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Company Registration No. 13201536 (England and Wales)
V1 LOGISTICS LTD Unaudited accounts for the year ended 29 February 2024
V1 LOGISTICS LTD Unaudited accounts Contents
Page
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V1 LOGISTICS LTD Company Information for the year ended 29 February 2024
Director
Mr Steven John Maine
Company Number
13201536 (England and Wales)
Registered Office
11 PLOUGHMAN WAY TRUMPINGTON CAMBRIDGE CB2 9GE ENGLAND
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V1 LOGISTICS LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
40,675 
40,300 
Current assets
Debtors
43,429 
- 
Cash at bank and in hand
180,628 
140,679 
224,057 
140,679 
Creditors: amounts falling due within one year
(181,097)
(120,118)
Net current assets
42,960 
20,561 
Net assets
83,635 
60,861 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
83,634 
60,860 
Shareholders' funds
83,635 
60,861 
For the year ending 29 February 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 director acknowledges his 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 and authorised for issue on 26 November 2024 and were signed on its behalf by
Mr Steven John Maine Director Company Registration No. 13201536
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V1 LOGISTICS LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
V1 LOGISTICS LTD is a private company, limited by shares, registered in England and Wales, registration number 13201536. The registered office is 11 PLOUGHMAN WAY, TRUMPINGTON, CAMBRIDGE, CB2 9GE, ENGLAND.
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.
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:
Plant & machinery
2 years straight line
Computer equipment
3 years straight line
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
4,416 
39,287 
2,158 
45,861 
Additions
7,191 
- 
- 
7,191 
At 29 February 2024
11,607 
39,287 
2,158 
53,052 
Depreciation
At 1 March 2023
470 
3,924 
1,167 
5,561 
Charge for the year
243 
5,296 
1,277 
6,816 
At 29 February 2024
713 
9,220 
2,444 
12,377 
Net book value
At 29 February 2024
10,894 
30,067 
(286)
40,675 
At 28 February 2023
3,946 
35,363 
991 
40,300 
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V1 LOGISTICS LTD Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,263 
- 
Other debtors
42,166 
- 
43,429 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
27,741 
5,577 
Trade creditors
88,567 
58,159 
Taxes and social security
11,559 
25,837 
Loans from directors
11,430 
545 
Accruals
41,800 
30,000 
181,097 
120,118 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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