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REGISTERED NUMBER: 05047646 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Data Driven Logistics Limited

Data Driven Logistics Limited (Registered number: 05047646)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Data Driven Logistics Limited (Registered number: 05047646)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 363,943 382,210
Investments 6 520,000 -
883,943 382,210

CURRENT ASSETS
Stocks 9,075 9,500
Debtors 7 663,284 365,655
Cash at bank and in hand 81,538 237,983
753,897 613,138
CREDITORS
Amounts falling due within one year 8 442,597 353,775
NET CURRENT ASSETS 311,300 259,363
TOTAL ASSETS LESS CURRENT LIABILITIES 1,195,243 641,573

CREDITORS
Amounts falling due after more than one year 9 (128,705 ) (175,863 )

PROVISIONS FOR LIABILITIES (15,598 ) (15,986 )
NET ASSETS 1,050,940 449,724

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 1,050,839 449,623
SHAREHOLDERS' FUNDS 1,050,940 449,724

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Data Driven Logistics Limited (Registered number: 05047646)

Balance Sheet - continued
31 March 2024


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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2024 and were signed on its behalf by:





G Aston - Director


Data Driven Logistics Limited (Registered number: 05047646)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Data Driven 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: 05047646

Registered office: Thornton House
Cemetery Road
Shelton
Stoke-on-Trent
Staffordshire
ST4 2DL

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - NIL % per annum
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Data Driven Logistics Limited (Registered number: 05047646)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Research
& Development
£   
COST
At 1 April 2023
and 31 March 2024 60,158
AMORTISATION
At 1 April 2023
and 31 March 2024 60,158
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Data Driven Logistics Limited (Registered number: 05047646)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 300,000 2,828 176,645 479,473
Additions - 5,042 6,195 11,237
At 31 March 2024 300,000 7,870 182,840 490,710
DEPRECIATION
At 1 April 2023 - 467 96,796 97,263
Charge for year - 1,110 28,394 29,504
At 31 March 2024 - 1,577 125,190 126,767
NET BOOK VALUE
At 31 March 2024 300,000 6,293 57,650 363,943
At 31 March 2023 300,000 2,361 79,849 382,210

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Computer
equipment
£   
COST
At 1 April 2023
and 31 March 2024 89,750
DEPRECIATION
At 1 April 2023 47,657
Charge for year 13,891
At 31 March 2024 61,548
NET BOOK VALUE
At 31 March 2024 28,202
At 31 March 2023 42,093

6. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
Additions 520,000
At 31 March 2024 520,000
NET BOOK VALUE
At 31 March 2024 520,000

Data Driven Logistics Limited (Registered number: 05047646)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 384,110 290,341
Other debtors 279,174 75,314
663,284 365,655

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 27,579 27,579
Hire purchase contracts 24,600 22,388
Trade creditors 36,901 37,116
Taxation and social security 265,391 181,657
Other creditors 88,126 85,035
442,597 353,775

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 122,908 147,679
Hire purchase contracts 5,797 28,184
128,705 175,863

Amounts falling due in more than five years:

Repayable by instalments
Bank Loans 39,255 54,027

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 150,487 175,258
Hire purchase contracts 30,397 50,572
180,884 225,830

A charge was created on the 10 June 2016 by Barclays Bank PLC over the freehold property at Thornton House, Cemetery Road, Stoke-on-Trent.

Hire Purchase contracts are secured on the assets to which they relate.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Data Driven Holdings Limited.