REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 16 AUGUST 2022 TO 31 MARCH 2023 |
FOR |
VETERANS INTO LOGISTICS TRADING LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 16 AUGUST 2022 TO 31 MARCH 2023 |
FOR |
VETERANS INTO LOGISTICS TRADING LIMITED |
VETERANS INTO LOGISTICS TRADING LIMITED (REGISTERED NUMBER: 14300119) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 16 AUGUST 2022 TO 31 MARCH 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
VETERANS INTO LOGISTICS TRADING LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 16 AUGUST 2022 TO 31 MARCH 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Park House |
200 Drake Street |
Rochdale |
Lancashire |
OL16 1PJ |
VETERANS INTO LOGISTICS TRADING LIMITED (REGISTERED NUMBER: 14300119) |
BALANCE SHEET |
31 MARCH 2023 |
Notes | £ |
CURRENT ASSETS |
Debtors | 4 |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
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 |
VETERANS INTO LOGISTICS TRADING LIMITED (REGISTERED NUMBER: 14300119) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 16 AUGUST 2022 TO 31 MARCH 2023 |
1. | STATUTORY INFORMATION |
Veterans Into Logistics Trading Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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. |
Debtors |
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. |
Creditors and provisions |
Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. |
Significant Judgements and Estimates |
In the process of applying the entity's accounting policies management have not made any judgements that would have a significant effect on the amounts recognised in the financial statements. No estimations have been made that would have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
VETERANS INTO LOGISTICS TRADING LIMITED (REGISTERED NUMBER: 14300119) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 16 AUGUST 2022 TO 31 MARCH 2023 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other creditors |
6. | RELATED PARTY DISCLOSURES |
Veterans into Logistics Trading Limited is the wholly owned subsidiary of Veterans into Logistics CIO. (A Charity) |
Mr D J Groves is a director of Veterans into Logistics Trading Limited and is also a trustee of Veterans into Logistics CIO. |
Mr D Wright and Major I Battersby are directors in Veterans into Logistics Trading limited and are also classed as Key Management Personnel in Veterans into Logistics CIO. |
There were effectively joint contracts of employment and joint administrative and book keeping services shared between Veterans into Logistics Trading Limited and Veterans into Logistics CIO. |
Donations totalling £5,863 were made to Veterans Into Logistics CIO by Veterans into Logistics Trading Limited in the year. |
At 31 March 2023, there was a balance in Debtors of £68,232 due from Veterans into Logistics CIO. |