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REGISTERED NUMBER: 06855411 (England and Wales)













Financial Statements

for the Year Ended 31 December 2023

for

Casper Logistics Limited

Casper Logistics Limited (Registered number: 06855411)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Casper Logistics Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs D E Irving
M Shakesheff
M D Sharp
Mrs E L Rookes





REGISTERED OFFICE: Airport Freightway Freight Village
Woolsington
Newcastle Upon Tyne
Tyne and Wear
NE13 8BH





REGISTERED NUMBER: 06855411 (England and Wales)





AUDITORS: Anderson Barrowcliff Limited
Statutory Auditors
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

Casper Logistics Limited (Registered number: 06855411)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 126,333 63,979
126,333 63,979

CURRENT ASSETS
Debtors 6 516,874 637,360
Cash at bank and in hand 368,662 799,649
885,536 1,437,009
CREDITORS
Amounts falling due within one year 7 376,763 1,027,927
NET CURRENT ASSETS 508,773 409,082
TOTAL ASSETS LESS CURRENT
LIABILITIES

635,106

473,061

PROVISIONS FOR LIABILITIES 6,600 6,600
NET ASSETS 628,506 466,461

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 628,505 466,460
SHAREHOLDERS' FUNDS 628,506 466,461

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 April 2024 and were signed on its behalf by:





M D Sharp - Director


Casper Logistics Limited (Registered number: 06855411)

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

1. STATUTORY INFORMATION

Casper 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

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.

Revenue is recognised when the agreed freight forwarder service is considered delivered and control of the cargo has passed to the customer or another logistics provider.

Goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets required. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Improvements to property5 years on cost
Fixtures and fittings4 years on cost
Motor vehicles3 years on cost

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Casper Logistics Limited (Registered number: 06855411)

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

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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.

Debtors and creditors receivable/ payable
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 112,623
AMORTISATION
At 1 January 2023
and 31 December 2023 112,623
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

Casper Logistics Limited (Registered number: 06855411)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 52,122 65,702 6,400 124,224
Additions - 13,780 88,840 102,620
Disposals - (2,665 ) - (2,665 )
At 31 December 2023 52,122 76,817 95,240 224,179
DEPRECIATION
At 1 January 2023 17,290 37,555 5,400 60,245
Charge for year 13,032 14,130 13,104 40,266
Eliminated on disposal - (2,665 ) - (2,665 )
At 31 December 2023 30,322 49,020 18,504 97,846
NET BOOK VALUE
At 31 December 2023 21,800 27,797 76,736 126,333
At 31 December 2022 34,832 28,147 1,000 63,979

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 389,652 500,389
Amounts owed by group undertakings 77,082 76,706
VAT 10,962 20,864
Prepayments and accrued income 39,178 39,401
516,874 637,360

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 187,208 214,045
Amounts owed to group undertakings - 500,000
Taxation 60,159 82,821
Accrued expenses 129,396 231,061
376,763 1,027,927

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

Casper Logistics Limited (Registered number: 06855411)

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

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Shawcross FCA (Senior Statutory Auditor)
for and on behalf of Anderson Barrowcliff Limited

10. CONTINGENT LIABILITIES

The company is party to a cross guarantee with its fellow subsidiaries, parent company and associated companies, Casper Chartering Limited and H.C. Shipping & Chartering Limited. At 31 December 2023, the aggregate bank loans and overdraft of companies within the agreement, was £900,000 (2022 - £900,000). The directors do not consider that any loss will arise in connection with this guarantee and consequently no amount is provided within these financial statements.

11. OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £66,277 (2022 - £121,417) relating to amounts payable under operating leases.

12. PARENT UNDERTAKING

The immediate and ultimate parent company is Casper Shipping Holdings Limited. These financial statements are included in the consolidated financial statements of Casper Shipping Holdings Limited. The parent's registered office address is the same as Casper Logistics Limited as detailed on the Company Information page.