IRIS Accounts Production v24.3.2.46 08571573 director 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh085715732023-04-30085715732024-04-30085715732023-05-012024-04-30085715732022-04-30085715732022-05-012023-04-30085715732023-04-3008571573ns15:EnglandWales2023-05-012024-04-3008571573ns14:PoundSterling2023-05-012024-04-3008571573ns10:Director12023-05-012024-04-3008571573ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3008571573ns10:SmallEntities2023-05-012024-04-3008571573ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3008571573ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3008571573ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3008571573ns10:FullAccounts2023-05-012024-04-3008571573ns10:RegisteredOffice2023-05-012024-04-3008571573ns5:CurrentFinancialInstruments2024-04-3008571573ns5:CurrentFinancialInstruments2023-04-3008571573ns5:ShareCapital2024-04-3008571573ns5:ShareCapital2023-04-3008571573ns5:RetainedEarningsAccumulatedLosses2024-04-3008571573ns5:RetainedEarningsAccumulatedLosses2023-04-3008571573ns5:PlantMachinery2023-05-012024-04-3008571573ns5:FurnitureFittings2023-04-3008571573ns5:ComputerEquipment2023-04-3008571573ns5:FurnitureFittings2023-05-012024-04-3008571573ns5:ComputerEquipment2023-05-012024-04-3008571573ns5:FurnitureFittings2024-04-3008571573ns5:ComputerEquipment2024-04-3008571573ns5:FurnitureFittings2023-04-3008571573ns5:ComputerEquipment2023-04-3008571573ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3008571573ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30
REGISTERED NUMBER: 08571573 (England and Wales)









Financial Statements

for the Year Ended 30 April 2024

for

Daily Global Logistics Limited

Daily Global Logistics Limited (Registered number: 08571573)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Daily Global Logistics Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: S R James





REGISTERED OFFICE: International House
124 Cromwell Road
Kensington
London
SW7 4ET





REGISTERED NUMBER: 08571573 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

Daily Global Logistics Limited (Registered number: 08571573)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 25,603 16,190

CURRENT ASSETS
Debtors 5 1,959,415 1,185,916
Cash at bank and in hand 523,656 241,156
2,483,071 1,427,072
CREDITORS
Amounts falling due within one year 6 (1,882,556 ) (825,373 )
NET CURRENT ASSETS 600,515 601,699
TOTAL ASSETS LESS CURRENT
LIABILITIES

626,118

617,889

PROVISIONS FOR LIABILITIES (6,401 ) (4,047 )
NET ASSETS 619,717 613,842

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 619,716 613,841
619,717 613,842

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 December 2024 and were signed by:





S R James - Director


Daily Global Logistics Limited (Registered number: 08571573)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Daily Global Logistics Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% Straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2023 - 45 ) .

Daily Global Logistics Limited (Registered number: 08571573)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023 10,823 10,894 21,717
Additions 1,169 17,467 18,636
At 30 April 2024 11,992 28,361 40,353
DEPRECIATION
At 1 May 2023 3,042 2,485 5,527
Charge for year 2,877 6,346 9,223
At 30 April 2024 5,919 8,831 14,750
NET BOOK VALUE
At 30 April 2024 6,073 19,530 25,603
At 30 April 2023 7,781 8,409 16,190

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,243,617 652,138
Other debtors 715,798 533,778
1,959,415 1,185,916

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,561,787 431,660
Taxation and social security 28,054 69,628
Other creditors 292,715 324,085
1,882,556 825,373