Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 06777403 Mr D C Burns Mr J P Nicholas Mr S James iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06777403 2022-12-31 06777403 2023-12-31 06777403 2023-01-01 2023-12-31 06777403 frs-core:CurrentFinancialInstruments 2023-12-31 06777403 frs-core:FurnitureFittings 2023-12-31 06777403 frs-core:FurnitureFittings 2023-01-01 2023-12-31 06777403 frs-core:FurnitureFittings 2022-12-31 06777403 frs-core:MotorVehicles 2023-12-31 06777403 frs-core:MotorVehicles 2023-01-01 2023-12-31 06777403 frs-core:MotorVehicles 2022-12-31 06777403 frs-core:PlantMachinery 2023-12-31 06777403 frs-core:PlantMachinery 2023-01-01 2023-12-31 06777403 frs-core:PlantMachinery 2022-12-31 06777403 frs-core:ShareCapital 2023-12-31 06777403 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06777403 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06777403 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 06777403 frs-bus:SmallEntities 2023-01-01 2023-12-31 06777403 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06777403 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06777403 frs-bus:Director1 2023-01-01 2023-12-31 06777403 frs-bus:Director2 2023-01-01 2023-12-31 06777403 frs-bus:Director3 2023-01-01 2023-12-31 06777403 frs-countries:EnglandWales 2023-01-01 2023-12-31 06777403 2021-12-31 06777403 2022-12-31 06777403 2022-01-01 2022-12-31 06777403 frs-core:CurrentFinancialInstruments 2022-12-31 06777403 frs-core:ShareCapital 2022-12-31 06777403 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 06777403
Logistic Engineering Services Ltd
Financial Statements
For The Year Ended 31 December 2023
Godfrey Mansell & Co
Hales Court
Stourbridge Road
Halesowen
B63 3TT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06777403
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 51,753 80,834
51,753 80,834
CURRENT ASSETS
Debtors 5 166,791 883,424
Cash at bank and in hand 367,004 816,210
533,795 1,699,634
Creditors: Amounts Falling Due Within One Year 6 (10,752 ) (427,597 )
NET CURRENT ASSETS (LIABILITIES) 523,043 1,272,037
TOTAL ASSETS LESS CURRENT LIABILITIES 574,796 1,352,871
NET ASSETS 574,796 1,352,871
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 574,795 1,352,870
SHAREHOLDERS' FUNDS 574,796 1,352,871
Page 1
Page 2
For the year ending 31 December 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr S James
Director
24 September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Logistic Engineering Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06777403 . The registered office is Hales Court, Stourbridge Road, Halesowen, B63 3TT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% straight line
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2023 4,369 118,250 2,708 125,327
Disposals - (26,250 ) - (26,250 )
As at 31 December 2023 4,369 92,000 2,708 99,077
Depreciation
As at 1 January 2023 3,610 38,176 2,707 44,493
Provided during the period 757 20,019 - 20,776
Disposals - (17,945 ) - (17,945 )
As at 31 December 2023 4,367 40,250 2,707 47,324
Net Book Value
As at 31 December 2023 2 51,750 1 51,753
As at 1 January 2023 759 80,074 1 80,834
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Page 4
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors - 596,185
Prepayments and accrued income 157,490 157,490
Other debtors 1,010 1,215
VAT 8,291 14,328
Directors' loan accounts - 114,206
166,791 883,424
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,232 416,469
Bank loans and overdrafts - 1,571
Other taxes and social security 4,851 4,872
Other creditors 77 77
Accruals and deferred income 4,462 4,608
Directors' loan accounts 130 -
10,752 427,597
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
Page 4