IRIS Accounts Production v24.3.0.553 04662065 director 1.3.23 29.2.24 29.2.24 false true false false true false Ordinary 1.00000 Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046620652023-02-28046620652024-02-29046620652023-03-012024-02-29046620652022-02-28046620652022-03-012023-02-28046620652023-02-2804662065ns15:EnglandWales2023-03-012024-02-2904662065ns14:PoundSterling2023-03-012024-02-2904662065ns10:Director12023-03-012024-02-2904662065ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2904662065ns10:SmallEntities2023-03-012024-02-2904662065ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2904662065ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2904662065ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2904662065ns10:FullAccounts2023-03-012024-02-2904662065ns10:OrdinaryShareClass12023-03-012024-02-2904662065ns10:RegisteredOffice2023-03-012024-02-2904662065ns5:CurrentFinancialInstruments2024-02-2904662065ns5:CurrentFinancialInstruments2023-02-2804662065ns5:Non-currentFinancialInstruments2024-02-2904662065ns5:Non-currentFinancialInstruments2023-02-2804662065ns5:ShareCapital2024-02-2904662065ns5:ShareCapital2023-02-2804662065ns5:RetainedEarningsAccumulatedLosses2024-02-2904662065ns5:RetainedEarningsAccumulatedLosses2023-02-2804662065ns5:PlantMachinery2023-03-012024-02-2904662065ns5:MotorVehicles2023-03-012024-02-2904662065ns5:PlantMachinery2023-02-2804662065ns5:MotorVehicles2023-02-2804662065ns5:PlantMachinery2024-02-2904662065ns5:MotorVehicles2024-02-2904662065ns5:PlantMachinery2023-02-2804662065ns5:MotorVehicles2023-02-2804662065ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-02-2804662065ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-012024-02-2904662065ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-02-2904662065ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-02-2804662065ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2904662065ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2804662065ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-02-2904662065ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-02-2804662065ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-02-2904662065ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-02-2804662065ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-02-2904662065ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-02-2804662065ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-02-2904662065ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-02-2804662065ns5:HirePurchaseContracts2024-02-2904662065ns5:HirePurchaseContracts2023-02-2804662065ns10:OrdinaryShareClass12024-02-29
REGISTERED NUMBER: 04662065 (England and Wales)





















LOGISTICA WORLD WIDE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






LOGISTICA WORLD WIDE LIMITED (REGISTERED NUMBER: 04662065)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


LOGISTICA WORLD WIDE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: M S Bench





REGISTERED OFFICE: 5 Carousel Way
Riverside Prime
Northampton
Northamptonshire
NN3 9HG





REGISTERED NUMBER: 04662065 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

LOGISTICA WORLD WIDE LIMITED (REGISTERED NUMBER: 04662065)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 120,839 93,626

CURRENT ASSETS
Debtors 5 133,882 82,986
Cash at bank and in hand 39,828 61,044
173,710 144,030
CREDITORS
Amounts falling due within one year 6 161,840 138,763
NET CURRENT ASSETS 11,870 5,267
TOTAL ASSETS LESS CURRENT LIABILITIES 132,709 98,893

CREDITORS
Amounts falling due after more than one
year

7

(28,517

)

(24,545

)

PROVISIONS FOR LIABILITIES (28,953 ) (17,789 )
NET ASSETS 75,239 56,559

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 75,139 56,459
SHAREHOLDERS' FUNDS 75,239 56,559

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

LOGISTICA WORLD WIDE LIMITED (REGISTERED NUMBER: 04662065)

BALANCE SHEET - continued
29 FEBRUARY 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 November 2024 and were signed by:





M S Bench - Director


LOGISTICA WORLD WIDE LIMITED (REGISTERED NUMBER: 04662065)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Logistica World Wide Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

LOGISTICA WORLD WIDE LIMITED (REGISTERED NUMBER: 04662065)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Government grants
Grants are accounted for under the accruals model as permitted by FRS102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income,

Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

LOGISTICA WORLD WIDE LIMITED (REGISTERED NUMBER: 04662065)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2023 165,302 126,583 291,885
Additions 2,249 44,750 46,999
At 29 February 2024 167,551 171,333 338,884
DEPRECIATION
At 1 March 2023 123,270 74,989 198,259
Charge for year 8,721 11,065 19,786
At 29 February 2024 131,991 86,054 218,045
NET BOOK VALUE
At 29 February 2024 35,560 85,279 120,839
At 28 February 2023 42,032 51,594 93,626

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2023
and 29 February 2024 34,491
DEPRECIATION
At 1 March 2023 6,898
Charge for year 5,519
At 29 February 2024 12,417
NET BOOK VALUE
At 29 February 2024 22,074
At 28 February 2023 27,593

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 120,727 45,057
Other debtors 13,155 37,929
133,882 82,986

LOGISTICA WORLD WIDE LIMITED (REGISTERED NUMBER: 04662065)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,909 10,909
Hire purchase contracts (see note 8) 15,169 38,548
Trade creditors 96,572 50,425
Corporation tax 24,548 22,252
Social security and other taxes 4,715 8,043
Other creditors 5,529 4,371
Directors' current accounts 650 918
Accruals and deferred income 3,748 3,297
161,840 138,763

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,909 10,909
Bank loans - 2-5 years 2,727 13,636
Hire purchase contracts (see note 8) 14,881 -
28,517 24,545

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 15,169 38,548
Between one and five years 14,881 -
30,050 38,548

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100