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
Tangible assets
52,708
47,913
Cash at bank and in hand
29,571
6,913
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)
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
The Logistics Expert Group Limited
Notes to the Accounts
for the year ended 31 October 2024
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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 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.
The Logistics Expert Group Limited
Notes to the Accounts
for the year ended 31 October 2024
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.
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
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
At 31 October 2024
35,048
2,192
15,468
52,708
At 31 October 2023
32,700
1,839
13,374
47,913
Carrying values included above held under finance leases and hire purchase contracts:
£
£
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
Amounts falling due after more than one year
Other debtors
12,000
12,000
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
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
Deferred income
125,917
521
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
11,293
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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.
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Average number of employees
During the year the average number of employees was 7 (2023: 4).