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REGISTERED NUMBER: 08863071 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

AVANTEE LOGISTICS LTD

AVANTEE LOGISTICS LTD (REGISTERED NUMBER: 08863071)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AVANTEE LOGISTICS LTD

COMPANY INFORMATION
for the Year Ended 30 September 2023







DIRECTORS: P Collins
R D Evans
K J Evans
Mrs E M M Evans





SECRETARY: Mrs E M M Evans





REGISTERED OFFICE: 157 Silverdale Road
Tunbridge Wells
Kent
TN4 9HT





REGISTERED NUMBER: 08863071 (England and Wales)





ACCOUNTANTS: Waight & Company Ltd
Trading as WaightSharnock
8 Lonsdale Gardens
Tunbridge Wells
Kent
TN1 1NU

AVANTEE LOGISTICS LTD (REGISTERED NUMBER: 08863071)

BALANCE SHEET
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 414 3,828
Tangible assets 5 1,152 1,298
1,566 5,126

CURRENT ASSETS
Debtors 6 58,470 73,236
Cash at bank 69,446 70,704
127,916 143,940
CREDITORS
Amounts falling due within one year 7 57,586 57,319
NET CURRENT ASSETS 70,330 86,621
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,896

91,747

CREDITORS
Amounts falling due after more than one year 8 (10,164 ) (16,114 )

PROVISIONS FOR LIABILITIES (219 ) (246 )
NET ASSETS 61,513 75,387

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 61,393 75,267
61,513 75,387

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

AVANTEE LOGISTICS LTD (REGISTERED NUMBER: 08863071)

BALANCE SHEET - continued
30 September 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 Board of Directors and authorised for issue on 10 April 2024 and were signed on its behalf by:





K J Evans - Director


AVANTEE LOGISTICS LTD (REGISTERED NUMBER: 08863071)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Avantee Logistics 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

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 etc - 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.

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.

AVANTEE LOGISTICS LTD (REGISTERED NUMBER: 08863071)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2022
and 30 September 2023 17,070
AMORTISATION
At 1 October 2022 13,242
Charge for year 3,414
At 30 September 2023 16,656
NET BOOK VALUE
At 30 September 2023 414
At 30 September 2022 3,828

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 7,656
Additions 238
At 30 September 2023 7,894
DEPRECIATION
At 1 October 2022 6,358
Charge for year 384
At 30 September 2023 6,742
NET BOOK VALUE
At 30 September 2023 1,152
At 30 September 2022 1,298

AVANTEE LOGISTICS LTD (REGISTERED NUMBER: 08863071)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 57,854 73,236
Other debtors 616 -
58,470 73,236

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 6,000 6,000
Trade creditors 26,721 20,203
Taxation and social security 23,572 29,863
Other creditors 1,293 1,253
57,586 57,319

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans 10,164 16,114