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REGISTERED NUMBER: 05262691 (England and Wales)
















NORFOLK LOGISTICS COLD STORAGE &
DISTRIBUTION LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






NORFOLK LOGISTICS COLD STORAGE &
DISTRIBUTION LTD (REGISTERED NUMBER: 05262691)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


NORFOLK LOGISTICS COLD STORAGE &
DISTRIBUTION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: A.J. Stalker





REGISTERED OFFICE: Station Yard
Station Road
Trimley St Mary
Suffolk
IP11 0UB





REGISTERED NUMBER: 05262691 (England and Wales)





ACCOUNTANTS: CR Bland Baker Limited
Chartered Accountants
21 Lodge Lane
Grays
Essex
RM17 5RY

NORFOLK LOGISTICS COLD STORAGE &
DISTRIBUTION LTD (REGISTERED NUMBER: 05262691)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 83,699 24,059

CURRENT ASSETS
Debtors 5 452,113 329,280
Cash at bank and in hand 92,447 65,739
544,560 395,019
CREDITORS
Amounts falling due within one year 6 347,482 253,460
NET CURRENT ASSETS 197,078 141,559
TOTAL ASSETS LESS CURRENT
LIABILITIES

280,777

165,618

CREDITORS
Amounts falling due after more than one
year

7

(119,608

)

(118,850

)

PROVISIONS FOR LIABILITIES (3,800 ) -
NET ASSETS 157,369 46,768

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 157,368 46,767
SHAREHOLDERS' FUNDS 157,369 46,768

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.

NORFOLK LOGISTICS COLD STORAGE &
DISTRIBUTION LTD (REGISTERED NUMBER: 05262691)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2023


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2023 and were signed by:





A.J. Stalker - Director


NORFOLK LOGISTICS COLD STORAGE &
DISTRIBUTION LTD (REGISTERED NUMBER: 05262691)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Norfolk Logistics Cold Storage & Distribution 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - Over term of lease
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

NORFOLK LOGISTICS COLD STORAGE &
DISTRIBUTION LTD (REGISTERED NUMBER: 05262691)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 11 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 7,615 33,080 40,695
Additions - 91,716 91,716
Disposals - (28,540 ) (28,540 )
At 31 March 2023 7,615 96,256 103,871
DEPRECIATION
At 1 April 2022 1,652 14,984 16,636
Charge for year 1,523 15,475 16,998
Eliminated on disposal - (13,462 ) (13,462 )
At 31 March 2023 3,175 16,997 20,172
NET BOOK VALUE
At 31 March 2023 4,440 79,259 83,699
At 31 March 2022 5,963 18,096 24,059

NORFOLK LOGISTICS COLD STORAGE &
DISTRIBUTION LTD (REGISTERED NUMBER: 05262691)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022 28,540
Additions 61,098
Disposals (28,540 )
At 31 March 2023 61,098
DEPRECIATION
At 1 April 2022 13,146
Charge for year 13,711
Eliminated on disposal (13,462 )
At 31 March 2023 13,395
NET BOOK VALUE
At 31 March 2023 47,703
At 31 March 2022 15,394

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 137,829 163,865
Other debtors 314,284 165,415
452,113 329,280

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 30,031 27,347
Hire purchase contracts 7,331 3,824
Trade creditors 207,503 140,205
Taxation and social security 50,744 34,379
Other creditors 51,873 47,705
347,482 253,460

NORFOLK LOGISTICS COLD STORAGE &
DISTRIBUTION LTD (REGISTERED NUMBER: 05262691)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 85,314 115,345
Hire purchase contracts 34,294 3,505
119,608 118,850

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 41,625 7,329

The hire purchase creditor is secured on the asset acquired under the agreement.