IRIS Accounts Production v24.3.2.46 08204925 director 30.9.24 1.10.23 30.9.24 30.9.24 Medium entities These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. true true false true true false false true false Ordinary 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh082049252023-09-30082049252024-09-30082049252023-10-012024-09-30082049252022-09-30082049252022-10-012023-09-30082049252023-09-3008204925ns15:EnglandWales2023-10-012024-09-3008204925ns14:PoundSterling2023-10-012024-09-3008204925ns10:Director12023-10-012024-09-3008204925ns10:Consolidated2024-09-3008204925ns10:ConsolidatedGroupCompanyAccounts2023-10-012024-09-3008204925ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3008204925ns10:Consolidatedns10:MediumEntities2023-10-012024-09-3008204925ns10:Consolidatedns10:Audited2023-10-012024-09-3008204925ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3008204925ns10:Consolidated2023-10-012024-09-3008204925ns10:Consolidatedns10:Medium-sizedCompaniesRegimeForDirectorsReport2023-10-012024-09-3008204925ns10:Consolidatedns10:Medium-sizedCompaniesRegimeForAccounts2023-10-012024-09-3008204925ns10:FullAccounts2023-10-012024-09-3008204925ns10:OrdinaryShareClass12023-10-012024-09-3008204925ns10:Consolidated2022-10-012023-09-3008204925ns5:CurrentFinancialInstruments2024-09-3008204925ns5:CurrentFinancialInstruments2023-09-3008204925ns5:ShareCapital2024-09-3008204925ns5:ShareCapital2023-09-3008204925ns5:RetainedEarningsAccumulatedLosses2024-09-3008204925ns5:RetainedEarningsAccumulatedLosses2023-09-3008204925ns5:ShareCapital2022-09-3008204925ns5:RetainedEarningsAccumulatedLosses2022-09-3008204925ns5:RetainedEarningsAccumulatedLosses2022-10-012023-09-3008204925ns5:RetainedEarningsAccumulatedLosses2023-10-012024-09-3008204925ns10:RegisteredOffice2023-10-012024-09-3008204925ns5:LeaseholdImprovements2023-10-012024-09-3008204925ns5:PlantMachinery2023-10-012024-09-3008204925ns5:FurnitureFittings2023-10-012024-09-3008204925ns5:MotorVehicles2023-10-012024-09-3008204925ns5:ComputerEquipment2023-10-012024-09-3008204925ns5:CostValuation2023-09-3008204925ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3008204925ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3008204925ns10:OrdinaryShareClass12024-09-30
REGISTERED NUMBER: 08204925 (England and Wales)











ROBINSONS LOGISTICS GROUP LIMITED

GROUP STRATEGIC REPORT, REPORT OF THE DIRECTOR AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






ROBINSONS LOGISTICS GROUP LIMITED (REGISTERED NUMBER: 08204925)

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










Page

Group Strategic Report 1

Report of the Director 3

Report of the Independent Auditors 5

Consolidated Income Statement 9

Consolidated Other Comprehensive Income 10

Consolidated Balance Sheet 11

Company Balance Sheet 12

Consolidated Statement of Changes in Equity 13

Company Statement of Changes in Equity 14

Consolidated Cash Flow Statement 15

Notes to the Consolidated Cash Flow Statement 16

Notes to the Consolidated Financial Statements 18


ROBINSONS LOGISTICS GROUP LIMITED (REGISTERED NUMBER: 08204925)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024


The director presents her strategic report of the company and the group for the year ended 30 September 2024.

REVIEW OF BUSINESS
Introduction
Robinsons Logistics Group Ltd (the group) is a family business which offers a full vehicle refurbishment and Pre Delivery Inspection (PDI) service solution with its bodyshop facility for manufacturers, rental and fleet companies in the UK.
The groups head office is in Corby, Northants and also offers a full vehicle logistics transportation service with car enclosed transporters, 11 plus car transporters and a general haulage division covering the UK and Europe.

Business environment
Each year has bought new challenges and with the recent budget, we will see an increase in our cost base in 2025/26 the directors and senior management team are confident that the business will adapt the business to face the future.

