Company Registration No. 04592359 (England and Wales)
A Plus International Express Parcels (UK) Ltd
Unaudited accounts
for the year ended 31 December 2018
A Plus International Express Parcels (UK) Ltd
Unaudited accounts
Contents
A Plus International Express Parcels (UK) Ltd
Company Information
for the year ended 31 December 2018
Company Number
04592359 (England and Wales)
Registered Office
UNIT 2
NEXUS CLOSE
FELTHAM
MIDDLESEX
TW14 0AF
A Plus International Express Parcels (UK) Ltd
Statement of financial position
as at 31 December 2018
Tangible assets
9,329
54,984
Cash at bank and in hand
136,387
105,769
Creditors: amounts falling due within one year
(420,579)
(379,299)
Net current assets
63,706
6,003
Total assets less current liabilities
73,035
60,987
Creditors: amounts falling due after more than one year
(5,856)
-
Called up share capital
132,585
132,585
Profit and loss account
(66,306)
(72,498)
Shareholders' funds
67,179
60,987
For the year ending 31 December 2018 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.
Approved by the Board on 27 September 2019.
T Zhang
Director
Company Registration No. 04592359
A Plus International Express Parcels (UK) Ltd
Notes to the Accounts
for the year ended 31 December 2018
A Plus International Express Parcels (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 04592359. The registered office is UNIT 2, NEXUS CLOSE, FELTHAM, MIDDLESEX, TW14 0AF.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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:
Land & buildings
10% on cost
Plant & machinery
25% on cost
Motor vehicles
20% on cost
Fixtures & fittings
20% on cost
Computer equipment
25% on cost
A Plus International Express Parcels (UK) Ltd
Notes to the Accounts
for the year ended 31 December 2018
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and
reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
A Plus International Express Parcels (UK) Ltd
Notes to the Accounts
for the year ended 31 December 2018
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the Director is required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The Directors do not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure.
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Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 January 2018
14,876
17,975
156,031
25,565
20,188
234,635
Disposals
-
-
(51,439)
-
-
(51,439)
At 31 December 2018
14,876
17,975
104,592
25,565
20,188
183,196
At 1 January 2018
4,959
12,583
122,276
22,672
17,161
179,651
Charge for the year
1,487
4,494
1,650
2,893
3,027
13,551
On disposals
-
-
(19,335)
-
-
(19,335)
At 31 December 2018
6,446
17,077
104,591
25,565
20,188
173,867
At 31 December 2018
8,430
898
1
-
-
9,329
At 31 December 2017
9,917
5,392
33,755
2,893
3,027
54,984
Trade debtors
209,281
266,785
Accrued income and prepayments
27,326
-
Other debtors
111,291
12,748
6
Creditors: amounts falling due within one year
2018
2017
Bank loans and overdrafts
2,421
-
Obligations under finance leases and hire purchase contracts
12,885
404
Trade creditors
295,612
315,962
Taxes and social security
9,200
309
Other creditors
98,661
62,624
A Plus International Express Parcels (UK) Ltd
Notes to the Accounts
for the year ended 31 December 2018
7
Creditors: amounts falling due after more than one year
2018
2017
Obligations under finance leases and hire purchase contracts
183
-
8
Average number of employees
During the year the average number of employees was 9 (2017: 10).
