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REGISTERED NUMBER: 14996609 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 11 JULY 2023 TO 30 JUNE 2024

FOR

CARGO MOVERS LOGISTICS LIMITED

CARGO MOVERS LOGISTICS LIMITED (REGISTERED NUMBER: 14996609)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 11 JULY 2023 TO 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARGO MOVERS LOGISTICS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 11 JULY 2023 TO 30 JUNE 2024







DIRECTORS: L George
A George



REGISTERED OFFICE: Ribblebank Potters Lane
Samlesbury
Preston
Lancashire
PR5 0UL



REGISTERED NUMBER: 14996609 (England and Wales)



ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



BANKERS: Virgin Money
44 Fishergate
Preston
PR1 8BH

CARGO MOVERS LOGISTICS LIMITED (REGISTERED NUMBER: 14996609)

BALANCE SHEET
30 JUNE 2024

Notes £    £   
FIXED ASSETS
Intangible assets 4 107,708
Tangible assets 5 347,553
455,261

CURRENT ASSETS
Debtors 6 67,722
Cash at bank 136,581
204,303
CREDITORS
Amounts falling due within one year 7 737,287
NET CURRENT LIABILITIES (532,984 )
TOTAL ASSETS LESS CURRENT LIABILITIES (77,723 )

CAPITAL AND RESERVES
Called up share capital 8 100
Retained earnings (77,823 )
SHAREHOLDERS' FUNDS (77,723 )

CARGO MOVERS LOGISTICS LIMITED (REGISTERED NUMBER: 14996609)

BALANCE SHEET - continued
30 JUNE 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by:





A George - Director


CARGO MOVERS LOGISTICS LIMITED (REGISTERED NUMBER: 14996609)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 11 JULY 2023 TO 30 JUNE 2024

1. STATUTORY INFORMATION

Cargo Movers Logistics Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
The financial statements have been prepared on a going concern basis. The results for the period showed a loss before taxation of £77,823 and at the period end the company had net current liabilities of £532,984.

There are no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern; the directors and fellow group companies have indicated a willingness to continue to support the operations of the company to continue trading for the foreseeable future.

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.

CARGO MOVERS LOGISTICS LIMITED (REGISTERED NUMBER: 14996609)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 11 JULY 2023 TO 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT.

Turnover from the sale of distribution services is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover 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 transaction can be measured reliably. This is usually on completion of delivery.

Goodwill
Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. The period chosen for writing off goodwill is four years. Provision is made for any impairment.

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.

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 as follows:

Plant & Machinery- 25% reducing balance
Fixtures & Fittings- 33% straight line

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.


CARGO MOVERS LOGISTICS LIMITED (REGISTERED NUMBER: 14996609)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 11 JULY 2023 TO 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 10 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Reclassification/transfer 110,000
At 30 June 2024 110,000
AMORTISATION
Charge for period 2,292
At 30 June 2024 2,292
NET BOOK VALUE
At 30 June 2024 107,708

CARGO MOVERS LOGISTICS LIMITED (REGISTERED NUMBER: 14996609)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 11 JULY 2023 TO 30 JUNE 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
Additions 3,160 1,770 4,930
Reclassification/transfer 350,001 - 350,001
At 30 June 2024 353,161 1,770 354,931
DEPRECIATION
Charge for period 7,345 33 7,378
At 30 June 2024 7,345 33 7,378
NET BOOK VALUE
At 30 June 2024 345,816 1,737 347,553

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 49,614
Amounts owed by group undertakings 15,927
Prepayments and accrued income 2,181
67,722

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 53,571
Amounts owed to group undertakings 674,901
VAT 5,268
Other creditors 547
Accruals and deferred income 3,000
737,287

CARGO MOVERS LOGISTICS LIMITED (REGISTERED NUMBER: 14996609)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 11 JULY 2023 TO 30 JUNE 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

100 Ordinary shares of £1 were issued during the period for cash of £ 100 .

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions with other group companies.

£
Amounts advanced from related parties219,695
Amounts paid to related parties20,722
Assets transferred from related parties460,001
Amounts due from related parties at the period end15,927
Amounts due to related parties at the period end674,901

10. ULTIMATE CONTROLLING PARTY

Cargo Movers Holdings Limited is the company's parent company by virtue of its shareholding in the company.

The parent company's registered office address is:

Ribblebank Potters Lane,
Samlesbury,
Preston,
Lancashire,
PR5 0UL