Business model
The business operates a modern fleet of 60 vehicle transporters to undertake the collection and delivery of vehicles all over the UK, with a covered in fleet to operate in both the UK and Europe.
Fleet Solutions provides a full bodyshop vehicle refurbishment and PDI service solution for OEM's and fleet customers.
The general haulage division offers the distribution of moving anything from a single pallet to a full 28 tonne load across the UK.
Each operation is monitored using a series of KPI's to record the daily, weekly, and monthly performance to meet customer's expectations.

PRINCIPAL RISKS AND UNCERTAINTIES
Risk management
The control and management of risk is addressed through polices and procedures and internal controls.

Customer risk
The group generates regular KPI's for its key clients and ensures that regular meetings are held with clients to ensure that all their expectations are met and should any of the clients needs change that, we can adapt our service(s) to meet their requirements.

Credit risk
The group operates a clear procedure for assessing each customer's risk and allocating credit limits and then managing those limits. The amounts presented in the balance sheet for trade debtors are net of doubtful debts. The group has no significant concentration of debtors.

Cash flow risk
The directors have continued to reinvest a significant amount of cash into the business, thereby continually increasing the net worth of the business and reducing the level of debt. The directors believe that the level of investment is a must to keep a modern business within their sector(s) involving a high level of capital expenditure.

Heath and safety
The directors also have a comprehensive program of risk assessment and safe working practices in place and a program of training to minimise the risk in the workplace.


ROBINSONS LOGISTICS GROUP LIMITED (REGISTERED NUMBER: 08204925)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

FINANCIAL KEY PERFORMANCE INDICATORS
The year to 30 September 2024 was yet another uncertain year in the automotive industry, with the sector trying to promote the use of electric vehicles. Robinsons still managed to secure additional OEM business and new fleet and OEM contracts.

The directors consider the following Key Performance Indicators when assessing the performance of the group:

Turnover
Turnover for the year increased by 25.13% to £11.2m (2023 - £8.9m)

Gross Profit Margin
Gross profit margin for the year was 21.43% (2023 - 24.45%)

Profit Before Tax
Profit before tax was £0.95m (2023 - £1.1m)

The directors are pleased to report that the group continued to develop its business with good customer retention along with the development of new business.

ON BEHALF OF THE BOARD:





Mrs L Robinson - Director


19 February 2025

ROBINSONS LOGISTICS GROUP LIMITED (REGISTERED NUMBER: 08204925)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 30 SEPTEMBER 2024


The director presents her report with the financial statements of the company and the group for the year ended 30 September 2024.

PRINCIPAL ACTIVITIES
The principal activities of the group in the year under review were those of vehicle transportation, warehousing and vehicle accident repairs.

DIVIDENDS
Interim dividends were paid during the year. The director recommends that no final dividend be paid.

The total distribution of dividends for the year ended 30 September 2024 will be £82,500.

FUTURE DEVELOPMENTS
There are no planned changes in the groups activities.

DIRECTOR
Mrs L Robinson held office during the whole of the period from 1 October 2023 to the date of this report.

POST BALANCE SHEET EVENTS
There have been no significant events affecting the group since the balance sheet date.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless she is satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable her to ensure that the financial statements comply with the Companies Act 2006. She is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and she has taken all the steps that she ought to have taken as a director in order to make herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

ROBINSONS LOGISTICS GROUP LIMITED (REGISTERED NUMBER: 08204925)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 30 SEPTEMBER 2024


AUDITORS
The auditors, CFW Accountants LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mrs L Robinson - Director


19 February 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ROBINSONS LOGISTICS GROUP LIMITED


Opinion
We have audited the financial statements of Robinsons Logistics Group Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 September 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 30 September 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ROBINSONS LOGISTICS GROUP LIMITED


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.
In the previous accounting period the directors of the company took advantage of audit exemption under s. 477 of the Companies Act 2006. Therefore the prior period financial statements were not subject to audit.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page three, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ROBINSONS LOGISTICS GROUP LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we consider the following:

- the nature of the industry and sector, control environment and business performance;
- results of our enquiries of management and those charged with governance about their own identification and assessment of the risks of irregularities;
- any matters we identified having obtained and reviewed the Group's documentation of their policies and procedures relating to:
- identifying, evaluating and complying with laws and regulations and whether they were aware of any
instances of non-compliance;
- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected
or alleged fraud;
- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;
- the matters discussed among the audit engagement team and involving other members of staff requiring consultation regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.

