Registered number
13385553
Cucumber Logistics Limited
Filleted Accounts
For The Period Ended 31 March 2024
(05 Months)
Cucumber Logistics Limited
Registered number: 13385553
Balance Sheet
as at 31 March 2024
Notes 31 Mar 2024 31 Oct 2023
£ £ £ £
Fixed assets
Tangible assets 3 1,021 795
Current assets
Debtors 4 86,756 90,338
Cash at bank and in hand 48,375 131,694
135,131 222,032
Creditors: amounts falling due within one year 5 (137,656) (207,054)
Net current (liabilities)/assets (2,525) 14,978
Net (liabilities)/assets (1,504) 15,773
Capital and reserves
Called up share capital 100 100
Profit and loss account (1,604) 15,673
Shareholders' funds/(deficit) (1,504) 15,773
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Robert Meehan
Director
Approved by the board on 25 February 2025
Cucumber Logistics Limited
Notes to the Accounts
for the period from 1 November 2023 to 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment over 2 years straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Going Concern
At the 31 March 2024, the Company had negative Shareholders’ Funds of £1,504. A Connected Company, Cucumber Recruitment Limited, has confirmed its intention to continue to support the Company. Since the period end, the Company’s business has continued to grow and at the time of signing the Report and Accounts has positive Shareholders’ Funds.” Therefore, the financial statements have been prepared on a going concern basis.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 50 65
3 Tangible fixed assets
Computer equipment
Cost £
At 1 November 2023 1,258
Additions 509
At 31 March 2024 1,767
Depreciation
At 1 November 2023 463
Charge for the period 283
At 31 March 2024 746
Net book value
At 31 March 2024 1,021
At 31 October 2023 795
4 Debtors 2024 2023
£ £
Trade debtors 55,751 77,598
Prepayments 30,905 12,640
Other debtors 100 100
86,756 90,338
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 4,600 1,804
Amounts owed to connected parties 37,775 133,464
Taxation and social security costs 74,056 48,192
Other creditors 21,225 23,594
137,656 207,054
6 Related party transactions
As at 31 March 2024, the Company had a loan payable of £37,775 (31 October 2023 - £133,464) with a Connected Company, Cucumber Recruitment Limited. The loan was not interest bearing due to Cucumber Recruitment Limited supporting the Company during its start-up period.
Included in Accounts Payable is a further liability owed to Cucumber Recruitment Limited of £110 (31 October 2023 - £79), to Cucumber Catering Limited of £nil (31 October 2023 - £1,125), to Cucumber Investments Limitd of £1,000 and to Easy Recruit Software Limited of £654 (31 October 2023 - £600).
7 Other information
Cucumber Logistics Limited is a private company limited by shares and incorporated in England. Its registered office is:
Kimada House
442 Flixton Road
Urmston
Manchester
M41 6QT
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