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REGISTERED NUMBER: 11073646 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2022

for

Oldfield Logistics Ltd

Oldfield Logistics Ltd (Registered number: 11073646)






Contents of the Financial Statements
for the Year Ended 30 November 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oldfield Logistics Ltd

Company Information
for the Year Ended 30 November 2022







DIRECTOR: Mr R Morgan





REGISTERED OFFICE: Cae Hen
Rhostryfan
Caernarfon
Gwynedd
LL54 7PN





REGISTERED NUMBER: 11073646 (England and Wales)





ACCOUNTANTS: Dunn & Ellis Cyf
Chartered Accountants
Adeilad St David's Building
Stryd Lombard Street
Porthmadog
Gwynedd
LL49 9AP

Oldfield Logistics Ltd (Registered number: 11073646)

Balance Sheet
30 November 2022

30.11.22 30.11.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,091 50,113

CURRENT ASSETS
Debtors 5 386,034 221,666
Cash at bank 391,754 77,693
777,788 299,359
CREDITORS
Amounts falling due within one year 6 589,867 171,210
NET CURRENT ASSETS 187,921 128,149
TOTAL ASSETS LESS CURRENT
LIABILITIES

228,012

178,262

CREDITORS
Amounts falling due after more than one
year

7

(67,878

)

(85,907

)

PROVISIONS FOR LIABILITIES (7,617 ) -
NET ASSETS 152,517 92,355

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 152,417 92,255
SHAREHOLDERS' FUNDS 152,517 92,355

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Oldfield Logistics Ltd (Registered number: 11073646)

Balance Sheet - continued
30 November 2022


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2023 and were signed by:





Mr R Morgan - Director


Oldfield Logistics Ltd (Registered number: 11073646)

Notes to the Financial Statements
for the Year Ended 30 November 2022

1. STATUTORY INFORMATION

Oldfield Logistics 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.

Plant & Machinery - 20%

Computer Equipment - 20%

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.

Hire purchase and leasing commitments
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 1 (2021 - 2 ) .

Oldfield Logistics Ltd (Registered number: 11073646)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2021
and 30 November 2022 67,494
DEPRECIATION
At 1 December 2021 17,381
Charge for year 10,022
At 30 November 2022 27,403
NET BOOK VALUE
At 30 November 2022 40,091
At 30 November 2021 50,113

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.22 30.11.21
£    £   
Trade debtors 345,461 187,404
Other debtors 40,573 34,262
386,034 221,666

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.22 30.11.21
£    £   
Trade creditors 538,337 163,195
Taxation and social security 50,152 7,363
Other creditors 1,378 652
589,867 171,210

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.22 30.11.21
£    £   
Hire purchase contracts 33,993 42,492
Other creditors 33,885 43,415
67,878 85,907

Oldfield Logistics Ltd (Registered number: 11073646)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2022 and 30 November 2021:

30.11.22 30.11.21
£    £   
Mr R Morgan
Balance outstanding at start of year 28,739 (6,734 )
Amounts advanced 11,834 35,473
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 40,573 28,739