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REGISTERED NUMBER: 04662065 (England and Wales)





















LOGISTICA WORLD WIDE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023






LOGISTICA WORLD WIDE LIMITED (REGISTERED NUMBER: 04662065)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


LOGISTICA WORLD WIDE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: M S Bench





REGISTERED OFFICE: 5 Carousel Way
Riverside Prime
Northampton
Northamptonshire
NN3 9HG





REGISTERED NUMBER: 04662065 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

LOGISTICA WORLD WIDE LIMITED (REGISTERED NUMBER: 04662065)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 93,626 67,807

CURRENT ASSETS
Debtors 5 82,986 84,289
Cash at bank and in hand 61,044 79,246
144,030 163,535
CREDITORS
Amounts falling due within one year 6 138,763 135,599
NET CURRENT ASSETS 5,267 27,936
TOTAL ASSETS LESS CURRENT LIABILITIES 98,893 95,743

CREDITORS
Amounts falling due after more than one
year

7

(24,545

)

(35,454

)

PROVISIONS FOR LIABILITIES (17,789 ) (12,883 )
NET ASSETS 56,559 47,406

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 56,459 47,306
SHAREHOLDERS' FUNDS 56,559 47,406

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

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 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.

LOGISTICA WORLD WIDE LIMITED (REGISTERED NUMBER: 04662065)

BALANCE SHEET - continued
28 FEBRUARY 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 Statement of Comprehensive Income 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 S Bench - Director


LOGISTICA WORLD WIDE LIMITED (REGISTERED NUMBER: 04662065)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Logistica World Wide 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% 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.

LOGISTICA WORLD WIDE LIMITED (REGISTERED NUMBER: 04662065)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Government grants
Grants are accounted for under the accruals model as permitted by FRS102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income,

Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

LOGISTICA WORLD WIDE LIMITED (REGISTERED NUMBER: 04662065)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2022 144,045 111,990 256,035
Additions 21,257 34,491 55,748
Disposals - (19,898 ) (19,898 )
At 28 February 2023 165,302 126,583 291,885
DEPRECIATION
At 1 March 2022 112,761 75,467 188,228
Charge for year 10,509 12,899 23,408
Eliminated on disposal - (13,377 ) (13,377 )
At 28 February 2023 123,270 74,989 198,259
NET BOOK VALUE
At 28 February 2023 42,032 51,594 93,626
At 28 February 2022 31,284 36,523 67,807

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2022 23,823 39,795 63,618
Transfer to ownership (23,823 ) (39,795 ) (63,618 )
At 28 February 2023 - - -
DEPRECIATION
At 1 March 2022 19,562 26,754 46,316
Transfer to ownership 19,562 26,754 46,316
At 28 February 2023 39,124 53,508 92,632
NET BOOK VALUE
At 28 February 2023 (39,124 ) (53,508 ) (92,632 )
At 28 February 2022 4,261 13,041 17,302

LOGISTICA WORLD WIDE LIMITED (REGISTERED NUMBER: 04662065)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 45,057 47,635
Other debtors 37,929 36,654
82,986 84,289

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,909 10,909
Hire purchase contracts (see note 8) 38,548 7,596
Trade creditors 50,424 23,941
Corporation tax 22,252 21,692
Social security and other taxes 8,044 11,330
Other creditors 4,371 8,430
Directors' current accounts 918 1,495
Accruals and deferred income 3,297 50,206
138,763 135,599

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,909 10,909
Bank loans - 2-5 years 13,636 24,545
24,545 35,454

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year 38,548 7,596

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100