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REGISTERED NUMBER: 04780050 (England and Wales)












REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

H R H LOGISTICS LIMITED

H R H LOGISTICS LIMITED (REGISTERED NUMBER: 04780050)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page


Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


H R H LOGISTICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: C P Davey
P F Argyle





SECRETARY: Mrs E K Davey





REGISTERED OFFICE: Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP





REGISTERED NUMBER: 04780050 (England and Wales)





ACCOUNTANTS: Cook & Partners Limited
Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP

H R H LOGISTICS LIMITED (REGISTERED NUMBER: 04780050)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST DECEMBER 2023

The directors present their report with the financial statements of the company for the year ended 31st December 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st January 2023 to the date of this report.

C P Davey
P F Argyle

Other changes in directors holding office are as follows:

I J Crockett - resigned 31st December 2023

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





C P Davey - Director


23rd May 2024

H R H LOGISTICS LIMITED (REGISTERED NUMBER: 04780050)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 65,851 103,199

CURRENT ASSETS
Stocks 38,926 16,452
Debtors 5 207,716 244,795
Cash at bank and in hand 159,346 75,574
405,988 336,821
CREDITORS
Amounts falling due within one year 6 246,847 184,631
NET CURRENT ASSETS 159,141 152,190
TOTAL ASSETS LESS CURRENT
LIABILITIES

224,992

255,389

CREDITORS
Amounts falling due after more than one
year

7

(18,626

)

(56,137

)

PROVISIONS FOR LIABILITIES (14,921 ) (19,608 )
NET ASSETS 191,445 179,644

CAPITAL AND RESERVES
Called up share capital 164 164
Retained earnings 191,281 179,480
SHAREHOLDERS' FUNDS 191,445 179,644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

H R H LOGISTICS LIMITED (REGISTERED NUMBER: 04780050)

BALANCE SHEET - continued
31ST DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd May 2024 and were signed on its behalf by:





C P Davey - Director


H R H LOGISTICS LIMITED (REGISTERED NUMBER: 04780050)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

H R H 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

Accounting convention
These financial statements have been prepared in accordance with the provisions of Section 1A"Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern Justification
The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could effect the carrying values of the company's assets and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 31st December 2022 have been prepared using the going concern basis of accounting.

Revenue
Revenue - Described as turnover - is the value of goods (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services.

Revenue is recognised on the sale of goods when the goods are delivered and title has passed. Revenue is recognised on the provision of services once completed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

H R H LOGISTICS LIMITED (REGISTERED NUMBER: 04780050)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Pension costs
The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions payable for the period by the company to the fund.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 11 ).

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
Equipment fittings vehicles Totals
£    £    £    £   
COST
At 1st January 2023 26,517 12,969 543,824 583,310
Additions 1,849 - - 1,849
At 31st December 2023 28,366 12,969 543,824 585,159
DEPRECIATION
At 1st January 2023 24,700 12,969 442,442 480,111
Charge for year 1,069 - 38,128 39,197
At 31st December 2023 25,769 12,969 480,570 519,308
NET BOOK VALUE
At 31st December 2023 2,597 - 63,254 65,851
At 31st December 2022 1,817 - 101,382 103,199

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 142,370 171,458
Other debtors 1,908 1,705
Tax - 10,420
Prepayments 63,438 61,212
207,716 244,795

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 37,512 37,512
Trade creditors 32,451 37,014
Tax 38,311 12,575
PAYE & ni 16,602 16,792
VAT 35,239 22,126
Other creditors 60,000 30,000
Directors' current accounts 20,555 21,904
Accruals 6,177 6,708
246,847 184,631

H R H LOGISTICS LIMITED (REGISTERED NUMBER: 04780050)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 18,626 56,137