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TABS LOGISTICS LIMITED

Registered Number
13801231
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

TABS LOGISTICS LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

Philip Colin Tabner

Registered Address

Unit C , Anchor House School Lane
Chandler's Ford
Eastleigh
SO53 4DY

Registered Number

13801231 (England and Wales)
TABS LOGISTICS LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets567,27939,454
67,27939,454
Current assets
Debtors268,867321,303
Cash at bank and on hand305,77389,525
574,640410,828
Creditors amounts falling due within one year8(256,936)(297,430)
Net current assets (liabilities)317,704113,398
Total assets less current liabilities384,983152,852
Creditors amounts falling due after one year9(1,350)(5,400)
Net assets383,633147,452
Capital and reserves
Called up share capital100100
Profit and loss account383,533147,352
Shareholders' funds383,633147,452
The financial statements were approved and authorised for issue by the Director on 8 February 2024, and are signed on its behalf by:
Philip Colin Tabner
Director
Registered Company No. 13801231
TABS LOGISTICS LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery15
Vehicles15
Office Equipment33
Revenue recognition policy
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
4.Employee information

20232022
Average number of employees during the year22
5.Property, plant and equipment

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 January 2340,410-6681,13042,208
Additions1,84932,000-1,00034,849
At 31 December 2342,25932,0006682,13077,057
Depreciation and impairment
At 01 January 232,375-1232562,754
Charge for year5,8186751323997,024
At 31 December 238,1936752556559,778
Net book value
At 31 December 2334,06631,3254131,47567,279
At 31 December 2238,035-54587439,454
6.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Philip Colin Tabner38134,50580,20554,338
38134,50580,20554,338
The loans are interest free and repayable on demand
7.Debtors within one year

2023

2022

££
Trade debtors / trade receivables169,529288,264
Amounts owed by associates and joint ventures / participating interests-38
Other debtors54,3381
Prepayments and accrued income45,00033,000
Total268,867321,303
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables84,11792,949
Amounts owed to related parties-86,267
Taxation and social security167,125113,080
Finance lease and HP contracts4,0504,050
Accrued liabilities and deferred income1,6441,084
Total256,936297,430
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
9.Creditors after one year

2023

2022

££
Other creditors1,3505,400
Total1,3505,400
Long term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
10.Finance lease and HP contracts after one year

2023

2022

££
Finance lease and HP contracts1,3505,400