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REGISTERED NUMBER: 03130161 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

REFLEX LOGISTICS LTD

REFLEX LOGISTICS LTD (REGISTERED NUMBER: 03130161)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REFLEX LOGISTICS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr R R Johnston
Mrs B J S Johnston





SECRETARY: Mrs B J S Johnston





REGISTERED OFFICE: Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St Edmunds
Suffolk
IP31 2QY





REGISTERED NUMBER: 03130161 (England and Wales)





ACCOUNTANTS: Twinn Accountants Limited
Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY

REFLEX LOGISTICS LTD (REGISTERED NUMBER: 03130161)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,439 11,943

CURRENT ASSETS
Debtors 5 864 1,072

CREDITORS
Amounts falling due within one year 6 12,653 12,454
NET CURRENT LIABILITIES (11,789 ) (11,382 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,350

)

561

CREDITORS
Amounts falling due after more than one
year

7

(3,292

)

(4,646

)

PROVISIONS FOR LIABILITIES (1,459 ) (2,269 )
NET LIABILITIES (7,101 ) (6,354 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (7,201 ) (6,454 )
SHAREHOLDERS' FUNDS (7,101 ) (6,354 )

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 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.

REFLEX LOGISTICS LTD (REGISTERED NUMBER: 03130161)

BALANCE SHEET - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by:





Mr R R Johnston - Director


REFLEX LOGISTICS LTD (REGISTERED NUMBER: 03130161)

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

1. STATUTORY INFORMATION

Reflex 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 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.
Equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

REFLEX LOGISTICS LTD (REGISTERED NUMBER: 03130161)

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

4. TANGIBLE FIXED ASSETS
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 April 2022 1,174 19,813 20,987
Additions 499 - 499
Disposals (100 ) - (100 )
At 31 March 2023 1,573 19,813 21,386
DEPRECIATION
At 1 April 2022 1,144 7,900 9,044
Charge for year 2 2,978 2,980
Eliminated on disposal (77 ) - (77 )
At 31 March 2023 1,069 10,878 11,947
NET BOOK VALUE
At 31 March 2023 504 8,935 9,439
At 31 March 2022 30 11,913 11,943

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 486
VAT 255 -
Prepayments 609 586
864 1,072

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Loans & overdrafts 4,070 1,369
Trade creditors 1,666 1,608
Social security & other taxes 502 1,807
Directors' current accounts 4,335 5,615
Accrued expenses 2,080 2,055
12,653 12,454

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 1,390 1,390
Bank loans - 2-5 years 1,902 3,256
3,292 4,646

REFLEX LOGISTICS LTD (REGISTERED NUMBER: 03130161)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bounce Back Loan 4,649 6,002

The Bounce Back Loan is secured by the UK government.