Acorah Software Products - Accounts Production 16.3.350 false true true 31 December 2023 1 January 2023 false 25 April 2025 1 January 2024 31 December 2024 31 December 2024 04500617 Mr Enrico Rosa Mr Yojiro Sugiki Mr Arnaldo Vivoli Nippon Express Holdings Inc. true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04500617 2023-12-31 04500617 2024-12-31 04500617 2024-01-01 2024-12-31 04500617 frs-core:CurrentFinancialInstruments 2024-12-31 04500617 frs-core:ComputerEquipment 2024-12-31 04500617 frs-core:ComputerEquipment 2024-01-01 2024-12-31 04500617 frs-core:ComputerEquipment 2023-12-31 04500617 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 04500617 frs-core:FurnitureFittings 2024-12-31 04500617 frs-core:FurnitureFittings 2024-01-01 2024-12-31 04500617 frs-core:FurnitureFittings 2023-12-31 04500617 frs-core:OtherResidualIntangibleAssets 2024-12-31 04500617 frs-core:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 04500617 frs-core:OtherResidualIntangibleAssets 2023-12-31 04500617 frs-core:PlantMachinery 2024-12-31 04500617 frs-core:PlantMachinery 2024-01-01 2024-12-31 04500617 frs-core:PlantMachinery 2023-12-31 04500617 frs-core:WithinOneYear 2024-12-31 04500617 frs-core:ShareCapital 2024-12-31 04500617 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 04500617 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04500617 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 04500617 frs-bus:SmallEntities 2024-01-01 2024-12-31 04500617 frs-bus:Audited 2024-01-01 2024-12-31 04500617 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04500617 1 2024-01-01 2024-12-31 04500617 frs-bus:Director1 2024-01-01 2024-12-31 04500617 frs-bus:Director2 2024-01-01 2024-12-31 04500617 frs-bus:Director3 2024-01-01 2024-12-31 04500617 frs-countries:EnglandWales 2024-01-01 2024-12-31 04500617 2022-12-31 04500617 2023-12-31 04500617 2023-01-01 2023-12-31 04500617 frs-core:CurrentFinancialInstruments 2023-12-31 04500617 frs-core:BetweenOneFiveYears 2023-12-31 04500617 frs-core:WithinOneYear 2023-12-31 04500617 frs-core:ShareCapital 2023-12-31 04500617 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 04500617
NX Lifestyle Logistics UK Ltd
Financial Statements
For The Year Ended 31 December 2024
Harrisons Accountancy Ltd
Harrison House Sheep Walk
Langford Road
Biggleswade
Bedfordshire
SG18 9RB
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—6
Page 1
Balance Sheet
Registered number: 04500617
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 10,864 16,296
Tangible Assets 5 84,510 50,230
95,374 66,526
CURRENT ASSETS
Debtors 6 932,660 975,496
Cash at bank and in hand 863,723 818,567
1,796,383 1,794,063
Creditors: Amounts Falling Due Within One Year 7 (628,568 ) (739,683 )
NET CURRENT ASSETS (LIABILITIES) 1,167,815 1,054,380
TOTAL ASSETS LESS CURRENT LIABILITIES 1,263,189 1,120,906
NET ASSETS 1,263,189 1,120,906
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 1,263,187 1,120,904
SHAREHOLDERS' FUNDS 1,263,189 1,120,906
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Enrico Rosa
Director
Mr Arnaldo Vivoli
Director
25/04/2025
The notes on pages 2 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
NX Lifestyle Logistics UK Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04500617 . The registered office is Unit 16 Albone Way, Biggleswade, Bedfordshire, SG18 8BN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
2.2. Going Concern Disclosure
• The directors are required to prepare these financial statements on a going concern basis unless it is inappropriate to presume the company will continue in business. In satisfaction of this responsibility, the directors have considered the company’s ability to meet its liabilities as they fall due for a period of at least twelve months from the signing date of the financial statements.
• The directors did not identify any uncertainty that cast significant doubt about the ability of the company to continue as a going concern.
• The group has confirmed that they will support this company for a period of at least a year from signing these financial statements.
2.3. Significant judgements and estimations
• Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectation of future events that are believed to be reasonable under the circumstances.
• A provision of £105 000 has been recognised in respect of estimated dilapidation costs relating to the leased premises at Biggleswade. The lease agreement includes clauses requiring reinstatement of the premises at the end of the lease term. 
