Registered number
07238701
Ammax Logistics Limited
Filleted Accounts
30 April 2024
Ammax Logistics Limited
Registered number: 07238701
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 500,452 500,704
Current assets
Debtors 4 47,492 70,607
Cash at bank and in hand 145,297 31,173
192,789 101,780
Creditors: amounts falling due within one year 5 (93,294) (30,150)
Net current assets 99,495 71,630
Total assets less current liabilities 599,947 572,334
Creditors: amounts falling due after more than one year 6 (35,248) (41,248)
Net assets 564,699 531,086
Capital and reserves
Called up share capital 1 1
Profit and loss account 564,698 531,085
Shareholder's funds 564,699 531,086
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Rupert Trawoger
Director
Approved by the board on 9 January 2025
Ammax Logistics Limited
Notes to the Accounts
for the year ended 30 April 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).
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 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.
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:
Freehold land and buildings - Nil
Plant and machinery - 20% reducing balance
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.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 May 2023 499,447 6,125 505,572
At 30 April 2024 499,447 6,125 505,572
Depreciation
At 1 May 2023 - 4,868 4,868
Charge for the year - 252 252
At 30 April 2024 - 5,120 5,120
Net book value
At 30 April 2024 499,447 1,005 500,452
At 30 April 2023 499,447 1,257 500,704
4 Debtors 2024 2023
£ £
Trade debtors 39,537 23,446
Other debtors 7,955 7,756
Accrued income - 39,405
47,492 70,607
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 81,856 24,761
Taxation and social security costs 9,638 3,689
Accruals 1,800 1,700
93,294 30,150
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 35,248 41,248
7 Related party transactions
Rupert Trawoger
Long term loans of £35,248 (2023: £41,248) are due to Rupert Trawoger who is the sole director and shareholder of the company. The loan is unsecured, interest free and repayable on demand. However, the director has undertaken not to demand repayment of this loan for at least twelve months from the signing of these accounts and only as and when the company's finances allow.
Trawoeger Transport GmBH
The director has a controlling interest in Trawoeger Transport GmbH, a company registered in Austria. During the year the company made sales of £299,325 (2023: £100,841) to Trawoeger Transport GmbH. All transactions were undertaken at arm's length and on commercial terms. At the reporting date, £24,120 (2023: £10,590) was due from Trawoeger Transport GmbH.
8 Controlling party
The company is controlled by Rupert Trawoger.
9 Other information
Ammax Logistics Limited is a private company limited by shares and incorporated in England. Its registered office is:
112A North Street
Hornchurch
Essex
RM11 1SU
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