We also obtained an understanding of the legal and regulatory frameworks that the group operates in, focusing on provisions of those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the Companies Act 2006, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (UK GAAP), pensions legislation and tax legislation.

In addition, we considered the provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the group's ability to operate or to avoid a material penalty.

Audit response to risks identified

As a result of performing the above, our procedures to respond to risks identified included the following:

- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
- enquiring of management and those charged with governance concerning actual and potential litigation and claims;
- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; and

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ROBINSONS LOGISTICS GROUP LIMITED

- in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicate relevant identified laws and regulations and potential fraud risks to all engagement team members, including other members of staff consulted, and remain alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Mrs Kim Leslie Parry FCCA (Senior Statutory Auditor)
for and on behalf of CFW Accountants LLP
Chartered Accountants
& Statutory Auditors
3 Weekley Wood Close
Kettering
Northamptonshire
NN14 1UQ

20 February 2025

ROBINSONS LOGISTICS GROUP LIMITED (REGISTERED NUMBER: 08204925)

CONSOLIDATED
INCOME STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Notes £    £   

TURNOVER 3 11,168,690 8,924,984

Cost of sales (8,775,607 ) (6,743,124 )
GROSS PROFIT 2,393,083 2,181,860

Administrative expenses (1,288,441 ) (987,264 )
1,104,642 1,194,596

Other operating income - 9,645
OPERATING PROFIT 5 1,104,642 1,204,241

Interest receivable and similar income 915 378
1,105,557 1,204,619

Interest payable and similar expenses 6 (156,251 ) (58,365 )
PROFIT BEFORE TAXATION 949,306 1,146,254

Tax on profit 7 (301,778 ) (56,184 )
PROFIT FOR THE FINANCIAL YEAR 647,528 1,090,070
Profit attributable to:
Owners of the parent 647,528 1,090,070

ROBINSONS LOGISTICS GROUP LIMITED (REGISTERED NUMBER: 08204925)

CONSOLIDATED
OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 647,528 1,090,070


OTHER COMPREHENSIVE INCOME
Revaluation in year 337,813 -
Income tax relating to other comprehensive
income

(42,805

)

-
OTHER COMPREHENSIVE INCOME
FOR THE YEAR, NET OF INCOME TAX

295,008

-
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

942,536

1,090,070

Total comprehensive income attributable to:
Owners of the parent 942,536 1,090,070

ROBINSONS LOGISTICS GROUP LIMITED (REGISTERED NUMBER: 08204925)

CONSOLIDATED BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 10 5,762,008 4,315,426
Investments 11 - -
5,762,008 4,315,426

CURRENT ASSETS
Debtors 12 2,013,152 1,734,908
Cash at bank and in hand 444,237 319,018
2,457,389 2,053,926
CREDITORS
Amounts falling due within one year 13 3,088,308 2,749,350
NET CURRENT LIABILITIES (630,919 ) (695,424 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,131,089

3,620,002

CREDITORS
Amounts falling due after more than one
year

14

(1,922,366

)

(1,615,899

)

PROVISIONS FOR LIABILITIES 18 (400,768 ) (56,184 )
NET ASSETS 2,807,955 1,947,919

CAPITAL AND RESERVES
Called up share capital 19 301 301
Revaluation reserve 20 295,723 2,743
Retained earnings 20 2,511,931 1,944,875
SHAREHOLDERS' FUNDS 2,807,955 1,947,919

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 LOGISTICS GROUP LIMITED (REGISTERED NUMBER: 08204925)

COMPANY BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 10 - -
Investments 11 301 301
301 301

CURRENT ASSETS
Debtors 12 671,519 350,000
Cash at bank 46,001 -
717,520 350,000
CREDITORS
Amounts falling due within one year 13 367,520 -
NET CURRENT ASSETS 350,000 350,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

350,301

350,301

CAPITAL AND RESERVES
Called up share capital 19 301 301
Retained earnings 350,000 350,000
SHAREHOLDERS' FUNDS 350,301 350,301

Company's profit for the financial year 82,500 437,800

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 LOGISTICS GROUP LIMITED (REGISTERED NUMBER: 08204925)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Called up
share Retained Revaluation Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 October 2022 301 942,121 3,227 945,649

