BrightAccountsProduction v1.0.0 v1.0.0 2022-08-01 The company was not dormant during the period The company was trading for the entire period The principle activity of the company is that of Freight transport by road. 28 June 2024 NI662828 2023-12-31 NI662828 2022-07-31 NI662828 2021-07-31 NI662828 2022-08-01 2023-12-31 NI662828 2021-08-01 2022-07-31 NI662828 uk-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-12-31 NI662828 uk-curr:PoundSterling 2022-08-01 2023-12-31 NI662828 uk-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-12-31 NI662828 uk-bus:FullAccounts 2022-08-01 2023-12-31 NI662828 uk-bus:Director1 2022-08-01 2023-12-31 NI662828 uk-bus:Director2 2022-08-01 2023-12-31 NI662828 uk-bus:Director3 2022-08-01 2023-12-31 NI662828 uk-bus:Director4 2022-08-01 2023-12-31 NI662828 uk-bus:RegisteredOffice 2022-08-01 2023-12-31 NI662828 uk-bus:Agent1 2022-08-01 2023-12-31 NI662828 uk-bus:AuditExemptWithAccountantsReport 2022-08-01 2023-12-31 NI662828 uk-core:ShareCapital 2023-12-31 NI662828 uk-core:ShareCapital 2022-07-31 NI662828 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 NI662828 uk-core:RetainedEarningsAccumulatedLosses 2022-07-31 NI662828 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-12-31 NI662828 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-07-31 NI662828 uk-bus:FRS102 2022-08-01 2023-12-31 NI662828 uk-core:MotorVehicles 2022-08-01 2023-12-31 NI662828 uk-core:WithinOneYear 2023-12-31 NI662828 uk-core:WithinOneYear 2022-07-31 NI662828 uk-core:EmployeeBenefits 2022-07-31 NI662828 uk-core:EmployeeBenefits 2022-08-01 2023-12-31 NI662828 uk-core:AcceleratedTaxDepreciationDeferredTax 2023-12-31 NI662828 uk-core:TaxLossesCarry-forwardsDeferredTax 2023-12-31 NI662828 uk-core:OtherDeferredTax 2023-12-31 NI662828 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2023-12-31 NI662828 uk-core:EmployeeBenefits 2023-12-31 NI662828 uk-core:ParentEntities 2022-08-01 2023-12-31 NI662828 2022-08-01 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
BBL Logistics & Solutions Ltd
 
Unaudited Financial Statements
 
for the financial period ended 31 December 2023



BBL Logistics & Solutions Ltd
DIRECTORS AND OTHER INFORMATION

 
Directors Christophe Besst
Andrew Fox
Sylvain Merienne
Jamie O'Reilly
 
 
Company Registration Number NI662828
 
 
Registered Office and Business Address 15 Church Street
Belfast
Antrim
BT1 1PG
Northern Ireland
 
 
Accountants Quarter
Chartered Accountants
St Anne's House
15 Church Street
Cathedral Quarter
Belfast
BT1 1PG



BBL Logistics & Solutions Ltd

CHARTERED ACCOUNTANTS' REPORT
to the Board of Directors on the Compilation of the unaudited financial statements of BBL Logistics & Solutions Ltd
for the financial period ended 31 December 2023
 
In accordance with our engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial period ended 31 December 2023 as set out on pages  to 11 which comprise the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
 
This report is made solely to the Board of Directors of BBL Logistics & Solutions Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.
 
We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.
 
You have acknowledged on the Statement of Financial Position for the period ended 31 December 2023 your duty to ensure that BBL Logistics & Solutions Ltd 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 BBL Logistics & Solutions Ltd. You consider that BBL Logistics & Solutions Ltd is exempt from the statutory audit requirement for the financial period.
 
We have not been instructed to carry out an audit or a review of the financial statements of BBL Logistics & Solutions Ltd. For this reason, we have not verified the adequacy, 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.
 
