Global Logistics Management Limited - Accounts to registrar (filleted) - small 17.3
Global Logistics Management Limited - Accounts to registrar (filleted) - small 17.3
| GLOBAL LOGISTICS MANAGEMENT LIMITED |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2017 |
| GLOBAL LOGISTICS MANAGEMENT LIMITED (REGISTERED NUMBER: 03147122) |
| Contents of the Financial Statements |
| for the year ended 31 December 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| GLOBAL LOGISTICS MANAGEMENT LIMITED |
| Company Information |
| for the year ended 31 December 2017 |
| Directors: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Accountants |
| New Derwent House |
| 69-73 Theobalds Road |
| London |
| WC1X 8TA |
| Bankers: |
| 67 High Street |
| Staines |
| Middlesex |
| TW18 4PU |
| GLOBAL LOGISTICS MANAGEMENT LIMITED (REGISTERED NUMBER: 03147122) |
| Balance Sheet |
| 31 December 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Debtors | 5 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 6 |
| Net current assets |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| Provisions for liabilities | 8 | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital | 9 |
| Share premium | 10 |
| Retained earnings | 10 |
| 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. |
| 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 by: |
| GLOBAL LOGISTICS MANAGEMENT LIMITED (REGISTERED NUMBER: 03147122) |
| Notes to the Financial Statements |
| for the year ended 31 December 2017 |
| 1. | Statutory information |
| Global Logistics Management Limited is a private company, limited by shares, domiciled in England and |
| Wales, registration number 03147122. The registered office is New Derwent House, 67-73 Theobalds Road, |
| London, WC1X 8TA. |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents amounts receivable for freight forwarding services net of VAT. Sales are recognised upon |
| invoicing the customers. |
| Tangible fixed assets |
| Plant and machinery | - |
| Motor vehicles | - |
| 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 |
| GLOBAL LOGISTICS MANAGEMENT LIMITED (REGISTERED NUMBER: 03147122) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2017 |
| 4. | Tangible fixed assets |
| Plant and | Motor |
| machinery | vehicles | Totals |
| £ | £ | £ |
| Cost |
| At 1 January 2017 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31 December 2017 |
| Depreciation |
| At 1 January 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 31 December 2017 |
| Net book value |
| At 31 December 2017 |
| At 31 December 2016 |
| 5. | Debtors: amounts falling due within one year |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | Creditors: amounts falling due within one year |
| 2017 | 2016 |
| £ | £ |
| Bank loan |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | Creditors: amounts falling due after more than one year |
| 2017 | 2016 |
| £ | £ |
| Bank loans |
| 8. | Provisions for liabilities |
| 2016 |
| £ |
| Deferred tax |
| Accelerated capital allowances |
| GLOBAL LOGISTICS MANAGEMENT LIMITED (REGISTERED NUMBER: 03147122) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2017 |
| 8. | Provisions for liabilities - continued |
| Deferred tax |
| £ |
| Balance at 1 January 2017 |
| Provided during year | ( |
) |
| Balance at 31 December 2017 | ( |
) |
| 9. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary | £1 | 60,000 | 60,000 |
| 10. | Reserves |
| Retained | Share |
| earnings | premium | Totals |
| £ | £ | £ |
| At 1 January 2017 | 523,060 |
| Profit for the year |
| At 31 December 2017 | 645,865 |
| 11. | Directors' advances, credits and guarantees |
| The following advances and credits to a director subsisted during the years ended 31 December 2017 and |
| 31 December 2016: |
| 2017 | 2016 |
| £ | £ |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) |
| 12. | Related party disclosures |
| Included in other creditors is £8,648 (2016: £34,397) owed to the director, A Berry. |
| 13. | Ultimate controlling party |
| The company is ultimately controlled by its directors who own 66.67% of the issued share capital. |