Changes in equity
Total comprehensive income - 1,090,554 (484 ) 1,090,070
Dividends - (87,800 ) - (87,800 )
Balance at 30 September 2023 301 1,944,875 2,743 1,947,919

Changes in equity
Total comprehensive income - 649,556 292,980 942,536
Dividends - (82,500 ) - (82,500 )
Balance at 30 September 2024 301 2,511,931 295,723 2,807,955

ROBINSONS LOGISTICS GROUP LIMITED (REGISTERED NUMBER: 08204925)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 October 2022 301 - 301

Changes in equity
Total comprehensive income - 437,800 437,800
Dividends - (87,800 ) (87,800 )
Balance at 30 September 2023 301 350,000 350,301

Changes in equity
Total comprehensive income - 82,500 82,500
Dividends - (82,500 ) (82,500 )
Balance at 30 September 2024 301 350,000 350,301

ROBINSONS LOGISTICS GROUP LIMITED (REGISTERED NUMBER: 08204925)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 2,085,013 1,669,466
Interest paid (553 ) (803 )
Interest element of hire purchase and finance
lease rental payments paid

(155,698

)

(57,562

)
Net cash from operating activities 1,928,762 1,611,101

Cash flows from investing activities
Purchase of tangible fixed assets (2,218,385 ) (1,982,316 )
Sale of tangible fixed assets 81,211 81,747
Interest received 915 378
Net cash from investing activities (2,136,259 ) (1,900,191 )

Cash flows from financing activities
Finance advances/(repayments) in year 424,415 695,720
Amount introduced by directors 845 -
Amount withdrawn by directors - (1,106 )
Equity dividends paid (82,500 ) (87,800 )
Net cash from financing activities 342,760 606,814

Increase in cash and cash equivalents 135,263 317,724
Cash and cash equivalents at beginning of
year

2

307,904

(9,820

)

Cash and cash equivalents at end of year 2 443,167 307,904

ROBINSONS LOGISTICS GROUP LIMITED (REGISTERED NUMBER: 08204925)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

2024 2023
£    £   
Profit before taxation 949,306 1,146,254
Depreciation charges 879,541 712,015
Profit on disposal of fixed assets (6,054 ) (2,315 )
Loss on revaluation of fixed assets 154,918 -
Finance costs 156,251 58,365
Finance income (915 ) (378 )
2,133,047 1,913,941
Increase in trade and other debtors (278,244 ) (413,429 )
Increase in trade and other creditors 230,210 168,954
Cash generated from operations 2,085,013 1,669,466

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 September 2024
30.9.24 1.10.23
£    £   
Cash and cash equivalents 444,237 319,018
Bank overdrafts (1,070 ) (11,114 )
443,167 307,904
Year ended 30 September 2023
30.9.23 1.10.22
£    £   
Cash and cash equivalents 319,018 1,151
Bank overdrafts (11,114 ) (10,971 )
307,904 (9,820 )


ROBINSONS LOGISTICS GROUP LIMITED (REGISTERED NUMBER: 08204925)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024


3. ANALYSIS OF CHANGES IN NET DEBT

At 1.10.23 Cash flow At 30.9.24
£    £    £   
Net cash
Cash at bank and in hand 319,018 125,219 444,237
Bank overdrafts (11,114 ) 10,044 (1,070 )
307,904 135,263 443,167
Debt
Hire purchase and finance leases (2,632,843 ) (434,414 ) (3,067,257 )
Debts falling due within 1 year (10,000 ) - (10,000 )
Debts falling due after 1 year (16,662 ) 10,000 (6,662 )
(2,659,505 ) (424,414 ) (3,083,919 )
Total (2,351,601 ) (289,151 ) (2,640,752 )

ROBINSONS LOGISTICS GROUP LIMITED (REGISTERED NUMBER: 08204925)

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


1. STATUTORY INFORMATION

Robinsons Logistics Group 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: 08204925

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Basis of consolidation
The consolidated financial statements present the results of the company and its subsidiaries ("the group") as they formed a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full. Last year the company took advantage of the exemption not to prepare consolidated financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements
The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Depreciation
Depreciation is provided to to write off the cost or valuation of assets less their residual value over estimated useful lives at rates detailed below. The provision for depreciation for the group at the beginning and end of the year, together with the charge for the year are shown in Note 10.

