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
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
V1 LOGISTICS LTD
Statement of financial position
as at 29 February 2024
Tangible assets
40,675
40,300
Cash at bank and in hand
180,628
140,679
Creditors: amounts falling due within one year
(181,097)
(120,118)
Net current assets
42,960
20,561
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
V1 LOGISTICS LTD
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 29 February 2024
11,607
39,287
2,158
53,052
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
At 29 February 2024
10,894
30,067
(286)
40,675
At 28 February 2023
3,946
35,363
991
40,300
V1 LOGISTICS LTD
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Accrued income and prepayments
1,263
-
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
88,567
58,159
Taxes and social security
11,559
25,837
Loans from directors
11,430
545
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).