ARAB CARGO COMPANY LIMITED

ARAB CARGO COMPANY LIMITED

ARAB CARGO COMPANY LIMITED - Company Information

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ARAB CARGO COMPANY LIMITED

Company Registration Number:
02873699 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2020

Period of accounts

Start date: 01 November 2019

End date: 31 October 2020

ARAB CARGO COMPANY LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2020

Balance sheet
Notes

ARAB CARGO COMPANY LIMITED

Balance sheet

As at 31 October 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 210,251 160,992
Total fixed assets: 210,251 160,992
Current assets
Debtors:   651,649 537,737
Cash at bank and in hand: 165,171 132,606
Total current assets: 816,820 670,343
Creditors: amounts falling due within one year:   (224,884) (201,839)
Net current assets (liabilities): 591,936 468,504
Total assets less current liabilities: 802,187 629,496
Creditors: amounts falling due after more than one year:   (74,522)
Provision for liabilities: (11,457) (8,357)
Total net assets (liabilities): 716,208 621,139
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 716,108 621,039
Shareholders funds: 716,208 621,139

The notes form part of these financial statements

ARAB CARGO COMPANY LIMITED

Balance sheet statements

For the year ending 31 October 2020 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.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 July 2021
and signed on behalf of the board by:

Name: Mahmoud Keder Agha Hjrous
Status: Director

The notes form part of these financial statements

ARAB CARGO COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2020

1. Accounting policies

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

ARAB CARGO COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2020

2. Employees

2020 2019
Average number of employees during the period 25 28

ARAB CARGO COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2020

3. Tangible Assets

Total
Cost £
At 01 November 2019 429,165
Additions 88,881
At 31 October 2020 518,046
Depreciation
At 01 November 2019 268,173
Charge for year 39,622
At 31 October 2020 307,795
Net book value
At 31 October 2020 210,251
At 31 October 2019 160,992

ARAB CARGO COMPANY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2020

4. Loans to directors

Name of director receiving advance or credit: Mahmoud Keder Agha Hjrous
Description of the loan: During the year the directors entered into the following advances and credits with the company
£
Balance at 01 November 2019 1,817
Advances or credits made: 107,033
Advances or credits repaid: 68,021
Balance at 31 October 2020 40,829