ROBINSONS LOGISTICS GROUP LIMITED (REGISTERED NUMBER: 08204925)

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


2. ACCOUNTING POLICIES - continued

Changes in accounting policies
During the year to 30 September 2024, the group changed the method of depreciating its heavy haulage vehicles used in the auto logistics business from 15% reducing balance basis to 10% reducing balance basis as this revised method better reflects the entity’s consumption of the heavy haulage vehicles over their useful lives. The group also changed the method of depreciating its fixed assets used in the warehouse business to reflect the entity's consumption of these assets over their useful lives.

These changes in depreciation method are a change in accounting estimate and are accounted for in the period of the change (i.e. in the current year) and in subsequent periods.

The group has also adopted a revaluation model for heavy haulage vehicles, theses assets were revalued at 30 September 2024.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

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.
Leasehold property - 10% on cost and 5% on cost
Plant and machinery - 25% on reducing balance and 10% on cost
Fixtures and fittings - 25% on cost, 20% on reducing balance and 20% on cost
Motor vehicles - 25% on reducing balance and over the period of the lease
Heavy haulage vehicles - 25% on reducing balance and 10% on reducing balance

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

ROBINSONS LOGISTICS GROUP LIMITED (REGISTERED NUMBER: 08204925)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the group. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Consolidated Statement of Comprehensive Income so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

ROBINSONS LOGISTICS GROUP LIMITED (REGISTERED NUMBER: 08204925)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provision of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, where there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and sell the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risk and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities
Basic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially as transactions price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

ROBINSONS LOGISTICS GROUP LIMITED (REGISTERED NUMBER: 08204925)

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


2. ACCOUNTING POLICIES - continued

Going concern
The group has net current liabilities of £630,919 (2023 - £695,424), this is the result of a commitment to short term hire purchase and finance leases on heavy haulage vehicles, once settled the group 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. TURNOVER

The turnover and profit before taxation are attributable to the principal activities of the group.

An analysis of turnover by class of business is given below:

2024 2023
£    £   
Logistics 8,103,764 6,167,123
Vehicle repairs 2,231,287 1,566,465
Warehousing 833,639 1,191,396
11,168,690 8,924,984

4. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 3,174,887 2,436,841
Social security costs 321,156 243,615
Other pension costs 65,452 50,066
3,561,495 2,730,522

The average number of employees during the year was as follows:
2024 2023

Directors 3 3
Administration 5 4
Logistics and warehouse 43 35
Vehicle repairs 18 15
69 57

2024 2023
£    £   
Director's remuneration 123,926 106,751
Director's pension contributions to money purchase schemes 2,622 2,300

ROBINSONS LOGISTICS GROUP LIMITED (REGISTERED NUMBER: 08204925)

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


4. EMPLOYEES AND DIRECTORS - continued

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 3 3

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£ £
Depreciation of owned tangible fixed assets 225,104 222,554
Depreciation of tangible assets held under hire purchase and finance leases 654,437 489,461
Profit on disposal of tangible fixed assets (6,054 ) (2,315 )
Impairment of tangible fixed assets 154,918 -
Operating lease charges 373,910 350,933
Auditors' remuneration 30,000 -

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank loan interest 553 803
Hire purchase interest 133,731 43,745
Finance lease interest 21,967 13,817
156,251 58,365

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Deferred tax 301,778 56,184
Tax on profit 301,778 56,184

UK corporation tax has been charged at 25 % .

