IRIS Accounts Production v24.3.2.46 05594667 director 1.11.23 31.10.24 31.10.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh055946672023-10-31055946672024-10-31055946672023-11-012024-10-31055946672022-10-31055946672022-11-012023-10-31055946672023-10-3105594667ns15:EnglandWales2023-11-012024-10-3105594667ns14:PoundSterling2023-11-012024-10-3105594667ns10:Director12023-11-012024-10-3105594667ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3105594667ns10:SmallEntities2023-11-012024-10-3105594667ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3105594667ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3105594667ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3105594667ns10:FullAccounts2023-11-012024-10-3105594667ns10:RegisteredOffice2023-11-012024-10-3105594667ns5:CurrentFinancialInstruments2024-10-3105594667ns5:CurrentFinancialInstruments2023-10-3105594667ns5:Non-currentFinancialInstruments2024-10-3105594667ns5:Non-currentFinancialInstruments2023-10-3105594667ns5:ShareCapital2024-10-3105594667ns5:ShareCapital2023-10-3105594667ns5:RetainedEarningsAccumulatedLosses2024-10-3105594667ns5:RetainedEarningsAccumulatedLosses2023-10-3105594667ns5:PlantMachinery2023-11-012024-10-3105594667ns5:FurnitureFittings2023-11-012024-10-3105594667ns5:MotorVehicles2023-11-012024-10-3105594667ns5:ComputerEquipment2023-11-012024-10-3105594667ns5:PlantMachinery2023-10-3105594667ns5:FurnitureFittings2023-10-3105594667ns5:MotorVehicles2023-10-3105594667ns5:ComputerEquipment2023-10-3105594667ns5:PlantMachinery2024-10-3105594667ns5:FurnitureFittings2024-10-3105594667ns5:MotorVehicles2024-10-3105594667ns5:ComputerEquipment2024-10-3105594667ns5:PlantMachinery2023-10-3105594667ns5:FurnitureFittings2023-10-3105594667ns5:MotorVehicles2023-10-3105594667ns5:ComputerEquipment2023-10-3105594667ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3105594667ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31055946671ns10:Director12023-10-31055946671ns10:Director12022-10-31055946671ns10:Director12023-11-012024-10-31055946671ns10:Director12022-11-012023-10-31055946671ns10:Director12024-10-31055946671ns10:Director12023-10-31
REGISTERED NUMBER: 05594667 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Inwood Logistics Limited

Inwood Logistics Limited (Registered number: 05594667)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Inwood Logistics Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: J J Scott





REGISTERED OFFICE: Inwood Business Centre
Whitton Road
Hounslow
TW3 2EB





REGISTERED NUMBER: 05594667 (England and Wales)





ACCOUNTANTS: Aivilo Digital Accountancy Ltd
49 Hurford Drive
Thatcham
Berkshire
RG19 4WA

Inwood Logistics Limited (Registered number: 05594667)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 390,153 39,026

CURRENT ASSETS
Debtors 5 473,096 467,183
Cash at bank 80,075 137,264
553,171 604,447
CREDITORS
Amounts falling due within one year 6 460,337 193,495
NET CURRENT ASSETS 92,834 410,952
TOTAL ASSETS LESS CURRENT
LIABILITIES

482,987

449,978

CREDITORS
Amounts falling due after more than
one year

7

(115,640

)

(10,056

)

PROVISIONS FOR LIABILITIES (74,162 ) (7,448 )
NET ASSETS 293,185 432,474

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 293,086 432,375
293,185 432,474

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

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

Inwood Logistics Limited (Registered number: 05594667)

Balance Sheet - continued
31 October 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 6 February 2025 and were signed by:





J J Scott - Director


Inwood Logistics Limited (Registered number: 05594667)

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

1. STATUTORY INFORMATION

Inwood 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
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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 33% on cost
Motor vehicles - 25% 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 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.

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.

Inwood Logistics Limited (Registered number: 05594667)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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 13 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 11,219 1,020 60,950 2,157 75,346
Additions 14,319 - 413,500 - 427,819
Disposals (9,000 ) - - - (9,000 )
At 31 October 2024 16,538 1,020 474,450 2,157 494,165
DEPRECIATION
At 1 November 2023 11,219 1,020 22,388 1,693 36,320
Charge for year 3,580 - 72,901 211 76,692
Eliminated on disposal (9,000 ) - - - (9,000 )
At 31 October 2024 5,799 1,020 95,289 1,904 104,012
NET BOOK VALUE
At 31 October 2024 10,739 - 379,161 253 390,153
At 31 October 2023 - - 38,562 464 39,026

The net book value of assets acquired on hire purchase during the year total £350,240.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 249,293 253,057
Prepayments and accrued income 223,803 214,126
473,096 467,183

Inwood Logistics Limited (Registered number: 05594667)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 10,307 18,112
Hire purchase contracts 147,850 -
Trade creditors 249,252 103,801
Tax (17,395 ) 17,395
Social security and other taxes 13,519 12,671
VAT 52,491 37,261
Directors' current accounts 388 330
Accruals and deferred income 3,925 3,925
460,337 193,495

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts 107,838 -
Bounce back loan 7,802 10,056
115,640 10,056

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24 31.10.23
£    £   
J J Scott
Balance outstanding at start of year (330 ) 3,052
Amounts repaid (58 ) (3,382 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (388 ) (330 )

9. RELATED PARTY DISCLOSURES

During the year the director made a loan with the company. Interest was charged on a
commercial basis. The balance due to the director at 31 October 2024 was £388 (2023: £330).