 
 
__________________________________
QUARTER
Chartered Accountants
St Anne's House
15 Church Street
Cathedral Quarter
Belfast
BT1 1PG
 
28 June 2024



BBL Logistics & Solutions Ltd
Company Registration Number: NI662828
STATEMENT OF FINANCIAL POSITION
as at 31 December 2023

Dec 23 Jul 22
Notes £ £
 
Non-Current Assets
Property, plant and equipment 6 91,366 -
───────── ─────────
 
Current Assets
Receivables 7 208,564 -
Cash and cash equivalents 1 1
───────── ─────────
208,565 1
───────── ─────────
Payables: amounts falling due within one year 8 (381,421) -
───────── ─────────
Net Current (Liabilities)/Assets (172,856) 1
───────── ─────────
Total Assets less Current Liabilities (81,490) 1
 
Provisions for liabilities 10 20,372 -
───────── ─────────
Net (Liabilities)/Assets (61,118) 1
═════════ ═════════
 
Equity
Called up share capital 1 1
Retained earnings (61,119) -
───────── ─────────
Equity attributable to owners of the company (61,118) 1
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.
           
For the financial period ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period 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.
           
Approved by the Board and authorised for issue on 28 June 2024 and signed on its behalf by
           
           
________________________________          
Christophe Besst          
Director          
           



BBL Logistics & Solutions Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial period ended 31 December 2023

   
1. General Information
 
BBL Logistics & Solutions Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI662828. The registered office of the company is 15 Church Street, Belfast, Antrim, BT1 1PG, Northern Ireland which is also the principal place of business of the company. The principle activity of the company is that of Freight transport by road. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial period ended 31 December 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Revenue
Revenue comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Motor vehicles - 20% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other receivables
Trade and other receivables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other payables
Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Period of financial statements
 
The financial statements are for the 17 month period ended 31 December 2023.
   
4. Going concern
 
The company's balance sheet showed a deficiency of asset of £61,118 as at 31st December 2023. The company is reliant on ongoing support of group companies.
       
5. Employees
 
The average monthly number of employees, including directors, during the financial period was 5.
 
  Dec 23 Jul 22
  Number Number
 
Directors 4 4
Employee 1 -
  ───────── ─────────
  5 4
  ═════════ ═════════
       
6. Property, plant and equipment
  Motor Total
  vehicles  
     
  £ £
Cost or Valuation
At 1 August 2022 - -
Additions 104,090 104,090
  ───────── ─────────
At 31 December 2023 104,090 104,090
  ───────── ─────────
Depreciation
At 1 August 2022 - -
Charge for the financial period 12,724 12,724
  ───────── ─────────
At 31 December 2023 12,724 12,724
  ───────── ─────────
Carrying amount
At 31 December 2023 91,366 91,366
  ═════════ ═════════
       
7. Receivables Dec 23 Jul 22
  £ £
 
Prepayments and accrued income 208,564 -
  ═════════ ═════════
       
8. Payables Dec 23 Jul 22
Amounts falling due within one year £ £
 
Amounts owed to group undertakings 371,995 -
Taxation  (Note 9) 7,293 -
Accruals 2,133 -
  ───────── ─────────
  381,421 -
  ═════════ ═════════
       
9. Taxation Dec 23 Jul 22
  £ £
 
Payables:
PAYE / NI 7,293 -
  ═════════ ═════════
           
10. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Losses Total Total
  allowances      
         
      Dec 23 Jul 22
  £ £ £ £
 
At financial period start - - - -
Charged to profit and loss 22,842 (43,214) (20,372) -
  ───────── ───────── ───────── ─────────
At financial period end 22,842 (43,214) (20,372) -
  ═════════ ═════════ ═════════ ═════════
       
11. Capital commitments
 
The company had no material capital commitments at the financial period-ended 31 December 2023.
           
12. Related party transactions
 
BBL Logistics Limited

BBL Logistics Limited is the parent company of BBL Logistics & Solutions Ltd.
During the period net transactions between the two entities totalled £371,995. As at 31 December 2023 BBL Logistics & Solutions Ltd owed £371,995 to BBL Logistics Limited. This balance is included in amounts owed to group undertaking.
BBL Logistics & Solutions Ltd also has accrued income of £206,378 in relation to BBL Logistics Limited.

BBL Transport France
BBL Transport France and BBL Logistics & Solutions Ltd are both part of the BBL Invest Group.
There was £150,115 on transactions between BBL Logistics & Solutions Ltd and BBL Transport France, these are included in direct costs. This balance was settled in full during the financial year.
   
13. Parent company
 
The company regards BBL Logistics Limited as its parent company. The address of BBL Logistics Limited is Food Central, St Margarets, Dublin, Ireland.
 
   
14. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial period-end.