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Company Registration No. 13424637 (England and Wales)
EXPEDITE LOGISTICS LTD Unaudited accounts for the year ended 31 May 2023
EXPEDITE LOGISTICS LTD Unaudited accounts Contents
Page
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EXPEDITE LOGISTICS LTD Company Information for the year ended 31 May 2023
Directors
Masood Ali Zain Ali Khan
Company Number
13424637 (England and Wales)
Registered Office
C/O I K ASSOCIATES 132 BARKEREND ROAD BRADFORD BD3 9BE ENGLAND
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EXPEDITE LOGISTICS LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
25,542 
25,349 
Current assets
Debtors
40,482 
11,576 
Cash at bank and in hand
713 
32,929 
41,195 
44,505 
Creditors: amounts falling due within one year
(11,797)
(7,182)
Net current assets
29,398 
37,323 
Total assets less current liabilities
54,940 
62,672 
Creditors: amounts falling due after more than one year
(49,000)
(30,000)
Net assets
5,940 
32,672 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
5,840 
32,572 
Shareholders' funds
5,940 
32,672 
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 February 2024 and were signed on its behalf by
Masood Ali Director Company Registration No. 13424637
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EXPEDITE LOGISTICS LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
EXPEDITE LOGISTICS LTD is a private company, limited by shares, registered in England and Wales, registration number 13424637. The registered office is C/O I K ASSOCIATES, 132 BARKEREND ROAD, BRADFORD, BD3 9BE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
8%
Computer equipment
18%
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
25,000 
2,865 
27,865 
Additions
16,000 
- 
16,000 
Disposals
(11,000)
- 
(11,000)
At 31 May 2023
30,000 
2,865 
32,865 
Depreciation
At 1 June 2022
2,000 
516 
2,516 
Charge for the year
6,840 
423 
7,263 
On disposals
(2,456)
- 
(2,456)
At 31 May 2023
6,384 
939 
7,323 
Net book value
At 31 May 2023
23,616 
1,926 
25,542 
At 31 May 2022
23,000 
2,349 
25,349 
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EXPEDITE LOGISTICS LTD Notes to the Accounts for the year ended 31 May 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
3,680 
Trade debtors
33,000 
7,896 
Other debtors
7,482 
- 
40,482 
11,576 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
4,326 
- 
Trade creditors
5,891 
725 
Taxes and social security
593 
1,542 
Loans from directors
487 
4,415 
Accruals
500 
500 
11,797 
7,182 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Trade creditors
49,000 
30,000 
8
Average number of employees
During the year the average number of employees was 1 (2022: 0).
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