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Registered Number: 12737075
England and Wales

 

 

 


Filleted Accounts

for the period ended 31 January 2024

for

REFORMATION LOGISTICS LTD

 
 
Notes
 
2024
£
  2022
£
Fixed assets      
Tangible fixed assets 3 1,021,761    678,291 
1,021,761    678,291 
Current assets      
Debtors 4 776,486    577,829 
Cash at bank and in hand 59,775    62,025 
836,261    639,854 
Creditors: amount falling due within one year 5 (645,781)   (646,287)
Net current assets 190,480    (6,433)
 
Total assets less current liabilities 1,212,241    671,858 
Creditors: amount falling due after more than one year 6 (896,539)   (522,783)
Provisions for liabilities 7 (77,622)   (18,508)
Net assets 238,080    130,567 
 

Capital and reserves
     
Called up share capital 8 2    2 
Profit and loss account 238,078    130,565 
Shareholders' funds 238,080    130,567 
 


For the period ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 22 October 2024 and were signed on its behalf by:


-------------------------------
Alexander John Lomas
Director
1
General Information
Reformation Logistics Ltd is a private company, limited by shares, registered in England and Wales, registration number 12737075, registration address Penny Lane Business Centre, 374 Smithdown Road, Liverpool, Merseyside, L15 5AN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the period was 32 (2022 : 29).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Total
  £   £   £
At 01 August 2022 105,741    593,812    699,553 
Additions 1,893    409,406    411,299 
Disposals    
At 31 January 2024 107,634    1,003,218    1,110,852 
Depreciation
At 01 August 2022 514    20,748    21,262 
Charge for period 10,523    57,306    67,829 
On disposals    
At 31 January 2024 11,037    78,054    89,091 
Net book values
Closing balance as at 31 January 2024 96,597    925,164    1,021,761 
Opening balance as at 01 August 2022 105,227    573,064    678,291 


4.

Debtors: amounts falling due within one year

2024
£
  2022
£
Trade Debtors 346,912    454,191 
Other Debtors 429,574    123,638 
776,486    577,829 

5.

Creditors: amount falling due within one year

2024
£
  2022
£
Trade Creditors 236,014    164,658 
Bank Loans & Overdrafts 188,389    347,189 
PAYE & Social Security 89,980    28,121 
Other Creditors 57,785    13,077 
Directors' Current Accounts 73,613    93,242 
645,781    646,287 

6.

Creditors: amount falling due after more than one year

2024
£
  2022
£
Bank Loans & Overdrafts 521,846    456,417 
Obligations Under HP/Financial Leases 374,693    66,366 
896,539    522,783 

7.

Provisions for liabilities

2024
£
  2022
£
Deferred Tax 77,622    18,508 
77,622    18,508 

8.

Share Capital

Authorised
2 Ordinary shares of £1.00 each
Allotted, called up and fully paid
2024
£
  2022
£
2 Ordinary shares of £1.00 each  
 

2