ETE Logistics UK Limited 14882607 false 2023-05-19 2023-12-31 2023-12-31 The principal activity of the company is freight services. Digita Accounts Production Advanced 6.30.9574.0 true true 14882607 2023-05-19 2023-12-31 14882607 2023-12-31 14882607 core:CurrentFinancialInstruments 2023-12-31 14882607 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 14882607 core:OfficeEquipment 2023-12-31 14882607 bus:SmallEntities 2023-05-19 2023-12-31 14882607 bus:AuditExemptWithAccountantsReport 2023-05-19 2023-12-31 14882607 bus:FilletedAccounts 2023-05-19 2023-12-31 14882607 bus:SmallCompaniesRegimeForAccounts 2023-05-19 2023-12-31 14882607 bus:RegisteredOffice 2023-05-19 2023-12-31 14882607 bus:Director1 2023-05-19 2023-12-31 14882607 bus:Director2 2023-05-19 2023-12-31 14882607 bus:Director3 2023-05-19 2023-12-31 14882607 bus:PrivateLimitedCompanyLtd 2023-05-19 2023-12-31 14882607 core:OfficeEquipment 2023-05-19 2023-12-31 14882607 countries:EnglandWales 2023-05-19 2023-12-31 iso4217:GBP xbrli:pure

Registration number: 14882607

ETE Logistics UK Limited

Unaudited Filleted Financial Statements

for the Period from 19 May 2023 to 31 December 2023

 

ETE Logistics UK Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

ETE Logistics UK Limited

Company Information

Directors

A Kirk

T L M C Martins

M F N B Lima

Registered office

First Floor Trinity House
Bredbury Park Way
Stockport
SK6 2SN

Accountants

Addicus
Chartered Accountants
4 The Axium Centre Dorchester Road
Lytchett Minster
Poole
Dorset
BH16 6FE

 

ETE Logistics UK Limited

(Registration number: 14882607)
Balance Sheet as at 31 December 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

1,915

Current assets

 

Debtors

5

640,079

Cash at bank and in hand

 

301,672

 

941,751

Creditors: Amounts falling due within one year

6

(913,337)

Net current assets

 

28,414

Total assets less current liabilities

 

30,329

Provisions for liabilities

(364)

Net assets

 

29,965

Capital and reserves

 

Called up share capital

1

Retained earnings

29,964

Shareholders' funds

 

29,965

For the financial period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

ETE Logistics UK Limited

(Registration number: 14882607)
Balance Sheet as at 31 December 2023

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 October 2024 and signed on its behalf by:
 

T L M C Martins
Director

   
     
 

ETE Logistics UK Limited

Notes to the Unaudited Financial Statements for the Period from 19 May 2023 to 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
First Floor Trinity House
Bredbury Park Way
Stockport
SK6 2SN

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

ETE Logistics UK Limited

Notes to the Unaudited Financial Statements for the Period from 19 May 2023 to 31 December 2023

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

3 year straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

ETE Logistics UK Limited

Notes to the Unaudited Financial Statements for the Period from 19 May 2023 to 31 December 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 5.

 

ETE Logistics UK Limited

Notes to the Unaudited Financial Statements for the Period from 19 May 2023 to 31 December 2023

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

Additions

2,462

2,462

At 31 December 2023

2,462

2,462

Depreciation

Charge for the period

547

547

At 31 December 2023

547

547

Carrying amount

At 31 December 2023

1,915

1,915

5

Debtors

2023
£

Trade debtors

457,136

Other debtors

20,617

Prepayments

162,326

640,079

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Trade creditors

574,014

Taxation and social security

15,085

Accruals and deferred income

500

Other creditors

323,738

913,337