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REGISTERED NUMBER: 07922523 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

ABL LOGISTICS LIMITED

ABL LOGISTICS LIMITED (REGISTERED NUMBER: 07922523)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ABL LOGISTICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: J Goodwin
Mrs K O'Donnell





REGISTERED OFFICE: Greenfields
Bell Farm Lane
Minster on Sea
Sheerness
Kent
ME12 4JA





REGISTERED NUMBER: 07922523 (England and Wales)





ACCOUNTANTS: Cassidys Chartered Accountants
South Stour Offices
South Stour Road
Mersham
Ashford
Kent
TN25 7HS

ABL LOGISTICS LIMITED (REGISTERED NUMBER: 07922523)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 214,176 215,253

CURRENT ASSETS
Stocks - 7,000
Debtors 5 11,807 56,895
Cash at bank 124,779 62,857
136,586 126,752
CREDITORS
Amounts falling due within one year 6 138,769 132,556
NET CURRENT LIABILITIES (2,183 ) (5,804 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

211,993

209,449

CREDITORS
Amounts falling due after more than one year 7 (62,382 ) (83,865 )

PROVISIONS FOR LIABILITIES 8 (40,693 ) (40,898 )
NET ASSETS 108,918 84,686

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 108,916 84,684
SHAREHOLDERS' FUNDS 108,918 84,686

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

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

ABL LOGISTICS LIMITED (REGISTERED NUMBER: 07922523)

BALANCE SHEET - continued
31 JANUARY 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:





J Goodwin - Director


ABL LOGISTICS LIMITED (REGISTERED NUMBER: 07922523)

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


1. STATUTORY INFORMATION

ABL 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.

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.
Plant and machinery etc - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

ABL LOGISTICS LIMITED (REGISTERED NUMBER: 07922523)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 449,149
Additions 101,054
Disposals (107,854 )
At 31 January 2024 442,349
DEPRECIATION
At 1 February 2023 233,896
Charge for year 53,545
Eliminated on disposal (59,268 )
At 31 January 2024 228,173
NET BOOK VALUE
At 31 January 2024 214,176
At 31 January 2023 215,253

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 8,820 35,877
Other debtors 2,987 21,018
11,807 56,895

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,249 10,059
Hire purchase contracts 27,871 26,319
Trade creditors 44,626 41,354
Other creditors 56,023 54,824
138,769 132,556

ABL LOGISTICS LIMITED (REGISTERED NUMBER: 07922523)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 15,738 25,987
Hire purchase contracts 30,916 29,975
Other creditors 15,728 27,903
62,382 83,865

8. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 40,693 40,898

Deferred
tax
£   
Balance at 1 February 2023 40,898
Provided during year (205 )
Balance at 31 January 2024 40,693

9. RELATED PARTY DISCLOSURES

Mr J Goodwin - Director and Shareholder

At the balance sheet date ABL Logistics Ltd owed Mr Goodwin £6,548 (2023 - £6,548).

Mrs K O'Donnell - Director and Shareholder

During the year, Mrs O'Donnell make a loan of £40,000 to the company, which is repayable in installments over 36 months from February 2023. As at the balance sheet date, £28,959 was outstanding.