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REGISTERED NUMBER: 12180279 (England and Wales)








Unaudited Financial Statements

for the Year Ended

30 November 2023

for

Nivlac Logistics Limited

Nivlac Logistics Limited (Registered number: 12180279)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Nivlac Logistics Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: C B Williams





REGISTERED OFFICE: Westgate
54 Sandy Road
Norton
Stourbridge
West Midlands
DY8 3AH





REGISTERED NUMBER: 12180279 (England and Wales)





ACCOUNTANTS: Nicklin Accountancy Services Limited
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Nivlac Logistics Limited (Registered number: 12180279)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 244,002 76,836

CURRENT ASSETS
Debtors 5 215,837 131,900
Cash at bank and in hand 25,923 68,655
241,760 200,555
CREDITORS
Amounts falling due within one year 6 135,841 114,552
NET CURRENT ASSETS 105,919 86,003
TOTAL ASSETS LESS CURRENT
LIABILITIES

349,921

162,839

CREDITORS
Amounts falling due after more than one
year

7

(189,161

)

(51,508

)

PROVISIONS FOR LIABILITIES (34,975 ) (6,525 )
NET ASSETS 125,785 104,806

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 124,785 103,806
125,785 104,806

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

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

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 25 January 2024 and were signed by:





C B Williams - Director


Nivlac Logistics Limited (Registered number: 12180279)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Nivlac Logistics 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.

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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

Nivlac Logistics Limited (Registered number: 12180279)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 December 2022 2,437 137,917 140,354
Additions 308 221,908 222,216
Disposals - (4,000 ) (4,000 )
At 30 November 2023 2,745 355,825 358,570
DEPRECIATION
At 1 December 2022 519 62,999 63,518
Charge for year 479 53,235 53,714
Eliminated on disposal - (2,664 ) (2,664 )
At 30 November 2023 998 113,570 114,568
NET BOOK VALUE
At 30 November 2023 1,747 242,255 244,002
At 30 November 2022 1,918 74,918 76,836

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 119,853 124,937
Other debtors 95,984 6,963
215,837 131,900

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 14,000 14,000
Hire purchase contracts 44,776 14,700
Trade creditors 34,908 18,953
Taxation and social security 26,535 52,416
Other creditors 15,622 14,483
135,841 114,552

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 33,833 47,833
Hire purchase contracts 155,328 3,675
189,161 51,508

Nivlac Logistics Limited (Registered number: 12180279)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
C B Williams
Balance outstanding at start of year - -
Amounts advanced 16,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,000 -