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REGISTERED NUMBER: 11500758 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2022

for

ML Logistics 23 Ltd

ML Logistics 23 Ltd (Registered number: 11500758)






Contents of the Financial Statements
for the Year Ended 31 August 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ML Logistics 23 Ltd

Company Information
for the Year Ended 31 August 2022







DIRECTOR: M A Lockwood





REGISTERED OFFICE: The Old Doctor's House
74 Grange Road
Dudley
West Midlands
DY1 2AW





REGISTERED NUMBER: 11500758 (England and Wales)

ML Logistics 23 Ltd (Registered number: 11500758)

Abridged Balance Sheet
31 August 2022

31.8.22 31.8.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 93,842 119,724

CURRENT ASSETS
Debtors 113,839 91,386
Cash at bank 1 666
113,840 92,052
CREDITORS
Amounts falling due within one year 217,534 112,441
NET CURRENT LIABILITIES (103,694 ) (20,389 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,852

)

99,335

CREDITORS
Amounts falling due after more than one
year

5

73,727

101,572
NET LIABILITIES (83,579 ) (2,237 )

CAPITAL AND RESERVES
Called up share capital 6 10 10
Retained earnings (83,589 ) (2,247 )
SHAREHOLDERS' FUNDS (83,579 ) (2,237 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 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.

ML Logistics 23 Ltd (Registered number: 11500758)

Abridged Balance Sheet - continued
31 August 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 November 2023 and were signed by:





M A Lockwood - Director


ML Logistics 23 Ltd (Registered number: 11500758)

Notes to the Financial Statements
for the Year Ended 31 August 2022

1. STATUTORY INFORMATION

ML Logistics 23 Ltd 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.

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.

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.

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 6 (2021 - 5 ) .

ML Logistics 23 Ltd (Registered number: 11500758)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2022

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2021 135,191
Additions 4,500
At 31 August 2022 139,691
DEPRECIATION
At 1 September 2021 15,467
Charge for year 30,382
At 31 August 2022 45,849
NET BOOK VALUE
At 31 August 2022 93,842
At 31 August 2021 119,724

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 September 2021
and 31 August 2022 125,495
DEPRECIATION
At 1 September 2021 13,514
Charge for year 27,995
At 31 August 2022 41,509
NET BOOK VALUE
At 31 August 2022 83,986
At 31 August 2021 111,981

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.8.22 31.8.21
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 6,528 9,306

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.22 31.8.21
value: £    £   
10 Ordinary £1 10 10

ML Logistics 23 Ltd (Registered number: 11500758)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2022

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2022 and 31 August 2021:

31.8.22 31.8.21
£    £   
M A Lockwood
Balance outstanding at start of year 36,703 21,893
Amounts advanced 33,673 17,822
Amounts repaid (46,585 ) (3,012 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,791 36,703