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REGISTERED NUMBER: 13368530 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

True Blue Logistics Ltd

True Blue Logistics Ltd (Registered number: 13368530)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


True Blue Logistics Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mrs C Ahmed
Mr T D A Curtis
Mr H Ahmed





REGISTERED OFFICE: Unit 4 Suite 13D
Orwell House
Ferry Lane
Felixstowe
Suffolk
IP11 3QQ





REGISTERED NUMBER: 13368530 (England and Wales)





ACCOUNTANTS: Suffolk Tax Accountants Group
9 Byford Court
Crockatt Road
Hadleigh
Suffolk
IP7 6RD

True Blue Logistics Ltd (Registered number: 13368530)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,142 2,639

CURRENT ASSETS
Debtors 5 546,010 530,333
Cash at bank and in hand 336,736 246,422
882,746 776,755
CREDITORS
Amounts falling due within one year 6 431,731 528,088
NET CURRENT ASSETS 451,015 248,667
TOTAL ASSETS LESS CURRENT LIABILITIES 455,157 251,306

PROVISIONS FOR LIABILITIES 8 1,035 502
NET ASSETS 454,122 250,804

CAPITAL AND RESERVES
Called up share capital 9 80 100
Capital redemption reserve 20 -
Retained earnings 454,022 250,704
SHAREHOLDERS' FUNDS 454,122 250,804

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors and authorised for issue on 29 August 2023 and were signed on its behalf by:





Mr H Ahmed - Director


True Blue Logistics Ltd (Registered number: 13368530)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

True Blue Logistics Ltd 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.

Turnover
Turnover represents the fair value of services provided during the period on client assignments. Turnover is recognised as contract activity progresses and the right to consideration is earned. Turnover excludes value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 1 ) .

True Blue Logistics Ltd (Registered number: 13368530)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022 - 3,548 3,548
Additions 556 2,175 2,731
At 30 June 2023 556 5,723 6,279
DEPRECIATION
At 1 July 2022 - 909 909
Charge for year 46 1,182 1,228
At 30 June 2023 46 2,091 2,137
NET BOOK VALUE
At 30 June 2023 510 3,632 4,142
At 30 June 2022 - 2,639 2,639

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 493,874 516,248
Other debtors 52,136 14,085
546,010 530,333

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 319,703 432,669
Taxation and social security 86,488 60,519
Other creditors 25,540 34,900
431,731 528,088

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.23 30.6.22
£    £   
Within one year 9,360 -
Between one and five years 17,940 -
27,300 -

8. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax
Accelerated capital allowances 1,035 502

True Blue Logistics Ltd (Registered number: 13368530)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2022 502
Provided during year 533
Balance at 30 June 2023 1,035

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
80 Ordinary 1 80 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 June 2023 and the period ended 30 June 2022:

30.6.23 30.6.22
£    £   
Mr T D A Curtis
Balance outstanding at start of year 180 -
Amounts advanced 30,000 180
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30,180 180

No S455 tax has been provided for in relation to this as the withdrawn balance was repaid within nine months of the financial year end.