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Company Registration No. 13307245 (England and Wales)
Bandla Logistics Ltd Unaudited accounts for the year ended 31 March 2024
Bandla Logistics Ltd Unaudited accounts Contents
Page
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Bandla Logistics Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
283,441 
267,399 
Current assets
Debtors
147,703 
86,249 
Cash at bank and in hand
275 
262 
147,978 
86,511 
Creditors: amounts falling due within one year
(309,889)
(202,996)
Net current liabilities
(161,911)
(116,485)
Net assets
121,530 
150,914 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
121,430 
150,814 
Shareholders' funds
121,530 
150,914 
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 7 November 2024 and were signed on its behalf by
Ikram Bandla Director Company Registration No. 13307245
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Bandla Logistics Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Bandla Logistics Ltd is a private company, limited by shares, registered in England and Wales, registration number 13307245. The registered office is 128 City Road, London, EC1V 2NX.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Motor vehicles
16.66% - 25%
Computer equipment
33.33% - 50%
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Bandla Logistics Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
379,121 
6,305 
385,426 
Additions
178,596 
999 
179,595 
Disposals
(61,327)
- 
(61,327)
At 31 March 2024
496,390 
7,304 
503,694 
Depreciation
At 1 April 2023
113,112 
4,915 
118,027 
Charge for the year
110,904 
1,585 
112,489 
On disposals
(10,263)
- 
(10,263)
At 31 March 2024
213,753 
6,500 
220,253 
Net book value
At 31 March 2024
282,637 
804 
283,441 
At 31 March 2023
266,009 
1,390 
267,399 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
128,569 
- 
Other debtors
19,134 
86,249 
147,703 
86,249 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
46,578 
46,039 
Trade creditors
13,312 
3,141 
Taxes and social security
116 
116 
Other creditors
87,885 
63,552 
Loans from directors
153,788 
75,344 
Accruals
8,210 
14,804 
309,889 
202,996 
7
Average number of employees
During the year the average number of employees was 4 (2023: 3).
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