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Registered Number: 12077307
England and Wales

 

 

 

AAFREIGHT LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 August 2023

End date: 31 July 2024
Report to the directors on the preparation of the unaudited statutory accounts of AAFREIGHT LIMITED for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of AAFREIGHT LIMITED for the year ended 31 July 2024 which comprise of 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 companys 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 AAFREIGHT LIMITED, as a body, in accordance with the terms of our engagement letter dated 25 April 2025 Our work has been undertaken solely to prepare for your approval the accounts of AAFREIGHT LIMITED and state those matters that we have agreed to state to the Board of Directors of AAFREIGHT 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 AAFREIGHT LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that AAFREIGHT 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 AAFREIGHT LIMITED. You consider that AAFREIGHT 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 AAFREIGHT 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.



....................................................
JGTAX LLP
30 Churchill Place
Canary Wharf
London
E14 5RE
25 April 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 7,472    8,897 
7,472    8,897 
Current assets      
Debtors: amounts falling due within one year 321,985    395,703 
Cash at bank and in hand 67,357    35,590 
389,342    431,293 
Creditors: amount falling due within one year (363,881)   (317,716)
Net current assets 25,461    113,577 
 
Total assets less current liabilities 32,933    122,474 
Creditors: amount falling due after more than one year (32,408)   (37,963)
Net assets 525    84,511 
 

Capital and reserves
     
Called up share capital 4 100    100 
Profit and loss account 425    84,411 
Shareholders' funds 525    84,511 
 


For the year ended 31 July 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 year in question in accordance with section 476.
  2. The director acknowledges their 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 25 April 2025 and were signed by:


-------------------------------
Yiying Che
Director
2
General Information
AAFREIGHT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12077307, registration address Unit 2 The Sovereign Centre, Farthing Road, Ipswich, IP1 5AP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position 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 years Straight Line
Plant and Machinery 4 years Straight Line
Motor Vehicles 5 years Straight Line
2.

Average number of employees

Average number of employees during the year was 6 (2023 : 8).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £
At 01 August 2023 2,690    8,750    8,797    20,237 
Additions     3,282    3,282 
Disposals      
At 31 July 2024 2,690    8,750    12,079    23,519 
Depreciation
At 01 August 2023 1,113    5,140    5,087    11,340 
Charge for year 673    1,750    2,284    4,707 
On disposals      
At 31 July 2024 1,786    6,890    7,371    16,047 
Net book values
Closing balance as at 31 July 2024 904    1,860    4,708    7,472 
Opening balance as at 01 August 2023 1,577    3,610    3,710    8,897 


4.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

3