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REGISTERED NUMBER: 07568399 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 March 2025

for

Principled Offsite Logistics Limited

Principled Offsite Logistics Limited (Registered number: 07568399)

Contents of the Financial Statements
For The Year Ended 31 March 2025










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Principled Offsite Logistics Limited

Company Information
For The Year Ended 31 March 2025







Directors: Ms S E Lucas
Mrs G Colvin





Registered office: 7 Hunting Gate
Hitchin
Hertfordshire
SG4 0TJ





Registered number: 07568399 (England and Wales)





Accountants: R Vann Ltd
Chartered Certified Accountants
Ironstone House
Ironstone Way
Brixworth
Northamptonshire
NN6 9UD

Principled Offsite Logistics Limited (Registered number: 07568399)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
Fixed assets
Tangible assets 4 172,279 327,215
Investments 5 10,002 2
182,281 327,217

Current assets
Stocks 42,356 52,945
Debtors 6 2,885,329 2,784,008
Cash at bank and in hand 883,987 1,374,999
3,811,672 4,211,952
Creditors
Amounts falling due within one year 7 3,419,676 4,039,052
Net current assets 391,996 172,900
Total assets less current liabilities 574,277 500,117

Creditors
Amounts falling due after more than
one year

8

(21,697

)

-

Provisions for liabilities (43,070 ) (81,804 )
Net assets 509,510 418,313

Principled Offsite Logistics Limited (Registered number: 07568399)

Balance Sheet - continued
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
Capital and reserves
Called up share capital 7,000 10,000
Capital redemption reserve 3,000 -
Retained earnings 499,510 408,313
509,510 418,313

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:




Mrs G Colvin - Director



Ms S E Lucas - Director


Principled Offsite Logistics Limited (Registered number: 07568399)

Notes to the Financial Statements
For The Year Ended 31 March 2025


1. Statutory information

Principled Offsite Logistics Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Principled Offsite Logistics Limited (Registered number: 07568399)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2025


2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 21 (2024 - 24 ) .

Principled Offsite Logistics Limited (Registered number: 07568399)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2025


4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 April 2024 1,000,442
Additions 44,758
Disposals (377,285 )
At 31 March 2025 667,915
Depreciation
At 1 April 2024 673,227
Charge for year 111,071
Eliminated on disposal (288,662 )
At 31 March 2025 495,636
Net book value
At 31 March 2025 172,279
At 31 March 2024 327,215

5. Fixed asset investments

31.3.25 31.3.24
£    £   
Shares in group undertakings 2 2
Other investments not loans 10,000 -
10,002 2

Principled Offsite Logistics Limited (Registered number: 07568399)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2025


5. Fixed asset investments - continued

Additional information is as follows:
Shares
,group
undertaki
£   
Cost
At 1 April 2024
and 31 March 2025 2
Net book value
At 31 March 2025 2
At 31 March 2024 2

Investments (neither listed nor unlisted) were as follows:
31.3.25 31.3.24
£    £   
Crypto Digital Currency 10,000 -

The company owned the entire issued share capital of the following subsidiary companies:

Principled Storage Limited
Country of incorporation: England & Wales
Nature of business: dormant

Offsite Logistics Limited
Country of incorporation: England & Wales
Nature of business: dormant

6. Debtors: amounts falling due within one year
31.3.25 31.3.24
£    £   
Trade debtors 2,111,569 2,077,708
Amounts owed by group undertakings 735,966 481,537
Other debtors 37,794 224,763
2,885,329 2,784,008

Principled Offsite Logistics Limited (Registered number: 07568399)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2025


7. Creditors: amounts falling due within one year
31.3.25 31.3.24
£    £   
Hire purchase contracts 715 -
Trade creditors 2,034,596 2,476,850
Amounts owed to group undertakings 5,938 -
Amounts owed to participating interests - 323
Taxation and social security 698,639 708,021
Other creditors 679,788 853,858
3,419,676 4,039,052

8. Creditors: amounts falling due after more than one year
31.3.25 31.3.24
£    £   
Hire purchase contracts 21,697 -

9. Related party disclosures

The following amounts were due (to) / from companies which are under common control:

POLL Holdings Ltd £703,500 (2024 £nil); the immediate parent company
Principled Partnership Ltd £(5,938) (2024 £366,037)
Heathcote Distribution Ltd £413 (2024 £115,500)
Lucas Colvin Properties Ltd £28,325 (2024 £nil)
Chapter and Charm Ltd £3,728 (2024 £nil)

The company trades with Principled Partnership Ltd; they are under common control and all transactions were carried out on an arm's length basis.
The company trades with Hitchin National Logistics Ltd; a company which Ms Colvin and Ms Lucas are directors of and shareholders in. All transactions were carried out on an arm's length basis.