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Registered number: 11579068
G ALLEGRO LOGISTICS LTD
Financial Statements
For The Year Ended 30 September 2024
BROMLEY ACCOUNTANTS LIMITED
8 DENMARK ROAD
BROMLEY
KENT
BR1 3AB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11579068
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 362,925 526,609
362,925 526,609
CURRENT ASSETS
Debtors 5 240,641 160,963
Cash at bank and in hand 97,595 176,091
338,236 337,054
Creditors: Amounts Falling Due Within One Year 6 (216,584 ) (520,395 )
NET CURRENT ASSETS (LIABILITIES) 121,652 (183,341 )
TOTAL ASSETS LESS CURRENT LIABILITIES 484,577 343,268
Creditors: Amounts Falling Due After More Than One Year 7 (232,988 ) (26,299 )
NET ASSETS 251,589 316,969
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 251,489 316,869
SHAREHOLDERS' FUNDS 251,589 316,969
Page 1
Page 2
For the year ending 30 September 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr IONUT GHINET
Director
06/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
G ALLEGRO LOGISTICS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 11579068 . The registered office is 17 Downs Hill, Beckenham, BR3 5HA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 25% Reducing balance
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 3)
5 3
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 October 2023 - - 787,153 47,035
Additions 49,068 - 105,518 -
Disposals - - (208,602 ) -
Transfers 43,716 2,049 (37,642 ) (45,764 )
As at 30 September 2024 92,784 2,049 646,427 1,271
Depreciation
As at 1 October 2023 - - 365,907 13,777
Provided during the period 13,699 318 89,196 184
Disposals - - (47,033 ) -
Transfers 12,466 775 - (13,242 )
As at 30 September 2024 26,165 1,093 408,070 719
Net Book Value
As at 30 September 2024 66,619 956 238,357 552
As at 1 October 2023 - - 421,246 33,258
Computer Equipment Total
£ £
Cost
As at 1 October 2023 116,346 950,534
Additions 2,571 157,157
Disposals - (208,602 )
Transfers - (37,641 )
As at 30 September 2024 118,917 861,448
Depreciation
As at 1 October 2023 44,241 423,925
Provided during the period 18,235 121,632
Disposals - (47,033 )
Transfers - (1 )
As at 30 September 2024 62,476 498,523
Net Book Value
As at 30 September 2024 56,441 362,925
As at 1 October 2023 72,105 526,609
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 79,104 99,118
Prepayments and accrued income 137,979 61,845
Other debtors - Rent Deposit 23,558 -
240,641 160,963
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 74,609 349,783
Other taxes and social security 571 1,280
VAT 33,698 69,234
Net wages 263 -
Accruals and deferred income 106,729 97,625
Directors' loan accounts 714 2,473
216,584 520,395
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 216,617 -
Bank loans 16,371 26,299
232,988 26,299
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 216,617 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5