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Company Registration No. 13941976 (England and Wales)
VEO LOGISTICS LTD Unaudited accounts for the year ended 31 March 2024
VEO LOGISTICS LTD Unaudited accounts Contents
Page
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VEO LOGISTICS LTD Company Information for the year ended 31 March 2024
Director
SULTAN, Omar
Company Number
13941976 (England and Wales)
Registered Office
Letchworth House Chesney Wold Bleak Hall Milton Keynes MK6 1NE ENGLAND
Accountants
Nathan Grace Ltd 6 Homestead Lane Buckinghamshire MK18 2RU
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of VEO LOGISTICS LTD for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of VEO LOGISTICS LTD for the year ended 31 March 2024 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Nathan Grace Ltd Chartered Certified Accountants 6 Homestead Lane Buckinghamshire MK18 2RU 5 December 2024
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VEO LOGISTICS LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
110,647 
54,545 
Current assets
Debtors
112,787 
106,395 
Cash at bank and in hand
22,777 
71,792 
135,564 
178,187 
Creditors: amounts falling due within one year
(219,939)
(227,729)
Net current liabilities
(84,375)
(49,542)
Net assets
26,272 
5,003 
Capital and reserves
Called up share capital
1 
1 
Share premium
70,000 
80,000 
Profit and loss account
(43,729)
(74,998)
Shareholders' funds
26,272 
5,003 
For the year ending 31 March 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 5 December 2024 and were signed on its behalf by
SULTAN, Omar Director Company Registration No. 13941976
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VEO LOGISTICS LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
VEO LOGISTICS LTD is a private company, limited by shares, registered in England and Wales, registration number 13941976. The registered office is Letchworth House Chesney Wold, Bleak Hall, Milton Keynes, MK6 1NE, 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
Depreciated over 3 years
Fixtures & fittings
Depreciated over 6 years
Computer equipment
Depreciated over 3 years
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
34,562 
26,257 
8,692 
69,511 
Additions
84,265 
- 
- 
84,265 
At 31 March 2024
118,827 
26,257 
8,692 
153,776 
Depreciation
At 1 April 2023
8,640 
4,270 
2,056 
14,966 
Charge for the year
14,547 
9,004 
4,612 
28,163 
At 31 March 2024
23,187 
13,274 
6,668 
43,129 
Net book value
At 31 March 2024
95,640 
12,983 
2,024 
110,647 
At 31 March 2023
25,922 
21,987 
6,636 
54,545 
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VEO LOGISTICS LTD Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
102,184 
100,530 
Accrued income and prepayments
4,286 
- 
Other debtors
6,317 
5,865 
112,787 
106,395 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
33,658 
32,576 
Trade creditors
83,809 
121,323 
Taxes and social security
32,759 
20,375 
Other creditors
21,438 
35,413 
Loans from directors
46,197 
6,513 
Accruals
2,078 
11,529 
219,939 
227,729 
7
Average number of employees
During the year the average number of employees was 22 (2023: 22).
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