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Company Registration No. 04616116 (England and Wales)
PAB Logistics Limited Unaudited accounts for the year ended 31 May 2023
PAB Logistics Limited Unaudited accounts Contents
Page
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PAB Logistics Limited Company Information for the year ended 31 May 2023
Director
Peter Boulton
Company Number
04616116 (England and Wales)
Registered Office
Unit 1 Spencroft Road Lymedale Industrial Estate Newcastle Staffs ST5 9HX UK
Accountants
Bramptons Accountants Ltd 20 George Street Newcastle-Under-Lyme Staffordshire ST5 1DJ
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PAB Logistics Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
158,169 
164,815 
Current assets
Inventories
- 
85,914 
Debtors
205,051 
234,966 
Cash at bank and in hand
278,431 
65,567 
483,482 
386,447 
Creditors: amounts falling due within one year
(195,127)
(216,168)
Net current assets
288,355 
170,279 
Total assets less current liabilities
446,524 
335,094 
Creditors: amounts falling due after more than one year
(30,834)
(38,100)
Net assets
415,690 
296,994 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
415,687 
296,991 
Shareholders' funds
415,690 
296,994 
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 June 2023 and were signed on its behalf by
Peter Boulton Director Company Registration No. 04616116
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PAB Logistics Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
PAB Logistics Limited is a private company, limited by shares, registered in England and Wales, registration number 04616116. The registered office is Unit 1 Spencroft Road, Lymedale Industrial Estate, Newcastle, Staffs, ST5 9HX, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
Motor vehicles
25%
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2022
137,633 
23,657 
97,278 
258,568 
At 31 May 2023
137,633 
23,657 
97,278 
258,568 
Depreciation
At 1 June 2022
- 
20,680 
73,073 
93,753 
Charge for the year
- 
595 
6,051 
6,646 
At 31 May 2023
- 
21,275 
79,124 
100,399 
Net book value
At 31 May 2023
137,633 
2,382 
18,154 
158,169 
At 31 May 2022
137,633 
2,977 
24,205 
164,815 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
190,551 
120,258 
Other debtors
14,500 
114,708 
205,051 
234,966 
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PAB Logistics Limited Notes to the Accounts for the year ended 31 May 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
140,475 
49,620 
Obligations under finance leases and hire purchase contracts
- 
10,692 
Trade creditors
12,418 
111,545 
Taxes and social security
42,234 
39,680 
Other creditors
- 
4,631 
195,127 
216,168 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
30,834 
38,100 
8
Average number of employees
During the year the average number of employees was 9 (2022: 10).
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