REGISTERED NUMBER: |
ROBINSONS WAREHOUSE & DISTRIBUTION |
SERVICES LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
REGISTERED NUMBER: |
ROBINSONS WAREHOUSE & DISTRIBUTION |
SERVICES LIMITED |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
ROBINSONS WAREHOUSE & DISTRIBUTION |
SERVICES LIMITED (REGISTERED NUMBER: 09828624) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
ROBINSONS WAREHOUSE & DISTRIBUTION |
SERVICES LIMITED (REGISTERED NUMBER: 09828624) |
BALANCE SHEET |
30 SEPTEMBER 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Prepayments and accrued income |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
ACCRUALS AND DEFERRED INCOME | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Revaluation reserve | 10 |
Retained earnings |
SHAREHOLDERS' FUNDS |
ROBINSONS WAREHOUSE & DISTRIBUTION |
SERVICES LIMITED (REGISTERED NUMBER: 09828624) |
BALANCE SHEET - continued |
30 SEPTEMBER 2024 |
The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on |
ROBINSONS WAREHOUSE & DISTRIBUTION |
SERVICES LIMITED (REGISTERED NUMBER: 09828624) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
1. | STATUTORY INFORMATION |
Robinsons Warehouse & Distribution Services Limited is a |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Changes in accounting policies |
The company has undertaken a review of the entity's pattern of consumption of the fixed assets used within the business. From 1 October 2023 the methods of depreciation have changed as follows: |
Asset | Old rate | New rate |
Leasehold property costs | Over period of lease | 10% SL |
Plant and machinery | 10% SL | 25% RB |
Fixtures and fittings | 10% SL | 20% SL and 20% RB |
Motor vehicles | 25% SL | 25% RB |
Heavy haulage vehicles | 25% SL | 25% RB |
SL refers to on cost and RB refers to reducing balance. |
The company has also adopted a revaluation model for heavy haulage assets with 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 |
Leasehold property costs | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Heavy haulage vehicles | - |
The directors review depreciation rates and residual values including revaluations of the heavy haulage 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. |
ROBINSONS WAREHOUSE & DISTRIBUTION |
SERVICES LIMITED (REGISTERED NUMBER: 09828624) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
2. | ACCOUNTING POLICIES - continued |
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. |
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 £288,403 (2023 - £167,004). This is the result of group loans payable of £293,156 (2023 - £145,986). The company is dependent on these group loans to fund its working capital. Assurances have been given that group support will continue for the foreseeable future. |
The financial statements have been 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 |
ROBINSONS WAREHOUSE & DISTRIBUTION |
SERVICES LIMITED (REGISTERED NUMBER: 09828624) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
4. | TANGIBLE FIXED ASSETS |
Leasehold | Fixtures |
property | Plant and | and |
costs | machinery | fittings |
£ | £ | £ |
COST OR VALUATION |
At 1 October 2023 |
Additions |
Disposals |
Revaluations |
Reclassification/transfer |
At 30 September 2024 |
DEPRECIATION |
At 1 October 2023 |
Charge for year |
Eliminated on disposal |
Revaluation adjustments |
Reclassification/transfer |
At 30 September 2024 |
NET BOOK VALUE |
At 30 September 2024 |
At 30 September 2023 |
ROBINSONS WAREHOUSE & DISTRIBUTION |
SERVICES LIMITED (REGISTERED NUMBER: 09828624) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
4. | TANGIBLE FIXED ASSETS - continued |
Heavy |
Motor | haulage |
vehicles | vehicles | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1 October 2023 |
Additions |
Disposals | ( |
) | ( |
) |
Revaluations | ( |
) | ( |
) |
Reclassification/transfer | ( |
) |
At 30 September 2024 |
DEPRECIATION |
At 1 October 2023 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
Revaluation adjustments | ( |
) | ( |
) |
Reclassification/transfer | ( |
) |
At 30 September 2024 |
NET BOOK VALUE |
At 30 September 2024 |
At 30 September 2023 |
Cost or valuation at 30 September 2024 is represented by: |
Leasehold | Fixtures |
property | Plant and | and |
costs | machinery | fittings |
£ | £ | £ |
Cost | 13,630 | 66,154 | 11,925 |
13,630 | 66,154 | 11,925 |
Heavy |
Motor | haulage |
vehicles | vehicles | Totals |
£ | £ | £ |
Valuation in 2024 | - | (295,883 | ) | (295,883 | ) |
Cost | 180,105 | 610,133 | 881,947 |
180,105 | 314,250 | 586,064 |
Heavy haulage vehicles were valued on an open market basis on 30 September 2024 by Mr B Robinson. |
ROBINSONS WAREHOUSE & DISTRIBUTION |
SERVICES LIMITED (REGISTERED NUMBER: 09828624) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Hire purchase contracts and finance leases |
Trade creditors |
Amounts owed to group undertakings |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Hire purchase contracts and finance leases |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
2024 | 2023 |
£ | £ |
Hire purchase contracts and finance leases | 185,532 | 311,576 |
Factoring advances | 63,348 | 59,826 |
Hire purchase contracts and finance leases are secured against the assets to which they relate. Factoring advances are included within other creditors on the balance sheet and are secured against all of the assets of the company by the way of a fixed and floating charge. |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
ROBINSONS WAREHOUSE & DISTRIBUTION |
SERVICES LIMITED (REGISTERED NUMBER: 09828624) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
10. | RESERVES |
Revaluation |
reserve |
£ |
Revaluation | 16,891 |
Deferred tax | (4,223 | ) |
At 30 September 2024 |
11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
12. | OTHER FINANCIAL COMMITMENTS |
Not included in the balance sheet are financial commitments which commenced in the year, in the form of operating leases, amounting to £nil (2023 - £13,347). |
13. | ULTIMATE CONTROLLING PARTY |
The company is a wholly owned subsidiary of Robinsons Logistics Group Limited. |
The ultimate parent company is Robinsons Logistics Group Limited. 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. |