ACCOUNTS - Final Accounts

FREIGHT COMMODITY SERVICES LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-312022-01-01truecommodity derivatives broking22truetrue 06979618 2022-01-01 2022-12-31 06979618 2021-01-01 2021-12-31 06979618 2022-12-31 06979618 2021-12-31 06979618 c:Director1 2022-01-01 2022-12-31 06979618 d:ShareCapital 2022-12-31 06979618 d:ShareCapital 2021-12-31 06979618 d:RetainedEarningsAccumulatedLosses 2022-12-31 06979618 d:RetainedEarningsAccumulatedLosses 2021-12-31 06979618 c:EntityNoLongerTradingButTradedInPast 2022-01-01 2022-12-31 06979618 c:FRS102 2022-01-01 2022-12-31 06979618 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 06979618 c:FullAccounts 2022-01-01 2022-12-31 06979618 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 06979618 4 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 06979618

FREIGHT COMMODITY SERVICES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

FREIGHT COMMODITY SERVICES LIMITED

REGISTERED NUMBER: 06979618

BALANCE SHEET

AS AT 31 DECEMBER 2022

	2022	2021
	£	£

Capital and reserves
Called up share capital	2	2
Profit and loss account	(2)	(2)
	-	-

For the year ended 31 December 2022 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The 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 FRS 102 Section 1A - small entities.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 March 2023.

D Banaszkiewicz

Director

The notes on page 2 form part of these financial statements.

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FREIGHT COMMODITY SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1.	General information

The Company is a private company limited by shares, and is incorporated in England and Wales with registered number 06979618. The registered office is 80 Cannon Street, London EC4N 6HL.
The principal activity of the Company in the prior year was that of commodity derivatives broking. The Company is dormant in the current year.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

2.2

Revenue

Turnover represents the amounts receivable from customers and related undertakings excluding value added tax on commission earned from arranging the sale of freight derivatives.
Rendering of services
Commission on cleared trades is recognised in the month that the deal is agreed. Cleared trades that settle after the balance sheet date are treated as accrued income and are discounted using an appropriate market rate. All other commissions are recognised in the month of settlement. Those commissions received in advance of settlement from customers are treated as deferred income.

2.3

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

3.	Related party transactions
	The Company has taken advantage of the exemption provided in FRS 102 Section 1A from disclosing transactions with members of the same group that are wholly owned.

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