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Registered Number: 04412673
England and Wales

 

 

 

N10 LOGISTICS LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 July 2023

End date: 30 June 2024
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts N10 Logistics Limited for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of N10 Logistics Limited for the year ended 30 June 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
This report is made solely to the Board of Directors of N10 Logistics Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of N10 Logistics Limited and state those matters that we have agreed to state to the Board of Directors of N10 Logistics Limited, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than N10 Logistics Limited and its Board of Directors as a body for our work or for this report
It is your duty to ensure that N10 Logistics Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit N10 Logistics Limited. You consider that N10 Logistics Limited is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of N10 Logistics Limited. For this reason, we have not verified the 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 accounts.



....................................................
Doyles
51 Station Road
Marston Green
Birmingham
West Midlands
B37 7AB
22 August 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 13,046    25,313 
13,046    25,313 
Current assets      
Debtors: amounts falling due within one year 102,645    221,517 
Cash at bank and in hand 101,979    19,456 
204,624    240,973 
Creditors: amount falling due within one year (52,452)   (57,132)
Net current assets 152,172    183,841 
 
Total assets less current liabilities 165,218    209,154 
Net assets 165,218    209,154 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 165,118    209,054 
Shareholders' funds 165,218    209,154 
 


For the year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 22 August 2024 and were signed on its behalf by:


-------------------------------
Terri Hogan
Director
2
General Information
N10 Logistics Limited is a private company, limited by shares, registered in England and Wales, registration number 04412673, registration address Ardenwell House, 2336 Coventry Road, Birmingham, West Midlands, B26 3LS.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Straight Line
Motor Vehicles 25% Straight Line
Factored debts
The company includes factored debts within trade debtors since most of the risks and rewards of ownership of the factored debts have not passed to the factors. A corresponding liability is included in liabilities in respect of the proceeds received from the factor.
2.

Average number of employees

Average number of employees during the year was 5 (2023 : 6).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Motor Vehicles   Total
  £   £   £   £
At 01 July 2023 12,105    10,918    46,985    70,008 
Additions      
Disposals     (6,495)   (6,495)
At 30 June 2024 12,105    10,918    40,490    63,513 
Depreciation
At 01 July 2023 504    10,910    33,281    44,695 
Charge for year 242    8    10,123    10,373 
On disposals     (4,601)   (4,601)
At 30 June 2024 746    10,918    38,803    50,467 
Net book values
Closing balance as at 30 June 2024 11,359      1,687    13,046 
Opening balance as at 01 July 2023 11,601    8    13,704    25,313 


4.

Ultimate Controlling Parties

The ultimate controlling parties of the company are the directors, by virtue of their shareholding of 50% (each) of the company's issued share capital.
3