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Registered number: 11473391
B N Logistics Ltd
Unaudited Financial Statements
For The Year Ended 30 April 2024
Hamilton Coopers
Chartered Accountants
66 Earl Street
Maidstone
Kent
ME14 1PS
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11473391
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 135,580 180,773
135,580 180,773
CURRENT ASSETS
Debtors 5 - 31,910
Cash at bank and in hand 1,893 14,201
1,893 46,111
Creditors: Amounts Falling Due Within One Year 6 (176,327 ) (167,784 )
NET CURRENT ASSETS (LIABILITIES) (174,434 ) (121,673 )
TOTAL ASSETS LESS CURRENT LIABILITIES (38,854 ) 59,100
Creditors: Amounts Falling Due After More Than One Year 7 (35,914 ) (79,141 )
NET LIABILITIES (74,768 ) (20,041 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (74,868 ) (20,141 )
SHAREHOLDERS' FUNDS (74,768) (20,041)
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For the year ending 30 April 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
S Singh
Director
19 February 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
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Notes to the Financial Statements
1. General Information
B N Logistics Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11473391 . The registered office is C/O Hamilton Coopers,, 11 Church Road, Bexleyheath, Kent, DA7 4DD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 8)
2 8
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 May 2023 913 313,465 5,401 319,779
As at 30 April 2024 913 313,465 5,401 319,779
Depreciation
As at 1 May 2023 399 136,215 2,392 139,006
Provided during the period 128 44,313 752 45,193
As at 30 April 2024 527 180,528 3,144 184,199
Net Book Value
As at 30 April 2024 386 132,937 2,257 135,580
As at 1 May 2023 514 177,250 3,009 180,773
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 31,910
- 31,910
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 38,846 84,864
Trade creditors 3,229 22,917
Other loans 13,237 10,918
Other taxes and social security 17,210 9,062
VAT 38,970 13,410
Net wages 1,866 -
Other creditors 797 2,590
Barclay card 12,799 10,388
Capital On Tap Card 11,805 11,848
AMEX Card 662 287
Accruals and deferred income 1,500 1,500
Directors' loan accounts 35,406 -
176,327 167,784
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7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 3,296 44,763
Bounce Back loans 32,618 34,378
35,914 79,141
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 38,846 84,864
Later than one year and not later than five years 3,296 44,763
42,142 129,627
42,142 129,627
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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