Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-314false2022-09-15falseNo description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14359040 2022-09-14 14359040 2022-09-15 2023-12-31 14359040 2022-01-01 2022-09-14 14359040 2023-12-31 14359040 c:Director1 2022-09-15 2023-12-31 14359040 d:Buildings d:LongLeaseholdAssets 2022-09-15 2023-12-31 14359040 d:Buildings d:LongLeaseholdAssets 2023-12-31 14359040 d:PlantMachinery 2022-09-15 2023-12-31 14359040 d:PlantMachinery 2023-12-31 14359040 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-09-15 2023-12-31 14359040 d:FurnitureFittings 2022-09-15 2023-12-31 14359040 d:FurnitureFittings 2023-12-31 14359040 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-09-15 2023-12-31 14359040 d:OfficeEquipment 2022-09-15 2023-12-31 14359040 d:OfficeEquipment 2023-12-31 14359040 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-09-15 2023-12-31 14359040 d:OwnedOrFreeholdAssets 2022-09-15 2023-12-31 14359040 d:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 14359040 d:CurrentFinancialInstruments 2023-12-31 14359040 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14359040 d:ShareCapital 2023-12-31 14359040 d:RetainedEarningsAccumulatedLosses 2023-12-31 14359040 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 14359040 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 14359040 c:OrdinaryShareClass1 2022-09-15 2023-12-31 14359040 c:OrdinaryShareClass1 2023-12-31 14359040 c:FRS102 2022-09-15 2023-12-31 14359040 c:AuditExempt-NoAccountantsReport 2022-09-15 2023-12-31 14359040 c:FullAccounts 2022-09-15 2023-12-31 14359040 c:PrivateLimitedCompanyLtd 2022-09-15 2023-12-31 14359040 d:WithinOneYear 2023-12-31 14359040 d:BetweenOneFiveYears 2023-12-31 14359040 d:PatentsTrademarksLicencesConcessionsSimilar d:ExternallyAcquiredIntangibleAssets 2022-09-15 2023-12-31 14359040 d:PatentsTrademarksLicencesConcessionsSimilar d:OwnedIntangibleAssets 2022-09-15 2023-12-31 14359040 e:PoundSterling 2022-09-15 2023-12-31 14359040 d:EntityControlledByKeyManagementPersonnel1 2022-09-15 2023-12-31 14359040 d:EntityControlledByKeyManagementPersonnel1 2023-12-31 14359040 d:EntityControlledByKeyManagementPersonnel2 2022-09-15 2023-12-31 14359040 d:EntityControlledByKeyManagementPersonnel2 2023-12-31 14359040 d:EntityControlledByKeyManagementPersonnel3 2022-09-15 2023-12-31 14359040 d:EntityControlledByKeyManagementPersonnel3 2023-12-31 14359040 d:EntityControlledByKeyManagementPersonnel4 2022-09-15 2023-12-31 14359040 d:EntityControlledByKeyManagementPersonnel4 2023-12-31 14359040 d:EntityControlledByKeyManagementPersonnel5 2022-09-15 2023-12-31 14359040 d:EntityControlledByKeyManagementPersonnel5 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14359040









2B&C LOGISTICS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2023

 
2B&C LOGISTICS LTD
REGISTERED NUMBER: 14359040

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023


2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
1,388

Tangible assets
 5 
57,301

  
58,689

Current assets
  

Debtors: amounts falling due within one year
 6 
549,648

Cash at bank and in hand
 7 
21,196

  
570,844

Creditors: amounts falling due within one year
 8 
(887,034)

Net current liabilities
  
 
 
(316,190)

Total assets less current liabilities
  
(257,501)

  

Net liabilities
  
(257,501)


Capital and reserves
  

Called up share capital 
 10 
100

Profit and loss account
  
(257,601)

  
(257,501)


Page 1

 
2B&C LOGISTICS LTD
REGISTERED NUMBER: 14359040
    
STATEMENT OF FINANCIAL POSITION (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 period 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 Statement of comprehensive income 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.




