IRIS Accounts Production v25.1.4.42 03354203 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh033542032024-03-31033542032025-03-31033542032024-04-012025-03-31033542032023-03-31033542032023-04-012024-03-31033542032024-03-3103354203ns14:PoundSterling2024-04-012025-03-3103354203ns10:Director12024-04-012025-03-3103354203ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3103354203ns10:SmallEntities2024-04-012025-03-3103354203ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3103354203ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3103354203ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3103354203ns10:FullAccounts2024-04-012025-03-3103354203ns10:Director22024-04-012025-03-3103354203ns10:Director32024-04-012025-03-3103354203ns10:RegisteredOffice2024-04-012025-03-3103354203ns5:CurrentFinancialInstruments2025-03-3103354203ns5:CurrentFinancialInstruments2024-03-3103354203ns5:Non-currentFinancialInstruments2025-03-3103354203ns5:Non-currentFinancialInstruments2024-03-3103354203ns5:ShareCapital2025-03-3103354203ns5:ShareCapital2024-03-3103354203ns5:SharePremium2025-03-3103354203ns5:SharePremium2024-03-3103354203ns5:RetainedEarningsAccumulatedLosses2025-03-3103354203ns5:RetainedEarningsAccumulatedLosses2024-03-3103354203ns5:LandBuildings2024-04-012025-03-3103354203ns5:PlantMachinery2024-04-012025-03-3103354203ns5:LandBuildingsns5:ShortLeaseholdAssets2024-03-3103354203ns5:PlantMachinery2024-03-3103354203ns5:LandBuildingsns5:ShortLeaseholdAssets2024-04-012025-03-3103354203ns5:LandBuildingsns5:ShortLeaseholdAssets2025-03-3103354203ns5:PlantMachinery2025-03-3103354203ns5:LandBuildingsns5:ShortLeaseholdAssets2024-03-3103354203ns5:PlantMachinery2024-03-3103354203ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3103354203ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3103354203ns5:RetainedEarningsAccumulatedLosses2024-03-3103354203ns5:SharePremium2024-03-3103354203ns5:RetainedEarningsAccumulatedLosses2024-04-012025-03-31
REGISTERED NUMBER: 03354203



















Unaudited Financial Statements

for the Year Ended 31st March 2025

for

CARGO CARRIERS (MIDLANDS) LIMITED

CARGO CARRIERS (MIDLANDS) LIMITED (REGISTERED NUMBER: 03354203)






Contents of the Financial Statements
for the Year Ended 31st March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CARGO CARRIERS (MIDLANDS) LIMITED

Company Information
for the Year Ended 31st March 2025







DIRECTORS: Mr Shabeg Singh Chahal
Mr Bhagjit Singh Chahal
Mr Harjodh Singh Chahal





REGISTERED OFFICE: Cargo Business Park
Bagnall Street
Great Bridge
West Midlands
DY4 7BS





REGISTERED NUMBER: 03354203






CARGO CARRIERS (MIDLANDS) LIMITED (REGISTERED NUMBER: 03354203)

Balance Sheet
31st March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 22,972 27,026

CURRENT ASSETS
Stocks 20,450 19,450
Debtors 5 1,672,638 1,795,509
Cash at bank and in hand 192,959 185,005
1,886,047 1,999,964
CREDITORS
Amounts falling due within one year 6 1,023,450 980,823
NET CURRENT ASSETS 862,597 1,019,141
TOTAL ASSETS LESS CURRENT
LIABILITIES

885,569

1,046,167

CREDITORS
Amounts falling due after more than
one year

7

142,105

267,827
NET ASSETS 743,464 778,340

CAPITAL AND RESERVES
Called up share capital 120 120
Share premium 8 59,980 59,980
Retained earnings 8 683,364 718,240
743,464 778,340

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

CARGO CARRIERS (MIDLANDS) LIMITED (REGISTERED NUMBER: 03354203)

Balance Sheet - continued
31st March 2025


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 28th July 2025 and were signed on its behalf by:





Mr Shabeg Singh Chahal - Director


CARGO CARRIERS (MIDLANDS) LIMITED (REGISTERED NUMBER: 03354203)

Notes to the Financial Statements
for the Year Ended 31st March 2025

1. STATUTORY INFORMATION

Cargo Carriers (Midlands) Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

CARGO CARRIERS (MIDLANDS) LIMITED (REGISTERED NUMBER: 03354203)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 34 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and
leasehold machinery Totals
£    £    £   
COST
At 1st April 2024
and 31st March 2025 181,711 135,970 317,681
DEPRECIATION
At 1st April 2024 181,711 108,944 290,655
Charge for year - 4,054 4,054
At 31st March 2025 181,711 112,998 294,709
NET BOOK VALUE
At 31st March 2025 - 22,972 22,972
At 31st March 2024 - 27,026 27,026

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 506,087 549,767
Amounts owed by associates 1,060,996 1,139,385
Other debtors 105,555 106,357
1,672,638 1,795,509

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 986,589 959,097
Taxation and social security 17,064 17,680
Other creditors 19,797 4,046
1,023,450 980,823

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans 142,105 267,827

CARGO CARRIERS (MIDLANDS) LIMITED (REGISTERED NUMBER: 03354203)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025

8. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1st April 2024 718,240 59,980 778,220
Profit for the year 5,124 5,124
Dividends (40,000 ) (40,000 )
At 31st March 2025 683,364 59,980 743,344

9. ULTIMATE CONTROLLING PARTY

There is not one person with the ultimate control as the shares are equally divided between the five brothers and their wives