Logistica Europe Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08892273 (England and Wales)

LOGISTICA EUROPE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

C K Bench

SECRETARY:

C K Bench

REGISTERED OFFICE:

5 Carousel Way

Riverside Prime

Northampton

Northamptonshire

NN3 9HG

REGISTERED NUMBER:

08892273 (England and Wales)

ACCOUNTANTS:

Phipps Henson McAllister

Chartered Accountants

22-24 Harborough Road

Kingsthorpe

Northampton

NN2 7AZ

FIXED ASSETS

Tangible assets

4

16,671

22,227

CURRENT ASSETS

Debtors

5

242,865

267,714

Cash at bank and in hand

132,378

67,292

375,243

335,006

CREDITORS

Amounts falling due within one year

6

208,319

249,296

NET CURRENT ASSETS

166,924

85,710

TOTAL ASSETS LESS CURRENT LIABILITIES

183,595

107,937

CREDITORS

Amounts falling due after more than one year

7

(25,833

)

(35,833

)

PROVISIONS FOR LIABILITIES

(3,167

)

(4,223

)

NET ASSETS

154,595

67,881

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

154,593

67,879

SHAREHOLDERS' FUNDS

154,595

67,881

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 November 2023 and were signed by:

C K Bench - Director

1.	STATUTORY INFORMATION

Logistica Europe 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2022

and 31 March 2023

2,300

33,113

3,180

38,593

DEPRECIATION

At 1 April 2022

144

14,487

1,735

16,366

Charge for year

539

4,656

361

5,556

At 31 March 2023

683

19,143

2,096

21,922

NET BOOK VALUE

At 31 March 2023

1,617

13,970

1,084

16,671

At 31 March 2022

2,156

18,626

1,445

22,227

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

164,715

188,203

Other debtors

4,964

10,804

Prepayments

73,186

68,707

242,865

267,714

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

92,114

112,856

Corporation tax

28,433

17,409

Social security and other taxes

9,561

7,725

Other creditors

38,934

54,433

Directors' current accounts

12,561

31,753

Accrued expenses

16,716

15,120

208,319

249,296

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans - 1-2 years

10,000

10,000

Bank loans - 2-5 years

15,833

25,833

25,833

35,833

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2023

2022

£

£

Within one year

86,500

86,500

Between one and five years

346,000

346,000

In more than five years

173,000

259,500

605,500

692,000

The property lease is in relation to business premises at 5 Carousel Way, Riverside Prime Industrial Estate, Northampton.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

2

Ordinary

1

2

2