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Registration number: 05578143

B & A Logistics Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

B & A Logistics Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

B & A Logistics Limited

Company Information

Directors

Mrs A J Simpson

Mr B A Simpson

Company secretary

Mrs A J Simpson

Registered office

8 Arundel Road
Totton
Southampton
Hampshire
SO40 3BH

Accountants

Numeric Accounting
Chartered Certified AccountantsSuite 1 The Portway Centre
Old Sarum Park
Old Sarum
Salisbury
Wiltshire
SP4 6EB

 

B & A Logistics Limited

(Registration number: 05578143)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

54,484

77,385

Current assets

 

Debtors

5

3,375

23,181

Cash at bank and in hand

 

3

23,888

 

3,378

47,069

Creditors: Amounts falling due within one year

6

(60,462)

(48,917)

Net current liabilities

 

(57,084)

(1,848)

Total assets less current liabilities

 

(2,600)

75,537

Creditors: Amounts falling due after more than one year

6

(3,614)

(14,018)

Provisions for liabilities

(9,437)

(13,586)

Net (liabilities)/assets

 

(15,651)

47,933

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(15,751)

47,833

Shareholders' (deficit)/funds

 

(15,651)

47,933

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 May 2025 and signed on its behalf by:
 

 

B & A Logistics Limited

(Registration number: 05578143)
Balance Sheet as at 31 December 2024 (continued)

.........................................
Mr B A Simpson
Director

 

B & A Logistics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
8 Arundel Road
Totton
Southampton
Hampshire
SO40 3BH

These financial statements were authorised for issue by the Board on 8 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

B & A Logistics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current 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 on the basis of 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet 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

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Short leasehold

Over a term of lease

Plant and machinery

15% on reducing balance

Motor vehicles

20% on reducing balance

Computer equipment

33% on reducing balance

 

B & A Logistics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2

Accounting policies (continued)

The carrying amounts of the company’s tangible fixed assets are reviewed at each reporting date to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the asset's recoverable amount is estimated in order to determine the extent of any impairment loss.

An impairment loss is recognised in the profit and loss account when the carrying amount of an asset exceeds its recoverable amount. The recoverable amount is the higher of:

• The fair value less costs to sell, and
• The value in use (estimated future cash flows expected to arise from the continued use of the asset and its eventual disposal).

If the recoverable amount of an asset is estimated to be lower than its carrying amount, the carrying value of the asset is reduced to its recoverable amount. The impairment loss is charged immediately to the profit and loss account.

Impairment losses previously recognised are reversed if there has been a change in the estimates used to determine the recoverable amount. However, a reversal is only made to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation, if no impairment loss had been recognised.

 

Financial instruments

Classification
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.
 Recognition and measurement
When a financial asset or financial liability is recognised initially, the entity shall measure it at the transaction price unless the arrangement constitutes, in effect, a financing transaction. An arrangement constitutes a financing transaction if payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

At the end of each reporting period, an entity shall measure all financial instruments which constitute a financing arrangement at fair value and recognise changes in fair value in profit or loss.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2023 - 11).

 

B & A Logistics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

4

Tangible assets

Short leasehold land and buildings
£

Plant and machinery
£

Computer equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2024

8,827

61,018

6,520

253,941

330,306

Additions

31,684

-

291

-

31,975

Disposals

(8,827)

(37,018)

-

(159,902)

(205,747)

At 31 December 2024

31,684

24,000

6,811

94,039

156,534

Depreciation

At 1 January 2024

6,857

27,388

5,727

212,949

252,921

Charge for the year

1,320

2,618

302

4,867

9,107

Eliminated on disposal

(6,857)

(20,844)

-

(143,247)

(170,948)

Impairment

-

-

-

10,970

10,970

At 31 December 2024

1,320

9,162

6,029

85,539

102,050

Carrying amount

At 31 December 2024

30,364

14,838

782

8,500

54,484

At 31 December 2023

1,970

33,630

793

40,992

77,385

Included within the net book value of land and buildings above is £30,364 (2023 - £1,971) in respect of short leasehold land and buildings.
 

5

Debtors

Current

2024
£

2023
£

Trade debtors

-

23,181

Other debtors

3,375

-

 

3,375

23,181

 

B & A Logistics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

13,019

10,148

Taxation and social security

 

20,674

31,692

Accruals and deferred income

 

429

429

Other creditors

 

26,340

6,648

 

60,462

48,917

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

3,614

14,018


Loan

The loan is unsecured for a period of 17 months and attracts interest of 0% for the first 12 months and 2.5% per annum thereafter. Repayments are made monthly. No repayments are due for the first 12 months.
Amounts due for repayment:
Less than 1 year: £10,404 (2023 - £10,149)
More than 1 year and less than 5 years: £3,614 (2023 - £14,018)

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       
 

B & A Logistics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

3,614

14,018

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,404

10,148

Bank overdrafts

2,615

-

13,019

10,148

9

Dividends

2024

2023

£

£

Interim dividend of £Nil (2023 - £20.00) per ordinary share

-

2,000

 

 

10

Related party transactions

Transactions with directors

2024

At 1 January 2024
£

Advances to director
£

Payments by director
£

At 31 December 2024
£

Mr B A Simpson

The loan is interest-free and repayable on demand.

(6,647)

33,222

(52,270)

(25,695)

 

B & A Logistics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

10

Related party transactions (continued)

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

11,502

9,100