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Company Registration No. 12598325 (England and Wales)
Drop Box Logistics Limited Unaudited accounts for the year ended 31 May 2024
Drop Box Logistics Limited Unaudited accounts Contents
Page
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Drop Box Logistics Limited Company Information for the year ended 31 May 2024
Director
Shahbaz Khan
Company Number
12598325 (England and Wales)
Registered Office
27 OLD GLOUCESTER STREET LONDON WC1N 3AX ENGLAND
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Drop Box Logistics Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
135,629 
129,279 
Current assets
Debtors
450,690 
152,645 
Cash at bank and in hand
113,517 
218,606 
564,207 
371,251 
Creditors: amounts falling due within one year
(462,999)
(294,728)
Net current assets
101,208 
76,523 
Net assets
236,837 
205,802 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
236,836 
205,801 
Shareholders' funds
236,837 
205,802 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 August 2024 and were signed on its behalf by
Shahbaz Khan Director Company Registration No. 12598325
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Drop Box Logistics Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Drop Box Logistics Limited is a private company, limited by shares, registered in England and Wales, registration number 12598325. The registered office is 27 OLD GLOUCESTER STREET, LONDON, WC1N 3AX, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
11,440 
50,235 
120,133 
181,808 
Additions
- 
41,162 
10,370 
51,532 
At 31 May 2024
11,440 
91,397 
130,503 
233,340 
Depreciation
At 1 June 2023
4,098 
15,322 
33,109 
52,529 
Charge for the year
1,835 
19,019 
24,328 
45,182 
At 31 May 2024
5,933 
34,341 
57,437 
97,711 
Net book value
At 31 May 2024
5,507 
57,056 
73,066 
135,629 
At 31 May 2023
7,342 
34,913 
87,024 
129,279 
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Drop Box Logistics Limited Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,645 
13,545 
Other debtors
449,045 
139,100 
450,690 
152,645 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
98,943 
- 
VAT
25,581 
33,536 
Obligations under finance leases and hire purchase contracts
30,261 
53,333 
Trade creditors
112,956 
37,111 
Taxes and social security
60,518 
56,053 
Other creditors
2,102 
- 
Loans from directors
72,638 
56,695 
Accruals
60,000 
58,000 
462,999 
294,728 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 4 (2023: 8).
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