3 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 12046022 2023-07-01 2024-06-30 12046022 2024-06-30 12046022 2023-06-30 12046022 2022-07-01 2023-06-30 12046022 2023-06-30 12046022 2022-06-30 12046022 core:PlantMachinery 2023-07-01 2024-06-30 12046022 core:MotorVehicles 2023-07-01 2024-06-30 12046022 bus:LeadAgentIfApplicable 2023-07-01 2024-06-30 12046022 bus:Director1 2023-07-01 2024-06-30 12046022 core:MotorVehicles 2023-06-30 12046022 core:PlantMachinery 2024-06-30 12046022 core:MotorVehicles 2024-06-30 12046022 core:WithinOneYear 2024-06-30 12046022 core:WithinOneYear 2023-06-30 12046022 core:AfterOneYear 2024-06-30 12046022 core:AfterOneYear 2023-06-30 12046022 core:ShareCapital 2024-06-30 12046022 core:ShareCapital 2023-06-30 12046022 core:RetainedEarningsAccumulatedLosses 2024-06-30 12046022 core:RetainedEarningsAccumulatedLosses 2023-06-30 12046022 core:MotorVehicles 2023-06-30 12046022 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-06-30 12046022 core:LeasedAssetsHeldAsLessee core:MotorVehicles 2024-06-30 12046022 core:LeasedAssetsHeldAsLessee 2024-06-30 12046022 core:LeasedAssetsHeldAsLessee core:MotorVehicles 2023-06-30 12046022 core:LeasedAssetsHeldAsLessee 2023-06-30 12046022 bus:SmallEntities 2023-07-01 2024-06-30 12046022 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 12046022 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12046022 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12046022 bus:FullAccounts 2023-07-01 2024-06-30 12046022 core:ComputerEquipment 2023-07-01 2024-06-30 12046022 core:ComputerEquipment 2023-06-30 12046022 core:ComputerEquipment 2024-06-30 12046022 core:CommunicationNetworkEquipment 2024-06-30
COMPANY REGISTRATION NUMBER: 12046022
Warrior Logistics Ltd
Filleted Unaudited Financial Statements
30 June 2024
Warrior Logistics Ltd
Financial Statements
Year ended 30 June 2024
Contents
Page
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2
Notes to the financial statements
4
Warrior Logistics Ltd
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Warrior Logistics Ltd
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 financial statements of Warrior Logistics Ltd for the year ended 30 June 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Warrior Logistics Ltd, as a body, in accordance with the terms of our engagement letter dated 12 March 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Warrior Logistics Ltd and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Warrior Logistics Ltd and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Warrior Logistics Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Warrior Logistics Ltd. You consider that Warrior 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 financial statements of Warrior 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 financial statements.
HEBBLETHWAITES Chartered accountants
2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ
21 September 2024
Warrior Logistics Ltd
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
557,672
46,029
Current assets
Debtors
6
804,738
549,021
Cash at bank and in hand
704,483
309,833
------------
---------
1,509,221
858,854
Creditors: amounts falling due within one year
7
989,725
536,832
------------
---------
Net current assets
519,496
322,022
------------
---------
Total assets less current liabilities
1,077,168
368,051
Creditors: amounts falling due after more than one year
8
396,830
77,492
Provisions
132,079
11,349
------------
---------
Net assets
548,259
279,210
------------
---------
Warrior Logistics Ltd
Statement of Financial Position (continued)
30 June 2024
2024
2023
Note
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
548,159
279,110
---------
---------
Shareholders funds
548,259
279,210
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 10 September 2024 , and are signed on behalf of the board by:
Mr E J Hattersley
Director
Company registration number: 12046022
Warrior Logistics Ltd
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is C/o Hebblethwaites, 2 Westbrook Court, Sharrow Vale Road, Sheffield, S11 8YZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. In the opinion of management, there are no judgements or key sources of estimation uncertainty that have a significant impact on the financial statements, other than those stated below.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Commercial vehicles
-
25% straight line
Motor vehicles
-
25% reducing balance
Computer equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
Financial statements are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).
5. Tangible assets
Commercial vehicles
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost
At 1 July 2023
59,055
4,497
63,552
Additions
534,837
44,940
2,997
582,774
Disposals
( 7,700)
( 142)
( 7,842)
---------
--------
-------
---------
At 30 June 2024
534,837
96,295
7,352
638,484
---------
--------
-------
---------
Depreciation
At 1 July 2023
14,540
2,983
17,523
Charge for the year
54,204
15,580
1,252
71,036
Disposals
( 7,700)
( 47)
( 7,747)
---------
--------
-------
---------
At 30 June 2024
54,204
22,420
4,188
80,812
---------
--------
-------
---------
Carrying amount
At 30 June 2024
480,633
73,875
3,164
557,672
---------
--------
-------
---------
At 30 June 2023
44,515
1,514
46,029
---------
--------
-------
---------
Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
Commercial vehicles
Motor vehicles
Total
£
£
£
At 30 June 2024
480,633
73,875
554,508
---------
--------
---------
At 30 June 2023
44,515
44,515
---------
--------
---------
6. Debtors
2024
2023
£
£
Trade debtors
269,560
149,708
Other debtors
535,178
399,313
---------
---------
804,738
549,021
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
8,901
8,279
Trade creditors
262,257
208,960
Corporation tax
40,474
61,467
Social security and other taxes
220,072
57,511
Other creditors
458,021
200,615
---------
---------
989,725
536,832
---------
---------
Included within creditors falling due within one year are loans and financial arrangements in the sum of £129,308 (2023: £Nil) that are secured against the assets of the company to which they relate.
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
21,637
31,161
Other creditors
375,193
46,331
---------
--------
396,830
77,492
---------
--------
Included within creditors falling due after more than one year are loans and financial arrangements in the sum of £375,193 (2023: £46,331) that are secured against the assets of the company to which they relate.
9. Directors' advances, credits and guarantees
A loan account exists between the company and each of the three directors. At the year end date, the directors were indebted to the company, in this regard, in the following sums: Mr E J & Mrs S E Hattersley £103,749 (2023: £Nil) Mr A W Hattersley £16,175 (2023: £Nil) Interest is not being charged in relation to these debtor balances and there are no formal terms for repayment, other than an underlying intention that the entire balances be repaid within nine months of the year end date.
10. Related party transactions
Included within debtors at the year end date is a loan which is owed to the company by a related party company under common control and amounting to £34,280 (2023: £45,490). The balance results from advances made by this company to the related party company and is not subject to any formal repayment terms and neither is any interest chargeable. Included within debtors at the year end date is a loan which is owed to the company by a related party company under common control and amounting to £24,025 (2023: £Nil). The balance results from advances made by this company to the related party company and is not subject to any formal repayment terms and neither is any interest chargeable.
11. Controlling party
The ultimate controlling party is Mr E J Hattersley .