2022-03-01 03319682 2023-02-28 03319682 2022-03-01 2023-02-28 03319682 2022-02-28 03319682 2021-03-01 2022-02-28 03319682 uk-core:WithinOneYear uk-bus:Original 2022-02-28 03319682 uk-core:WithinOneYear uk-bus:Original 2023-02-28 03319682 uk-core:AfterOneYear uk-bus:Original 2022-02-28 03319682 uk-core:AfterOneYear uk-bus:Original 2023-02-28 03319682 uk-core:ShareCapital uk-bus:Original 2023-02-28 03319682 uk-core:ShareCapital uk-bus:Original 2022-02-28 03319682 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2023-02-28 03319682 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2022-02-28 03319682 uk-bus:Director1 uk-bus:Original 2022-03-01 2023-02-28 03319682 uk-core:NetGoodwill uk-bus:Original 2022-03-01 2023-02-28 03319682 uk-core:CommercialMotorVehicles uk-bus:Original 2022-03-01 2023-02-28 03319682 uk-core:FurnitureFittings uk-bus:Original 2022-03-01 2023-02-28 03319682 uk-core:Goodwill uk-bus:Original 2022-02-28 03319682 uk-core:Goodwill uk-bus:Original 2022-03-01 2023-02-28 03319682 uk-core:Goodwill uk-bus:Original 2023-02-28 03319682 uk-core:FurnitureFittings uk-bus:Original 2022-02-28 03319682 uk-core:CommercialMotorVehicles uk-bus:Original 2022-02-28 03319682 uk-core:CommercialMotorVehicles uk-bus:Original 2023-02-28 03319682 uk-core:FurnitureFittings uk-bus:Original 2023-02-28 03319682 uk-core:WithinOneYear uk-bus:Original 2023-02-28 03319682 uk-core:WithinOneYear uk-bus:Original 2022-02-28 03319682 uk-core:AfterOneYear uk-bus:Original uk-core:Secured 2023-02-28 03319682 uk-core:AfterOneYear uk-bus:Original uk-core:Secured 2022-02-28 iso4217:GBP xbrli:pure 03319682 uk-bus:AuditExemptWithAccountantsReport uk-bus:Original 2022-03-01 2023-02-28 03319682 uk-bus:FRS102 uk-bus:Original 2022-03-01 2023-02-28 03319682 uk-bus:FilletedAccounts uk-bus:Original 2022-03-01 2023-02-28 03319682 uk-bus:PrivateLimitedCompanyLtd uk-bus:Original 2022-03-01 2023-02-28
AB Logistics Limited
Registered Number:03319682
For the year ended 28 February 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2023
AB Logistics Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
03319682
As at 28 February 2023
AB Logistics Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
63,000
-
2
Property, plant and equipment
16,842
22,585
3
79,842
22,585
Current assets
Inventories
27,895
45,670
4
Trade and other receivables
78,269
59,219
5
21,154
Cash and cash equivalents
6,549
111,438
127,318
Trade and other payables: amounts falling due within one
year
(72,069)
(127,328)
6
55,249
(15,890)
Net current liabilities
Total assets less current liabilities
63,952
77,834
Trade and other payables: amounts falling due after more
than one year
(54,331)
(59,370)
7
4,582
Net assets
23,503
Capital and reserves
Called up share capital
1
1
Retained earnings
4,581
23,502
4,582
23,503
Shareholders' funds
For the year ended 28 February 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Adrian Barnes Director
These financial statements were approved and authorised for issue by the Board on 10 November 2023 and were signed by:
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4
Registered Number :
03319682
For the year ended 28 February 2023
AB Logistics Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 28 February 2023
AB Logistics Limited
Notes to the Financial Statements
Statutory Information
AB Logistics Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 03319682.
Registered address:
1 Ashwood Close
Branton
Doncaster
South Yorkshire
DN3 3UB
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of 10 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Straight line
Motor vehicles
25% Straight line
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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6
For the year ended 28 February 2023
AB Logistics Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 March 2022
32,000
Additions
70,000
At 28 February 2023
102,000
Amortisation
At 01 March 2022
32,000
7,000
Charge for year
At 28 February 2023
39,000
Net book value
At 28 February 2023
63,000
At 28 February 2022
-
3. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
£
£
£
Cost or
valuation
At 01 March 2022
47,326
15,391
31,935
2,619
2,619
-
Additions
-
(4,000)
Disposals
(4,000)
At 28 February 2023
27,935
18,010
45,945
Provision for depreciation and impairment
At 01 March 2022
24,741
13,757
10,984
Charge for year
8,362
1,378
6,984
(4,000)
-
(4,000)
On disposal
At 28 February 2023
29,103
15,135
13,968
At 28 February 2023
Net book value
13,967
2,875
16,842
At 28 February 2022
20,951
1,634
22,585
4. Inventories
2022
2023
£
£
Stocks
45,670
27,895
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7
For the year ended 28 February 2023
AB Logistics Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2022
2023
£
£
Trade debtors
55,598
64,089
Other debtors
3,621
14,180
78,269
59,219
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
15,026
9,496
Trade creditors
56,011
34,198
Taxation and social security
12,679
11,620
Other creditors
43,612
16,755
127,328
72,069
7. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
43,854
33,174
Other creditors
15,516
21,157
59,370
54,331
8. Average number of persons employed
During the year the average number of employees was 5 (2022 : 4)
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