Registered number
08629881
Auto Box Logistics Limited
Filleted Accounts
31 March 2024
Auto Box Logistics Limited
Registered number: 08629881
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 110,043 143,674
Investments 4 139,530 754,179
249,573 897,853
Current assets
Debtors 5 398,932 843,646
Cash at bank and in hand 626,921 478,195
1,025,853 1,321,841
Creditors: amounts falling due within one year 6 (1,394,677) (2,374,928)
Net current liabilities (368,824) (1,053,087)
Total assets less current liabilities (119,251) (155,234)
Provisions for liabilities (21,247) (26,386)
Net liabilities (140,498) (181,620)
Capital and reserves
Called up share capital 1 1
Profit and loss account (140,499) (181,621)
Shareholders' funds (140,498) (181,620)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Horwell
Director
Approved by the board on 22 December 2024
Auto Box Logistics Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going Concern
The director has reviewed the budgets and forecasts for a period of 12 months from approval of the financial statement. The company has a net liability value at 31 March 2024 of £112,568 (2023:£181,620). The director has confirmed there willingness to continue with its support of the company for the forseeable future.

The impact of inflation on the ability for the entity to generate future profits has also been considered by assessing the current impact to the date of approval of these financial statements. The director is of the opinion that there are adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director believes that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 25%
Plant and machinery 10%
Fixtures, fittings, tools and equipment 25%
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life.

Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 7
3 Tangible fixed assets
Fixtures & Fittings Plant and machinery etc Computer equipment Total
£ £ £ £
Cost
At 1 April 2023 8,766 377,642 45,227 431,635
Additions - - 307 307
At 31 March 2024 8,766 377,642 45,534 431,942
Depreciation
At 1 April 2023 7,219 241,483 39,259 287,961
Charge for the year 536 32,796 606 33,938
At 31 March 2024 7,755 274,279 39,865 321,899
Net book value
At 31 March 2024 1,011 103,363 5,669 110,043
At 31 March 2023 1,547 136,159 5,968 143,674
4 Investments
Other
investments
£
Cost
At 1 April 2023 754,179
Disposals (614,649)
At 31 March 2024 139,530
5 Debtors 2024 2023
£ £
Trade debtors 235,858 626,605
Amounts owed by group undertakings and undertakings in which the company has a participating interest 11,852 12,255
Other debtors 151,222 204,786
398,932 843,646
6 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals and deferred income 52,166 46,062
Trade creditors 166,782 274,793
Taxation and social security costs 22,362 5,705
Other creditors 1,153,367 2,048,368
1,394,677 2,374,928
7 Pension commitments
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £7,108 (2023: £8,210). £1,021 (2023: £1,155) of contributions were payable to the fund at the balance sheet date.
8 Related party transactions
The services of Mr D G Horwell were provided through Auto Box Logistics Limited within his role as majority shareholder. During the year, the company incurred consultancy fees totalling Nil (2023:£30,000). At the year end the company owed £1,112,873(2023: £2,046,679) to Mr D G Horwell in respect of a loan. Interest of £8,000 was charged on this balance for the year.

During the year, sales were made to CFR Classics LLC totalling £12,499 (2023:£12,499). An amount of £9,974 was outstanding at the year end. During the year, purchases were made from CFR Classics LLC totalling £9,172. An amount of £8,525 was owing at the year end. An amount of £152,440 is also due from CFR Classics LLC in respect of a loan.

At the year end, there is an amount of £24,301 (2023:£17,455) owing to Cargo Marketing Services Limited.
9 Other information
Auto Box Logistics Limited is a private company limited by shares and incorporated in England. Its registered office is:
Ocean House
Marston Park
Tamworth
Staffordshire
B38 7HU
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