ROBINSONS LOGISTICS GROUP LIMITED (REGISTERED NUMBER: 08204925)

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


7. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 949,306 1,146,254
Profit multiplied by the standard rate of corporation tax in the UK of 25 %
(2023 - 25 %)

237,327

286,564

Effects of:
Expenses not deductible for tax purposes 42,751 775
Depreciation in excess of capital allowances 466,004 183,722
Utilisation of tax losses (216,339 ) (262,658 )
Adjustments to tax charge in respect of previous periods 119,565 132,302
Other timing adjustments (309,276 ) (284,521 )
Revaluation reserve movement (38,583 ) -
Chargeable gain 329 -
Total tax charge 301,778 56,184

Tax effects relating to effects of other comprehensive income

2024
Gross Tax Net
£    £    £   
Revaluation in year 337,813 (42,805 ) 295,008

8. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


9. DIVIDENDS
2024 2023
£    £   
Ordinary shares of £1 each
Interim 82,500 87,800

ROBINSONS LOGISTICS GROUP LIMITED (REGISTERED NUMBER: 08204925)

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


10. TANGIBLE FIXED ASSETS

Group
Fixtures
Leasehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 October 2023 37,340 338,665 41,789
Additions - 188,408 751
Disposals - - (1,186 )
Revaluations - - -
Reclassification/transfer (23,710 ) 23,710 -
At 30 September 2024 13,630 550,783 41,354
DEPRECIATION
At 1 October 2023 8,717 112,981 28,260
Charge for year 1,363 74,043 2,716
Eliminated on disposal - - (278 )
Revaluation adjustments - - -
Reclassification/transfer (553 ) 553 -
At 30 September 2024 9,527 187,577 30,698
NET BOOK VALUE
At 30 September 2024 4,103 363,206 10,656
At 30 September 2023 28,623 225,684 13,529

ROBINSONS LOGISTICS GROUP LIMITED (REGISTERED NUMBER: 08204925)

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


10. TANGIBLE FIXED ASSETS - continued

Group

Heavy
Motor haulage
vehicles vehicles Totals
£    £    £   
COST OR VALUATION
At 1 October 2023 788,711 4,910,284 6,116,789
Additions 262,066 1,767,160 2,218,385
Disposals (38,507 ) (176,879 ) (216,572 )
Revaluations - (792,815 ) (792,815 )
Reclassification/transfer 360,407 (360,407 ) -
At 30 September 2024 1,372,677 5,347,343 7,325,787
DEPRECIATION
At 1 October 2023 291,120 1,360,285 1,801,363
Charge for year 240,395 561,024 879,541
Eliminated on disposal (2,360 ) (138,777 ) (141,415 )
Revaluation adjustments - (975,710 ) (975,710 )
Reclassification/transfer 22,729 (22,729 ) -
At 30 September 2024 551,884 784,093 1,563,779
NET BOOK VALUE
At 30 September 2024 820,793 4,563,250 5,762,008
At 30 September 2023 497,591 3,549,999 4,315,426

Cost or valuation at 30 September 2024 is represented by:

Fixtures
Leasehold Plant and and
property machinery fittings
£    £    £   



Cost 13,630 550,783 41,354
13,630 550,783 41,354

ROBINSONS LOGISTICS GROUP LIMITED (REGISTERED NUMBER: 08204925)

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


10. TANGIBLE FIXED ASSETS - continued

Group

Heavy
Motor haulage
vehicles vehicles Totals
£    £    £   
Valuation in 2017 - 135,283 135,283
Valuation in 2018 - 33,000 33,000
Valuation in 2024 - (792,815 ) (792,815 )
Cost 1,372,677 5,971,875 7,950,319
1,372,677 5,347,343 7,325,787

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.

The net book value of tangible fixed assets includes the following in respect of assets held under finance leases or hire purchase contracts.

Group
2024 2023
£ £
Plant and machinery 231,288 153,698
Motor vehicles 569,163 369,322
Heavy haulage vehicles 3,705,750 1,935,480
4,506,201 2,458,500

11. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 301
NET BOOK VALUE
At 30 September 2024 301
At 30 September 2023 301

ROBINSONS LOGISTICS GROUP LIMITED (REGISTERED NUMBER: 08204925)

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


11. FIXED ASSET INVESTMENTS - continued

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Robinsons Autologistics Limited
Registered office: United Kingdom
Nature of business: Vehicle logistics
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 2,396,026 1,438,115
Profit for the year 758,071 921,685

Robinsons Fleet Solutions Limited
Registered office: United Kingdom
Nature of business: Vehicle repairs
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 35,593 9,180
Profit for the year 26,413 157,472

Robinsons Warehouse & Distribution Services Limited
Registered office: United Kingdom
Nature of business: Warehousing and distribution
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 26,237 150,524
(Loss)/profit for the year (136,955 ) 10,913

