Company Registration No. 09662564 (England and Wales)
O'TOOLE INTERNATIONAL LOGISTICS LIMITED
Unaudited accounts
for the year ended 31 December 2023
O'TOOLE INTERNATIONAL LOGISTICS LIMITED
Unaudited accounts
Contents
O'TOOLE INTERNATIONAL LOGISTICS LIMITED
Company Information
for the year ended 31 December 2023
Directors
Laurence O'Toole
Ellen O'Toole
Company Number
09662564 (England and Wales)
Registered Office
The Apex
2 Sheriffs Orchard
Coventry
CV1 3PP
Accountants
Accounts and Returns Ltd
26 Smith St
Warwick
CV34 4HS
O'TOOLE INTERNATIONAL LOGISTICS LIMITED
Statement of financial position
as at 31 December 2023
Tangible assets
2,772,875
1,310,198
Debtors
1,299,671
1,363,519
Cash at bank and in hand
416,214
597,028
Creditors: amounts falling due within one year
(1,326,179)
(1,551,346)
Net current assets
436,215
436,691
Total assets less current liabilities
3,209,090
1,746,889
Creditors: amounts falling due after more than one year
(2,540,989)
(1,069,805)
Net assets
668,101
677,084
Called up share capital
100
100
Profit and loss account
668,001
676,984
Shareholders' funds
668,101
677,084
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 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 21 May 2024 and were signed on its behalf by
Laurence O'Toole
Director
Company Registration No. 09662564
O'TOOLE INTERNATIONAL LOGISTICS LIMITED
Notes to the Accounts
for the year ended 31 December 2023
O'TOOLE INTERNATIONAL LOGISTICS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09662564. The registered office is The Apex, 2 Sheriffs Orchard, Coventry, CV1 3PP.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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 or lease term:
Plant & machinery
15% Straight Line
Motor vehicles
15% Straight Line
4
Intangible fixed assets
Goodwill
O'TOOLE INTERNATIONAL LOGISTICS LIMITED
Notes to the Accounts
for the year ended 31 December 2023
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
8,784
23,521
1,710,726
1,743,031
Additions
-
17,115
2,206,898
2,224,013
Disposals
-
-
(766,760)
(766,760)
At 31 December 2023
8,784
40,636
3,150,864
3,200,284
At 1 January 2023
132
4,876
427,825
432,833
Charge for the year
878
3,840
407,774
412,492
On disposals
-
-
(417,916)
(417,916)
At 31 December 2023
1,010
8,716
417,683
427,409
At 31 December 2023
7,774
31,920
2,733,181
2,772,875
At 31 December 2022
8,652
18,645
1,282,901
1,310,198
Amounts falling due within one year
Trade debtors
1,233,626
1,174,210
Amounts due from group undertakings etc.
-
155,400
Accrued income and prepayments
65,945
33,809
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,014,965
1,243,319
Taxes and social security
49,079
49,296
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
2,540,989
1,069,805
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
O'TOOLE INTERNATIONAL LOGISTICS LIMITED
Notes to the Accounts
for the year ended 31 December 2023
10
Transactions with related parties
JDOT ltd - the company received services of £62965.76 of which £19765.95 was outstanding at the year end and provided services of £0, the balance outstanding at the year end was £0
O'Toole Transport Ltd - the company received services of £3025000.60 and €808222.87 of which £233253.28 and €370062.25 was outstanding at the year end and provided services of £2410200.50, the balance outstanding at the year end was £400077.59
O'Toole Transport Limited (IE246594)
Allenspark Moycullen Co Galway Moycullen, Co Galway, Ireland
12
Average number of employees
During the year the average number of employees was 14 (2022: 14).