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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
Page
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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
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SHIPIT LOGISTICS LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
21,928 
16,233 
Current assets
Debtors
42,900 
32,603 
Cash at bank and in hand
22,476 
106,036 
65,376 
138,639 
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 
Capital and reserves
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
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SHIPIT LOGISTICS LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 January 2024
16,869 
5,059 
21,928 
At 31 January 2023
14,403 
1,830 
16,233 
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SHIPIT LOGISTICS LTD Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
42,900 
- 
Other debtors
- 
7,937 
42,900 
7,937 
Amounts falling due after more than one year
Other debtors
- 
24,666 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
32,496 
Trade creditors
9,442 
- 
Taxes and social security
- 
8,037 
9,442 
40,533 
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 
193,863 
69,884 
8
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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