Lojistico Limited Filleted accounts for Companies House (small and micro)

Lojistico Limited Filleted accounts for Companies House (small and micro)

LOJISTICO LTD - Company Information

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0 false false false false false false false false false true false false false false false false No description of principal activity 2022-02-01 Sage Accounts Production Advanced 2021 - FRS102_2021 131,333 34,822 xbrli:pure xbrli:shares iso4217:GBP 12383632 2022-02-01 2023-01-31 12383632 2023-01-31 12383632 2022-01-31 12383632 2021-02-01 2022-01-31 12383632 2022-01-31 12383632 bus:RegisteredOffice 2022-02-01 2023-01-31 12383632 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 12383632 bus:Director1 2022-02-01 2023-01-31 12383632 core:WithinOneYear 2023-01-31 12383632 core:WithinOneYear 2022-01-31 12383632 core:AfterOneYear 2023-01-31 12383632 core:AfterOneYear 2022-01-31 12383632 core:UKTax 2022-02-01 2023-01-31 12383632 core:UKTax 2021-02-01 2022-01-31 12383632 core:ShareCapital 2023-01-31 12383632 core:ShareCapital 2022-01-31 12383632 core:RetainedEarningsAccumulatedLosses 2023-01-31 12383632 core:RetainedEarningsAccumulatedLosses 2022-01-31 12383632 bus:SmallEntities 2022-02-01 2023-01-31 12383632 bus:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 12383632 bus:FullAccounts 2022-02-01 2023-01-31 12383632 bus:SmallCompaniesRegimeForDirectorsReport 2022-02-01 2023-01-31 12383632 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 12383632 bus:OrdinaryShareClass1 2023-01-31 12383632 bus:OrdinaryShareClass1 2022-01-31
COMPANY REGISTRATION NUMBER: 12383632
Lojistico Limited
Unaudited Financial Statements
31 January 2023
Lojistico Limited
Director's Report
Year ended 31 January 2023
The director presents his report and the unaudited financial statements of the company for the year ended 31 January 2023 .
Director
The director who served the company during the year was as follows:
Mr Y Ratzon
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 25 April 2023 and signed on behalf of the board by:
Mr Y Ratzon
Director
Registered office:
Suite 201, Unit 1
Colnbrook Cargo Centre
Old Bath Road
Slough
England
SL3 0NW
Lojistico Limited
Statement of Income and Retained Earnings
Year ended 31 January 2023
2023
2022
Note
£
£
Turnover
4
2,734,467
286,425
Cost of sales
2,345,516
233,081
------------
---------
Gross profit
388,951
53,344
Administrative expenses
223,997
88,772
---------
--------
Operating profit/(loss)
5
164,954
( 35,428)
---------
--------
Profit/(loss) before taxation
164,954
( 35,428)
Tax on profit/(loss)
7
33,621
( 606)
---------
--------
Profit/(loss) for the financial year and total comprehensive income
131,333
( 34,822)
---------
--------
All the activities of the company are from continuing operations.
Lojistico Limited
Statement of Financial Position
31 January 2023
2023
2022
Note
£
£
Current assets
Debtors
8
214,123
13,977
Cash at bank and in hand
176,630
30,290
---------
--------
390,753
44,267
Creditors: amounts falling due within one year
9
184,761
25,898
---------
--------
Net current assets
205,992
18,369
---------
--------
Total assets less current liabilities
205,992
18,369
Creditors: amounts falling due after more than one year
10
106,290
50,000
---------
--------
Net assets/(liabilities)
99,702
( 31,631)
---------
--------
Capital and reserves
Called up share capital
11
1
1
Profit and loss account
99,701
( 31,632)
--------
--------
Shareholders funds/(deficit)
99,702
( 31,631)
--------
--------
For the year ending 31 January 2023 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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of directors and authorised for issue on 25 April 2023 , and are signed on behalf of the board by:
Mr Y Ratzon
Director
Company registration number: 12383632
Lojistico Limited
Statement of Cash Flows
Year ended 31 January 2023
2023
2022
£
£
Cash flows from operating activities
Profit/(loss) for the financial year
131,333
( 34,822)
Adjustments for:
Tax on profit/(loss)
33,621
( 606)
Accrued expenses/(income)
107,287
( 20,606)
Changes in:
Trade and other debtors
( 200,146)
( 12,689)
Trade and other creditors
51,576
22,799
---------
--------
Cash generated from operations
123,671
( 45,924)
Tax received
–
606
---------
--------
Net cash from/(used in) operating activities
123,671
( 45,318)
---------
--------
Cash flows from financing activities
Proceeds from borrowings
22,669
–
---------
--------
Net cash from financing activities
22,669
–
---------
--------
Net increase/(decrease) in cash and cash equivalents
146,340
( 45,318)
Cash and cash equivalents at beginning of year
30,290
75,608
---------
--------
Cash and cash equivalents at end of year
176,630
30,290
---------
--------
Lojistico Limited
Notes to the Financial Statements
Year ended 31 January 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 201, Unit 1, Colnbrook Cargo Centre, Old Bath Road, Slough, SL3 0NW, England.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Turnover
The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.
5. Operating profit
Operating profit or loss is stated after charging:
2023
2022
£
£
Foreign exchange differences
2,013
8,036
-------
-------
6. Staff costs
The average number of persons employed by the company during the year, including the director, amounted to:
2023
2022
No.
No.
The aggregate payroll costs incurred during the year, relating to the above, were:
2023
2022
£
£
Wages and salaries
39,835
33,328
Social security costs
11,581
3,074
--------
--------
51,416
36,402
--------
--------
7. Tax on profit/(loss)
Major components of tax expense/(income)
2023
2022
£
£
Current tax:
UK current tax expense/(income)
33,621
( 606)
--------
----
Tax on profit/(loss)
33,621
( 606)
--------
----
8. Debtors
2023
2022
£
£
Trade debtors
209,306
5,412
Prepayments and accrued income
2,813
–
Corporation tax repayable
–
606
Other debtors
2,004
7,959
---------
--------
214,123
13,977
---------
--------
The debtors above include the following amounts falling due after more than one year:
2023
2022
£
£
Corporation tax repayable
–
606
----
----
9. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
71,639
7,599
Accruals and deferred income
109,787
2,500
Social security and other taxes
–
9,784
Other creditors - desc in a/cs
3,335
1,000
Other creditors
–
5,015
---------
--------
184,761
25,898
---------
--------
10. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
40,833
50,000
Corporation tax
33,621
–
Director loan accounts
31,836
–
---------
--------
106,290
50,000
---------
--------
11. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
12. Analysis of changes in net debt
At 1 Feb 2022
Cash flows
At 31 Jan 2023
£
£
£
Cash at bank and in hand
30,290
146,340
176,630
Debt due after one year
(50,000)
(22,669)
(72,669)
--------
---------
---------
( 19,710)
123,671
103,961
--------
---------
---------