Freight Terminals Limited,Ltd - AccountsLtd - Accounts

Freight Terminals Limited,Ltd - AccountsLtd - Accounts

FREIGHT TERMINALS LIMITED - Company Information

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2020-01-01 01725570 2020-12-31 01725570 2020-01-01 2020-12-31 01725570 2019-12-31 01725570 2019-01-01 2019-12-31 01725570 uk-core:WithinOneYear 2019-12-31 01725570 uk-core:WithinOneYear 2020-12-31 01725570 uk-core:AfterOneYear 2019-12-31 01725570 uk-core:AfterOneYear 2020-12-31 01725570 uk-core:ShareCapital 2020-12-31 01725570 uk-core:ShareCapital 2019-12-31 01725570 uk-core:RetainedEarningsAccumulatedLosses 2020-12-31 01725570 uk-core:RetainedEarningsAccumulatedLosses 2019-12-31 01725570 uk-bus:Director1 2020-01-01 2020-12-31 01725570 uk-core:AfterOneYear uk-core:Secured 2020-12-31 01725570 uk-core:AfterOneYear uk-core:Secured 2019-12-31 iso4217:GBP xbrli:pure 01725570 uk-bus:AuditExemptWithAccountantsReport 2020-01-01 2020-12-31 01725570 uk-bus:FRS102 2020-01-01 2020-12-31 01725570 uk-bus:FullAccounts 2020-01-01 2020-12-31 01725570 uk-bus:PrivateLimitedCompanyLtd 2020-01-01 2020-12-31
Freight Terminals Limited
Registered Number:01725570
For the year ended 31 December 2020
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2020
Freight Terminals Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
01725570
As at 31 December 2020
Freight Terminals Limited
Statement of Financial Position
£
£
2019
2020
Notes
Current assets
Trade and other receivables
149,909
179,765
2
118
Cash and cash equivalents
6,217
185,982
150,027
Trade and other payables: amounts falling due within one
year
(148,957)
(134,912)
3
1,070
51,070
Net current assets
Total assets less current liabilities
51,070
1,070
Trade and other payables: amounts falling due after more
than one year
-
(50,000)
4
1,070
Net assets
1,070
Capital and reserves
Called up share capital
100
100
Retained earnings
970
970
1,070
1,070
Shareholders' funds
For the year ended 31 December 2020 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 of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
R Kumar Director
These financial statements were approved and authorised for issue by the Board on 03 November 2021 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 December 2020
Freight Terminals Limited
Notes to the Financial Statements
Statutory Information
Freight Terminals Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 01725570.
Registered address:
38A Graham Street
London
England
N1 8JX
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
In accordance with the terms of the leases and deeds of covenant, turnover comprises of recharges of directly incurred expenses of the site know as Town Quay Wharf, Barking, Essex.
2. Trade and other receivables
2019
2020
£
£
Other debtors
179,765
149,909
3. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Trade creditors
3,612
3,968
Taxation and social security
1,441
1,441
Other creditors
129,859
143,548
134,912
148,957
4. Trade and other payables: amounts falling due after more than one year
2019
2020
£
£
Bank loans and overdraft
50,000
-
2 of 3
5
For the year ended 31 December 2020
Freight Terminals Limited
Notes to the Financial Statements Continued
5. Average number of persons employed
During the year the average number of employees (including directors) was 1 (2019 : 1)
3 of 3