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Registered number: 13298562

Platinum Pace Logistics Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023

Prepared By:
DBR Accounts Limited
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT

Platinum Pace Logistics Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
DIRECTORS
C Atwell
S Atwell (Appointed 20 July 2023)
REGISTERED OFFICE
15 Goodwins Close
Little Canfield
Dunmow
CM6 1SQ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 13298562
ACCOUNTANTS
DBR Accounts Limited
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT

Platinum Pace Logistics Limited

ACCOUNTS
FOR THEYEARENDED31/03/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Platinum Pace Logistics Limited

BALANCE SHEET AT 31/03/2023
20232022
Notes££
FIXED ASSETS
Tangible assets317,25922,273
CURRENT ASSETS
Debtors47,2733,407
7,2733,407
CREDITORS: Amounts falling due within one year510,72632,214
NET CURRENT LIABILITIES(3,453)(28,807)
TOTAL ASSETS LESS CURRENT LIABILITIES13,806(6,534)
CAPITAL AND RESERVES
Called up share capital611
Profit and loss account13,805(6,535)
SHAREHOLDERS' FUNDS13,806(6,534)
For the year ending 31/03/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 03/11/2023 and signed on their behalf by
.............................
C Atwell
Director

Platinum Pace Logistics Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance25%
Equipmentreducing balance25%
1c. Financial Instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are initially measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
2. EMPLOYEES
20232022
No.No.
Average number of employees11

Platinum Pace Logistics Limited

3. TANGIBLE FIXED ASSETS
Commercial
VehiclesEquipmentTotal
£££
Cost
At 01/04/202229,26043729,697
Additions-739739
At 31/03/202329,2601,17630,436
Depreciation
At 01/04/20227,3151097,424
For the year5,4862675,753
At 31/03/202312,80137613,177
Net Book Amounts
At 31/03/202316,45980017,259
At 31/03/202221,94532822,273
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors7,2733,407
7,2733,407
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Directors current account9,76631,254
Accruals960960
10,72632,214

Platinum Pace Logistics Limited

6. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
11