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REGISTERED NUMBER: 08924309 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

1st Class Logistics Uk Ltd

1st Class Logistics Uk Ltd (Registered number: 08924309)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


1st Class Logistics Uk Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: A Rowden





SECRETARY: R Upton





REGISTERED OFFICE: Worting House
Church Lane
Worting
Basingstoke
RG23 8PX





REGISTERED NUMBER: 08924309 (England and Wales)





ACCOUNTANTS: Andrew Spencer Associates Limited
Chartered Certified Accountants
328 Chatsworth Avenue
Cosham
Portsmouth
Hampshire
PO6 2UP

1st Class Logistics Uk Ltd (Registered number: 08924309)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 424,933 404,824
424,933 404,824

CURRENT ASSETS
Debtors 6 826,576 801,672
Cash at bank 2,363,133 2,210,757
3,189,709 3,012,429
CREDITORS
Amounts falling due within one year 7 (648,311 ) (830,988 )
NET CURRENT ASSETS 2,541,398 2,181,441
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,966,331

2,586,265

CREDITORS
Amounts falling due after more than one year 8 (260,270 ) (300,397 )

PROVISIONS FOR LIABILITIES 9 (80,074 ) (76,046 )
NET ASSETS 2,625,987 2,209,822

CAPITAL AND RESERVES
Called up share capital 10 114 114
Share premium 11,989 11,989
Retained earnings 2,613,884 2,197,719
SHAREHOLDERS' FUNDS 2,625,987 2,209,822

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

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

1st Class Logistics Uk Ltd (Registered number: 08924309)

Balance Sheet - continued
31 March 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 December 2023 and were signed by:





A Rowden - Director


1st Class Logistics Uk Ltd (Registered number: 08924309)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

1st Class Logistics Uk 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.

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.

These financial statements have been prepared for 1st Class Logistics UK Limited as a single entity.

Turnover
Turnover is measured at the fair value of services rendered, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised on the provision of services where the value of the services provided can be reliably measured.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost and 25% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - at varying rates on cost
Computer Equipment - Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

1st Class Logistics Uk Ltd (Registered number: 08924309)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2022 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 100,000
AMORTISATION
At 1 April 2022
and 31 March 2023 100,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 9,017 16,226 733,025 2,484 760,752
Additions - - 444,317 - 444,317
Disposals - - (264,649 ) - (264,649 )
At 31 March 2023 9,017 16,226 912,693 2,484 940,420
DEPRECIATION
At 1 April 2022 2,859 10,564 340,021 2,484 355,928
Charge for year 2,034 1,415 397,776 - 401,225
Eliminated on disposal - - (241,666 ) - (241,666 )
At 31 March 2023 4,893 11,979 496,131 2,484 515,487
NET BOOK VALUE
At 31 March 2023 4,124 4,247 416,562 - 424,933
At 31 March 2022 6,158 5,662 393,004 - 404,824

1st Class Logistics Uk Ltd (Registered number: 08924309)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS - continued

Included within the above net book value are £416,562 (2022: £393,004) of assets held on hire purchase.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 759,932 748,585
Other debtors 4,266 1,646
Directors' current accounts 62,378 51,441
826,576 801,672

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 65,053 50,254
Hire purchase contracts 295,025 296,538
Trade creditors 36,866 55,721
Tax 102,877 254,680
Social security and other taxes 24,593 15,345
VAT 91,547 139,254
Other creditors 31,350 18,196
Accrued expenses 1,000 1,000
648,311 830,988

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans more than 1 year 134,693 199,746
Hire purchase contracts 125,577 100,651
260,270 300,397

9. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 80,074 76,046

Deferred
tax
£   
Balance at 1 April 2022 76,046
Accelerated capital allowances 4,028
Balance at 31 March 2023 80,074

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
10,000 Ordinary £0.01 100 100
1,429 Ordinary A £0.01 14 14
114 114

1st Class Logistics Uk Ltd (Registered number: 08924309)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
A Rowden
Balance outstanding at start of year 51,441 32,460
Amounts advanced 62,437 51,481
Amounts repaid (51,500 ) (32,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 62,378 51,441

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Rowden.