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Registered number: 13973980
Gaderian Prime Logistics Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Accounts Tax Group Ltd
Chartered Certified Accountants
Suite 6
186 St. Albans Road
Watford
Hertfordshire
WD24 4AS
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13973980
31 March 2024 31 March 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 2,118,803 2,497,235
Cash at bank and in hand 1,114,527 925,354
3,233,330 3,422,589
Creditors: Amounts Falling Due Within One Year 5 (465,520 ) (1,517,009 )
NET CURRENT ASSETS (LIABILITIES) 2,767,810 1,905,580
TOTAL ASSETS LESS CURRENT LIABILITIES 2,767,810 1,905,580
Creditors: Amounts Falling Due After More Than One Year 6 (71,999 ) -
NET ASSETS 2,695,811 1,905,580
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 2,695,711 1,905,480
SHAREHOLDERS' FUNDS 2,695,811 1,905,580
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Kathryn Dean
Director
04/11/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Gaderian Prime Logistics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13973980 . The registered office is Suite 6 186 St. Albans Road, Watford, Hertfordshire, WD24 4AS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 13)
2 13
Page 2
Page 3
4. Debtors
31 March 2024 31 March 2023
£ £
Due within one year
Prepayments and accrued income 37,000 -
PGHC Estate Ltd 2,081,450 2,499,230
Pension scheme prepayments - (1,995 )
PAYE liability 353 -
2,118,803 2,497,235
5. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 March 2023
£ £
Trade creditors (1 ) (1 )
Corporation tax 409,701 1,220,854
PAYE liability - 129,999
VAT 16,576 -
Wages NET liability 1 69,308
Director NET wages liability - 51,654
Accruals and deferred income 19,500 40,000
Director's loan account 19,743 5,195
465,520 1,517,009
6. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 March 2023
£ £
Gaderian International Logistics Unlimited 71,999 -
7. Share Capital
31 March 2024 31 March 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3