UK_GLOBAL_LOGISTICS_LIMIT - Accounts

UK GLOBAL LOGISTICS LIMITED - Company Information

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Company Registration No. 08871720 (England and Wales)

UK GLOBAL LOGISTICS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

UK GLOBAL LOGISTICS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

UK GLOBAL LOGISTICS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

22,860

30,425

Current assets

Debtors

202,101

5,898

Cash at bank and in hand

7,391

1,276

209,492

7,174

Creditors: amounts falling due within one year

(10,839)

(45,069)

Net current assets/(liabilities)

198,653

(37,895)

Total assets less current liabilities

221,513

(7,470)

Creditors: amounts falling due after more than one year

(231,474)

(33,000)

(9,961)

(40,470)

Capital and reserves

Called up share capital

100

Profit and loss account

(10,061)

(40,570)

Shareholders' funds

(9,961)

(40,470)

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 23 December 2016

S Strickson

Director

Company Registration No. 08871720

UK GLOBAL LOGISTICS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Motor vehicles

25% reducing balance method

Fixed assets

Tangible assets

Cost

At 1 April 2015 & at 31 March 2016

34,748

Depreciation

At 1 April 2015

4,323

Charge for the year

7,565

At 31 March 2016

11,888

Net book value

At 31 March 2016

22,860

At 31 March 2015

30,425

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary of £1 each

100