• The estimate is based on managements past experience with similar property moves and has been scaled to reflect the larger size of the current premises. No formal schedule of work has been received from the landlord as at the reporting date, and the lease remains ongoing. 
• Although the company has a present legal obligation under the lease terms and it is probable that a cost will be incurred, the exact timing and amount of the outflow remains uncertain. Management considers the provision to present a reasonable estimate based on the information available at the reporting date.
2.4. Turnover
• The company operates in the transport support activities, in the logistics sector, providing services that facilitate the movement of goods efficiently.
• Previously the company offered curb side delivery services and has now expanded to inside delivery services, where the company delivers the furniture to the property of the customer, unpacking the item, installing the item, and removing and disposing of empty boxes. The company also offers customers storage services.
• 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 rendering of services is recognised when goods have been delivered to customers such that risks and rewards of ownership have been transferred to them. 
2.5. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relate to the software purchased to streamline the logistics process in the company.
Software costs are amortised at a rate of 33% on a reducing balance basis.
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2.6. Tangible Fixed Assets and Depreciation
• Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
• The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
• Depreciation is charged to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Warehouse equipment 33% reducing balance
Fixtures & Fittings 33% reducing balance
Computer Equipment 33% reducing balance
• A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
2.7. Foreign Currencies
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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.8. Taxation
• The tax expense for the period comprises current tax and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
• The current income tax charge is calculated based on tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
2.9. Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities.
2.10. Presentation currency
The accounts are presented in £ Sterling
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 16 18
16 18
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4. Intangible Assets
Capitalised Software Costs
£
Cost
As at 1 January 2024 75,961
As at 31 December 2024 75,961
Amortisation
As at 1 January 2024 59,665
Provided during the period 5,432
As at 31 December 2024 65,097
Net Book Value
As at 31 December 2024 10,864
As at 1 January 2024 16,296
5. Tangible Assets
Warehouse equipment Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2024 191,462 94,060 39,681 325,203
Additions 31,001 6,600 19,728 57,329
As at 31 December 2024 222,463 100,660 59,409 382,532
Depreciation
As at 1 January 2024 156,350 86,553 32,070 274,973
Provided during the period 14,552 2,869 5,628 23,049
As at 31 December 2024 170,902 89,422 37,698 298,022
Net Book Value
As at 31 December 2024 51,561 11,238 21,711 84,510
As at 1 January 2024 35,112 7,507 7,611 50,230
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 719,774 754,821
Prepayments and accrued income 190,327 186,505
VAT 22,559 34,170
932,660 975,496
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 358,296 500,862
Corporation tax 32,873 19,033
Other taxes and social security 8,705 16,540
Net wages 2,500 2,250
Other creditors 16,554 60,389
Accruals and deferred income 209,640 140,609
628,568 739,683
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Other Commitments
At the end of the period the company had annual commitments under non-cancellable operating leases as follows:
2024 2023
£ £
Not later than one year 367,668 197,500
Later than one year and not later than five years - 301,835
367,668 499,335
10. Post Balance Sheet Events
The company entered into a new lease agreement on 20 March 2025 for rental of warehouse & office space. The lease will commence on 20 March 2025 and has a term of 9 years and 11 months with a 15 month rent-free period. This event occurred after the reporting period and does not affect the amounts recognized in these financial statements. The estimated annual lease payments under this agreement are £1,302,641.
11. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
12. Ultimate Controlling Party
NX Lifestyle Logistics UK Ltd is owned 100% by NX Lifestyle Logistics Swiss SA was previously known by Tramo SA but had a change of company name on 9 January 2025.
The company's ultimate controlling party is Nippon Express Holdings Inc. by virtue of their ownership of 100% of NX Lifestyle Logistics Swiss SA. Nippon Express Holdings Inc.is listed on the Japanese stock exchange. 
13. Change of name
With the effect of 2 January 2025, the name of the Company was changed from Tramo (UK) Ltd to NX Lifestyle Logistics UK Ltd.
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14. Audit Information
The auditor's report on the accounts of NX Lifestyle Logistics UK Ltd for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Amy Claire Hancock as Senior Statutory Auditor (Senior Statutory Auditor) for and on behalf of Hancock and Hastings Limited , Statutory Auditor.
Hancock and Hastings Limited
Hancock & Hastings Ltd
Suite 2 Ashton Square Business Centre
22 Ashton Square
Dunstable
LU6 3SN
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