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REGISTERED NUMBER: 08385860 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Lightyear Logistics Limited

Lightyear Logistics Limited (Registered number: 08385860)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Lightyear Logistics Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: M Cox
M Mcgrady





SECRETARY: M Mcgrady





REGISTERED OFFICE: Unit 1 Nelson Park West
Cramlington
Northumberland
NE23 1WG





REGISTERED NUMBER: 08385860 (England and Wales)





ACCOUNTANTS: AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ

Lightyear Logistics Limited (Registered number: 08385860)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 152,651 145,462

CURRENT ASSETS
Debtors 5 263,922 174,308
Cash at bank and in hand 48,663 297,243
312,585 471,551
CREDITORS
Amounts falling due within one year 6 249,709 398,057
NET CURRENT ASSETS 62,876 73,494
TOTAL ASSETS LESS CURRENT
LIABILITIES

215,527

218,956

CREDITORS
Amounts falling due after more than
one year

7

53,553

61,671
NET ASSETS 161,974 157,285

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 161,874 157,185
SHAREHOLDERS' FUNDS 161,974 157,285

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Lightyear Logistics Limited (Registered number: 08385860)

Balance Sheet - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by:





M Cox - Director


Lightyear Logistics Limited (Registered number: 08385860)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Lightyear Logistics Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Lightyear Logistics Limited (Registered number: 08385860)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements Plant and Motor Computer
to property machinery vehicles equipment Totals
£ £ £ £ £
COST
At 1 March 2023 24,050 1,888 183,831 3,640 213,409
Additions - - 58,379 1,206 59,585
Disposals - - (26,485 ) - (26,485 )
At 29 February 2024 24,050 1,888 215,725 4,846 246,509
DEPRECIATION
At 1 March 2023 5,902 131 59,505 2,409 67,947
Charge for year 2,405 629 44,848 1,203 49,085
Eliminated on disposal - - (23,174 ) - (23,174 )
At 29 February 2024 8,307 760 81,179 3,612 93,858
NET BOOK VALUE
At 29 February 2024 15,743 1,128 134,546 1,234 152,651
At 28 February 2023 18,148 1,757 124,326 1,231 145,462

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£ £
Trade debtors 263,071 174,308
Prepayments 851 -
263,922 174,308

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£ £
Hire purchase 42,204 35,028
Trade creditors 98,806 325,662
Tax - 1
Social security and other taxes 2,269 3,583
VAT 29,811 13,783
Accrued expenses 76,619 20,000
249,709 398,057

Lightyear Logistics Limited (Registered number: 08385860)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.2.24 28.2.23
£ £
Bank loans - 2-5 years 53,553 61,671

Lightyear Logistics Limited

Report of the Accountants to the Directors of
Lightyear Logistics Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29 February 2024 set out on pages one to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






AWS Accountancy Limited
3 Berrymoor Court
Northumberland Business Park
Cramlington
Northumberland
NE23 7RZ


11 October 2024