KR LOGISTICS LIMITED

Company Registration Number:
15030045 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2024

Period of accounts

Start date: 26 July 2023

End date: 31 July 2024

KR LOGISTICS LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Balance sheet
Notes

KR LOGISTICS LIMITED

Balance sheet

As at 31 July 2024


Notes

2024


£
Fixed assets
Tangible assets: 3 21,858
Total fixed assets: 21,858
Current assets
Debtors:   224,683
Cash at bank and in hand: 159,848
Total current assets: 384,531
Creditors: amounts falling due within one year: 4 (412,316)
Net current assets (liabilities): (27,785)
Total assets less current liabilities: (5,927)
Total net assets (liabilities): (5,927)
Capital and reserves
Called up share capital: 2
Profit and loss account: (5,929)
Shareholders funds: (5,927)

The notes form part of these financial statements

KR LOGISTICS LIMITED

Balance sheet statements

For the year ending 31 July 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 January 2025
and signed on behalf of the board by:

Name: K BALL
Status: Director

The notes form part of these financial statements

KR LOGISTICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

1. Accounting policies

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

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.

Tangible fixed assets and depreciation policy

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life: Motor vehicles - 25% reducing balance Office equipment - 25% reducing balance

Valuation and information policy

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

KR LOGISTICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

2. Employees

2024
Average number of employees during the period 2

KR LOGISTICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible Assets

Total
Cost £
Additions 29,231
At 31 July 2024 29,231
Depreciation
Charge for year 7,373
At 31 July 2024 7,373
Net book value
At 31 July 2024 21,858

KR LOGISTICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Creditors: amounts falling due within one year note

Corporation tax - 29546 Other taxation and social security - 113295 Other creditors - 269475

KR LOGISTICS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Loans to directors

Name of director receiving advance or credit: Kevin Ball
Description of the loan: An advance for personal expenditure
£
Advances or credits made: 46,446
Advances or credits repaid: 0
Balance at 31 July 2024 46,446
Name of director receiving advance or credit: Robert Davies
Description of the loan: An advance for personal expenditure
£
Advances or credits made: 46,431
Advances or credits repaid: 0
Balance at 31 July 2024 46,431