REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 November 2021 to 31 March 2023 |
for |
Ewb Logistics Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 November 2021 to 31 March 2023 |
for |
Ewb Logistics Limited |
Ewb Logistics Limited (Registered number: 08941123) |
Contents of the Financial Statements |
for the Period 1 November 2021 to 31 March 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Ewb Logistics Limited |
Company Information |
for the Period 1 November 2021 to 31 March 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
9 Byford Court |
Crockatt Road |
Hadleigh |
Ipswich |
Suffolk |
IP7 6RD |
Ewb Logistics Limited (Registered number: 08941123) |
Balance Sheet |
31 March 2023 |
31.3.23 | 31.10.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Prepayments and accrued income |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | 8 | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
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 |
Ewb Logistics Limited (Registered number: 08941123) |
Notes to the Financial Statements |
for the Period 1 November 2021 to 31 March 2023 |
1. | STATUTORY INFORMATION |
Ewb Logistics Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
Taxation |
Taxation for the period 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 period 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. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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. |
Year-end date |
The year-end date has changed to be 31 March 2023 and so this financial period represents a 17 month period, where as the prior period was 12 month. As such the prior year comparatives are not entirely comparable. |
The year-end has been changed to represent a more appropriate financial year-end date for the company. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
Ewb Logistics Limited (Registered number: 08941123) |
Notes to the Financial Statements - continued |
for the Period 1 November 2021 to 31 March 2023 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and | Computer |
machinery | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 November 2021 |
Additions |
At 31 March 2023 |
DEPRECIATION |
At 1 November 2021 |
Charge for period |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 October 2021 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.10.21 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.23 | 31.10.21 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.23 | 31.10.21 |
£ | £ |
Bank loans |
8. | PROVISIONS FOR LIABILITIES |
31.3.23 | 31.10.21 |
£ | £ |
Deferred tax |
Accelerated capital allowances |
Deferred |
tax |
£ |
Provided during period |
Balance at 31 March 2023 |
Ewb Logistics Limited (Registered number: 08941123) |
Notes to the Financial Statements - continued |
for the Period 1 November 2021 to 31 March 2023 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.23 | 31.10.21 |
value: | £ | £ |
Ordinary | 1 | 100 | 100 |
10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the period ended 31 March 2023 and the year ended 31 October 2021: |
31.3.23 | 31.10.21 |
£ | £ |
D W Hill |
Balance outstanding at start of period | 31,837 | 26,754 |
Amounts advanced | - | 15,771 |
Amounts repaid | - | (10,688 | ) |
Amounts written off | (31,837 | ) | - |
Amounts waived | - | - |
Balance outstanding at end of period | - | 31,837 |
Balance outstanding at start of period |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |
Balance outstanding at start of period |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | (103,251 | ) | - |
Amounts waived | - | - |
Balance outstanding at end of period |
Overdrawn director loan accounts are being charged interest using the official interest rates provided by the government, whilst the company is paying s455 tax where the loan accounts were not repaid within 9 months. |
Where director loan accounts have been written off, these have been accounted for as deemed dividends. |