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REGISTERED NUMBER: 12127021 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Above And Beyond Logistics Ltd

Above And Beyond Logistics Ltd (Registered number: 12127021)

Contents of the Financial Statements
for the Year Ended 31 July 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Above And Beyond Logistics Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: D Gribble



REGISTERED OFFICE: 4 St. Margarets Road
Hucclecote
Gloucester
GL3 3BP



REGISTERED NUMBER: 12127021 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Santander
Bootle
Merseyside
L30 4GB

Above And Beyond Logistics Ltd (Registered number: 12127021)

Statement of Financial Position
31 July 2024

31/7/24 31/7/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 169,054 170,330

CURRENT ASSETS
Debtors 5 72,690 74,806
Cash at bank 33,929 11,381
106,619 86,187
CREDITORS
Amounts falling due within one year 6 72,706 66,706
NET CURRENT ASSETS 33,913 19,481
TOTAL ASSETS LESS CURRENT
LIABILITIES

202,967

189,811

CREDITORS
Amounts falling due after more than one
year

7

(90,520

)

(117,848

)

PROVISIONS FOR LIABILITIES (20,447 ) (9,728 )
NET ASSETS 92,000 62,235

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 91,998 62,233
SHAREHOLDERS' FUNDS 92,000 62,235

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Above And Beyond Logistics Ltd (Registered number: 12127021)

Statement of Financial Position - continued
31 July 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 director and authorised for issue on 25 November 2024 and were signed by:





D Gribble - Director


Above And Beyond Logistics Ltd (Registered number: 12127021)

Notes to the Financial Statements
for the Year Ended 31 July 2024


1. STATUTORY INFORMATION

Above And Beyond Logistics Ltd 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
Turnover 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Above And Beyond Logistics Ltd (Registered number: 12127021)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


2. ACCOUNTING POLICIES - continued

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 4 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 August 2023 230,962 - 387 231,349
Additions 23,750 10,400 1,432 35,582
Transfer to ownership (6,062 ) - - (6,062 )
Reclassification/transfer 6,062 - - 6,062
At 31 July 2024 254,712 10,400 1,819 266,931
Depreciation
At 1 August 2023 60,632 - 387 61,019
Charge for year 36,045 693 120 36,858
At 31 July 2024 96,677 693 507 97,877
Net book value
At 31 July 2024 158,035 9,707 1,312 169,054
At 31 July 2023 170,330 - - 170,330

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
Cost
At 1 August 2023 222,962 - 222,962
Additions 23,750 10,400 34,150
Transfer to ownership (6,062 ) - (6,062 )
At 31 July 2024 240,650 10,400 251,050
Depreciation
At 1 August 2023 57,132 - 57,132
Charge for year 34,273 693 34,966
Transfer to ownership (1,703 ) - (1,703 )
At 31 July 2024 89,702 693 90,395
Net book value
At 31 July 2024 150,948 9,707 160,655
At 31 July 2023 165,830 - 165,830

Above And Beyond Logistics Ltd (Registered number: 12127021)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Trade debtors 36,122 45,061
Other debtors 36,568 29,745
72,690 74,806

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Bank loans and overdrafts 6,010 6,035
Hire purchase contracts 49,006 47,053
Taxation and social security 15,549 12,322
Other creditors 2,141 1,296
72,706 66,706

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/7/24 31/7/23
£    £   
Bank loans 5,000 11,000
Hire purchase contracts 85,520 106,848
90,520 117,848