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REGISTERED NUMBER: 12749845 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

PRISM ELOGISTICS (UK) LIMITED

PRISM ELOGISTICS (UK) LIMITED (REGISTERED NUMBER: 12749845)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


PRISM ELOGISTICS (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: E J H Devereux
P A Mitchell





REGISTERED OFFICE: Ava Lodge
Castle Terrace
Berwick Upon Tweed
Northumberland





REGISTERED NUMBER: 12749845 (England and Wales)





ACCOUNTANTS: J.H. Greenwood & Company
Chartered Accountants
Ava Lodge
Castle Terrace
Berwick Upon Tweed
Northumberland
TD15 1NP

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
PRISM ELOGISTICS (UK) LIMITED

The following reproduces the text of the report prepared for the directors 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 Directors 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 Prism eLogistics (UK) Limited for the year ended 30 June 2023 which comprise the Profit and Loss Account, Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Prism eLogistics (UK) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Prism eLogistics (UK) Limited and state those matters that we have agreed to state to the Board of Directors of Prism eLogistics (UK) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Prism eLogistics (UK) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Prism eLogistics (UK) 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 loss of Prism eLogistics (UK) Limited. You consider that Prism eLogistics (UK) 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 Prism eLogistics (UK) 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.






J.H. Greenwood & Company
Chartered Accountants
Ava Lodge
Castle Terrace
Berwick Upon Tweed
Northumberland
TD15 1NP


8 February 2024

PRISM ELOGISTICS (UK) LIMITED (REGISTERED NUMBER: 12749845)

BALANCE SHEET
30 JUNE 2023

30/6/23 30/6/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 288,256 110,202

CURRENT ASSETS
Debtors 5 580,476 235,515
Cash at bank and in hand 50,771 78,720
631,247 314,235
CREDITORS
Amounts falling due within one year 6 547,520 249,986
NET CURRENT ASSETS 83,727 64,249
TOTAL ASSETS LESS CURRENT
LIABILITIES

371,983

174,451

CREDITORS
Amounts falling due after more than one year 7 (645,065 ) (364,000 )

PROVISIONS FOR LIABILITIES - (21,106 )
NET LIABILITIES (273,082 ) (210,655 )

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Retained earnings (323,082 ) (260,655 )
(273,082 ) (210,655 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

PRISM ELOGISTICS (UK) LIMITED (REGISTERED NUMBER: 12749845)

BALANCE SHEET - continued
30 JUNE 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 February 2024 and were signed on its behalf by:




E J H Devereux - Director



P A Mitchell - Director


PRISM ELOGISTICS (UK) LIMITED (REGISTERED NUMBER: 12749845)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Prism eLogistics (UK) 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 - Straight line over 10 years, Straight line over 7 years and Straight line over 3 years
Computer & Office equipmt - Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 14 ) .

PRISM ELOGISTICS (UK) LIMITED (REGISTERED NUMBER: 12749845)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Improvements Computer
to Plant and & Office
property machinery equipmt Totals
£    £    £    £   
COST
At 1 July 2022 - 102,541 20,091 122,632
Additions 50,837 138,127 4,950 193,914
At 30 June 2023 50,837 240,668 25,041 316,546
DEPRECIATION
At 1 July 2022 - 6,506 5,924 12,430
Charge for year - 11,775 4,085 15,860
At 30 June 2023 - 18,281 10,009 28,290
NET BOOK VALUE
At 30 June 2023 50,837 222,387 15,032 288,256
At 30 June 2022 - 96,035 14,167 110,202

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Trade debtors 361,675 161,315
Other debtors 218,801 74,200
580,476 235,515

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Hire purchase contracts 7,279 -
Trade creditors 192,780 52,521
Taxation and social security 11,120 17,843
Other creditors 336,341 179,622
547,520 249,986

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/6/23 30/6/22
£    £   
Bank loans 618,982 364,000
Hire purchase contracts 26,083 -
645,065 364,000