1 June 2021 false No description of principal activity Taxfiler 2022.8.3 11351778business:PrivateLimitedCompanyLtd2021-06-012022-05-31 113517782021-05-31 113517782021-06-012022-05-31 11351778business:AuditExemptWithAccountantsReport2021-06-012022-05-31 11351778business:FullAccounts2021-06-012022-05-31 113517782022-05-31 11351778business:Director12021-06-012022-05-31 11351778business:RegisteredOffice2021-06-012022-05-31 113517782021-05-31 11351778core:WithinOneYear2022-05-31 11351778core:WithinOneYear2021-05-31 11351778core:ShareCapital2022-05-31 11351778core:ShareCapital2021-05-31 11351778core:RetainedEarningsAccumulatedLosses2022-05-31 11351778core:RetainedEarningsAccumulatedLosses2021-05-31 11351778business:SmallEntities2021-06-012022-05-31 11351778countries:EnglandWales2021-06-012022-05-31 11351778core:MotorVehicles2021-06-012022-05-31 11351778core:ComputerEquipment2021-06-012022-05-31 11351778core:MotorVehicles2021-05-31 11351778core:ComputerEquipment2021-05-31 11351778core:MotorVehicles2022-05-31 11351778core:ComputerEquipment2022-05-31 11351778business:Director112021-06-012022-05-31 11351778business:Director112021-05-31 11351778business:Director112022-05-31 113517782020-06-012021-05-31 iso4217:GBP xbrli:pure
Company Registration No. 11351778 (England and Wales)
IYI Logistics LTD Unaudited accounts for the year ended 31 May 2022
IYI Logistics LTD Unaudited accounts Contents
Page
- 2 -
IYI Logistics LTD Company Information for the year ended 31 May 2022
Director
I Y Izet
Company Number
11351778 (England and Wales)
Registered Office
203 West Street Fareham Hampshire PO16 0EN United Kingdom
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
- 3 -
IYI Logistics LTD Accountants' report
Accountants' report to the director of IYI Logistics LTD on the preparation of the unaudited statutory accounts for the year ended 31 May 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of IYI Logistics LTD for the year ended 31 May 2022 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of IYI Logistics LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of IYI Logistics LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than IYI Logistics LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that IYI Logistics LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of IYI Logistics LTD. You consider that IYI Logistics LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of IYI Logistics LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 30 June 2022
- 4 -
IYI Logistics LTD Statement of financial position as at 31 May 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
9,704 
10,039 
Current assets
Debtors
780 
1,075 
Cash at bank and in hand
24,839 
3,942 
25,619 
5,017 
Creditors: amounts falling due within one year
(19,382)
(10,188)
Net current assets/(liabilities)
6,237 
(5,171)
Net assets
15,941 
4,868 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
15,841 
4,768 
Shareholders' funds
15,941 
4,868 
For the year ending 31 May 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 June 2022 and were signed on its behalf by
I Y Izet Director Company Registration No. 11351778
- 5 -
IYI Logistics LTD Notes to the Accounts for the year ended 31 May 2022
1
Statutory information
IYI Logistics LTD is a private company, limited by shares, registered in England and Wales, registration number 11351778. The registered office is 203 West Street, Fareham, Hampshire, PO16 0EN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on reducing balance
Computer equipment
25% on reducing balance
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2021
11,753 
- 
11,753 
Additions
2,515 
1,187 
3,702 
Disposals
(1,913)
- 
(1,913)
At 31 May 2022
12,355 
1,187 
13,542 
Depreciation
At 1 June 2021
1,714 
- 
1,714 
Charge for the year
2,084 
40 
2,124 
At 31 May 2022
3,798 
40 
3,838 
Net book value
At 31 May 2022
8,557 
1,147 
9,704 
At 31 May 2021
10,039 
- 
10,039 
5
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Accrued income and prepayments
780 
1,075 
- 6 -
IYI Logistics LTD Notes to the Accounts for the year ended 31 May 2022
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Taxes and social security
2,934 
11 
Loans from directors
15,425 
9,467 
Accruals
1,023 
710 
19,382 
10,188 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
I Y Izet
Director Loan Account
(9,467)
283 
6,241 
(15,425)
(9,467)
283 
6,241 
(15,425)
8
Average number of employees
During the year the average number of employees was 2 (2021: 1).
- 7 -