,828
Capital and reserves
Called up share capital 2 2
Profit and loss account 122,718 84,826
Shareholders' funds 122,720 84,828
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.
Mr C Magson
Director
Approved by the board on 6 November 2024
CARGOSOLUTIONSUK LIMITED
Notes to the Accounts
for the year ended 31 July 2024
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:
Fixture & Fittings 15% reducing balance
Computer Equipment 25% reducing balance
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2023 4,147 3,030 7,177
At 31 July 2024 4,147 3,030 7,177
Depreciation
At 1 August 2023 3,152 2,435 5,587
Charge for the year 149 149 298
At 31 July 2024 3,301 2,584 5,885
Net book value
At 31 July 2024 846 446 1,292
At 31 July 2023 995 595 1,590
4 Debtors 2024 2023
£ £
Trade debtors 98,314 17,829
Other debtors 1,002 -
99,316 17,829
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 86,913 64,000
Taxation and social security costs 22,518 13,679
Other creditors 630 116,656
110,061 194,335
6 Other information
CARGOSOLUTIONSUK LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Unit 13B
Graphica House
Deanstone Lane
Queensbury, Bradford
BD13 2AS
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