Registered number
07424309
Logistics And Transport Services Limited
Filleted Accounts
31 October 2023
Logistics And Transport Services Limited
Registered number: 07424309
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,880,718 2,064,984
Current assets
Debtors 4 6,039,660 4,932,840
Creditors: amounts falling due within one year 5 (6,600,445) (4,460,255)
Net current (liabilities)/assets (560,785) 472,585
Total assets less current liabilities 1,319,933 2,537,569
Creditors: amounts falling due after more than one year 6 (218,550) (848,805)
Net assets 1,101,383 1,688,764
Capital and reserves
Called up share capital 2 2
Profit and loss account 1,101,381 1,688,762
Shareholder's funds 1,101,383 1,688,764
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
……………………………………
Mr Partha Dey
Director
Approved by the board on 30 July 2024
Logistics And Transport Services Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% straight line
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2022 39,807 4,561,791 4,601,598
Additions 26,362 843,359 869,721
Disposals - (674,955) (674,955)
At 31 October 2023 66,169 4,730,195 4,796,364
Depreciation
At 1 November 2022 21,283 2,515,332 2,536,615
Charge for the year 11,222 910,571 921,793
On disposals - (542,762) (542,762)
At 31 October 2023 32,505 2,883,141 2,915,646
Net book value
At 31 October 2023 33,664 1,847,054 1,880,718
At 31 October 2022 18,524 2,046,459 2,064,984
4 Debtors 2023 2022
£ £
Trade debtors 6,039,471 4,932,651
Other debtors 189 189
6,039,660 4,932,840
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 55,975 54,721
Obligations under finance lease and hire purchase contracts 1,259,914 953,212
Trade creditors 30,974 (30,520)
Taxation and social security costs 952,080 658,946
Director's account 19,219 49,831
Other creditors 4,282,283 2,774,065
6,600,445 4,460,255
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 16,704 25,154
Obligations under finance lease and hire purchase contracts 201,846 823,651
218,550 848,805
7 Other information
Logistics And Transport Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 1 Airport Executive Park
President Way
Luton
LU2 9NY
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