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Company Registration No. 12286056 (England and Wales)
The Logistics Expert Group Limited Unaudited accounts for the year ended 31 October 2024
The Logistics Expert Group Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
52,708 
47,913 
Current assets
Debtors
497,007 
445,298 
Cash at bank and in hand
29,571 
6,913 
526,578 
452,211 
Creditors: amounts falling due within one year
(494,352)
(314,741)
Net current assets
32,226 
137,470 
Total assets less current liabilities
84,934 
185,383 
Creditors: amounts falling due after more than one year
- 
(24,608)
Provisions for liabilities
Deferred tax
(13,177)
(10,781)
Net assets
71,757 
149,994 
Capital and reserves
Called up share capital
100 
100 
Share premium
19,600 
19,600 
Profit and loss account
52,057 
130,294 
Shareholders' funds
71,757 
149,994 
For the year ending 31 October 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 April 2025 and were signed on its behalf by
Maria Kiran Ganatra Director Company Registration No. 12286056
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The Logistics Expert Group Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
The Logistics Expert Group Limited is a private company, limited by shares, registered in England and Wales, registration number 12286056. The registered office is First Floor Offices 25 Sanders Road, Finedon Industrial Estate, Welingborough, Northants, NN8 4NL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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The Logistics Expert Group Limited Notes to the Accounts for the year ended 31 October 2024
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2023
45,495 
2,933 
21,417 
69,845 
Additions
36,444 
973 
5,997 
43,414 
Disposals
(34,000)
- 
- 
(34,000)
At 31 October 2024
47,939 
3,906 
27,414 
79,259 
Depreciation
At 1 November 2023
12,795 
1,094 
8,043 
21,932 
Charge for the year
10,677 
620 
3,903 
15,200 
On disposals
(10,581)
- 
- 
(10,581)
At 31 October 2024
12,891 
1,714 
11,946 
26,551 
Net book value
At 31 October 2024
35,048 
2,192 
15,468 
52,708 
At 31 October 2023
32,700 
1,839 
13,374 
47,913 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
- 
24,437 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
268,513 
406,609 
Amounts due from group undertakings etc.
209,679 
23,054 
Accrued income and prepayments
5,815 
3,635 
Other debtors
1,000 
- 
485,007 
433,298 
Amounts falling due after more than one year
Other debtors
12,000 
12,000 
- 4 -
The Logistics Expert Group Limited Notes to the Accounts for the year ended 31 October 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
9,660 
VAT
13,670 
48,521 
Obligations under finance leases and hire purchase contracts
- 
3,283 
Trade creditors
293,235 
192,318 
Amounts owed to group undertakings and other participating interests
20,114 
28,658 
Taxes and social security
37,909 
30,379 
Other creditors
3,057 
951 
Accruals
450 
450 
Deferred income
125,917 
521 
494,352 
314,741 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
13,315 
Obligations under finance leases and hire purchase contracts
- 
11,293 
- 
24,608 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Controlling party
The ultimate parent company is THE LOGISTICS EXPERT HOLDINGS LIMITED (Company number: 13240468). The registered office of the ultimate parent company is First Floor Offices, 25 Sanders Road, Finedon Road Industrial Estate, Wellingborough, Northamptonshire, NN8 4NL.
10
Average number of employees
During the year the average number of employees was 7 (2023: 4).
- 5 -