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Company Registration No. 11005468 (England and Wales)
DAC LOGISTIC INTERNATIONAL & CO LIMITED Unaudited accounts for the year ended 31 October 2023
DAC LOGISTIC INTERNATIONAL & CO LIMITED Unaudited accounts Contents
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DAC LOGISTIC INTERNATIONAL & CO LIMITED Company Information for the year ended 31 October 2023
Director
Danut Panaite
Company Number
11005468 (England and Wales)
Registered Office
85 Chestnut Avenue Hornchurch RM12 4HH United Kingdom
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DAC LOGISTIC INTERNATIONAL & CO LIMITED Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
77,096 
87,110 
Current assets
Inventories
4,726 
14,477 
Debtors
3,024 
1,264 
Cash at bank and in hand
6,747 
21,236 
14,497 
36,977 
Creditors: amounts falling due within one year
(33,776)
(61,906)
Net current liabilities
(19,279)
(24,929)
Total assets less current liabilities
57,817 
62,181 
Creditors: amounts falling due after more than one year
(30,342)
(51,720)
Net assets
27,475 
10,461 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
27,375 
10,361 
Shareholders' funds
27,475 
10,461 
For the year ending 31 October 2023 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 7 September 2024 and were signed on its behalf by
Danut Panaite Director Company Registration No. 11005468
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DAC LOGISTIC INTERNATIONAL & CO LIMITED Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
DAC LOGISTIC INTERNATIONAL & CO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11005468. The registered office is 85 Chestnut Avenue, Hornchurch, RM12 4HH, United Kingdom.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles
10% On cost
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
98,967 
1,170 
100,137 
At 31 October 2023
98,967 
1,170 
100,137 
Depreciation
At 1 November 2022
13,027 
- 
13,027 
Charge for the year
10,014 
- 
10,014 
At 31 October 2023
23,041 
- 
23,041 
Net book value
At 31 October 2023
75,926 
1,170 
77,096 
At 31 October 2022
85,940 
1,170 
87,110 
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DAC LOGISTIC INTERNATIONAL & CO LIMITED Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,024 
1,264 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
9,890 
9,890 
VAT
5,842 
5,441 
Obligations under finance leases and hire purchase contracts
6,805 
13,109 
Trade creditors
8,935 
31,163 
Other creditors
1,000 
- 
Loans from directors
41 
1,040 
Accruals
1,263 
1,263 
33,776 
61,906 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
15,056 
24,946 
Obligations under finance leases and hire purchase contracts
15,286 
26,774 
30,342 
51,720 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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