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REGISTERED NUMBER: 12286360 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

COLE LOGISTICS LIMITED

COLE LOGISTICS LIMITED (Registered number: 12286360)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


COLE LOGISTICS LIMITED

Company Information
for the Year Ended 31 October 2023







DIRECTORS: J B Cole
Miss A Young





SECRETARY:





REGISTERED OFFICE: 21 The Oval
Gloucester
GL1 5EE





REGISTERED NUMBER: 12286360 (England and Wales)





ACCOUNTANTS: Monest Accounts Limited
Pure Offices, Kestrel Court
Waterwells Drive, Quedgeley
Gloucester
Gloucestershire
GL2 2AT

COLE LOGISTICS LIMITED (Registered number: 12286360)

Statement of Financial Position
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 22,905 26,250
Tangible assets 5 47,428 55,502
70,333 81,752

CURRENT ASSETS
Debtors 6 11,542 2,460
Cash at bank 12,092 24,929
23,634 27,389
CREDITORS
Amounts falling due within one year 7 16,474 42,589
NET CURRENT ASSETS/(LIABILITIES) 7,160 (15,200 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,493

66,552

CREDITORS
Amounts falling due after more than one
year

8

58,378

33,680
NET ASSETS 19,115 32,872

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 19,015 32,772
SHAREHOLDERS' FUNDS 19,115 32,872

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 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.

COLE LOGISTICS LIMITED (Registered number: 12286360)

Statement of Financial Position - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





Miss A Young - Director


COLE LOGISTICS LIMITED (Registered number: 12286360)

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

1. STATUTORY INFORMATION

COLE 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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 etc - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

COLE LOGISTICS LIMITED (Registered number: 12286360)

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

2. ACCOUNTING POLICIES - continued

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 5 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 24,000 12,833 36,833
AMORTISATION
At 1 November 2022 7,200 3,383 10,583
Charge for year 2,400 945 3,345
At 31 October 2023 9,600 4,328 13,928
NET BOOK VALUE
At 31 October 2023 14,400 8,505 22,905
At 31 October 2022 16,800 9,450 26,250

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 109,451
Additions 38,325
Disposals (53,763 )
At 31 October 2023 94,013
DEPRECIATION
At 1 November 2022 53,949
Charge for year 18,339
Eliminated on disposal (25,703 )
At 31 October 2023 46,585
NET BOOK VALUE
At 31 October 2023 47,428
At 31 October 2022 55,502

COLE LOGISTICS LIMITED (Registered number: 12286360)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 11,542 2,460

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Hire purchase contracts 7,442 17,012
Trade creditors 1,344 1,688
Taxation and social security 7,688 22,501
Other creditors - 1,388
16,474 42,589

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 13,750 18,750
Hire purchase contracts 29,963 14,930
Other creditors 14,665 -
58,378 33,680