Abbreviated Company Accounts - AIRPORT CARGO LIMITED

Abbreviated Company Accounts - AIRPORT CARGO LIMITED


Registered Number 04266594

AIRPORT CARGO LIMITED

Abbreviated Accounts

31 March 2014

AIRPORT CARGO LIMITED Registered Number 04266594

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 20,811 26,439
20,811 26,439
Current assets
Debtors 23,682 69,521
Cash at bank and in hand 28,296 13,304
51,978 82,825
Creditors: amounts falling due within one year (34,042) (20,383)
Net current assets (liabilities) 17,936 62,442
Total assets less current liabilities 38,747 88,881
Total net assets (liabilities) 38,747 88,881
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 38,647 88,781
Shareholders' funds 38,747 88,881
  • For the year ending 31 March 2014 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.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 12 December 2014

And signed on their behalf by:
MISS A BAWA, Director

AIRPORT CARGO LIMITED Registered Number 04266594

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents the total value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

2Tangible fixed assets
£
Cost
At 1 April 2013 122,052
Additions 1,309
Disposals -
Revaluations -
Transfers -
At 31 March 2014 123,361
Depreciation
At 1 April 2013 95,613
Charge for the year 6,937
On disposals -
At 31 March 2014 102,550
Net book values
At 31 March 2014 20,811
At 31 March 2013 26,439
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
100 Ordinary shares of £1 each 100 100