NLH Logistics Limited - Period Ending 2021-01-31

NLH Logistics Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

NLH Logistics Limited

(Registration number: 08888784)
Balance Sheet as at 31 January 2021

	Note	2021 £	2020 £
Fixed assets
Tangible assets	4	71,901	-
Other investments	5	380,950	303,574
		452,851	303,574
Current assets
Debtors	6	603,581	299,327
Cash at bank and in hand		6,173	23,901
		609,754	323,228
Creditors: Amounts falling due within one year	7	(879,326)	(580,424)
Net current liabilities		(269,572)	(257,196)
Total assets less current liabilities		183,279	46,378
Creditors: Amounts falling due after more than one year	7	(43,310)	(39,345)
Provisions for liabilities		(11,905)	-
Net assets		128,064	7,033
Capital and reserves
Called up share capital		100	1
Profit and loss account		127,964	7,032
Total equity		128,064	7,033

For the financial year ending 31 January 2021 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

NLH Logistics Limited

(Registration number: 08888784)
Balance Sheet as at 31 January 2021

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Directors' Report has been taken.

Approved and authorised by the director on 12 May 2021
 

.........................................

Mr D Johnson
Director

NLH Logistics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2021

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

NLH Logistics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2021

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 21 (2020 - 17).

NLH Logistics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2021

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
Additions	8,009	54,753	17,002	79,764
At 31 January 2021	8,009	54,753	17,002	79,764
Depreciation
Charge for the year	877	5,836	1,150	7,863
At 31 January 2021	877	5,836	1,150	7,863
Carrying amount
At 31 January 2021	7,132	48,917	15,852	71,901

5	Other investments

	Other investments £	Total £
Other investments
Cost or valuation
At 1 February 2020	303,574	303,574
Additions	114,148	114,148
At 31 January 2021	417,722	417,722
Impairment
Losses made in the period	36,772	36,772
At 31 January 2021	36,772	36,772
Carrying amount
At 31 January 2021	380,950	380,950

NLH Logistics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2021

6

Debtors

	2021 £	2020 £
Trade debtors	553,585	281,819
Other debtors	49,996	17,508
	603,581	299,327

NLH Logistics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2021

7

Creditors

Creditors: amounts falling due within one year

	Note	2021 £	2020 £
Due within one year
Loans and borrowings	8	39,968	146,638
Trade creditors		218,411	71,181
Taxation and social security		258,924	48,316
Other creditors		362,023	314,289
		879,326	580,424

Creditors: amounts falling due after more than one year

	Note	2021 £	2020 £
Due after one year
Loans and borrowings	8	43,310	39,345

8	Loans and borrowings

	2021 £	2020 £
Non-current loans and borrowings
Bank loans	43,310	39,345

	2021 £	2020 £
Current loans and borrowings
Bank loans	36,391	106,638
Other loans	3,577	40,000
	39,968	146,638