REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 14 APRIL 2023 TO 30 JUNE 2024 |
FOR |
CARGO MOVERS HOLDINGS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 14 APRIL 2023 TO 30 JUNE 2024 |
FOR |
CARGO MOVERS HOLDINGS LIMITED |
CARGO MOVERS HOLDINGS LIMITED (REGISTERED NUMBER: 14802926) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 14 APRIL 2023 TO 30 JUNE 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
CARGO MOVERS HOLDINGS LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 14 APRIL 2023 TO 30 JUNE 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
12 Victoria Road |
Barnsley |
South Yorkshire |
S70 2BB |
BANKERS: |
44 Fishergate |
Preston |
PR1 8BH |
CARGO MOVERS HOLDINGS LIMITED (REGISTERED NUMBER: 14802926) |
BALANCE SHEET |
30 JUNE 2024 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Retained earnings |
SHAREHOLDERS' FUNDS |
CARGO MOVERS HOLDINGS LIMITED (REGISTERED NUMBER: 14802926) |
BALANCE SHEET - continued |
30 JUNE 2024 |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the Board of Directors and authorised for issue on |
CARGO MOVERS HOLDINGS LIMITED (REGISTERED NUMBER: 14802926) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 14 APRIL 2023 TO 30 JUNE 2024 |
1. | STATUTORY INFORMATION |
Cargo Movers Holdings Limited is a |
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Cargo Movers Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Significant judgements and estimates |
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements. |
There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year. |
Goodwill |
Goodwill relates to the amount paid in connection with the acquisition of a business during the period. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
CARGO MOVERS HOLDINGS LIMITED (REGISTERED NUMBER: 14802926) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 14 APRIL 2023 TO 30 JUNE 2024 |
2. | ACCOUNTING POLICIES - continued |
Tangible fixed assets |
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. |
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life. |
Freehold property is depreciated at 2% straight line. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
CARGO MOVERS HOLDINGS LIMITED (REGISTERED NUMBER: 14802926) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 14 APRIL 2023 TO 30 JUNE 2024 |
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
Additions |
Transfer | ( |
) |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
5. | TANGIBLE FIXED ASSETS |
Freehold | Plant and |
property | machinery | Totals |
£ | £ | £ |
COST |
Additions |
Reclassification/transfer | ( |
) | ( |
) |
At 30 June 2024 |
DEPRECIATION |
Charge for period |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
CARGO MOVERS HOLDINGS LIMITED (REGISTERED NUMBER: 14802926) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 14 APRIL 2023 TO 30 JUNE 2024 |
6. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
At 30 June 2024 |
NET BOOK VALUE |
At 30 June 2024 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed by group undertakings |
VAT |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other loans |
Trade creditors |
Amounts owed to group undertakings |
Directors' current accounts | 55,940 |
Accruals and deferred income |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Other loans - 1-2 years |
Other loans - 2-5 years |
Other loans more 5yrs instal |
CARGO MOVERS HOLDINGS LIMITED (REGISTERED NUMBER: 14802926) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 14 APRIL 2023 TO 30 JUNE 2024 |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
£ |
Amounts falling due in more than five years: |
Repayable by instalments |
Other loans more 5yrs instal | 168,330 |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
£ |
Other loans |
The Other Loans are secured on the company's freehold property. |
11. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
A Ordinary | £1 | 100 |
B Ordinary | £1 | 20 |
120 |
The following shares were issued during the period for cash at par : |
100 A Ordinary shares of £1 |
20 B Ordinary shares of £1 |
CARGO MOVERS HOLDINGS LIMITED (REGISTERED NUMBER: 14802926) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 14 APRIL 2023 TO 30 JUNE 2024 |
12. | RELATED PARTY DISCLOSURES |
Transactions with other group companies. |
£ |
Amounts advanced from related parties | 1,500,298 |
Amounts paid to related parties | 215,025 |
Assets transferred to related parties | 460,001 |
Dividends received from related parties | 63,000 |
Amounts due from related parties at the period end | 674.901 |
Amounts due to related parties at the period end | 1,437,173 |