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REGISTERED NUMBER: 05103387 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

HARBORSIDE LOGISTICS LIMITED

HARBORSIDE LOGISTICS LIMITED (REGISTERED NUMBER: 05103387)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARBORSIDE LOGISTICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: J A Collins
A Collins





REGISTERED OFFICE: Charter House
161 Newhall Street
Birmingham
West Midlands
B3 1SW





REGISTERED NUMBER: 05103387 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
161 Newhall Street
Birmingham
B3 1SW

HARBORSIDE LOGISTICS LIMITED (REGISTERED NUMBER: 05103387)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 67,872 102,648

CURRENT ASSETS
Debtors 4 1,474,441 1,256,590
Cash at bank and in hand 1,482,164 1,148,049
2,956,605 2,404,639
CREDITORS
Amounts falling due within one year 5 818,570 399,433
NET CURRENT ASSETS 2,138,035 2,005,206
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,205,907

2,107,854

PROVISIONS FOR LIABILITIES 293 11,725
NET ASSETS 2,205,614 2,096,129

CAPITAL AND RESERVES
Called up share capital 25,000 25,000
Share premium 6 6
Other reserves 6,073 6,073
Retained earnings 2,174,535 2,065,050
SHAREHOLDERS' FUNDS 2,205,614 2,096,129

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 directors acknowledge their 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.

HARBORSIDE LOGISTICS LIMITED (REGISTERED NUMBER: 05103387)

BALANCE SHEET - continued
30 APRIL 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:





J A Collins - Director


HARBORSIDE LOGISTICS LIMITED (REGISTERED NUMBER: 05103387)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. ACCOUNTING POLICIES

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

Turnover
Turnover represents the provision of services, excluding Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 25% on cost

Current taxation
Current tax, including UK corporation tax, is provided at amounts expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

Share-based payments
The company issues equity-settled share options to certain employees within the company. Equity-settled share-based payment transactions are measured at fair value.

Fair value is measured by use of an earnings valuation model which is considered by management to be the most appropriate method of valuation.

The fair value of options in issue but not exercised are contained within other reserves. Where options have been granted but not vested, the Directors have estimated how many they believe will ultimately vest and they have adopted this estimation in their value calculation.

Share options issued in the scheme as consideration for employment services provided are treated as an expense of the company in the period and credited to a capital contribution reserve at there fair value. Changes in fair value of options issued in prior periods is regarded as additional consideration for employment services and is treated similarly. On the exercise of the options, their value is transferred to profit and loss.

HARBORSIDE LOGISTICS LIMITED (REGISTERED NUMBER: 05103387)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 14 ) .

3. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 296,107 44,366 68,243 17,029 425,745
Additions - 447 15,348 - 15,795
At 30 April 2024 296,107 44,813 83,591 17,029 441,540
DEPRECIATION
At 1 May 2023 241,986 22,235 46,901 11,975 323,097
Charge for year 35,939 3,376 10,739 517 50,571
At 30 April 2024 277,925 25,611 57,640 12,492 373,668
NET BOOK VALUE
At 30 April 2024 18,182 19,202 25,951 4,537 67,872
At 30 April 2023 54,121 22,131 21,342 5,054 102,648

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,358,054 1,145,047
Other debtors 116,387 111,543
1,474,441 1,256,590

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 307,372 315,257
Taxation and social security 146,483 69,112
Other creditors 364,715 15,064
818,570 399,433