Company Registration No. NI625484 (Northern Ireland)
A1 Global Logistics Ltd
Unaudited accounts
for the year ended 30 June 2024
A1 Global Logistics Ltd
Accountants' report
Accountants' report to the board of directors of A1 Global Logistics Ltd on the preparation of the unaudited statutory accounts for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
A1 Global Logistics Ltd for the year ended
30 June 2024 as set out on pages
3 -
5 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of A1 Global Logistics Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of A1 Global Logistics Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A1 Global Logistics Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that A1 Global Logistics Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of A1 Global Logistics Ltd. You consider that A1 Global Logistics Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of A1 Global Logistics Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
W F Lemon & Co Ltd
76 Main Street
Lisnaskea
Co Fermanagh
BT92 0JD
17 September 2024
A1 Global Logistics Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
199,354
200,566
Cash at bank and in hand
359,320
369,612
Creditors: amounts falling due within one year
(98,705)
(153,244)
Net current assets
406,494
395,084
Total assets less current liabilities
605,848
595,650
Provisions for liabilities
Deferred tax
(9,003)
(15,417)
Net assets
596,845
580,233
Called up share capital
100
100
Profit and loss account
596,745
580,133
Shareholders' funds
596,845
580,233
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by
Mrs Anna Sembhi
Director
Company Registration No. NI625484
A1 Global Logistics Ltd
Notes to the Accounts
for the year ended 30 June 2024
A1 Global Logistics Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI625484. The registered office is 19 Killynick Road, Derrylin, Co Fermanagh, BT92 9HJ, Northern Ireland.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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:
Fixtures & fittings
25% Straight Line
A1 Global Logistics Ltd
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2023
111,325
-
62,838
92,212
266,375
Additions
-
21,000
-
48,034
69,034
At 30 June 2024
111,325
21,000
62,838
140,246
335,409
At 1 July 2023
21,687
-
19,859
24,263
65,809
Charge for the year
22,265
2,450
12,568
32,963
70,246
At 30 June 2024
43,952
2,450
32,427
57,226
136,055
At 30 June 2024
67,373
18,550
30,411
83,020
199,354
At 30 June 2023
89,638
-
42,979
67,949
200,566
Amounts falling due within one year
Trade debtors
142,140
176,427
Accrued income and prepayments
3,739
2,289
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
13,729
47,040
Taxes and social security
52,367
58,677
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 9 (2023: 9).