Emirates Logistics Services Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11544281 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2021

for

Emirates Logistics Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

H Ahmed

R Ward

Ms C Hastings

REGISTERED OFFICE:

Unit 3 Suite 11b Orwell House

Ferry Lane

Felixstowe

IP11 3QU

REGISTERED NUMBER:

11544281 (England and Wales)

ACCOUNTANTS:

Suffolk Tax Accountants Group

9 Byford Court

Crockatt Road

Hadleigh

Ipswich

Suffolk

IP7 6RD

FIXED ASSETS

Tangible assets

4

13,960

13,689

CURRENT ASSETS

Debtors

5

2,384,305

1,731,076

Cash at bank and in hand

488,601

50,917

2,872,906

1,781,993

CREDITORS

Amounts falling due within one year

6

2,284,487

1,509,227

NET CURRENT ASSETS

588,419

272,766

TOTAL ASSETS LESS CURRENT LIABILITIES

602,379

286,455

CREDITORS

Amounts falling due after more than one year

7

(46,152

)

-

PROVISIONS FOR LIABILITIES

(2,652

)

-

NET ASSETS

553,575

286,455

CAPITAL AND RESERVES

Called up share capital

400

30

Capital redemption reserve

9

-

Retained earnings

553,166

286,425

553,575

286,455

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 22 December 2021 and were signed on its behalf by:

H Ahmed - Director

1.	STATUTORY INFORMATION

Emirates Logistics Services Ltd is a private company, limited by shares , registered in England and Wales. The 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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Government grants

We have adopted the accrual model for the recognition of grants received in the period.

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 discounted.

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.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 13 (2020 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2020

15,974

Additions

4,271

At 30 September 2021

20,245

DEPRECIATION

At 1 October 2020

2,285

Charge for year

4,000

At 30 September 2021

6,285

NET BOOK VALUE

At 30 September 2021

13,960

At 30 September 2020

13,689

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

30.9.20

£

£

Trade debtors

2,332,230

1,721,172

Other debtors

52,075

9,904

2,384,305

1,731,076

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.21

30.9.20

£

£

Bank loans and overdrafts

1,322,805

736,179

Trade creditors

679,869

627,174

Taxation and social security

260,887

123,372

Other creditors

20,926

22,502

2,284,487

1,509,227

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.21

30.9.20

£

£

Bank loans

46,152

-