Company Registration No. 13153995 (England and Wales)
SHIPIT LOGISTICS LTD
Unaudited accounts
for the year ended 31 January 2024
SHIPIT LOGISTICS LTD
Unaudited accounts
Contents
SHIPIT LOGISTICS LTD
Company Information
for the year ended 31 January 2024
Director
Mohammed Asad Vahora
Company Number
13153995 (England and Wales)
Registered Office
31 SUNNYSIDE ROAD
ILFORD
IG1 1HU
UNITED KINGDOM
Accountants
Pricewise Accountants
15 -16 St Helen's Place
3rd Floor
London
London
EC3A 6DQ
SHIPIT LOGISTICS LTD
Statement of financial position
as at 31 January 2024
Tangible assets
21,928
16,233
Cash at bank and in hand
22,476
106,036
Creditors: amounts falling due within one year
(9,442)
(40,533)
Net current assets
55,934
98,106
Total assets less current liabilities
77,862
114,339
Creditors: amounts falling due after more than one year
(193,863)
(69,884)
Net (liabilities)/assets
(116,001)
44,455
Called up share capital
1
1
Profit and loss account
(116,002)
44,454
Shareholders' funds
(116,001)
44,455
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 October 2024 and were signed on its behalf by
Mohammed Asad Vahora
Director
Company Registration No. 13153995
SHIPIT LOGISTICS LTD
Notes to the Accounts
for the year ended 31 January 2024
SHIPIT LOGISTICS LTD is a private company, limited by shares, registered in England and Wales, registration number 13153995. The registered office is 31 SUNNYSIDE ROAD, ILFORD, IG1 1HU, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing balance basis
Fixtures & fittings
15% Reducing balance basis
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2023
15,137
2,744
17,881
Additions
5,443
4,122
9,565
At 31 January 2024
20,580
6,866
27,446
At 1 February 2023
734
914
1,648
Charge for the year
2,977
893
3,870
At 31 January 2024
3,711
1,807
5,518
At 31 January 2024
16,869
5,059
21,928
At 31 January 2023
14,403
1,830
16,233
SHIPIT LOGISTICS LTD
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
8,037
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
2,998
4,179
Taxes and social security
28,314
4,308
Loans from directors
162,551
61,397
8
Average number of employees
During the year the average number of employees was 8 (2023: 8).