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REGISTERED NUMBER: 03130161 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

REFLEX LOGISTICS LTD

REFLEX LOGISTICS LTD (REGISTERED NUMBER: 03130161)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REFLEX LOGISTICS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr R R Johnston
Mrs B J S Johnston





SECRETARY: Mrs B J S Johnston





REGISTERED OFFICE: Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St Edmunds
Suffolk
IP31 2QY





REGISTERED NUMBER: 03130161 (England and Wales)





ACCOUNTANTS: Twinn Accountants Limited
Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY

REFLEX LOGISTICS LTD (REGISTERED NUMBER: 03130161)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,078 9,439

CURRENT ASSETS
Debtors 5 1,738 864

CREDITORS
Amounts falling due within one year 6 17,124 12,653
NET CURRENT LIABILITIES (15,386 ) (11,789 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(8,308

)

(2,350

)

CREDITORS
Amounts falling due after more than one
year

7

(1,833

)

(3,292

)

PROVISIONS FOR LIABILITIES (620 ) (1,459 )
NET LIABILITIES (10,761 ) (7,101 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (10,861 ) (7,201 )
SHAREHOLDERS' FUNDS (10,761 ) (7,101 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

REFLEX LOGISTICS LTD (REGISTERED NUMBER: 03130161)

BALANCE SHEET - continued
31 MARCH 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 7 October 2024 and were signed on its behalf by:





Mr R R Johnston - Director


REFLEX LOGISTICS LTD (REGISTERED NUMBER: 03130161)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Reflex Logistics Ltd 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.

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.

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.
Equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

REFLEX LOGISTICS LTD (REGISTERED NUMBER: 03130161)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 1,573 19,813 21,386
DEPRECIATION
At 1 April 2023 1,069 10,878 11,947
Charge for year 127 2,234 2,361
At 31 March 2024 1,196 13,112 14,308
NET BOOK VALUE
At 31 March 2024 377 6,701 7,078
At 31 March 2023 504 8,935 9,439

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,204 -
VAT - 255
Prepayments 534 609
1,738 864

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Loans & overdrafts 1,900 4,070
Trade creditors 1,655 1,666
Social security & other taxes 1,844 502
Directors' current accounts 9,461 4,335
Accrued expenses 2,264 2,080
17,124 12,653

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 1,462 1,390
Bank loans - 2-5 years 371 1,902
1,833 3,292

REFLEX LOGISTICS LTD (REGISTERED NUMBER: 03130161)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bounce Back Loan 3,258 4,649

The Bounce Back Loan is secured by the UK government.