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Company registration number: 04225099
LHT Logistics Limited
Unaudited filleted financial statements
31 March 2025
LHT Logistics Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
LHT Logistics Limited
Directors and other information
Director B Ruby
Secretary R Ruby
Company number 04225099
Registered office 124-126 Church Hill
Loughton
Essex
IG10 1LH
Accountants Pollock Taylor Ltd
Chartered Certified Accountants
124-126 Church Hill
Loughton
Essex
IG10 1LH
LHT Logistics Limited
Statement of financial position
31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 6 418,252 504,705
Investments 7 55,000 50,000
_________ _________
473,252 554,705
Current assets
Debtors 8 658,673 700,476
Cash at bank and in hand 14,000 2,860
_________ _________
672,673 703,336
Creditors: amounts falling due
within one year 9 ( 518,495) ( 505,973)
_________ _________
Net current assets 154,178 197,363
_________ _________
Total assets less current liabilities 627,430 752,068
Creditors: amounts falling due
after more than one year 10 ( 267,771) ( 420,631)
Provisions for liabilities 11 ( 74,432) ( 59,449)
_________ _________
Net assets 285,227 271,988
_________ _________
Capital and reserves
Called up share capital 100 100
Profit and loss account 285,127 271,888
_________ _________
Shareholders funds 285,227 271,988
_________ _________
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 15 July 2025 , and are signed on behalf of the board by:
B Ruby
Director
Company registration number: 04225099
LHT Logistics Limited
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 124-126 Church Hill, Loughton, Essex, IG10 1LH.
The principal activity of the company is that of freight and forwarding agents.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 15 % reducing balance
Motor vehicles - 15 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 28 (2024: 25 ).
5. Tax on profit
Major components of tax expense
2025 2024
£ £
Current tax:
UK current tax expense 5,358 -
Deferred tax:
Origination and reversal of timing differences 14,983 27,405
_________ _________
Tax on profit 20,341 27,405
_________ _________
6. Tangible assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 April 2024 16,614 620,608 637,222
Additions - 28,195 28,195
Disposals - ( 56,526) ( 56,526)
_________ _________ _________
At 31 March 2025 16,614 592,277 608,891
_________ _________ _________
Depreciation
At 1 April 2024 9,604 122,913 132,517
Charge for the year 1,052 72,756 73,808
Disposals - ( 15,686) ( 15,686)
_________ _________ _________
At 31 March 2025 10,656 179,983 190,639
_________ _________ _________
Carrying amount
At 31 March 2025 5,958 412,294 418,252
_________ _________ _________
At 31 March 2024 7,010 497,695 504,705
_________ _________ _________
7. Investments
Other investments other than loans Total
£ £
Cost
At 1 April 2024 50,000 50,000
Additions 5,000 5,000
_________ _________
At 31 March 2025 55,000 55,000
_________ _________
Impairment
At 1 April 2024 and 31 March 2025 - -
_________ _________
Carrying amount
At 31 March 2025 55,000 55,000
_________ _________
At 31 March 2024 50,000 50,000
_________ _________
8. Debtors
2025 2024
£ £
Trade debtors 531,742 572,142
Other debtors 126,931 128,334
_________ _________
658,673 700,476
_________ _________
9. Creditors: amounts falling due within one year
2025 2024
£ £
Bank loans and overdrafts 50,747 44,733
Trade creditors 214,198 243,646
Corporation tax 5,358 -
Social security and other taxes 107,937 64,258
Other creditors 140,255 153,336
_________ _________
518,495 505,973
_________ _________
10. Creditors: amounts falling due after more than one year
2025 2024
£ £
Bank loans and overdrafts 2,500 12,500
Other creditors 265,271 408,131
_________ _________
267,771 420,631
_________ _________
11. Provisions
Deferred tax (note ) Total
£ £
At 1 April 2024 59,449 59,449
Additions 14,983 14,983
_________ _________
At 31 March 2025 74,432 74,432
_________ _________