2023-10-01 NI608342 2024-09-30 NI608342 2023-10-01 2024-09-30 NI608342 2023-09-30 NI608342 2022-10-01 2023-09-30 NI608342 uk-core:WithinOneYear 2023-09-30 NI608342 uk-core:WithinOneYear 2024-09-30 NI608342 uk-core:AfterOneYear 2023-09-30 NI608342 uk-core:AfterOneYear 2024-09-30 NI608342 uk-core:ShareCapital 2024-09-30 NI608342 uk-core:ShareCapital 2023-09-30 NI608342 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 NI608342 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 NI608342 uk-bus:Director1 2023-10-01 2024-09-30 NI608342 uk-core:PlantMachinery 2023-10-01 2024-09-30 NI608342 uk-core:ComputerEquipment 2023-10-01 2024-09-30 NI608342 uk-core:MotorVehicles 2023-10-01 2024-09-30 NI608342 uk-core:FurnitureFittings 2023-10-01 2024-09-30 NI608342 uk-core:ComputerEquipment 2023-09-30 NI608342 uk-core:FurnitureFittings 2023-09-30 NI608342 uk-core:MotorVehicles 2023-09-30 NI608342 uk-core:PlantMachinery 2023-09-30 NI608342 uk-core:MotorVehicles 2024-09-30 NI608342 uk-core:FurnitureFittings 2024-09-30 NI608342 uk-core:ComputerEquipment 2024-09-30 NI608342 uk-core:PlantMachinery 2024-09-30 NI608342 uk-core:WithinOneYear 2024-09-30 NI608342 uk-core:WithinOneYear 2023-09-30 iso4217:GBP xbrli:pure NI608342 uk-bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 NI608342 uk-bus:FRS102 2023-10-01 2024-09-30 NI608342 uk-bus:FilletedAccounts 2023-10-01 2024-09-30 NI608342 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30
Down Logistics Limited
Registered Number:NI608342
For the year ended 30 September 2024
Northern Ireland
Unaudited Financial Statements
2
For the year ended 30 September 2024
Down Logistics Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
NI608342
As at 30 September 2024
Down Logistics Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
187,264
236,476
2
3
552,050
552,050
Investment property
739,314
788,526
Current assets
Trade and other receivables
912,842
966,376
4
932,921
Cash and cash equivalents
1,156,427
2,122,803
1,845,763
Trade and other payables: amounts falling due within one
year
(384,440)
(415,286)
5
1,461,323
1,707,517
Net current assets
Total assets less current liabilities
2,446,831
2,249,849
Trade and other payables: amounts falling due after more
than one year
(5,427)
-
6
(37,413)
(49,788)
Provisions for liabilities
2,409,418
Net assets
2,194,634
Capital and reserves
Called up share capital
239
239
Retained earnings
2,409,179
2,194,395
2,409,418
2,194,634
Shareholders' funds
For the year ended 30 September 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Thomas Cunningham Director
These financial statements were approved and authorised for issue by the Board on 22 January 2024 and were signed by:
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4
Registered Number :
NI608342
For the year ended 30 September 2024
Down Logistics Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 30 September 2024
Down Logistics Limited
Notes to the Financial Statements
Statutory Information
Down Logistics Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration
number NI608342.
Registered address:
Unit 19A Maryland Industrial Estate
286 Ballygowan Road
Belfast
BT23 6BL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Plant and Machinery
25% Reducing balance
15% Reducing balance
Computer Equipment
25% Reducing balance
Motor Vehicles
15% Reducing balance
Furniture and Fittings
Deferred tax
Deferred taxationTax deferred or accelerated is accounted for in respect of all material timing differences to the extent that it is probable that a liability or asset will crystallise.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
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6
For the year ended 30 September 2024
Down Logistics Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Furniture and
Fittings
Motor
Vehicles
Plant and
Machinery
£
£
£
£
£
Cost or
valuation
At 01 October 2023
547,611
20,554
39,268
366,493
121,296
9,644
-
-
8,500
1,144
Additions
At 30 September 2024
374,993
39,268
20,554
557,255
122,440
Provision for depreciation and impairment
At 01 October 2023
311,135
13,150
19,922
172,603
105,460
Charge for year
58,856
1,111
2,902
50,598
4,245
At 30 September 2024
369,991
14,261
22,824
223,201
109,705
At 30 September 2024
Net book value
12,735
151,792
16,444
6,293
187,264
At 30 September 2023
15,836
193,890
19,346
7,404
236,476
3. Investment property
Total
£
Fair value
At 01 October 2023
552,050
At 30 September 2024
552,050
Net book value
At 30 September 2024
552,050
At 30 September 2023
552,050
4. Trade and other receivables
2023
2024
£
£
Trade debtors
277,443
223,909
Other debtors
688,933
688,933
912,842
966,376
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7
For the year ended 30 September 2024
Down Logistics Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
25,001
25,001
Trade creditors
66,311
77,660
Taxation and social security
293,325
225,752
Other creditors
30,649
56,027
415,286
384,440
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
-
5,427
7. Average number of persons employed
During the year the average number of employees was 7 (2023 : 9)
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