Registered number
09780275
Toak Cargo Services Limited
Filleted Accounts
30 September 2024
Toak Cargo Services Limited
Registered number: 09780275
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Current assets
Current Account 150 21
Cash at bank and in hand 71,676 44,849
71,826 44,870
Creditors: amounts falling due within one year 4 (198,531) (175,817)
Net current liabilities (126,705) (130,947)
Net liabilities (126,705) (130,947)
Capital and reserves
Called up share capital 13 13
Profit and loss account (126,718) (130,960)
Shareholders' funds (126,705) (130,947)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Akolawole Adeniyi AKINTAN
Director
Approved by the board on 5 June 2025
Toak Cargo Services Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 2,275
At 30 September 2024 2,275
Depreciation
At 1 October 2023 2,275
At 30 September 2024 2,275
Net book value
At 30 September 2024 -
4 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax - 1,999
Other taxes and social security costs 6,672 5,808
Other creditors 191,859 168,010
198,531 175,817
5 Other information
Toak Cargo Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
145 Balam Street
London
England
E13 8AF
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