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Registration number: 05713445

Logistix Consulting Limited

Unaudited Filleted Financial Statements

for the Period from 1 January 2023 to 31 March 2024

 

Logistix Consulting Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Logistix Consulting Limited

(Registration number: 05713445)
Balance Sheet as at 31 March 2024

Note

2024
£

2022
£

           

Fixed assets

   

 

Tangible assets

4

 

-

 

640

Current assets

   

 

Debtors

5

633

 

3,963

 

Cash at bank and in hand

 

11,496

 

11,309

 

 

12,129

 

15,272

 

Creditors: Amounts falling due within one year

6

(5,369)

 

(8,657)

 

Net current assets

   

6,760

 

6,615

Net assets

   

6,760

 

7,255

Capital and reserves

   

 

Called up share capital

7

100

 

100

 

Retained earnings

6,660

 

7,155

 

Shareholders' funds

   

6,760

 

7,255

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 30 July 2024 and signed on its behalf by:
 

.........................................

A E Johnstone

Director

 

Logistix Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
19 Shell Lane
Calverley
Leeds
LS28 5NR

These financial statements were authorised for issue by the Board on 30 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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 disclosure and presentation requirements of Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's functional and presentation currency is pound sterling.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when the amount of revenue can be measured reliably and it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Logistix Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 31 March 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

5 years straight line

Furniture, fittings and equipment

5 years straight line

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the car lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Logistix Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 31 March 2024

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless
the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the
future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at
amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective
evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying
amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate.
The impairment loss and any subsequent reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are
settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party
or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell
the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies
and preference shares that are classified as debt, are initially recognised at transaction price, unless the
arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of
the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is
discharged, cancelled or expires.


 

 

3

Staff numbers

The average number of persons employed during the period (including directors) was 2 (2022 - 2).

 

Logistix Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 31 March 2024

4

Tangible assets

Plant and machinery
 £

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

8,117

8,147

16,264

Disposals

(8,117)

-

(8,117)

At 31 March 2024

-

8,147

8,147

Depreciation

At 1 January 2023

8,117

7,507

15,624

Charge for the period

-

640

640

Eliminated on disposal

(8,117)

-

(8,117)

At 31 March 2024

-

8,147

8,147

Carrying amount

At 31 March 2024

-

-

-

At 31 December 2022

-

640

640

5

Debtors

Current

2024
£

2022
£

Other debtors

633

3,963

 

633

3,963

6

Creditors

Creditors: amounts falling due within one year

2024
£

2022
£

Due within one year

 

Loans and borrowings

1,011

917

Trade creditors

 

2,510

569

Taxation and social security

 

1,848

5,301

Accruals and deferred income

 

-

1,870

 

5,369

8,657

 

Logistix Consulting Limited

Notes to the Unaudited Financial Statements for the Period from 1 January 2023 to 31 March 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2022

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

8

Related party transactions

Expenditure with and payables to related parties

2024

Key management
£

Amounts payable to related party

1,011

The amounts payable to key management are interest free and payable on demand.