Acorah Software Products - Accounts Production 16.0.110 false true true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 11303036 Mrs Janice Flinders Mr Gerald Flinders Mrs Janice Flinders Mr. Gerald Flinders and Mrs. Janice Elizabeth Flinders true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11303036 2023-04-30 11303036 2024-04-30 11303036 2023-05-01 2024-04-30 11303036 frs-core:CurrentFinancialInstruments 2024-04-30 11303036 frs-core:Non-currentFinancialInstruments 2024-04-30 11303036 frs-core:FurnitureFittings 2024-04-30 11303036 frs-core:FurnitureFittings 2023-05-01 2024-04-30 11303036 frs-core:FurnitureFittings 2023-04-30 11303036 frs-core:MotorVehicles 2024-04-30 11303036 frs-core:MotorVehicles 2023-05-01 2024-04-30 11303036 frs-core:MotorVehicles 2023-04-30 11303036 frs-core:ShareCapital 2024-04-30 11303036 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 11303036 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11303036 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 11303036 frs-bus:SmallEntities 2023-05-01 2024-04-30 11303036 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 11303036 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11303036 1 2023-05-01 2024-04-30 11303036 frs-bus:Director1 2023-05-01 2024-04-30 11303036 frs-bus:Director2 2023-05-01 2024-04-30 11303036 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 11303036 frs-core:CurrentFinancialInstruments 1 2024-04-30 11303036 frs-core:Non-currentFinancialInstruments 1 2024-04-30 11303036 frs-core:Non-currentFinancialInstruments 2 2024-04-30 11303036 frs-core:CurrentFinancialInstruments 3 2024-04-30 11303036 frs-core:Non-currentFinancialInstruments 3 2024-04-30 11303036 frs-core:CurrentFinancialInstruments 4 2024-04-30 11303036 frs-core:Non-currentFinancialInstruments 4 2024-04-30 11303036 frs-core:Non-currentFinancialInstruments 5 2024-04-30 11303036 frs-core:Non-currentFinancialInstruments 6 2024-04-30 11303036 frs-core:CurrentFinancialInstruments 8 2024-04-30 11303036 frs-core:CurrentFinancialInstruments 9 2024-04-30 11303036 frs-countries:EnglandWales 2023-05-01 2024-04-30 11303036 2022-04-30 11303036 2023-04-30 11303036 2022-05-01 2023-04-30 11303036 frs-core:CurrentFinancialInstruments 2023-04-30 11303036 frs-core:Non-currentFinancialInstruments 2023-04-30 11303036 frs-core:ShareCapital 2023-04-30 11303036 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 11303036 frs-core:CurrentFinancialInstruments 1 2023-04-30 11303036 frs-core:Non-currentFinancialInstruments 1 2023-04-30 11303036 frs-core:CurrentFinancialInstruments 2 2023-04-30 11303036 frs-core:Non-currentFinancialInstruments 2 2023-04-30 11303036 frs-core:CurrentFinancialInstruments 3 2023-04-30 11303036 frs-core:Non-currentFinancialInstruments 3 2023-04-30 11303036 frs-core:CurrentFinancialInstruments 4 2023-04-30 11303036 frs-core:Non-currentFinancialInstruments 4 2023-04-30 11303036 frs-core:Non-currentFinancialInstruments 5 2023-04-30 11303036 frs-core:CurrentFinancialInstruments 6 2023-04-30 11303036 frs-core:Non-currentFinancialInstruments 6 2023-04-30 11303036 frs-core:CurrentFinancialInstruments 8 2023-04-30 11303036 frs-core:CurrentFinancialInstruments 9 2023-04-30
Registered number: 11303036
East Coast Logistics Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Maurice J Bushell & Co Ltd.
Chartered Certified Accountants
1 St Katherine's Way
London
E1W 1UN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11303036
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 675,620 440,390
675,620 440,390
CURRENT ASSETS
Debtors 5 506,755 606,170
Cash at bank and in hand 662 85,164
507,417 691,334
Creditors: Amounts Falling Due Within One Year 6 (688,772 ) (483,107 )
NET CURRENT ASSETS (LIABILITIES) (181,355 ) 208,227
TOTAL ASSETS LESS CURRENT LIABILITIES 494,265 648,617
Creditors: Amounts Falling Due After More Than One Year 7 (531,022 ) (524,124 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (107,548 ) (75,837 )
NET (LIABILITIES)/ASSETS (144,305 ) 48,656
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (144,307 ) 48,654
SHAREHOLDERS' FUNDS (144,305) 48,656
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For the year ending 30 April 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.
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 Janice Flinders
Director
Mr Gerald Flinders
Director
31 August 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
East Coast Logistics Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11303036 . The registered office is Units 4 & 5 Brightwell Barns, Waldringfield Road, Ipswich, Suffolk, IP10 0BJ.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as
either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a
residual interest in the assets of the company after deducting all of its liabilities.
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2.7. 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: 23 (2023: 21)
23 21
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 May 2023 753,464 4,027 757,491
Additions 395,972 - 395,972
Disposals (65,805 ) - (65,805 )
As at 30 April 2024 1,083,631 4,027 1,087,658
Depreciation
As at 1 May 2023 316,033 1,068 317,101
Provided during the period 105,191 634 105,825
Disposals (10,888 ) - (10,888 )
As at 30 April 2024 410,336 1,702 412,038
Net Book Value
As at 30 April 2024 673,295 2,325 675,620
As at 1 May 2023 437,431 2,959 440,390
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - DANI/FREEMAN 1,434 -
Pension contributions (1,037 ) (555 )
Sales Ledger Control 506,358 604,259
Directors' loan accounts - 2,466
506,755 606,170
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 7,114 12,039
Other taxes and social security 33,404 -
VAT 49,445 8,978
PAYE Contol Account - 13,107
CA Auto 47,180 -
Santander ET68 PYU - 18,441
Close Asset (4 trl loan) 55,929 4,850
Purchase Ledger Account 263,402 377,394
Aldemore Loan KS15ZYZ/YK16XRR - 10,457
Funding Circle 224,910 -
Hitachi - ECL6&9 5,554 11,055
Accruals and deferred income 1,800 1,800
Fiat Financial LO21 DLX - 21,809
Directors' loan accounts 34 2,500
Attachment of Earning - 677
688,772 483,107
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other loans - J Flinders 19,000 20,000
Net wages 12,427 10,675
Bounce Back Loan 22,908 22,220
Simple Auto Finance 103,832 (1,380 )
Credit Card 6,349 3,706
Time Finance - AV67FPN - 13,101
Quantum Finance - AV67FP - 48,919
Close Invoice Finance Ltd 251,899 227,090
Haydock Finance 103,403 179,793
Paragon 11,204 -
531,022 524,124
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Ultimate Controlling Party
The company was under the control of Mr. Gerald Flinders and Mrs. Janice Elizabeth Flinders during the current period.
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