Acorah Software Products - Accounts Production 14.5.601 false true 31 August 2022 1 September 2021 false 1 September 2022 31 August 2023 31 August 2023 12800873 Mr Salam Alaswad iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12800873 2022-08-31 12800873 2023-08-31 12800873 2022-09-01 2023-08-31 12800873 frs-core:ComputerEquipment 2022-09-01 2023-08-31 12800873 frs-core:MotorVehicles 2022-09-01 2023-08-31 12800873 frs-core:ShareCapital 2023-08-31 12800873 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 12800873 frs-bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 12800873 frs-bus:AbridgedAccounts 2022-09-01 2023-08-31 12800873 frs-bus:SmallEntities 2022-09-01 2023-08-31 12800873 frs-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 12800873 frs-bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 12800873 frs-bus:Director1 2022-09-01 2023-08-31 12800873 frs-countries:EnglandWales 2022-09-01 2023-08-31 12800873 2021-08-31 12800873 2022-08-31 12800873 2021-09-01 2022-08-31 12800873 frs-core:ShareCapital 2022-08-31 12800873 frs-core:RetainedEarningsAccumulatedLosses 2022-08-31
Registered number: 12800873
Spot Logistics Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 August 2023
VIBAS Accountants
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3
Page 1
Abridged Balance Sheet
Registered number: 12800873
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,217 2,217
2,217 2,217
CURRENT ASSETS
Debtors 1,778 354
Cash at bank and in hand 18,151 20,767
19,929 21,121
Creditors: Amounts Falling Due Within One Year (25,981 ) (26,068 )
NET CURRENT ASSETS (LIABILITIES) (6,052 ) (4,947 )
TOTAL ASSETS LESS CURRENT LIABILITIES (3,835 ) (2,730 )
NET LIABILITIES (3,835 ) (2,730 )
CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and Loss Account (3,836 ) (2,731 )
SHAREHOLDERS' FUNDS (3,835) (2,730)
Page 1
Page 2
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 August 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Salam Alaswad
Director
25/03/2024
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Spot Logistics Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12800873 . The registered office is 4th Floor 18 St Cross Street, London, EC1N 8UN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
Computer Equipment 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Total
£
Cost
As at 1 September 2022 2,217
As at 31 August 2023 2,217
Net Book Value
As at 31 August 2023 2,217
As at 1 September 2022 2,217
5. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 3