Logillistics Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09394473 (England and Wales)

LOGILLISTICS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

S S Gill

REGISTERED OFFICE:

Sheringhs House

Park House Lane

SHEFFIELD

South Yorkshire

S9 1XA

REGISTERED NUMBER:

09394473 (England and Wales)

ACCOUNTANTS:

FINLAYSON & CO

Whitby Court

Abbey Road

Shepley

HUDDERSFIELD

West Yorkshire

HD8 8EL

FIXED ASSETS

Property, plant and equipment

4

1,627,719

940,816

CURRENT ASSETS

Debtors

5

529,244

595,860

Cash at bank

210,722

339,767

739,966

935,627

CREDITORS

Amounts falling due within one year

6

941,670

896,008

NET CURRENT (LIABILITIES)/ASSETS

(201,704

)

39,619

TOTAL ASSETS LESS CURRENT LIABILITIES

1,426,015

980,435

CREDITORS

Amounts falling due after more than one year

7

(864,369

)

(299,818

)

PROVISIONS FOR LIABILITIES

-

(110,593

)

NET ASSETS

561,646

570,024

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

561,546

569,924

SHAREHOLDERS' FUNDS

561,646

570,024

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30 September 2023 and were signed by:

S S Gill - Director

1.	STATUTORY INFORMATION

Logillistics Limited 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover

Revenue 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and Machinery

-

15% on reducing balance

Fixtures and Fittings

-

15% on cost

Motor Vehicles

-

20% on reducing balance

Computer Equipment

-

33% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

Motor

Computer

Machinery

Fittings

Vehicles

Equipment

Totals

£

£

£

£

£

COST

At 1 February 2022

42,812

6,376

1,670,884

22,730

1,742,802

Additions

-

-

1,066,969

6,170

1,073,139

Disposals

-

-

(302,866

)

-

(302,866

)

At 31 January 2023

42,812

6,376

2,434,987

28,900

2,513,075

DEPRECIATION

At 1 February 2022

10,796

4,387

779,436

7,367

801,986

Charge for year

5,650

737

229,043

7,181

242,611

Eliminated on disposal

-

-

(159,241

)

-

(159,241

)

At 31 January 2023

16,446

5,124

849,238

14,548

885,356

NET BOOK VALUE

At 31 January 2023

26,366

1,252

1,585,749

14,352

1,627,719

At 31 January 2022

32,016

1,989

891,448

15,363

940,816

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

Vehicles

£

COST

At 1 February 2022

1,236,942

Additions

947,970

Disposals

(174,284

)

Transfer to ownership

(395,726

)

At 31 January 2023

1,614,902

DEPRECIATION

At 1 February 2022

591,091

Charge for year

148,407

Eliminated on disposal

(90,698

)

Transfer to ownership

(310,506

)

At 31 January 2023

338,294

NET BOOK VALUE

At 31 January 2023

1,276,608

At 31 January 2022

645,851

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

377,554

526,181

Other debtors

151,690

69,679

529,244

595,860

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Hire purchase contracts

266,010

184,892

Trade creditors

233,859

211,293

Taxation and social security

4,130

-

Other creditors

437,671

499,823

941,670

896,008

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Hire purchase contracts

864,369

299,818

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

100

Ordinary

£1

100

100

9.	RELATED PARTY DISCLOSURES

During the year the company was loaned £NIL (2022: £NIL) from R Buddy Ltd, a company of controlled by the director. At the year end £65,00 (2022: £65,000) remained outstanding.

10.	INTERCOMPANY LOAN

Within other creditors there is a loan with R Buddy Limited, a company controlled by the director. During the year £NIL (2022: £40,000) was provided to R Buddy. At the year end £65,000 (2022: £65,000) remained outstanding.

Within other creditors there is a loan with Balor Limited, a company controlled by the director. During the year £380 (2022: £NIL) was repaid by Balor Ltd. At the year end £734 (2022: £1,114) remained outstanding.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 January 2023 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

FINLAYSON & CO

Whitby Court

Abbey Road

Shepley

HUDDERSFIELD

West Yorkshire

HD8 8EL

30 September 2023