GLOBAL CARGO EXPRESS LTD

GLOBAL CARGO EXPRESS LTD

GLOBAL CARGO EXPRESS LTD - Company Information

Print Friendly Version

GLOBAL CARGO EXPRESS LTD

Company Registration Number:
09976800 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2018

Period of accounts

Start date: 01 February 2017

End date: 31 January 2018

GLOBAL CARGO EXPRESS LTD

Contents of the Financial Statements

for the Period Ended 31 January 2018

Balance sheet
Notes

GLOBAL CARGO EXPRESS LTD

Balance sheet

As at 31 January 2018


Notes
2018
2017


£
£
Fixed assets
Intangible assets: 2 150,000 190,500
Tangible assets: 3 15,000 43,400
Total fixed assets: 165,000 233,900
Current assets
Stocks: 140,000 203,300
Debtors:   30,000 64,500
Cash at bank and in hand: 150,000 12,490
Total current assets: 320,000 280,290
Creditors: amounts falling due within one year: 4 (140,000)
Net current assets (liabilities): 180,000 280,290
Total assets less current liabilities: 345,000 514,190
Creditors: amounts falling due after more than one year: 5 (150,000) (111,000)
Provision for liabilities:   (9,300)
Total net assets (liabilities): 195,000 393,890
Capital and reserves
Called up share capital: 1 1
Other reserves: 194,999 325,909
Profit and loss account: 0 67,980
Shareholders funds: 195,000 393,890

The notes form part of these financial statements

GLOBAL CARGO EXPRESS LTD

Balance sheet statements

For the year ending 31 January 2018 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.

This report was approved by the board of directors on 22 February 2018
and signed on behalf of the board by:

Name: Tahar Choudhry
Status: Director

The notes form part of these financial statements

GLOBAL CARGO EXPRESS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2018

1. Accounting policies

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

GLOBAL CARGO EXPRESS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2018

2. Intangible Assets

Total
Cost £
At 01 February 2017 190,500
Additions 100,000
Disposals (150,000)
Revaluations 9,500
At 31 January 2018 150,000
Net book value
At 31 January 2018 150,000
At 31 January 2017 190,500

GLOBAL CARGO EXPRESS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2018

3. Tangible Assets

Total
Cost £
At 01 February 2017 43,400
Disposals (28,400)
At 31 January 2018 15,000
Net book value
At 31 January 2018 15,000
At 31 January 2017 43,400

GLOBAL CARGO EXPRESS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2018

4. Creditors: amounts falling due within one year note

Stock given to us on loan by supplier.

GLOBAL CARGO EXPRESS LTD

Notes to the Financial Statements

for the Period Ended 31 January 2018

5. Creditors: amounts falling due after more than one year note

Monies falling due for payment on demand after one year from Jasvinder Mahal