Company registration number 13351904 (England and Wales)
Response Logistics (Manchester) Limited
Unaudited financial statements
For the year ended 31 May 2024
Response Logistics (Manchester) Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
Response Logistics (Manchester) Limited
Statement of financial position
As at 31 May 2024
31 May 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
55,959
35,868
Current assets
Debtors
4
520,275
496,729
Cash at bank and in hand
97,416
160,494
617,691
657,223
Creditors: amounts falling due within one year
5
(613,008)
(643,817)
Net current assets
4,683
13,406
Net assets
60,642
49,274
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
60,542
49,174
Total equity
60,642
49,274

For the financial year ended 31 May 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 in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 6 December 2024
Mr P Shortt
Director
Company registration number 13351904 (England and Wales)
Response Logistics (Manchester) Limited
Notes to the financial statements
For the year ended 31 May 2024
- 2 -
1
Accounting policies
Company information

Response Logistics (Manchester) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Expedite House, Etruscan Street, Etruria, Stoke on Trent, Staffordshire, England, ST1 5PQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
2% Straight Line
Plant and equipment
25% Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Response Logistics (Manchester) Limited
Notes to the financial statements (continued)
For the year ended 31 May 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash at bank.

1.6
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 statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when 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 settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, amounts due from fellow group companies 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.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from fellow group companies, 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 at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable.

Response Logistics (Manchester) Limited
Notes to the financial statements (continued)
For the year ended 31 May 2024
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
20
19
Response Logistics (Manchester) Limited
Notes to the financial statements (continued)
For the year ended 31 May 2024
- 5 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 June 2023
34,323
2,898
37,221
Additions
21,744
-
0
21,744
At 31 May 2024
56,067
2,898
58,965
Depreciation and impairment
At 1 June 2023
263
1,090
1,353
Depreciation charged in the year
929
724
1,653
At 31 May 2024
1,192
1,814
3,006
Carrying amount
At 31 May 2024
54,875
1,084
55,959
At 31 May 2023
34,060
1,808
35,868
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
480,861
457,295
Amounts owed by group undertakings
8,846
-
0
Other debtors
30,568
39,434
520,275
496,729
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
271,268
237,404
Amounts owed to group undertakings
80,890
126,391
Taxation and social security
24,987
32,167
Other creditors
235,863
247,855
613,008
643,817

Contained within other creditors are factoring debts of £224,389 (£2023 - £240,432) secured against the debts to which they relate.

2024-05-312023-06-01false06 December 2024CCH SoftwareCCH Accounts Production 2024.200No description of principal activityMr Peter Shorttfalsefalse133519042023-06-012024-05-31133519042024-05-31133519042023-05-3113351904core:LandBuildings2024-05-3113351904core:OtherPropertyPlantEquipment2024-05-3113351904core:LandBuildings2023-05-3113351904core:OtherPropertyPlantEquipment2023-05-3113351904core:CurrentFinancialInstrumentscore:WithinOneYear2024-05-3113351904core:CurrentFinancialInstrumentscore:WithinOneYear2023-05-3113351904core:CurrentFinancialInstruments2024-05-3113351904core:CurrentFinancialInstruments2023-05-3113351904core:ShareCapital2024-05-3113351904core:ShareCapital2023-05-3113351904core:RetainedEarningsAccumulatedLosses2024-05-3113351904core:RetainedEarningsAccumulatedLosses2023-05-3113351904bus:Director12023-06-012024-05-3113351904core:LeaseholdImprovements2023-06-012024-05-3113351904core:PlantMachinery2023-06-012024-05-31133519042022-06-012023-05-3113351904core:LandBuildings2023-05-3113351904core:OtherPropertyPlantEquipment2023-05-31133519042023-05-3113351904core:LandBuildings2023-06-012024-05-3113351904core:OtherPropertyPlantEquipment2023-06-012024-05-3113351904core:WithinOneYear2024-05-3113351904core:WithinOneYear2023-05-3113351904bus:PrivateLimitedCompanyLtd2023-06-012024-05-3113351904bus:SmallCompaniesRegimeForAccounts2023-06-012024-05-3113351904bus:FRS1022023-06-012024-05-3113351904bus:AuditExemptWithAccountantsReport2023-06-012024-05-3113351904bus:FullAccounts2023-06-012024-05-31xbrli:purexbrli:sharesiso4217:GBP