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REGISTERED NUMBER: 06813427 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

PHASE 1 LOGISTICS LIMITED

PHASE 1 LOGISTICS LIMITED (REGISTERED NUMBER: 06813427)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Balance Sheet 1


PHASE 1 LOGISTICS LIMITED (REGISTERED NUMBER: 06813427)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
£    £    £    £   
FIXED ASSETS 22,215 33,517

CURRENT ASSETS 94,293 103,345

CREDITORS
Amounts falling due within one year (58,509 ) (61,948 )
NET CURRENT ASSETS 35,784 41,397
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,999

74,914

CREDITORS
Amounts falling due after more than one
year

42,405

54,513
NET ASSETS 15,594 20,401

CAPITAL AND RESERVES 15,594 20,401

NOTES TO THE FINANCIAL STATEMENTS

1. STATUTORY INFORMATION

Phase 1 Logistics Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06813427

Registered office: 467 Rainham Road South
Dagenham
Essex
RM10 7XJ

2. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 3 (2023 - 3 ) .

PHASE 1 LOGISTICS LIMITED (REGISTERED NUMBER: 06813427)

BALANCE SHEET - continued
29 FEBRUARY 2024

NOTES TO THE FINANCIAL STATEMENTS

3. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
Trevor Johnson and Angelia Johnson
Balance outstanding at start of year (2,228 ) 18,066
Amounts advanced 20,808 30,330
Amounts repaid (18,624 ) (50,624 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (44 ) (2,228 )

Dividends of £18,000 and use of home as office of £624 were credited to the directors loan account during the year.



The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2024 and were signed on its behalf by:





Trevor Johnson - Director