S Meads
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
2B&C LOGISTICS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

2B&C Logistics Limited is a company limited by share, incorporated in England & Wales. The address of the registered office is 5 Copperhouse Court, Caldecotte, Milton Keynes, England, MK7 8NL.
The company specialises in freight transport services by road.
The company was incorporated on 15 September 2022 and commenced trading on that date.

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 disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements are prepared on a going concern basis, despite the Statement of financial position showing net current liabilities of £316,190. The shareholders have confirmed that they will continue to support the company until such time that the company is able to pay its liabilities as they fall due.
The directors note that the company is trading adequately and has sufficient working capital and other finance available to continue trading for a year of not less than 12 months from the date of signing the financial statements. As such, the directors believe that there are no significant uncertainties in their assessment of whether the business is a going concern and therefore have prepared the accounts on a going concern basis.

 
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.

Page 3

 
2B&C LOGISTICS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight-line basis over the lease term.

 
2.5

Borrowing costs

All borrowing costs are recognised in the Statement of comprehensive income in the period in which they are incurred.

 
2.6

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 the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4

 
2B&C LOGISTICS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

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:

Long-term leasehold property
-
20%
straight line
Plant and machinery
-
10%
straight line
Fixtures and fittings
-
10%
straight line
Office equipment
-
33%
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 the Statement of comprehensive income.

 
2.10

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.

 
2.11

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.

 
2.12

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.

Page 5

 
2B&C LOGISTICS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to the Statement of comprehensive income.


3.


Employees

The average monthly number of employees, including directors, during the period was 4.


4.


Intangible assets



Patents

£



Cost


Additions
2,900



At 31 December 2023

2,900



Amortisation


Charge for the period
1,512



At 31 December 2023

1,512



Net book value



At 31 December 2023
1,388



Page 6

 
2B&C LOGISTICS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost 


Additions
4,891
52,499
3,950
4,293
65,633



At 31 December 2023

4,891
52,499
3,950
4,293
65,633



Depreciation


Charge for the period
912
5,464
635
1,321
8,332



At 31 December 2023

912
5,464
635
1,321
8,332



Net book value



At 31 December 2023
3,979
47,035
3,315
2,972
57,301




6.


Debtors

2023
£


Trade debtors
332,002

Other debtors
12,083

Prepayments and accrued income
122,790

Deferred taxation
82,773

549,648



7.


Cash and cash equivalents

2023
£

Cash at bank and in hand
21,196

21,196


Page 7

 
2B&C LOGISTICS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due within one year

2023
£

Invoice discounting facility
215,872

Trade creditors
182,994

Amounts owed to related parties
366,662

Other taxation and social security
13,775

Other creditors
80,413

Accruals and deferred income
27,318

887,034


Page 8

 
2B&C LOGISTICS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

9.


Deferred taxation



2023


£






Charged to the Statement of comprehensive income
82,773



At end of year
82,773

The deferred tax asset is made up as follows:

2023
£


Accelerated capital allowances
(11,738)

Tax losses carried forward
94,511

82,773


10.


Share capital

2023
£
Allotted, called up and fully paid


100 Ordinary shares of £1 each
100


On incorporation, 100 Ordinary shares of £1 each were issued at par.


11.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £2,476. Contributions totalling £413  were payable to the fund at the reporting date and are included in other creditors.

Page 9

 
2B&C LOGISTICS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

12.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
£


Not later than 1 year
149,999

Later than 1 year and not later than 5 years
312,498

462,497


13.


Related party transactions

During the period, the company made purchases of £593,330 from StaffCo Direct Ltd, a company with common shareholders. At the reporting date, a net amount of £171,382 was due to the company.
 
At the reporting date, the company was owed an amount of £45,280 by Redmann Holdings Ltd, a shareholder.
 
At the reporting date, the company was owed an amount of £150,000 by Blue Bell Holdings Limited, a shareholder.
 
Included within other creditors is an amount due to a director, totalling £30,000.
 
At the reporting date, the company owed £50,000 to a beneficial owner, included within other creditors.


14.


Controlling party

There is no ultimate controlling party.

 
Page 10