REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 October 2020 |
|
for |
|
Key Cargo International Limited |
DRAFT
14/02/21 15:28 |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 October 2020 |
|
for |
|
Key Cargo International Limited |
Key Cargo International Limited (Registered number: 04054758) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 31 October 2020 |
|
DRAFT
14/02/21 15:28 |
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
Key Cargo International Limited |
|
Company Information |
for the Year Ended 31 October 2020 |
|
|
|
|
|
|
|
DRAFT
14/02/21 15:28 |
DIRECTORS: |
|
|
|
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
1 Ash Cottages |
Bury |
Lancashire |
BL8 1EZ |
Key Cargo International Limited (Registered number: 04054758) |
|
Balance Sheet |
31 October 2020 |
|
31.10.20 | 31.10.19 |
Notes | £ | £ | £ | £ |
DRAFT
14/02/21 15:28 |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Debtors | 5 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
7 |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings | 8 |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps 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 Sections 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. |
Key Cargo International Limited (Registered number: 04054758) |
|
Balance Sheet - continued |
31 October 2020 |
|
DRAFT
14/02/21 15:28 |
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the Board of Directors and authorised for issue on
signed on its behalf by: |
|
|
|
|
|
|
|
Key Cargo International Limited (Registered number: 04054758) |
|
Notes to the Financial Statements |
for the Year Ended 31 October 2020 |
DRAFT
14/02/21 15:28 |
|
1. | STATUTORY INFORMATION |
|
Key Cargo International Limited is a
|
company's registered number and registered office address can be found on the Company Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
The sales part of turnover on the profit and loss account is measured at the fair value of the consideration |
received or receivable, excluding discounts, rebates, value added tax and other sales taxes (which are shown |
separately). |
|
Tangible fixed assets |
|
Fixtures and office equipment | - |
|
|
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
|
Current or deferred taxation assets and liabilities are not material. |
|
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by 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 profit or loss in the period to which they relate. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
Key Cargo International Limited (Registered number: 04054758) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2020 |
DRAFT
14/02/21 15:28 |
|
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
office |
equipment |
£ |
COST |
At 1 November 2019 |
|
Additions |
|
At 31 October 2020 |
|
DEPRECIATION |
At 1 November 2019 |
|
Charge for year |
|
At 31 October 2020 |
|
NET BOOK VALUE |
At 31 October 2020 |
|
At 31 October 2019 |
|
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.20 | 31.10.19 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.20 | 31.10.19 |
£ | £ |
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31.10.20 | 31.10.19 |
£ | £ |
Bank loans |
|
|
Key Cargo International Limited (Registered number: 04054758) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2020 |
DRAFT
14/02/21 15:28 |
|
8. | RESERVES |
Retained |
earnings |
£ |
|
At 1 November 2019 |
|
Profit for the year |
|
Dividends | ( |
) |
At 31 October 2020 |
|
|
9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
|
There are loans to three of the directors of the company during the year as follows; |
|
£ |
Balance outstanding at start of year | 21,152 |
Amounts advanced | 15,717 |
Amounts repaid | (14,732 | ) |
Balance outstanding at end of year | 22,137 |
|
|
No individual loan is over £10,000. All Directors loans are unsecured, interest free and repayable upon demand. |
|
10. | RELATED PARTY DISCLOSURES |
|
The majority shareholder and controlling party is Castel International Limited. During the year this company |
charged £4,800 (2019: £5,200) to Key Cargo for management fees. At the year end the amount due to Castel was |
£24,308 (2019: £395). |
|
11. | ULTIMATE CONTROLLING PARTY |
|
During the year the company was controlled by Castel International Ltd. |