Company registration number 12388575 (England and Wales)
KMX Logistics Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 January 2024
PAGES FOR FILING WITH REGISTRAR
KMX Logistics Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
KMX Logistics Ltd
Statement of financial position
as at 31 January 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
38,831
51,776
Current assets
Debtors
1,494
6,984
Cash at bank and in hand
18,000
57,394
19,494
64,378
Creditors: amounts falling due within one year
(121,227)
(144,825)
Net current liabilities
(101,733)
(80,447)
Total assets less current liabilities
(62,902)
(28,671)
Creditors: amounts falling due after more than one year
(13,333)
(23,333)
Net liabilities
(76,235)
(52,004)
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
(76,245)
(52,014)
Total equity
(76,235)
(52,004)
KMX Logistics Ltd
Statement of financial position (continued)
as at 31 January 2024
- 2 -

For the financial year ended 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 of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 22 October 2024
J Mulligan
Director
Company registration number 12388575 (England and Wales)
KMX Logistics Ltd
Notes to the financial statements
for the year ended 31 January 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised represents the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT. Turnover is recognised on the performance of contractual service obligations where a right to consideration is due.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles
25% reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
KMX Logistics Ltd
Notes to the financial statements (continued)
for the year ended 31 January 2024
- 4 -
3
Tangible fixed assets
Motor vehicles
£
Cost
At 1 February 2023 and 31 January 2024
96,649
Depreciation and impairment
At 1 February 2023
44,873
Depreciation charged in the year
12,945
At 31 January 2024
57,818
Carrying amount
At 31 January 2024
38,831
At 31 January 2023
51,776
4
Company information

KMX Logistics Ltd is a private company limited by shares incorporated in England and Wales. The registered office is White Birch, 67 Wheatley Road, Wheatley, Halifax, West Yorkshire, HX3 5AA.

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