Registered number
04449317
Respond Logistics Limited
Report and Accounts
31 March 2024
Respond Logistics Limited
Registered number: 04449317
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 9,495 11,171
Current assets
Debtors 4 495,246 284,842
Cash at bank and in hand 448,175 596,247
943,421 881,089
Creditors: amounts falling due within one year 5 (721,294) (539,600)
Net current assets 222,127 341,489
Total assets less current liabilities 231,622 352,660
Provisions for liabilities (1,804) (2,122)
Net assets 229,818 350,538
Capital and reserves
Called up share capital 2 2
Profit and loss account 229,816 350,536
Shareholder's funds 229,818 350,538
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Fowler
Director
Approved by the board on 13 September 2024
Respond Logistics Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicle 20% SLM
Fixtures, fittings, tools and equipment 15% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 13 22
3 Tangible fixed assets Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 41,692 17,033 58,725
At 31 March 2024 41,692 17,033 58,725
Depreciation
At 1 April 2023 30,521 17,033 47,554
Charge for the year 1,676 - 1,676
At 31 March 2024 32,197 17,033 49,230
Net book value
At 31 March 2024 9,495 - 9,495
At 31 March 2023 11,171 - 11,171
4 Debtors 2024 2023
£ £
Trade debtors 123,746 92,842
Amounts owed by group undertakings and undertakings in which the company has a participating interest 171,500 192,000
Other debtors 200,000 -
495,246 284,842
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 187
Amounts owed to group undertakings and undertakings in which the company has a participating interest 187,899 117,899
Corporation tax 42,571 38,698
Other taxes and social security costs 84,676 71,898
Other creditors 406,148 310,918
721,294 539,600
6 Other information
Respond Logistics Limited is a private company limited by shares and incorporated in England. Its registered office is:
Hollybrook House, Church Street
Clifton
Shefford
Bedfordshire
SG17 5ET
Respond Logistics Limited 04449317 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 N Fowler No description of principal activity 04449317 2022-04-01 2023-03-31 04449317 core:WithinOneYear 2023-03-31 04449317 core:ShareCapital 2023-03-31 04449317 core:RetainedEarningsAccumulatedLosses 2023-03-31 04449317 2023-04-01 2024-03-31 04449317 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04449317 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04449317 bus:Director40 2023-04-01 2024-03-31 04449317 1 2023-04-01 2024-03-31 04449317 2 2023-04-01 2024-03-31 04449317 core:PlantMachinery 2023-04-01 2024-03-31 04449317 core:Vehicles 2023-04-01 2024-03-31 04449317 countries:England 2023-04-01 2024-03-31 04449317 bus:FRS102 2023-04-01 2024-03-31 04449317 bus:FilletedAccounts 2023-04-01 2024-03-31 04449317 2024-03-31 04449317 core:WithinOneYear 2024-03-31 04449317 core:ShareCapital 2024-03-31 04449317 core:RetainedEarningsAccumulatedLosses 2024-03-31 04449317 core:PlantMachinery 2024-03-31 04449317 core:Vehicles 2024-03-31 04449317 2023-03-31 04449317 core:PlantMachinery 2023-03-31 04449317 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure