| CARGOSOLUTIONSUK LIMITED |
| Notes to the Accounts |
| for the year ended 31 July 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
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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). |
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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. |
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Tangible fixed assets |
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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: |
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|
Fixture & Fittings |
15% reducing balance |
|
Computer Equipment |
25% reducing balance |
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Foreign currency translation |
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Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
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|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
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|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 August 2024 |
4,147 |
|
3,030 |
|
7,177 |
|
At 31 July 2025 |
4,147 |
|
3,030 |
|
7,177 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2024 |
3,301 |
|
2,584 |
|
5,885 |
|
Charge for the year |
127 |
|
112 |
|
239 |
|
At 31 July 2025 |
3,428 |
|
2,696 |
|
6,124 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2025 |
719 |
|
334 |
|
1,053 |
|
At 31 July 2024 |
846 |
|
446 |
|
1,292 |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
25,449 |
|
98,314 |
|
Other debtors |
693 |
|
1,002 |
|
|
|
|
|
|
26,142 |
|
99,316 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
75,261 |
|
86,913 |
|
Taxation and social security costs |
- |
|
22,518 |
|
Other creditors |
630 |
|
630 |
|
|
|
|
|
|
75,891 |
|
110,061 |
|
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| 6 |
Other information |
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CARGOSOLUTIONSUK LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
Unit 13B |
|
Graphica House |
|
Deanstone Lane |
|
Queensbury, Bradford |
|
BD13 2AS |