Robinsons Driven Logistics Limited
Registered office: United Kingdom
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 100 100


ROBINSONS LOGISTICS GROUP LIMITED (REGISTERED NUMBER: 08204925)

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


12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 1,571,002 1,271,726 - -
Amounts owed by group undertakings - - 671,519 350,000
Other debtors 31,518 19,725 - -
Called up share capital not paid 100 100 - -
Prepayments and accrued income 410,532 443,357 - -
2,013,152 1,734,908 671,519 350,000

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans and overdrafts (see note 15) 11,070 21,114 - -
Hire purchase contracts and finance leases (see note 16)
1,151,553

1,033,606

-

-
Trade creditors 686,068 563,145 - -
Amounts owed to group undertakings - - 367,520 -
Social security and other taxes 81,595 71,507 - -
VAT 312,124 198,537 - -
Other creditors 37,892 29,281 - -
Factoring advances 652,009 617,378 - -
Directors' current accounts 1,306 461 - -
Accruals and deferred income 154,691 214,321 - -
3,088,308 2,749,350 367,520 -

14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group
2024 2023
£    £   
Bank loans (see note 15) 6,662 16,662
Hire purchase contracts and finance leases (see note 16)
1,915,704

1,599,237
1,922,366 1,615,899

ROBINSONS LOGISTICS GROUP LIMITED (REGISTERED NUMBER: 08204925)

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


15. LOANS

An analysis of the maturity of loans is given below:

Group
2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 1,070 11,114
Bank loans 10,000 10,000
11,070 21,114
Amounts falling due between one and two years:
Bank loans - 1-2 years 6,662 16,662

Bank loans are repayable by monthly instalments. Interest is charged at 2.5% per annum.

16. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts Finance leases
2024 2023 2024 2023
£    £    £    £   
Net obligations repayable:
Within one year 855,589 435,883 295,964 597,723
Between one and five years 1,379,744 769,860 535,960 829,377
2,235,333 1,205,743 831,924 1,427,100

Group
Non-cancellable operating leases
2024 2023
£    £   
Within one year 148,752 180,084
Between one and five years 60,564 209,316
209,316 389,400

ROBINSONS LOGISTICS GROUP LIMITED (REGISTERED NUMBER: 08204925)

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


17. SECURED DEBTS

The following secured debts are included within creditors:

Group
2024 2023
£    £   
Hire purchase contracts and finance leases 3,067,257 2,632,843
Factoring advances 652,009 617,378
3,719,266 3,250,221

Obligations under hire purchase and finance leases are secured on the related asset.

Factoring advances are secured by a fixed and floating charge over the group undertakings assets.

18. PROVISIONS FOR LIABILITIES

Group
2024 2023
£    £   
Deferred tax 400,768 56,184

Group
Deferred
tax
£   
Balance at 1 October 2023 56,184
Charge to Income Statement during year 301,779
Revaluation reserve 42,805
Balance at 30 September 2024 400,768

19. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
301 Share capital 1 £1 301 301

ROBINSONS LOGISTICS GROUP LIMITED (REGISTERED NUMBER: 08204925)

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


20. RESERVES

Group
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 October 2023 1,944,875 2,743 1,947,618
Profit for the year 647,528 647,528
Dividends (82,500 ) (82,500 )
Revaluation in year - 337,813 337,813
Deferred tax - (42,805 ) (42,805 )
Disposal 1,871 (1,871 ) -
Depreciation 157 (157 ) -
At 30 September 2024 2,511,931 295,723 2,807,654


21. PENSION COMMITMENTS

The amount recognised in the profit and loss as an expense for defined contribution pension schemes is £65,452 (2023 - £50,066).

At the balance sheet date £6,026 (2023 - £4,759) was due to the defined contribution scheme.

22. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Mr J Robinson a director of a group undertaking was advanced £16,000 during the year and at the balance sheet date £15,733 was owed to the group.

Advances to directors are provided on an interest free basis and are repayable on demand.

23. RELATED PARTY DISCLOSURES

During the year, total dividends of £82,500 were paid to the director .

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

At the balance sheet date £1,306 (2023 - £461) was owed to key management personnel of the group.

24. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr B Robinson.