IRIS Accounts Production v24.3.2.46 06645580 director 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh066455802023-06-30066455802024-06-30066455802023-07-012024-06-30066455802022-06-30066455802022-07-012023-06-30066455802023-06-3006645580ns15:EnglandWales2023-07-012024-06-3006645580ns14:PoundSterling2023-07-012024-06-3006645580ns10:Director12023-07-012024-06-3006645580ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3006645580ns10:SmallEntities2023-07-012024-06-3006645580ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3006645580ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3006645580ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3006645580ns10:FullAccounts2023-07-012024-06-3006645580ns10:CompanySecretary12023-07-012024-06-3006645580ns10:RegisteredOffice2023-07-012024-06-3006645580ns5:CurrentFinancialInstruments2024-06-3006645580ns5:CurrentFinancialInstruments2023-06-3006645580ns5:Non-currentFinancialInstruments2024-06-3006645580ns5:Non-currentFinancialInstruments2023-06-3006645580ns5:ShareCapital2024-06-3006645580ns5:ShareCapital2023-06-3006645580ns5:RetainedEarningsAccumulatedLosses2024-06-3006645580ns5:RetainedEarningsAccumulatedLosses2023-06-3006645580ns5:PlantMachinery2023-07-012024-06-3006645580ns5:PlantMachinery2023-06-3006645580ns5:PlantMachinery2024-06-3006645580ns5:PlantMachinery2023-06-3006645580ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3006645580ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30066455801ns10:Director12023-06-30066455801ns10:Director12022-06-30066455801ns10:Director12023-07-012024-06-30066455801ns10:Director12022-07-012023-06-30066455801ns10:Director12024-06-30066455801ns10:Director12023-06-30
REGISTERED NUMBER: 06645580 (England and Wales)















Unaudited Financial Statements For The Year Ended 30 June 2024

for

Logistic Solutions UK & Europe Limited

Logistic Solutions UK & Europe Limited (Registered number: 06645580)

Contents of the Financial Statements
For The Year Ended 30 June 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Logistic Solutions UK & Europe Limited

Company Information
For The Year Ended 30 June 2024







Director: C S Cayton





Secretary: Mrs J Cayton





Registered office: 21 Tenter Road
Moulton Park
Northampton
NN3 6AX





Registered number: 06645580 (England and Wales)





Accountants: R Vann Ltd
Chartered Certified Accountants
Ironstone House
Ironstone Way
Brixworth
Northamptonshire
NN6 9UD

Logistic Solutions UK & Europe Limited (Registered number: 06645580)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 56,963 98,721

Current assets
Debtors 5 143,217 188,026
Cash at bank 10,025 20,705
153,242 208,731
Creditors
Amounts falling due within one year 6 135,561 190,914
Net current assets 17,681 17,817
Total assets less current liabilities 74,644 116,538

Creditors
Amounts falling due after more than
one year

7

(11,488

)

(39,791

)

Provisions for liabilities (10,823 ) (18,756 )
Net assets 52,333 57,991

Logistic Solutions UK & Europe Limited (Registered number: 06645580)

Balance Sheet - continued
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
Capital and reserves
Called up share capital 100 100
Retained earnings 52,233 57,891
52,333 57,991

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 March 2025 and were signed by:





C S Cayton - Director


Logistic Solutions UK & Europe Limited (Registered number: 06645580)

Notes to the Financial Statements
For The Year Ended 30 June 2024


1. Statutory information

Logistic Solutions UK & Europe Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Logistic Solutions UK & Europe Limited (Registered number: 06645580)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024


2. Accounting policies - continued

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.

3. Employees and directors

The average number of employees during the year was 9 (2023 - 9 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 July 2023
and 30 June 2024 214,069
Depreciation
At 1 July 2023 115,348
Charge for year 41,758
At 30 June 2024 157,106
Net book value
At 30 June 2024 56,963
At 30 June 2023 98,721

5. Debtors: amounts falling due within one year
30.6.24 30.6.23
£    £   
Trade debtors 53,008 112,540
Other debtors 90,209 75,486
143,217 188,026

Logistic Solutions UK & Europe Limited (Registered number: 06645580)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024


6. Creditors: amounts falling due within one year
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 17,142 10,021
Hire purchase contracts 17,977 36,831
Trade creditors 32,582 73,522
Taxation and social security 46,387 45,637
Other creditors 21,473 24,903
135,561 190,914

7. Creditors: amounts falling due after more than one year
30.6.24 30.6.23
£    £   
Bank loans 9,644 19,921
Hire purchase contracts 1,844 19,870
11,488 39,791

8. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
C S Cayton
Balance outstanding at start of year 40,079 64,274
Amounts advanced 902 27,885
Amounts repaid - (52,080 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 40,981 40,079

Since March 2017 Mr Cayton has owned the freehold property in which the company is based. Rent is charged at an arms length basis.

9. Related party disclosures

The company provides services to Osso Logistics Limited; a company in which Mr C Cayton is both a director and shareholder. All costs are charged at an arms length basis and amounted to £71,060 (2023: £55,097).