smallAccCompHo_0921.xslt
Company Registration No. 05902566 (England and Wales)
INTERCARGO LIMITED
Financial Statements
for the Period from 01 September 2023 to 31 August 2024

INTERCARGO LIMITED

Financial Statements for the period ending 31 August 2024

INTERCARGO LIMITED

Financial Statements for the period ending 31 August 2024

Notes to the Accounts

1. Statutory Information
INTERCARGO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05902566.
2. Accounting Policies
Basis of preparing the Financial Statements
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.

INTERCARGO LIMITED

Financial Statements for the period ending 31 August 2024

Notes to the Accounts

Current Tax
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Tangible Fixed Asset Policy
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:Fixtures and fittings – 25% reducing balanceIntangible assets – 25% reducing balance

INTERCARGO LIMITED

Financial Statements for the period ending 31 August 2024

Notes to the Accounts

Intangible Asset Policy
Intangible fixed assets are measured at cost less accumulated amortisation and accumulated impairment losses

INTERCARGO LIMITED

Financial Statements for the period ending 31 August 2024

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2024 14
2023 14
4. Principal Activity
The company's principal activity during the year continued to be the provision of the following services:Cargo Handling for Air Transport Activities, Freight Transport by Road, Inland Freight Water Transport, Freight Transport by Air

INTERCARGO LIMITED

Financial Statements for the period ending 31 August 2024

Notes to the Accounts

5. Intangible Assets
Goodwill Other Total
Cost £ £ £
At 01/09/2023 2,931 - 2,931
Additions - - -
Disposals - - -
Revaluations - - -
At 31/08/2024 2,931 - 2,931
Amortisation
At 01/09/2023 - - -
Charge for the Year 733 - 733
On Disposals - - -
Other increases/(decreases) - - -
At end of period 733 - 733
Net book value
At 31/08/2024 2,198 - 2,198
At 31/08/2023 2,931 - 2,931
6. Fixed Assets
Computer Equipment Total
Cost or valuation £ £
At 01/09/2023 26,050 26,050
Additions 2,371 2,371
At 31/08/2024 28,421 28,421
Depreciation
At 01/09/2023 4,798 4,798
Charge for the year 5,502 5,502
At 31/08/2024 10,300 10,300
Net Book Value
At 31/08/2024 18,121 18,121
At 31/08/2023 21,252 21,252