Respond Logistics Limited
Registered number: 04449317
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 11,171 13,142
Current assets
Debtors 4 284,842 494,063
Cash at bank and in hand 596,247 393,490
881,089 887,553
Creditors: amounts falling due within one year 5 (539,600) (461,041)
Net current assets 341,489 426,512
Total assets less current liabilities 352,660 439,654
Provisions for liabilities (2,122) (2,497)
Net assets 350,538 437,157
Capital and reserves
Called up share capital 2 2
Profit and loss account 350,536 437,155
Shareholder's funds 350,538 437,157
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Fowler
Director
Approved by the board on 8 November 2023
Respond Logistics Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicle Over 3 years
Fixtures, fittings, tools and equipment 15% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 22 22
3 Tangible fixed assets Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 41,692 17,033 58,725
At 31 March 2023 41,692 17,033 58,725
Depreciation
At 1 April 2022 28,550 17,033 45,583
Charge for the year 1,971 - 1,971
At 31 March 2023 30,521 17,033 47,554
Net book value
At 31 March 2023 11,171 - 11,171
At 31 March 2022 13,142 - 13,142
4 Debtors 2023 2022
£ £
Trade debtors 92,842 494,063
Amounts owed by group undertakings and undertakings in which the company has a participating interest 192,000 -
284,842 494,063
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 187 21,249
Amounts owed to group undertakings and undertakings in which the company has a participating interest 117,899 184,906
Corporation tax 38,698 68,745
Other taxes and social security costs 71,898 103,634
Other creditors 310,918 82,507
539,600 461,041
6 Other information
Respond Logistics Limited is a private company limited by shares and incorporated in England. Its registered office is:
Hollybrook House, Church Street
Clifton
Shefford
Bedfordshire
SG17 5ET
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