Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30freight transport by road32023-07-01false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04810184 2023-07-01 2024-06-30 04810184 2022-07-01 2023-06-30 04810184 2024-06-30 04810184 2023-06-30 04810184 c:Director1 2023-07-01 2024-06-30 04810184 d:MotorVehicles 2023-07-01 2024-06-30 04810184 d:MotorVehicles 2024-06-30 04810184 d:MotorVehicles 2023-06-30 04810184 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04810184 d:OfficeEquipment 2023-07-01 2024-06-30 04810184 d:OfficeEquipment 2024-06-30 04810184 d:OfficeEquipment 2023-06-30 04810184 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04810184 d:ComputerEquipment 2023-07-01 2024-06-30 04810184 d:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 04810184 d:OtherPropertyPlantEquipment 2024-06-30 04810184 d:OtherPropertyPlantEquipment 2023-06-30 04810184 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04810184 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 04810184 d:CurrentFinancialInstruments 2024-06-30 04810184 d:CurrentFinancialInstruments 2023-06-30 04810184 d:Non-currentFinancialInstruments 2024-06-30 04810184 d:Non-currentFinancialInstruments 2023-06-30 04810184 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 04810184 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 04810184 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 04810184 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 04810184 d:ShareCapital 2024-06-30 04810184 d:ShareCapital 2023-06-30 04810184 d:RetainedEarningsAccumulatedLosses 2024-06-30 04810184 d:RetainedEarningsAccumulatedLosses 2023-06-30 04810184 c:OrdinaryShareClass1 2023-07-01 2024-06-30 04810184 c:OrdinaryShareClass1 2024-06-30 04810184 c:OrdinaryShareClass1 2023-06-30 04810184 c:OrdinaryShareClass2 2023-07-01 2024-06-30 04810184 c:OrdinaryShareClass2 2024-06-30 04810184 c:OrdinaryShareClass2 2023-06-30 04810184 c:OrdinaryShareClass3 2023-07-01 2024-06-30 04810184 c:OrdinaryShareClass3 2024-06-30 04810184 c:OrdinaryShareClass3 2023-06-30 04810184 c:FRS102 2023-07-01 2024-06-30 04810184 c:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 04810184 c:FullAccounts 2023-07-01 2024-06-30 04810184 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04810184 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-07-01 2024-06-30 04810184 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-06-30 04810184 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-06-30 04810184 2 2023-07-01 2024-06-30 04810184 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04810184









AES LOGISTICS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
AES LOGISTICS LTD
 

CONTENTS



Page
Accountants' Report
 
 
1
Balance Sheet
 
 
2 - 3
Notes to the Financial Statements
 
 
4 - 8


 
AES LOGISTICS LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF AES LOGISTICS LTD
FOR THE YEAR ENDED 30 JUNE 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AES Logistics Ltd for the year ended 30 June 2024 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of AES Logistics Ltd, as a body, in accordance with the terms of our engagement letter dated 02 February 2023Our work has been undertaken solely to prepare for your approval the financial statements of AES Logistics Ltd and state those matters that we have agreed to state to the Board of Directors of AES Logistics Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AES Logistics Ltd and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that AES Logistics Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of AES Logistics Ltd. You consider that AES Logistics Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of AES Logistics Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
28 March 2025
Page 1

 
AES LOGISTICS LTD
REGISTERED NUMBER: 04810184

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
41,073
19,481

  
41,073
19,481

Current assets
  

Debtors: amounts falling due within one year
 5 
210,219
189,260

Cash at bank and in hand
  
141,893
185,904

  
352,112
375,164

Creditors: amounts falling due within one year
 6 
(91,601)
(85,851)

Net current assets
  
 
 
260,511
 
 
289,313

Total assets less current liabilities
  
301,584
308,794

Creditors: amounts falling due after more than one year
 7 
(4,000)
(8,000)

Provisions for liabilities
  

Deferred tax
  
(10,268)
(4,870)

  
 
 
(10,268)
 
 
(4,870)

Net assets
  
287,316
295,924


Capital and reserves
  

Called up share capital 
 8 
200
200

Profit and loss account
  
287,116
295,724

  
287,316
295,924


Page 2

 
AES LOGISTICS LTD
REGISTERED NUMBER: 04810184
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 March 2025.




................................................
Mr A E Spurdin
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
AES LOGISTICS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

The company is a private company incorporated in the United Kingdom and limited by shares. It is registered in England and Wales. The company's trading address and registered office is 12 Edenside Drive, Attleborough, Norfolk, NR17 2EL.
The company's principal activity is that of freight transport by road.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The principal accounting policies adopted in the preparation of the financial statements are set out below, remain unchanged from the previous year and have been consistently applied within the same accounts.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
AES LOGISTICS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax.

Deferred tax balances are recognised in respect of timing differences that have originated but not reversed by the balance sheet date.
Current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the reducing balance and straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance
Office equipment
-
25%
reducing balance
Computer equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
AES LOGISTICS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.9

Financial instruments


The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 2).


4.


Tangible fixed assets





Motor vehicles
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 July 2023
72,020
1,059
539
73,618


Additions
40,995
2,047
266
43,308


Disposals
(25,270)
-
-
(25,270)



At 30 June 2024

87,745
3,106
805
91,656



Depreciation


At 1 July 2023
52,620
978
539
54,137


Charge for the year on owned assets
13,099
532
89
13,720


Disposals
(17,274)
-
-
(17,274)



At 30 June 2024

48,445
1,510
628
50,583



Net book value



At 30 June 2024
39,300
1,596
177
41,073



At 30 June 2023
19,400
81
-
19,481

Page 6

 
AES LOGISTICS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023
£
£


Trade debtors
134,852
109,570

Other debtors
72,113
76,386

Prepayments and accrued income
3,254
3,304

210,219
189,260



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
4,000
4,000

Trade creditors
8,508
6,426

Other taxation and social security
75,362
71,721

Accruals and deferred income
3,731
3,704

91,601
85,851



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
4,000
8,000

4,000
8,000



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100
80 (2023 - 80) "A" Ordinary shares of £1.00 each
80
80
20 (2023 - 20) "B" Ordinary shares of £1.00 each
20
20

200

200


Page 7

 
AES LOGISTICS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Related party transactions

As at 01 July 2023, the directors owed the company £75,418. During the year, the company advanced £148,872 and the directors introduced funds into the company of £170,373. The balance on the directors' loan account as at 30 June 2024 was £53,917 owing to the company from the directors as included within other debtors in note 5 to the financial statements. Interest of £1,622 (2023: £980) was charged a rate of 2.25% on the overdrawn balances only. The loan is repayable on demand.

 
Page 8