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REGISTERED NUMBER: 08771235 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2025

for

PRESTIGE LOGISTIC (UK) LIMITED

PRESTIGE LOGISTIC (UK) LIMITED (REGISTERED NUMBER: 08771235)

Contents of the Financial Statements
FOR THE YEAR ENDED 28 FEBRUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRESTIGE LOGISTIC (UK) LIMITED

Company Information
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTOR: Mr Ekrem Alican Karakas





REGISTERED OFFICE: Unit 6
Roseberry Industrial Estate
Tottenham
London
N17 9SR





REGISTERED NUMBER: 08771235 (England and Wales)





ACCOUNTANTS: ADPL LLP
293 Green Lanes
London
N13 4XS

PRESTIGE LOGISTIC (UK) LIMITED (REGISTERED NUMBER: 08771235)

Balance Sheet
28 FEBRUARY 2025

28.2.25 29.2.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,812 14,981

CURRENT ASSETS
Stocks 5 145,541 132,581
Debtors 6 722,616 525,005
Cash at bank and in hand 108,612 32,319
976,769 689,905
CREDITORS
Amounts falling due within one year 7 306,531 104,448
NET CURRENT ASSETS 670,238 585,457
TOTAL ASSETS LESS CURRENT
LIABILITIES

683,050

600,438

CREDITORS
Amounts falling due after more than one
year

8

(13,849

)

(23,953

)

PROVISIONS FOR LIABILITIES 9 (2,352 ) (2,846 )
NET ASSETS 666,849 573,639

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 666,848 573,638
SHAREHOLDERS' FUNDS 666,849 573,639

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PRESTIGE LOGISTIC (UK) LIMITED (REGISTERED NUMBER: 08771235)

Balance Sheet - continued
28 FEBRUARY 2025


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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 July 2025 and were signed by:





Mr Ekrem Alican Karakas - Director


PRESTIGE LOGISTIC (UK) LIMITED (REGISTERED NUMBER: 08771235)

Notes to the Financial Statements
FOR THE YEAR ENDED 28 FEBRUARY 2025


1. STATUTORY INFORMATION

Prestige Logistic (Uk) 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.

In carrying out this assessment, the directors have considered the impact of the Covid-19 pandemic on the trade and finances of the company and wider group and they have taken steps to protect liquidity.

The directors are therefore satisfied that there is no significant risk to the ability of the company to continue as a going concern for at least 12 months from the date of approval of these financial statements.

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.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

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 Profit & Loss Account, 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.

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.

PRESTIGE LOGISTIC (UK) LIMITED (REGISTERED NUMBER: 08771235)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


2. ACCOUNTING POLICIES - continued

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 5 (2024 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2024
and 28 February 2025 5,750 4,000 15,444 2,398 27,592
DEPRECIATION
At 1 March 2024 - 3,597 7,717 1,297 12,611
Charge for year - 403 1,546 220 2,169
At 28 February 2025 - 4,000 9,263 1,517 14,780
NET BOOK VALUE
At 28 February 2025 5,750 - 6,181 881 12,812
At 29 February 2024 5,750 403 7,727 1,101 14,981

5. STOCKS
28.2.25 29.2.24
£    £   
Stocks 145,541 132,581

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade debtors 715,616 338,531
Other debtors 7,000 25,294
Prepayments - 161,180
722,616 525,005

PRESTIGE LOGISTIC (UK) LIMITED (REGISTERED NUMBER: 08771235)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
VAT deferred 2,936 2,936
Trade creditors 238,748 47,631
Tax 36,285 46,425
Social security and other taxes 459 -
Net wages 5,547 -
Pension fund 947 -
VAT 1,623 2,456
Directors' current accounts 19,986 -
Accruals and deferred income - 5,000
306,531 104,448

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.25 29.2.24
£    £   
Bounce bank loan 13,849 23,953

9. PROVISIONS FOR LIABILITIES
28.2.25 29.2.24
£    £   
Deferred tax 2,352 2,846

Deferred
tax
£   
Balance at 1 March 2024 2,846
Credit to Profit & Loss Account during year (494 )
Balance at 28 February 2025 2,352