NETWORK INTERNATIONAL CARGO UK LIMITED

Company Registration Number:
08784867 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

NETWORK INTERNATIONAL CARGO UK LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

NETWORK INTERNATIONAL CARGO UK LIMITED

Balance sheet

As at 31 December 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 20,227 19,603
Total fixed assets: 20,227 19,603
Current assets
Debtors:   567,738 488,855
Cash at bank and in hand: 403,618 267,040
Total current assets: 971,356 755,895
Creditors: amounts falling due within one year:   (795,247) (589,140)
Net current assets (liabilities): 176,109 166,755
Total assets less current liabilities: 196,336 186,358
Total net assets (liabilities): 196,336 186,358
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 196,236 186,258
Shareholders funds: 196,336 186,358

The notes form part of these financial statements

NETWORK INTERNATIONAL CARGO UK LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 March 2025
and signed on behalf of the board by:

Name: Edward Bowers
Status: Director

The notes form part of these financial statements

NETWORK INTERNATIONAL CARGO UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

NETWORK INTERNATIONAL CARGO UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 26 22

NETWORK INTERNATIONAL CARGO UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible Assets

Total
Cost £
At 01 January 2024 93,581
Additions 21,234
At 31 December 2024 114,815
Depreciation
At 01 January 2024 73,978
Charge for year 20,610
At 31 December 2024 94,588
Net book value
At 31 December 2024 20,227
At 31 December 2023 19,603

NETWORK INTERNATIONAL CARGO UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Related party transactions

Name of the related party: Network International Cargo Limited
Relationship:
Group Company
Description of the Transaction: Network International Cargo Group Limited holds 100% of the issued share capital in both Network International Cargo Limited and Network International Cargo UK Limited. The group undertaking creditor is owed by Network International Cargo Limited.
£
Balance at 01 January 2024 100,000
Balance at 31 December 2024 100,000
Name of the related party: Network International Cargo Limited
Relationship:
Group Company
Description of the Transaction: Network International Cargo Group Limited holds 100% of the issued share capital in both Network International Cargo Limited and Network International Cargo UK Limited. The group undertaking debtor is owed to Network International Cargo UK Limited.
£
Balance at 01 January 2024 195,877
Balance at 31 December 2024 194,584

NETWORK INTERNATIONAL CARGO UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Post balance sheet events

The Directors are confident that, for the foreseeable future, the company will have sufficient liquid assets to meet its liabilities as they fall due. We are currently living in a period of uncertainty, with external impacts (including increased energy costs and inflation) which are affecting all businesses. The Directors will continue to monitor these impacts and respond appropriately to any changes.