Freight Shop Ltd - Accounts

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Registered Number: 08987735

England and Wales

Abridged Accounts

for the year ended 30 April 2021

for

FREIGHT SHOP LTD

Freight Shop Ltd
Contents Page
For the year ended 30 April 2021

Statement of financial position	1
Notes to the financial statements	2

Registered Number: 08987735 Freight Shop Ltd
Statement of Financial Position
As at 30 April 2021

	2021 £	2020 £
Fixed assets
Tangible fixed assets	4,922	5,162
	4,922	5,162
Current assets
Stocks	7,318	12,500
Debtors	879	-
Cash at bank and in hand	158,304	76,828
	166,501	89,328
Creditors: amount falling due within one year	(110,942)	(74,378)
Net current assets	55,559	14,950

Total assets less current liabilities	60,481	20,112
Net assets	60,481	20,112

Capital and reserves
Called up share capital	2	2
Profit and loss account	60,479	20,110
Shareholder's funds	60,481	20,112

For the year ended 30 April 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.

These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

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

The financial statements were approved by the board of directors on 28 January 2022 and were signed on its behalf by:

--------------------------------
Mrs Helen Lydia Adamczewski
Director

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Miss Adele Adamczewski
Director

Freight Shop Ltd
Notes to the Abridged Financial Statements
For the year ended 30 April 2021

General Information

Freight Shop Ltd is a private company, limited by shares, registered in England and Wales, registration number 08987735, registration address Albion House, Albion Street, Lewes, East Sussex, BN7 2NF

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	20% Reducing Balance
Computer Equipment	20% Reducing Balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 5 (2020 : 5).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Computer Equipment	Total
	£	£	£
At 01 May 2020	8,860	10,833	19,693
Additions	-	990	990
Disposals	-	-	-
At 30 April 2021	8,860	11,823	20,683
Depreciation
At 01 May 2020	6,538	7,993	14,531
Charge for year	464	766	1,230
On disposals	-	-	-
At 30 April 2021	7,002	8,759	15,761
Net book values
Closing balance as at 30 April 2021	1,858	3,064	4,922
Opening balance as at 01 May 2020	2,322	2,840	5,162