Registration number:
B & A Logistics Limited
for the Year Ended 31 December 2024
B & A Logistics Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
B & A Logistics Limited
Company Information
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Directors |
Mrs A J Simpson Mr B A Simpson |
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Company secretary |
Mrs A J Simpson |
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Registered office |
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Accountants |
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B & A Logistics Limited
(Registration number: 05578143)
Balance Sheet as at 31 December 2024
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Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Provisions for liabilities |
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Net (liabilities)/assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' (deficit)/funds |
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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:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
B & A Logistics Limited
(Registration number: 05578143)
Balance Sheet as at 31 December 2024 (continued)
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B & A Logistics Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024
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General information |
The company is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is:
These financial statements were authorised for issue by the
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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)
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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:
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Asset class |
Depreciation method and rate |
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Short leasehold |
Over a term of lease |
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Plant and machinery |
15% on reducing balance |
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Motor vehicles |
20% on reducing balance |
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Computer equipment |
33% on reducing balance |
B & A Logistics Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)
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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
Recognition and measurement
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.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
B & A Logistics Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)
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Tangible assets |
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Short leasehold land and buildings |
Plant and machinery |
Computer equipment |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 January 2024 |
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Additions |
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- |
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Disposals |
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At 31 December 2024 |
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Depreciation |
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At 1 January 2024 |
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Charge for the year |
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Eliminated on disposal |
( |
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- |
( |
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Impairment |
- |
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At 31 December 2024 |
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Carrying amount |
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At 31 December 2024 |
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At 31 December 2023 |
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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.
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Debtors |
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Current |
2024 |
2023 |
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Trade debtors |
- |
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Other debtors |
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- |
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B & A Logistics Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)
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Creditors |
Creditors: amounts falling due within one year
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Note |
2024 |
2023 |
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Due within one year |
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Loans and borrowings |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Creditors: amounts falling due after more than one year
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Note |
2024 |
2023 |
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Due after one year |
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Loans and borrowings |
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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)
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Share capital |
Allotted, called up and fully paid shares
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
B & A Logistics Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)
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Loans and borrowings |
Non-current loans and borrowings
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2024 |
2023 |
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Bank borrowings |
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Current loans and borrowings
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2024 |
2023 |
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Bank borrowings |
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Bank overdrafts |
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- |
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Dividends |
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2024 |
2023 |
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£ |
£ |
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Interim dividend of £Nil (2023 - £ |
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2,000 |
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Related party transactions |
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Transactions with directors |
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2024 |
At 1 January 2024 |
Advances to director |
Payments by director |
At 31 December 2024 |
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Mr B A Simpson |
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The loan is interest-free and repayable on demand. |
( |
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( |
( |
B & A Logistics Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)
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10 |
Related party transactions (continued) |
Directors' remuneration
The directors' remuneration for the year was as follows:
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2024 |
2023 |
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Remuneration |
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