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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
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A1 Global Logistics Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
199,354 
200,566 
Current assets
Debtors
145,879 
178,716 
Cash at bank and in hand
359,320 
369,612 
505,199 
548,328 
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 
Capital and reserves
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
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A1 Global Logistics Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
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.
Foreign exchange
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 taxation
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
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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 
Depreciation
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 
Net book value
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 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
142,140 
176,427 
Accrued income and prepayments
3,739 
2,289 
145,879 
178,716 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
28,299 
33,352 
Trade creditors
13,729 
47,040 
Taxes and social security
52,367 
58,677 
Other creditors
- 
730 
Accruals
4,310 
13,445 
98,705 
153,244 
7
Share capital
2024 
2023 
£ 
£ 
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).
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