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REGISTERED NUMBER: 07048562 (England and Wales)











ROBINSONS AUTOLOGISTICS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






ROBINSONS AUTOLOGISTICS LIMITED (REGISTERED NUMBER: 07048562)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


ROBINSONS AUTOLOGISTICS LIMITED (REGISTERED NUMBER: 07048562)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,262,656 3,749,395

CURRENT ASSETS
Debtors 5 1,658,150 1,387,418
Prepayments and accrued income 286,052 347,892
Cash at bank and in hand 353 10,335
1,944,555 1,745,645
CREDITORS
Amounts falling due within one year 6 2,482,361 2,449,610
NET CURRENT LIABILITIES (537,806 ) (703,965 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,724,850

3,045,430

CREDITORS
Amounts falling due after more than one
year

7

(1,832,593

)

(1,432,915

)

PROVISIONS FOR LIABILITIES (396,545 ) (56,184 )

ACCRUALS AND DEFERRED INCOME (99,686 ) (118,216 )
NET ASSETS 2,396,026 1,438,115

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 283,055 2,743
Retained earnings 2,112,871 1,435,272
SHAREHOLDERS' FUNDS 2,396,026 1,438,115

ROBINSONS AUTOLOGISTICS LIMITED (REGISTERED NUMBER: 07048562)

BALANCE SHEET - continued
30 SEPTEMBER 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 and authorised for issue by the director and authorised for issue on 19 February 2025 and were signed by:





Mrs L Robinson - Director


ROBINSONS AUTOLOGISTICS LIMITED (REGISTERED NUMBER: 07048562)

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


1. STATUTORY INFORMATION

Robinsons Autologistics Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07048562

Registered office: 3 Earlstrees Road
Earlstrees Industrial Estate
Corby
Northamptonshire
NN17 4AZ

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 as modified by the revaluation of certain assets.

Changes in accounting policies
The company has undertaken a review of the entity's pattern of consumption of the heavy haulage assets used in its haulage business and concludes that the depreciation rate is too accelerated and so from 1 October 2023 is changing from a 15% reducing balance method of depreciation to a 10% reducing balance method of depreciation. The company has also adopted a revaluation model for heavy haulage assets with the assets being revalued at the 30 September 2024.

Turnover
Turnover represents amounts (excluding value added tax) derived from the provision of goods and services to customers during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance and over the period of the lease
Heavy haulage vehicles - 10% on reducing balance

The directors review depreciation rates and residual values including revaluations of the heavy haulage vehicles on an annual basis.Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Debtors and creditors
Debtors receivable / creditors payable within one year are measured at transaction price (less any impairment losses on debtors for bad and doubtful debts). Loans and other financial assets / liabilities are initially measured at transaction price and subsequently measured at amortised cost determined using the effective interest method (less any impairment losses on debtors) for bad and doubtful debts.

Any losses arising from impairment are recognised in the profit and loss account.


ROBINSONS AUTOLOGISTICS LIMITED (REGISTERED NUMBER: 07048562)

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


2. ACCOUNTING POLICIES - continued
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.

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.

Going concern
The company has net current liabilities of £537,806 (2023 - £703,965), this is the result of a commitment to short term hire purchase and finance leases on heavy haulage vehicles, once settled the company will benefit from a significant positive cash flows.

The financial statements are prepared on a going concern basis as the directors have a reasonable expectation that the group has adequate resources for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 51 (2023 - 42 ) .

ROBINSONS AUTOLOGISTICS LIMITED (REGISTERED NUMBER: 07048562)

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


4. TANGIBLE FIXED ASSETS
Fixtures Heavy
Plant and and Motor haulage
machinery fittings vehicles vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 October 2023 247,774 29,120 42,728 4,910,284 5,229,906
Additions 147,623 309 200,511 1,767,160 2,115,603
Disposals - - (21,207 ) (176,879 ) (198,086 )
Revaluations - - - (496,931 ) (496,931 )
Reclassification/transfer - - 970,541 (970,541 ) -
At 30 September 2024 395,397 29,429 1,192,573 5,033,093 6,650,492
DEPRECIATION
At 1 October 2023 78,062 20,666 21,498 1,360,285 1,480,511
Charge for year 52,760 1,752 219,085 459,262 732,859
Eliminated on disposal - - (630 ) (138,777 ) (139,407 )
Revaluation adjustments - - - (686,127 ) (686,127 )
Reclassification/transfer - - 210,550 (210,550 ) -
At 30 September 2024 130,822 22,418 450,503 784,093 1,387,836
NET BOOK VALUE
At 30 September 2024 264,575 7,011 742,070 4,249,000 5,262,656
At 30 September 2023 169,712 8,454 21,230 3,549,999 3,749,395

Cost or valuation at 30 September 2024 is represented by:

Fixtures Heavy
Plant and and Motor haulage
machinery fittings vehicles vehicles Totals
£    £    £    £    £   
Valuation in 2017 - - - 135,283 135,283
Valuation in 2018 - - - 33,000 33,000
Valuation in 2024 - - - (496,931 ) (496,931 )
Cost 395,397 29,429 1,192,573 5,361,741 6,979,140
395,397 29,429 1,192,573 5,033,093 6,650,492

Heavy haulage vehicles were valued on an open market basis on 30 September 2024 by an independent valuer, Transporter Engineering Limited, and by Mr B Robinson.

ROBINSONS AUTOLOGISTICS LIMITED (REGISTERED NUMBER: 07048562)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 1,262,112 1,010,010
Amounts owed by group undertakings 367,520 359,683
Other debtors 28,518 17,725
1,658,150 1,387,418

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts 11,070 17,319
Hire purchase contracts and finance leases 1,055,796 905,015
Trade creditors 427,653 346,427
Amounts owed to group undertakings - 350,000
Social security and other taxes 67,511 54,970
VAT 312,124 198,537
Other creditors 18,240 19,329
Factoring advances 588,661 557,552
Directors' current accounts 1,306 461
2,482,361 2,449,610

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
as restated
£    £   
Bank loans - 1-2 years 6,662 16,662
Hire purchase contracts and finance leases 1,825,931 1,416,253
1,832,593 1,432,915

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
as restated
£    £   
Hire purchase contracts and finance leases 2,881,727 2,321,268
Factoring advances 588,661 557,552
3,470,388 2,878,820

Hire purchase contracts and finance leases are secured against the assets to which they relate. Factoring advances are secured against all of the assets of the company by the way of a fixed and floating charge.

ROBINSONS AUTOLOGISTICS LIMITED (REGISTERED NUMBER: 07048562)

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


9. CALLED UP SHARE CAPITAL

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

10. RESERVES
Revaluation
reserve
£   
At 1 October 2023 2,743
Revaluation in year 320,923
Deferred tax (38,583 )
Disposal (1,871 )
Depreciation (157 )

At 30 September 2024 283,055

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kim Leslie Parry FCCA (Senior Statutory Auditor)
for and on behalf of CFW Accountants LLP

12. OTHER FINANCIAL COMMITMENTS

Not included in the balance sheet are financial commitments, in the form of operating leases, amounting to £209,316 (2023 - £376,053).

13. RELATED PARTY DISCLOSURES

During the year advances of £16,000 (2023 - £nil) were made to key management personnel of the group and at balance sheet date £15,733 (2023 - £nil) was owed by key management personnel of the group.

14. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Robinsons Logistics Group Ltd.

The ultimate parent company is Robinsons Logistics Group Ltd. The ultimate parent company's registered office is 3 Earlstrees Road, Earlstrees Industrial Estate, Corby, Northamptonshire, England, NN17 4AZ.

The ultimate controlling party is Mr B Robinson.