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REGISTERED NUMBER: 07214282 (England and Wales)









ALERT LOGISTICS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






ALERT LOGISTICS LIMITED (REGISTERED NUMBER: 07214282)

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


ALERT LOGISTICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Mr G S Lower





REGISTERED OFFICE: Station Yard
Station Road
Drax
Selby
North Yorkshire
YO8 8PD





REGISTERED NUMBER: 07214282 (England and Wales)





ACCOUNTANTS: KTC
Chartered Certified Accountants
80 West View
Barlby Road
Selby
North Yorkshire
YO8 5BD

ALERT LOGISTICS LIMITED (REGISTERED NUMBER: 07214282)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 65,413 70,913
Tangible assets 5 957,830 1,169,511
1,023,243 1,240,424

CURRENT ASSETS
Debtors 6 637,552 680,541
Cash at bank and in hand 78,630 157,243
716,182 837,784
CREDITORS
Amounts falling due within one year 7 951,542 902,651
NET CURRENT LIABILITIES (235,360 ) (64,867 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

787,883

1,175,557

CREDITORS
Amounts falling due after more than one
year

8

(420,257

)

(668,606

)

PROVISIONS FOR LIABILITIES (237,722 ) (272,873 )
NET ASSETS 129,904 234,078

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 129,804 233,978
SHAREHOLDERS' FUNDS 129,904 234,078

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.

ALERT LOGISTICS LIMITED (REGISTERED NUMBER: 07214282)

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 director and authorised for issue on 9 November 2023 and were signed by:





Mr G S Lower - Director


ALERT LOGISTICS LIMITED (REGISTERED NUMBER: 07214282)

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


1. STATUTORY INFORMATION

Alert Logistics Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Cherished registrations are being amortised evenly over their estimated useful life of ten years.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Commercial 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.

ALERT LOGISTICS LIMITED (REGISTERED NUMBER: 07214282)

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.

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 30 (2022 - 27 ) .

4. INTANGIBLE FIXED ASSETS
Cherished
Goodwill registrations Totals
£    £    £   
COST
At 1 April 2022 130,000 8,295 138,295
Additions - 2,029 2,029
At 31 March 2023 130,000 10,324 140,324
AMORTISATION
At 1 April 2022 63,917 3,465 67,382
Amortisation for year 6,500 1,029 7,529
At 31 March 2023 70,417 4,494 74,911
NET BOOK VALUE
At 31 March 2023 59,583 5,830 65,413
At 31 March 2022 66,083 4,830 70,913

ALERT LOGISTICS LIMITED (REGISTERED NUMBER: 07214282)

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


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Commercial
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022 44,768 15,821 1,952,264 2,012,853
Additions 12,452 1,294 85,225 98,971
At 31 March 2023 57,220 17,115 2,037,489 2,111,824
DEPRECIATION
At 1 April 2022 32,853 8,832 801,657 843,342
Charge for year 3,168 2,073 305,411 310,652
At 31 March 2023 36,021 10,905 1,107,068 1,153,994
NET BOOK VALUE
At 31 March 2023 21,199 6,210 930,421 957,830
At 31 March 2022 11,915 6,989 1,150,607 1,169,511

The net book value of tangible fixed assets includes £ 930,421 (2022 - £ 1,150,607 ) in respect of assets held under hire purchase contracts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 623,120 664,128
Prepayments and accrued income 14,432 16,413
637,552 680,541

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,934 9,687
Hire purchase contracts 308,581 344,125
Trade creditors 139,062 184,624
Tax 48,877 7,122
Social security and other taxes 17,482 14,022
VAT 115,852 71,637
Debt factoring advance 273,926 214,489
Directors' current accounts 61 10
Accrued expenses 37,767 56,935
951,542 902,651

ALERT LOGISTICS LIMITED (REGISTERED NUMBER: 07214282)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 23,274 33,206
Hire purchase contracts 396,983 635,400
420,257 668,606

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 705,564 979,525
Debt factoring advance 273,926 214,489
979,490 1,194,014