ROAD TO LOGISTICS C.I.C.

Company limited by guarantee

Company Registration Number:
10804587 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2024

Period of accounts

Start date: 1 July 2023

End date: 30 June 2024

ROAD TO LOGISTICS C.I.C.

Contents of the Financial Statements

for the Period Ended 30 June 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

ROAD TO LOGISTICS C.I.C.

Directors' report period ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Principal activities of the company

The principal activity of the company continued to be that of training and support in the transport and logistics industry



Directors

The director shown below has held office during the whole of the period from
1 July 2023 to 30 June 2024

Robery Harbey


The directors shown below have held office during the period of
1 August 2023 to 30 June 2024

Jim French
J Swain


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
26 March 2025

And signed on behalf of the board by:
Name: Jim French
Status: Director

ROAD TO LOGISTICS C.I.C.

Profit And Loss Account

for the Period Ended 30 June 2024

2024 2023


£

£
Turnover: 850,407 825,892
Cost of sales: ( 404,035 ) ( 392,213 )
Gross profit(or loss): 446,372 433,679
Administrative expenses: ( 457,318 ) ( 433,679 )
Operating profit(or loss): (10,946) 0
Profit(or loss) before tax: (10,946) 0
Profit(or loss) for the financial year: (10,946) 0

ROAD TO LOGISTICS C.I.C.

Balance sheet

As at 30 June 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 6,724 8,890
Total fixed assets: 6,724 8,890
Current assets
Debtors: 4 84,864 104,810
Cash at bank and in hand: 68,555 251,661
Total current assets: 153,419 356,471
Creditors: amounts falling due within one year: 5 ( 164,411 ) ( 358,683 )
Net current assets (liabilities): (10,992) (2,212)
Total assets less current liabilities: (4,268) 6,678
Total net assets (liabilities): (4,268) 6,678
Members' funds
Profit and loss account: (4,268) 6,678
Total members' funds: ( 4,268) 6,678

The notes form part of these financial statements

ROAD TO LOGISTICS C.I.C.

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 26 March 2025
and signed on behalf of the board by:

Name: Jim French
Status: Director

The notes form part of these financial statements

ROAD TO LOGISTICS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

    Tangible fixed assets depreciation policy

    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: Computers 33% reducing balance 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 surplus or deficit.

ROAD TO LOGISTICS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 6 6

ROAD TO LOGISTICS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 July 2023 12,598 12,598
Additions 1,533 1,533
Disposals
Revaluations
Transfers
At 30 June 2024 14,131 14,131
Depreciation
At 1 July 2023 3,708 3,708
Charge for year 3,699 3,699
On disposals
Other adjustments
At 30 June 2024 7,407 7,407
Net book value
At 30 June 2024 6,724 6,724
At 30 June 2023 8,890 8,890

ROAD TO LOGISTICS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Debtors

2024 2023
£ £
Trade debtors 72,834 92,105
Prepayments and accrued income 12,030 12,705
Total 84,864 104,810

ROAD TO LOGISTICS C.I.C.

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 33,649 36,212
Taxation and social security 48,892 50,343
Accruals and deferred income 4,071 5,307
Other creditors 77,799 266,821
Total 164,411 358,683

COMMUNITY INTEREST ANNUAL REPORT

ROAD TO LOGISTICS C.I.C.

Company Number: 10804587 (England and Wales)

Year Ending: 30 June 2024

Company activities and impact

During the financial year, the company continued to run training courses, using a 3rd aprty subcontractor to deliver training. These programes had a specific employer attached to them, to improve the outcomes and ensure that newly trained drivers were given opportunities in businesses that would ensure they were safely on-boarded, with robust induction plans. All trainees were unemployed at the start of their training journey, thus we are working to reduce the burden on the taxpayer by taking these people off benefits, into paid and meaningful employment. The company has also worked to establish and continue relationships with HM Prison and probation Service and planning programes to roll-out in prison across the country. We have been successful in engaging with Parc Prison in Wales, Berwyn Prison in North Wales, with a number of ex-offenders taking places on one four programes. This has give ex-offenders the opportunity to learn to drive a lorry whilst still serving their sentences, with the aim on transitioning them into employment with a designated employers as soon as they leave prison. the goal of this si to reduce re-offending rates and give people a real opportunity to change their lives through employment as a lory drivers and the good salary that will be afforded to them.

Consultation with stakeholders

The stakeholder's are employers seeking drivers, and drivers seeking employment. The directors of the company continue to develop this business model based on extensive knowledge and experience of the transport and logistics sectors, through liaison with industry leasers, unemployed groups / individuals. Through continuing this research it ahs been identified that the transport and logistics sector is facing a staffing problem particularly with driver vacancies. There are upfront costs of £4,000 that an individual is required to pay, which is beyond the ability of may who are from the sections of society that the company seeks to support. In this financial year, we have again supplied new drivers to a variety of employers across the UK. We stay in close contact with them and their new employees up to one year post placement , mitigating any risk of failure ad providing a vital mediation service to both employer and employee. We have received very positive feedback from our employees in raged to the quality of our trainees and the training they have received. Employers particularly like that we give contact to the trainees, regarding the role of a driver, and the learn skill such as route-planning using a map and not relying on digital equipment such as sat nav.

Directors' remuneration

£77,440 was paid to directors

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
26 March 2025

And signed on behalf of the board by:
Name: James French
Status: Director