ONTIME LOGISTICS EUROPE LIMITED

Company Registration Number:
06935341 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

ONTIME LOGISTICS EUROPE LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

ONTIME LOGISTICS EUROPE LIMITED

Company Information

for the Period Ended 31 December 2023




Registered office: 23
Cochran Close
Crownhill
Milton Keynes
MK8 0AJ
Company Registration Number: 06935341 (England and Wales)

ONTIME LOGISTICS EUROPE LIMITED

Balance sheet

As at 31 December 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 300,796 242,503
Total fixed assets: 300,796 242,503
Current assets
Debtors: 95,535 120,251
Cash at bank and in hand: 287,400 318,747
Total current assets: 382,935 438,998
Creditors: amounts falling due within one year: ( 173,725 ) ( 207,243 )
Net current assets (liabilities): 209,210 231,755
Total assets less current liabilities: 510,006 474,258
Creditors: amounts falling due after more than one year: ( 22,382 ) ( 29,035 )
Total net assets (liabilities): 487,624 445,223

The notes form part of these financial statements

ONTIME LOGISTICS EUROPE LIMITED

Balance sheet continued

As at 31 December 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 487,524 445,123
Shareholders funds: 487,624 445,223

For the year ending 31 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 28 March 2024
And Signed On Behalf Of The Board By:

Name: Maher Sandouka
Status: Director

The notes form part of these financial statements

ONTIME LOGISTICS EUROPE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

ONTIME LOGISTICS EUROPE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 14 12

ONTIME LOGISTICS EUROPE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 3. Off balance sheet disclosure

    No

ONTIME LOGISTICS EUROPE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 305,818
Additions 59,941
Disposals -
Revaluations -
Transfers -
At 31 December 2023 365,759
Depreciation
At 01 January 2023 63,315
Charge for year 1,648
On disposals -
Other adjustments -
At 31 December 2023 64,963
Net book value
At 31 December 2023 300,796
At 31 December 2022 242,503