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Company Registration No. 10056072 (England and Wales)
F-RAY LOGISTICS SERVICES LIMITED Unaudited accounts for the year ended 31 March 2024
F-RAY LOGISTICS SERVICES LIMITED Unaudited accounts Contents
Page
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F-RAY LOGISTICS SERVICES LIMITED Company Information for the year ended 31 March 2024
Directors
Victor Olubunmi AJILA Olumide AJILA
Company Number
10056072 (England and Wales)
Registered Office
125 Schoolfield Road Grays, England RM20 3AN
Accountants
Johnson Olanrewaju High Glory Associates 10 Riverdale Road Kent BEXLEY Dartford, Kent DA5 1QZ
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F-RAY LOGISTICS SERVICES LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1 
6,018 
Current assets
Cash at bank and in hand
9,050 
9,561 
Creditors: amounts falling due within one year
(6,050)
(5,850)
Net current assets
3,000 
3,711 
Total assets less current liabilities
3,001 
9,729 
Creditors: amounts falling due after more than one year
(6,000)
(11,900)
Net liabilities
(2,999)
(2,171)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(3,099)
(2,271)
Shareholders' funds
(2,999)
(2,171)
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 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 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 of Directors and authorised for issue on 30 December 2024 and were signed on its behalf by
Olumide AJILA Director Company Registration No. 10056072
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F-RAY LOGISTICS SERVICES LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
F-RAY LOGISTICS SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10056072. The registered office is 125 Schoolfield Road, Grays, England, RM20 3AN.
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:
Motor vehicles
Depreciated over 4 years on straight line method
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 April 2023
37,501 
At 31 March 2024
37,501 
Depreciation
At 1 April 2023
31,483 
Charge for the year
6,017 
At 31 March 2024
37,500 
Net book value
At 31 March 2024
1 
At 31 March 2023
6,018 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,700 
5,700 
Accruals
350 
150 
6,050 
5,850 
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F-RAY LOGISTICS SERVICES LIMITED Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
6,000 
11,900 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 8 (2023: 4).
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