ALL PORTS CUSTOMS CLEARANCE LTD

ALL PORTS CUSTOMS CLEARANCE LTD

ALL PORTS CUSTOMS CLEARANCE LTD - Company Information

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ALL PORTS CUSTOMS CLEARANCE LTD

Company Registration Number:
10666263 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2022

Period of accounts

Start date: 01 April 2021

End date: 31 January 2022

ALL PORTS CUSTOMS CLEARANCE LTD

Contents of the Financial Statements

for the Period Ended 31 January 2022

Balance sheet
Notes

ALL PORTS CUSTOMS CLEARANCE LTD

Balance sheet

As at 31 January 2022


Notes
10 months to 31 January 2022
2021


£
£
Fixed assets
Tangible assets: 3 20,911 22,000
Total fixed assets: 20,911 22,000
Current assets
Debtors: 4 67,382 106,976
Cash at bank and in hand: 116,820 105,544
Total current assets: 184,202 212,520
Creditors: amounts falling due within one year:   (122,284) (129,835)
Net current assets (liabilities): 61,918 82,685
Total assets less current liabilities: 82,829 104,685
Creditors: amounts falling due after more than one year:   (52,226) (74,837)
Total net assets (liabilities): 30,603 29,848
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 30,503 29,748
Shareholders funds: 30,603 29,848

The notes form part of these financial statements

ALL PORTS CUSTOMS CLEARANCE LTD

Balance sheet statements

For the year ending 31 January 2022 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 July 2022
and signed on behalf of the board by:

Name: Siming Wang
Status: Director

The notes form part of these financial statements

ALL PORTS CUSTOMS CLEARANCE LTD

Notes to the Financial Statements

for the Period Ended 31 January 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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.

Tangible fixed assets and depreciation policy

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-Plant and machinery- 20% reducing balance method

Intangible fixed assets and amortisation policy

Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

Other accounting policies

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. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

ALL PORTS CUSTOMS CLEARANCE LTD

Notes to the Financial Statements

for the Period Ended 31 January 2022

2. Employees

10 months to 31 January 2022 2021
Average number of employees during the period 3 3

Pensions-Contributions to defined contribution plans are expensed in the period to which they relate.

ALL PORTS CUSTOMS CLEARANCE LTD

Notes to the Financial Statements

for the Period Ended 31 January 2022

3. Tangible Assets

Total
Cost £
At 01 April 2021 22,000
Additions 6,350
At 31 January 2022 28,350
Depreciation
At 01 April 2021 0
Charge for year 7,439
At 31 January 2022 7,439
Net book value
At 31 January 2022 20,911
At 31 March 2021 22,000

ALL PORTS CUSTOMS CLEARANCE LTD

Notes to the Financial Statements

for the Period Ended 31 January 2022

4. Debtors

10 months to 31 January 2022 2021
££
Debtors due after more than one year: 67,382 106,976