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REGISTERED NUMBER: 09394473 (England and Wales)















LOGILLISTICS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024






LOGILLISTICS LIMITED (REGISTERED NUMBER: 09394473)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 8

LOGILLISTICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: S S Gill





REGISTERED OFFICE: Sheringhs House
Park House Lane
SHEFFIELD
South Yorkshire
S9 1XA





REGISTERED NUMBER: 09394473 (England and Wales)





ACCOUNTANTS: FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL

LOGILLISTICS LIMITED (REGISTERED NUMBER: 09394473)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,635,709 1,627,719

CURRENT ASSETS
Debtors 5 463,945 529,244
Cash at bank 127,454 210,722
591,399 739,966
CREDITORS
Amounts falling due within one year 6 1,100,341 941,670
NET CURRENT LIABILITIES (508,942 ) (201,704 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,126,767

1,426,015

CREDITORS
Amounts falling due after more than one
year

7

659,299

864,369
NET ASSETS 467,468 561,646

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 467,368 561,546
SHAREHOLDERS' FUNDS 467,468 561,646

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

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

LOGILLISTICS LIMITED (REGISTERED NUMBER: 09394473)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 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 19 July 2024 and were signed by:





S S Gill - Director


LOGILLISTICS LIMITED (REGISTERED NUMBER: 09394473)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Logillistics 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and Machinery - 15% on reducing balance
Fixtures and Fittings - 15% on cost
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.

LOGILLISTICS LIMITED (REGISTERED NUMBER: 09394473)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and
property Machinery Fittings
£    £    £   
COST
At 1 February 2023 - 42,812 6,376
Additions 21,498 12,825 -
Disposals - - -
At 31 January 2024 21,498 55,637 6,376
DEPRECIATION
At 1 February 2023 - 16,446 5,124
Charge for year - 4,615 693
Eliminated on disposal - - -
At 31 January 2024 - 21,061 5,817
NET BOOK VALUE
At 31 January 2024 21,498 34,576 559
At 31 January 2023 - 26,366 1,252

Motor Computer
Vehicles Equipment Totals
£    £    £   
COST
At 1 February 2023 2,434,987 28,900 2,513,075
Additions 318,523 - 352,846
Disposals (116,750 ) - (116,750 )
At 31 January 2024 2,636,760 28,900 2,749,171
DEPRECIATION
At 1 February 2023 849,238 14,548 885,356
Charge for year 251,334 9,570 266,212
Eliminated on disposal (38,106 ) - (38,106 )
At 31 January 2024 1,062,466 24,118 1,113,462
NET BOOK VALUE
At 31 January 2024 1,574,294 4,782 1,635,709
At 31 January 2023 1,585,749 14,352 1,627,719

LOGILLISTICS LIMITED (REGISTERED NUMBER: 09394473)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
Vehicles
£   
COST
At 1 February 2023 1,614,902
Additions 209,447
Disposals (53,500 )
Transfer to ownership (255,932 )
At 31 January 2024 1,514,917
DEPRECIATION
At 1 February 2023 338,294
Charge for year 184,984
Eliminated on disposal (18,546 )
Transfer to ownership (204,906 )
At 31 January 2024 299,826
NET BOOK VALUE
At 31 January 2024 1,215,091
At 31 January 2023 1,276,608

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 293,002 377,554
Other debtors 170,943 151,690
463,945 529,244

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 253,007 266,010
Trade creditors 240,004 233,859
Taxation and social security 59,535 4,130
Other creditors 547,795 437,671
1,100,341 941,670

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 659,299 864,369

LOGILLISTICS LIMITED (REGISTERED NUMBER: 09394473)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

During the year the company was loaned £NIL (2023: £NIL) from R Buddy Ltd, a company of controlled by the shareholder(s) of Logillistics. At the year end £65,00 (2023: £65,000) remained outstanding.

10. INTERCOMPANY LOAN

Within other debtors there is a loan with Balor Limited, a company controlled by the shareholder(s). During the year £892 (2023: £734) was paid to Balor Ltd. At the year end £158 (2023: £734) remained outstanding.

Within other creditors there is a loan with Kinsley Lodge, a company of financial interest to the shareholder(s). During the year £NIL (2023: £NIL) was repaid to Kinsley Lodge. At the year end £40,000 (2023: £40,000) remained outstanding.

Within other creditors there is a loan with Castleford Lodge, a company of financial interest to the shareholder(s). During the year £NIL (2023: £NIL) was repaid to Castleford Lodge. At the year end £50,000 (2023: £50,000) remained outstanding.

Within other creditors there is a loan with Gill Property, a company of financial interest to the shareholder(s). During the year £55,400 (2023: £NIL) was repaid to Gill Property. At the year end £55,400 (2023: £NIL) remained outstanding.

LOGILLISTICS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
LOGILLISTICS LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 January 2024 set out on pages two to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL


19 July 2024