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REGISTERED NUMBER: 07166642 (England and Wales)















Financial Statements for the Year Ended 28 February 2023

for

PCS Logistics Limited

PCS Logistics Limited (Registered number: 07166642)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PCS Logistics Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: C M Bull
P Gilbert
J Green





SECRETARY:





REGISTERED OFFICE:





REGISTERED NUMBER: 07166642 (England and Wales)





AUDITORS: BB Accountancy
758 Great Cambridge Road
Enfield
London
EN1 3GN

PCS Logistics Limited (Registered number: 07166642)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 105,095 74,025
Investments 5 (11,708 ) (75,000 )
93,387 (975 )

CURRENT ASSETS
Debtors 6 247,949 112,407
Cash at bank 65,183 68,317
313,132 180,724
CREDITORS
Amounts falling due within one year 7 313,481 61,864
NET CURRENT (LIABILITIES)/ASSETS (349 ) 118,860
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,038

117,885

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 93,028 117,875
93,038 117,885

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 30 November 2023 and were signed on its behalf by:





J Green - Director


PCS Logistics Limited (Registered number: 07166642)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

PCS 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.
Plant and machinery etc - 25% on reducing balance and 25% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

PCS Logistics Limited (Registered number: 07166642)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 160,688
Additions 88,411
Disposals (31,920 )
At 28 February 2023 217,179
DEPRECIATION
At 1 March 2022 86,685
Charge for year 25,399
At 28 February 2023 112,084
NET BOOK VALUE
At 28 February 2023 105,095
At 28 February 2022 74,003

5. FIXED ASSET INVESTMENTS
Other
loans
£   
At 1 March 2022 (75,000 )
Repayment in year 63,292
At 28 February 2023 (11,708 )

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 247,939 112,397
Other debtors 10 10
247,949 112,407

PCS Logistics Limited (Registered number: 07166642)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 223 223
Hire purchase contracts (31,767 ) (31,767 )
Trade creditors 245,046 49,016
Taxation and social security 51,411 44,392
Other creditors 48,568 -
313,481 61,864

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

BB Accountancy