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REGISTERED NUMBER: 09274113 (England and Wales)















NOVA LOGISTICS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






NOVA LOGISTICS LIMITED (REGISTERED NUMBER: 09274113)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NOVA LOGISTICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R Reason
A Reason
C Reason
J Reason
M Reason





REGISTERED OFFICE: 180 Siskin Parkway West
Bagington
Coventry
CV3 4PA





REGISTERED NUMBER: 09274113 (England and Wales)






NOVA LOGISTICS LIMITED (REGISTERED NUMBER: 09274113)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,204,028 954,900

CURRENT ASSETS
Debtors 5 974,244 800,529
Cash at bank 77,425 60,141
1,051,669 860,670
CREDITORS
Amounts falling due within one year 6 494,053 367,958
NET CURRENT ASSETS 557,616 492,712
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,761,644

1,447,612

CREDITORS
Amounts falling due after more than one
year

7

(289,792

)

(205,226

)

PROVISIONS FOR LIABILITIES (301,007 ) (238,725 )
NET ASSETS 1,170,845 1,003,661

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 1,170,844 1,003,660
SHAREHOLDERS' FUNDS 1,170,845 1,003,661

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.

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 & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





R Reason - Director


NOVA LOGISTICS LIMITED (REGISTERED NUMBER: 09274113)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Nova Logistics 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.

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.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - NIL ) .

NOVA LOGISTICS LIMITED (REGISTERED NUMBER: 09274113)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 1,377,111
Additions 621,499
Disposals (209,321 )
At 31 March 2024 1,789,289
DEPRECIATION
At 1 April 2023 422,211
Charge for year 359,288
Eliminated on disposal (196,238 )
At 31 March 2024 585,261
NET BOOK VALUE
At 31 March 2024 1,204,028
At 31 March 2023 954,900

Included within fixed assets are assets held under hire purchase contracts.
Cost £1,442,694 (2023 £830,194) - Accumulated depreciation £329,814 (2023 £109,505) - Net book value £1,112,880 (2023 £720,689).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 679,844 786,344
Other debtors 294,400 14,185
974,244 800,529

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 456,683 358,061
Amounts owed to group undertakings 10,292 -
Taxation and social security 17,078 (103 )
494,053 367,958

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 14,167 24,167
Hire purchase contracts 275,625 181,059
289,792 205,226

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase 732,308 539,119

NOVA LOGISTICS LIMITED (REGISTERED NUMBER: 09274113)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. CALLED UP SHARE CAPITAL

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