Company registration number 05613337 (England and Wales)
FLYNN CARGO SERVICES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
FLYNN CARGO SERVICES LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
FLYNN CARGO SERVICES LTD (REGISTERED NUMBER: 05613337)
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
675
900
Current assets
Debtors
4
30,438
44,058
Cash at bank and in hand
47,644
32,903
78,082
76,961
Creditors: amounts falling due within one year
5
(42,893)
(57,009)
Net current assets
35,189
19,952
Net assets
35,864
20,852
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
35,862
20,850
Total equity
35,864
20,852

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 18 November 2024
Mr D Chapman
Director
FLYNN CARGO SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information

Flynn Cargo Services Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 14 Discovery Road, Maidstone, Kent, ME15 8HF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for import services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
FLYNN CARGO SERVICES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
3
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 April 2023 and 31 March 2024
17,769
Depreciation and impairment
At 1 April 2023
16,869
Depreciation charged in the year
225
At 31 March 2024
17,094
Carrying amount
At 31 March 2024
675
At 31 March 2023
900
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
28,577
40,497
Other debtors
1,861
3,561
30,438
44,058
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
27,585
46,874
Taxation and social security
4,016
586
Other creditors
11,292
9,549
42,893
57,009
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