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REGISTERED NUMBER: 05594667 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Inwood Logistics Limited

Inwood Logistics Limited (Registered number: 05594667)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Inwood Logistics Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: J J Scott





REGISTERED OFFICE: Inwood Business Centre
Whitton Road
Hounslow
TW3 2EB





REGISTERED NUMBER: 05594667 (England and Wales)





ACCOUNTANTS: Aivilo Digital Accountancy Ltd
49 Hurford Drive
Thatcham
Berkshire
RG19 4WA

Inwood Logistics Limited (Registered number: 05594667)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,026 91,749

CURRENT ASSETS
Debtors 5 467,183 657,033
Cash at bank 137,264 198,208
604,447 855,241
CREDITORS
Amounts falling due within one year 6 193,495 435,632
NET CURRENT ASSETS 410,952 419,609
TOTAL ASSETS LESS CURRENT
LIABILITIES

449,978

511,358

CREDITORS
Amounts falling due after more than
one year

7

(10,056

)

(28,169

)

PROVISIONS FOR LIABILITIES (7,448 ) (17,432 )
NET ASSETS 432,474 465,757

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 432,375 465,658
432,474 465,757

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Inwood Logistics Limited (Registered number: 05594667)

Balance Sheet - continued
31 October 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 14 December 2023 and were signed by:





J J Scott - Director


Inwood Logistics Limited (Registered number: 05594667)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Inwood 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 - 25% on reducing balance
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

Inwood Logistics Limited (Registered number: 05594667)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

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.

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 year was 15 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 11,219 1,020 115,000 1,517 128,756
Additions - - 23,950 640 24,590
Disposals - - (78,000 ) - (78,000 )
At 31 October 2023 11,219 1,020 60,950 2,157 75,346
DEPRECIATION
At 1 November 2022 11,033 1,020 23,437 1,517 37,007
Charge for year 186 - 19,326 176 19,688
Eliminated on disposal - - (20,375 ) - (20,375 )
At 31 October 2023 11,219 1,020 22,388 1,693 36,320
NET BOOK VALUE
At 31 October 2023 - - 38,562 464 39,026
At 31 October 2022 186 - 91,563 - 91,749

Inwood Logistics Limited (Registered number: 05594667)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 253,057 404,361
Directors' current accounts - 3,052
Prepayments and accrued income 214,126 249,620
467,183 657,033

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 18,112 9,808
Trade creditors 103,801 243,421
Tax 17,395 38,142
Social security and other taxes 12,671 25,765
VAT 37,261 72,760
Directors' current accounts 330 -
Accruals and deferred income 3,925 45,736
193,495 435,632

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.23 31.10.22
£    £   
Bounce back loan 10,056 28,169

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
J J Scott
Balance outstanding at start of year 3,052 (610 )
Amounts advanced - 3,662
Amounts repaid (3,382 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (330 ) 3,052

9. RELATED PARTY DISCLOSURES

During the year the director made a loan with the company. Interest was charged on a
commercial basis. The balance due to the director at 31 October 2023 was £330 (2022: the balance due to the company was £3,052).

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Inwood Logistics Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Inwood Logistics Limited for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Inwood Logistics Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Inwood Logistics Limited and state those matters that we have agreed to state to the director of Inwood Logistics Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Inwood Logistics Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Inwood Logistics Limited. You consider that Inwood Logistics Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Inwood Logistics Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Aivilo Digital Accountancy Ltd
49 Hurford Drive
Thatcham
Berkshire
RG19 4WA


Date: .............................................