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Company Registration No. 11370248 (England and Wales)
Greenford Cargo Ltd Unaudited accounts for the year ended 31 May 2025
Greenford Cargo Ltd Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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Greenford Cargo Ltd Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,730
2,162
Current assets
Cash at bank and in hand
1,210
2,290
Creditors: amounts falling due within one year
5
(70,395)
(24,040)
Net current liabilities
(69,185)
(21,750)
Net liabilities
(67,455)
(19,588)
Capital and reserves
Called up share capital
1
1
Profit and loss account
(67,456)
(19,589)
Shareholders' funds
(67,455)
(19,588)
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2025 and were signed on its behalf by
Khalid Masood Director Company Registration No. 11370248
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Greenford Cargo Ltd Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Greenford Cargo Ltd is a private company, limited by shares, registered in England and Wales, registration number 11370248. The registered office is C/O Accounts & Tax Advisor Ltd, 29 Egerton Gardens, Ilford, IG3 9HP, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing Balance
Computer equipment
20% Reducing Balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Going concern
The company is a going concern. The company is funded and supported by long term shareholders.
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Greenford Cargo Ltd Notes to the Accounts for the year ended 31 May 2025
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 June 2024
325
4,042
4,367
At 31 May 2025
325
4,042
4,367
Depreciation
At 1 June 2024
240
1,965
2,205
Charge for the year
17
415
432
At 31 May 2025
257
2,380
2,637
Net book value
At 31 May 2025
68
1,662
1,730
At 31 May 2024
85
2,077
2,162
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
1,211
482
VAT
357
3,029
Taxes and social security
5,651
7,471
Other creditors
11,480
3,716
Loans from directors
51,696
9,342
70,395
24,040
6
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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