Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity70truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13052252 2023-01-01 2023-12-31 13052252 2022-01-01 2022-12-31 13052252 2023-12-31 13052252 2022-12-31 13052252 c:Director1 2023-01-01 2023-12-31 13052252 d:PlantMachinery 2023-01-01 2023-12-31 13052252 d:PlantMachinery 2023-12-31 13052252 d:PlantMachinery 2022-12-31 13052252 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13052252 d:FurnitureFittings 2023-01-01 2023-12-31 13052252 d:FurnitureFittings 2023-12-31 13052252 d:FurnitureFittings 2022-12-31 13052252 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13052252 d:OfficeEquipment 2023-01-01 2023-12-31 13052252 d:OfficeEquipment 2023-12-31 13052252 d:OfficeEquipment 2022-12-31 13052252 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13052252 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 13052252 d:CurrentFinancialInstruments 2023-12-31 13052252 d:CurrentFinancialInstruments 2022-12-31 13052252 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13052252 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13052252 d:ShareCapital 2023-12-31 13052252 d:ShareCapital 2022-12-31 13052252 d:RetainedEarningsAccumulatedLosses 2023-12-31 13052252 d:RetainedEarningsAccumulatedLosses 2022-12-31 13052252 c:OrdinaryShareClass1 2023-01-01 2023-12-31 13052252 c:OrdinaryShareClass1 2023-12-31 13052252 c:OrdinaryShareClass1 2022-12-31 13052252 c:FRS102 2023-01-01 2023-12-31 13052252 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13052252 c:FullAccounts 2023-01-01 2023-12-31 13052252 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13052252 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13052252










2ND GENERATION LOGISTICS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
2ND GENERATION LOGISTICS LIMITED
REGISTERED NUMBER: 13052252

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
12,410
20,531

  
12,410
20,531

Current assets
  

Debtors: amounts falling due within one year
 5 
62,413
57,413

Cash at bank and in hand
 6 
22,339
6,624

  
84,752
64,037

Creditors: amounts falling due within one year
 7 
(481,395)
(425,926)

Net current liabilities
  
 
 
(396,643)
 
 
(361,889)

Total assets less current liabilities
  
(384,233)
(341,358)

  

Net liabilities
  
(384,233)
(341,358)


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
(384,333)
(341,458)

  
(384,233)
(341,358)


Page 1

 
2ND GENERATION LOGISTICS LIMITED
REGISTERED NUMBER: 13052252
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 September 2024.




C J Woolnough
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
2ND GENERATION LOGISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

2nd Generation Logistics Limited, is a private limited company, limited by shares, incorporated in England and Wales, with a registered office address and principal place of business at Unit D, Mochdre Industrial Estate, Newtown, Powys, SY16 4LE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director has considered the support and financial requirements of the company, acknowledging the net current liability position, and is satisfied that the company can meet its liabilities as the fall due for the forseeable future.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
2ND GENERATION LOGISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25% Straight line
Fixtures and fittings
-
25% Straight line
Office equipment
-
25% Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2022 - 0).

Page 4

 
2ND GENERATION LOGISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
30,931
4,509
455
35,895


Additions
554
-
583
1,137



At 31 December 2023

31,485
4,509
1,038
37,032



Depreciation


At 1 January 2023
14,009
1,127
228
15,364


Charge for the year on owned assets
7,871
1,127
260
9,258



At 31 December 2023

21,880
2,254
488
24,622



Net book value



At 31 December 2023
9,605
2,255
550
12,410



At 31 December 2022
16,922
3,382
227
20,531


5.


Debtors

2023
2022
£
£


Trade debtors
58,233
55,254

Other debtors
1,000
500

Prepayments and accrued income
3,180
1,659

62,413
57,413



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
22,339
6,624

22,339
6,624


Page 5

 
2ND GENERATION LOGISTICS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
13,522
8,977

Amounts owed to group undertakings
454,006
394,701

Other taxation and social security
10,567
12,153

Accruals and deferred income
3,300
10,095

481,395
425,926



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100


 
Page 6