2023-09-01 2024-08-31 false Capium Accounts Production 1.1 10908568 2023-09-01 2024-08-31 10908568 bus:AbridgedAccounts 2023-09-01 2024-08-31 10908568 bus:FRS102 2023-09-01 2024-08-31 10908568 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 10908568 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10908568 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10908568 2023-09-01 2024-08-31 10908568 2024-08-31 10908568 bus:RegisteredOffice 2023-09-01 2024-08-31 10908568 core:WithinOneYear 2024-08-31 10908568 core:AfterOneYear 2024-08-31 10908568 1 2023-09-01 2024-08-31 10908568 bus:Director1 2023-09-01 2024-08-31 10908568 bus:Director1 2024-08-31 10908568 bus:Director1 2022-09-01 2023-08-31 10908568 2022-09-01 10908568 bus:LeadAgentIfApplicable 2023-09-01 2024-08-31 10908568 2022-09-01 2023-08-31 10908568 2023-08-31 10908568 core:WithinOneYear 2023-08-31 10908568 core:AfterOneYear 2023-08-31 10908568 bus:EntityAccountantsOrAuditors 2022-09-01 2023-08-31 10908568 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 10908568 bus:OrdinaryShareClass1 2024-08-31 10908568 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 10908568 bus:OrdinaryShareClass1 2023-08-31 10908568 core:FurnitureFittings 2023-09-01 2024-08-31 10908568 core:FurnitureFittings 2024-08-31 10908568 core:FurnitureFittings 2023-08-31 10908568 core:ComputerEquipment 2023-09-01 2024-08-31 10908568 core:ComputerEquipment 2024-08-31 10908568 core:ComputerEquipment 2023-08-31 10908568 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-08-31 10908568 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-08-31 10908568 core:CostValuation core:Non-currentFinancialInstruments 2024-08-31 10908568 core:CostValuation core:Non-currentFinancialInstruments 2023-08-31 10908568 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-08-31 10908568 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-08-31 10908568 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-08-31 10908568 core:Non-currentFinancialInstruments 2024-08-31 10908568 core:Non-currentFinancialInstruments 2023-08-31 10908568 core:ShareCapital 2024-08-31 10908568 core:ShareCapital 2023-08-31 10908568 core:RetainedEarningsAccumulatedLosses 2024-08-31 10908568 core:RetainedEarningsAccumulatedLosses 2023-08-31 10908568 dpl:Item1 2023-09-01 10908568 dpl:Item1 2024-08-31 10908568 dpl:Item1 2022-09-01 10908568 dpl:Item1 2023-08-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 10908568
England and Wales

 

 

 

ABG FREIGHT UK LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 September 2023

End date: 31 August 2024
Report to the directors on the preparation of the unaudited statutory accounts of ABG Freight UK Limited for the period ended 31 August 2024

In order to assist you in fulfilling your duties under the Companies Act 2006, we have prepared for your approval the accounts of ABG Freight UK Limited for the period ended 31 August 2024 which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/

This report is made solely to the Board of Directors of ABG Freight UK Limited, as a body, in accordance with the terms of our engagement letter.
Our work has been undertaken solely to prepare for your approval the accounts of ABG Freight UK Limited and state those matters that we have agreed to state to the Board of Directors of ABG Freight UK Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ABG Freight UK Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that ABG Freight UK Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position, and profit of ABG Freight UK Limited. You consider that ABG Freight UK Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of ABG Freight UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.






Accountancy Enterprise Ltd
71-75 Shelton Street
Covent Garden
WC2H 9JQ
17 April 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 2,424    2,485 
2,424    2,485 
Current assets      
Debtors 276,053    275,789 
Cash at bank and in hand 383,415    483,552 
659,468    759,341 
Creditors: amount falling due within one year (312,558)   (493,837)
Net current assets 346,910    265,504 
 
Total assets less current liabilities 349,334    267,989 
Net assets 349,334    267,989 
 

Capital and reserves
     
Called up share capital 4 1    1 
Other Comprehensive Income 5   13,053 
Profit and loss account 349,333    254,935 
Shareholders' funds 349,334    267,989 
 


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

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges his responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 17 April 2025 and were signed by:


-------------------------------
Bahadir Alpaslan Gumushan
Director
2
General Information
ABG Freight UK 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's Information page.


The financial statements are prepared in sterling which is the functional currency of the company.
1.

Accounting policies

Significant accounting policies
These financial statements have been prepared in compliance with FRS 102, "The Financial Reporting Standard applicable in the UK and the 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the Balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included in the Profit and Loss Account.
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the statement of Income and Retained Earnings, 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 taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Dividends
Proposed dividends are only included as liabilities in the Balance sheet when their payment has been approved by the shareholders prior to the Balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 3 Straight Line
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Computer Equipment   Total
  £   £   £
At 01 September 2023 3,727      3,727 
Additions   1,771    1,771 
Disposals    
At 31 August 2024 3,727    1,771    5,498 
Depreciation
At 01 September 2023 1,242      1,242 
Charge for year 1,832      1,832 
On disposals    
At 31 August 2024 3,074      3,074 
Net book values
Closing balance as at 31 August 2024 653    1,771    2,424 
Opening balance as at 01 September 2023 2,485      2,485 


4.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1 Class A share of £1.00 each  
 

5.

Other Comprehensive Income

2024
£
  2023
£
Unrealized Gains or losses   13,053 
  13,053 

6.

Related Party Disclosures

The company's profits are low compared to the previous year.  This is due to the activities being curtailed in view of the director's iminent retirement in the near future. 

For the year ended 31 August 2024, a dividend of £60,000 was declared to the shareholder.

The director, Mr B Gumushan, is by virtue of his holding in the entire share capital of the company, the ultimate controller of the business.
3