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REGISTERED NUMBER: 06414781 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023

FOR

PROMOLOGISTICS LIMITED

PROMOLOGISTICS LIMITED (REGISTERED NUMBER: 06414781)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PROMOLOGISTICS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023







DIRECTOR: J G Lamb





REGISTERED OFFICE: Unit 10
Goldsworth Industrial Estate
Kestrel Way
Woking
GU21 3BA





REGISTERED NUMBER: 06414781 (England and Wales)





ACCOUNTANTS: Holloway Cook Limited
Epping House
55 Russell Street
Reading
Berkshire
RG1 7XG

PROMOLOGISTICS LIMITED (REGISTERED NUMBER: 06414781)

BALANCE SHEET
30 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,389 17,500
Tangible assets 5 205,460 46,179
220,849 63,679

CURRENT ASSETS
Debtors 6 533,688 597,687
Cash at bank 190,265 304,956
723,953 902,643
CREDITORS
Amounts falling due within one year 7 342,150 739,448
NET CURRENT ASSETS 381,803 163,195
TOTAL ASSETS LESS CURRENT
LIABILITIES

602,652

226,874

CREDITORS
Amounts falling due after more than one
year

8

(192,593

)

(120,815

)

PROVISIONS FOR LIABILITIES (39,603 ) (8,775 )
NET ASSETS 370,456 97,284

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 370,455 97,283
370,456 97,284

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

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

PROMOLOGISTICS LIMITED (REGISTERED NUMBER: 06414781)

BALANCE SHEET - continued
30 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 March 2024 and were signed by:





J G Lamb - Director


PROMOLOGISTICS LIMITED (REGISTERED NUMBER: 06414781)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023

1. STATUTORY INFORMATION

Promologistics 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.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Taxation
Taxation for the period 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 period 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
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.

PROMOLOGISTICS LIMITED (REGISTERED NUMBER: 06414781)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023

2. ACCOUNTING POLICIES - continued

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 period was 17 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022 17,500
Additions 3,000
At 30 March 2023 20,500
AMORTISATION
Charge for period 5,111
At 30 March 2023 5,111
NET BOOK VALUE
At 30 March 2023 15,389
At 31 March 2022 17,500

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 39,906 295,476 335,382
Additions - 224,890 224,890
At 30 March 2023 39,906 520,366 560,272
DEPRECIATION
At 1 April 2022 35,915 253,288 289,203
Charge for period 3,969 61,640 65,609
At 30 March 2023 39,884 314,928 354,812
NET BOOK VALUE
At 30 March 2023 22 205,438 205,460
At 31 March 2022 3,991 42,188 46,179

PROMOLOGISTICS LIMITED (REGISTERED NUMBER: 06414781)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 148,378
At 30 March 2023 148,378
DEPRECIATION
Charge for period 36,993
At 30 March 2023 36,993
NET BOOK VALUE
At 30 March 2023 111,385

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 208,319 280,582
Other debtors 325,369 317,105
533,688 597,687

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 36,664 40,949
Hire purchase contracts (see note 9) 21,886 -
Trade creditors 198,102 598,787
Taxation and social security 81,598 79,379
Other creditors 3,900 20,333
342,150 739,448

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 86,556 120,815
Hire purchase contracts (see note 9) 106,037 -
192,593 120,815

PROMOLOGISTICS LIMITED (REGISTERED NUMBER: 06414781)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2022 TO 30 MARCH 2023

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 21,886 -
Between one and five years 106,037 -
127,923 -

Operating lease agreements exist, which state that £154,000 is payable per year until 2031.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 March 2023 and the year ended 31 March 2022:

2023 2022
£    £   
J G Lamb
Balance outstanding at start of period 77,263 76,137
Amounts advanced 101,038 134,858
Amounts repaid (101,040 ) (133,732 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 77,261 77,263