Consolid8 Logistics Limited - Accounts to registrar (filleted) - small 17.3
Consolid8 Logistics Limited - Accounts to registrar (filleted) - small 17.3
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| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2017 |
| for |
| Consolid8 Logistics Limited |
| Consolid8 Logistics Limited (Registered number: 05748112) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2017 |
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| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Consolid8 Logistics Limited |
| Company Information |
| for the Year Ended 31 March 2017 |
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| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| Consolid8 Logistics Limited (Registered number: 05748112) |
| Balance Sheet |
| 31 March 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
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| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 10 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Consolid8 Logistics Limited (Registered number: 05748112) |
| Balance Sheet - continued |
| 31 March 2017 |
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| 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 on |
| Consolid8 Logistics Limited (Registered number: 05748112) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2017 |
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| 1. | STATUTORY INFORMATION |
| Consolid8 Logistics Limited is a |
| 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 |
| Turnover |
| The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of |
| Value Added Tax. |
| In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done |
| in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts |
| for on-going services is recognised by reference to the stage of completion. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
| fair value is recognised in profit or loss. |
| 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. |
| 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. |
| Consolid8 Logistics Limited (Registered number: 05748112) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2017 |
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| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and |
| machinery | fittings | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2016 |
| Additions |
| At 31 March 2017 |
| DEPRECIATION |
| At 1 April 2016 |
| Charge for year |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| 5. | INVESTMENT PROPERTY |
| No depreciation is provided for in respect of investment properties in accordance with the Financial Reporting |
| Standard for Smaller Entities (effective April 2008). Such properties are held for their investment potential and |
| not for consumption within the business. This is a departure from the Companies Act 2006 which requires all |
| properties to be depreciated and the directors consider that to depreciate them would not enable the financial |
| statements to give a true and fair view. Investment properties are stated at their market value at the balance sheet |
| date. |
| Fair value at 31 March 2017 is represented by: |
| £ |
| Valuation in 2012 | 550,000 |
| Valuation in 2016 | 35,000 |
| 585,000 |
| If investment property had not been revalued it would have been included at the following historical cost: |
| 2017 | 2016 |
| £ | £ |
| Cost | 406,315 | 406,315 |
| Investment property was valued on an open market basis on 31 March 2012 by the Directors of Consolid8 Logistics Ltd |
| . |
| Consolid8 Logistics Limited (Registered number: 05748112) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2017 |
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| 6. | DEBTORS |
| 2017 | 2016 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Other debtors |
| Amounts falling due after more than one year: |
| Other debtors |
| Aggregate amounts |
| The commercial loan held in other debtors due over one year is an arms length loan to an unrelated party on |
| which interest payments are being charged although within one year no capital repayments are set to be made. |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| VAT | 18,124 | 15,799 |
| Other creditors |
| Directors' current accounts | 3,922 | - |
| Accruals and deferred income |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Bank loans more than 5 years |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more than 5 years | 58,878 | 81,499 |
| Consolid8 Logistics Limited (Registered number: 05748112) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2017 |
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| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2017 | 2016 |
| £ | £ |
| Bank loans |
| Security for the invoice discounting is held over the book debts and security on the bank loan is held over the |
| property. |
| 10. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 April 2016 |
| and 31 March 2017 |
| 11. | CAPITAL COMMITMENTS |
| 2017 | 2016 |
| £ | £ |
| Contracted but not provided for in the |
| financial statements |
| 12. | RELATED PARTY DISCLOSURES |
| C8L Property Ltd |
| The directors of the Consolid8 Logistics Ltd also directors of C8L Property Ltd and at the year end there was |
| £17,547 (2016:£1,792) owing to C8L Property Ltd. |
| C8L Holding Ltd |
| Holding company |
| At the year end there was £380,500 (2016: £370,500) due from C8L Holding Ltd. |
| 13. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |
| C8L Holding Ltd is the ultimate controlling party by virtue of the 100% shareholding in the company and during |
| the year dividends of £100,000 (2016: £204,495) were paid to C8L Holding Ltd |