Registered number
10438469
ARAB AFRICA CARGO LTD
Filleted Accounts
31 October 2024
ARAB AFRICA CARGO LTD
Registered number: 10438469
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Current assets
Cash at bank and in hand 22,495 19,321
Creditors: amounts falling due within one year 3 (9,855) (8,036)
Net current assets 12,640 11,285
Net assets 12,640 11,285
Capital and reserves
Called up share capital 1 1
Profit and loss account 12,639 11,284
Shareholder's funds 12,640 11,285
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
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.
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.
Abdiwali Mohamud
Director
Approved by the board on 18 July 2025
ARAB AFRICA CARGO LTD
Notes to the Accounts
for the year ended 31 October 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Taxation
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 318 281
Other creditors 9,537 7,755
9,855 8,036
4 Other information
ARAB AFRICA CARGO LTD is a private company limited by shares and incorporated in England. Its registered office is:
211 Station Road
Harrow
England
HA1 2TP
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