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Company Registration No. 11699422 (England and Wales)
National Logistics Group Ltd Unaudited accounts for the year ended 30 November 2024
National Logistics Group Ltd Unaudited accounts Contents
Page
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National Logistics Group Ltd Company Information for the year ended 30 November 2024
Director
Rizwan Malik
Company Number
11699422 (England and Wales)
Registered Office
63-66 Fifth Floor Suite 23 Hatton Garden London EC1N 8LE ENGLAND
Accountants
Accounting Solutions (UK) Ltd 85 Great Portland Street First Floor London W1W 7LT
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National Logistics Group Ltd Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
67,586 
71,985 
Current assets
Debtors
95,645 
154,298 
Cash at bank and in hand
5,559 
8,328 
101,204 
162,626 
Creditors: amounts falling due within one year
(94,348)
(143,810)
Net current assets
6,856 
18,816 
Total assets less current liabilities
74,442 
90,801 
Creditors: amounts falling due after more than one year
(16,467)
(33,388)
Net assets
57,975 
57,413 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
57,875 
57,313 
Shareholders' funds
57,975 
57,413 
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 July 2025 and were signed on its behalf by
Rizwan Malik Director Company Registration No. 11699422
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National Logistics Group Ltd Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
National Logistics Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 11699422. The registered office is 63-66 Fifth Floor Suite 23, Hatton Garden, London, EC1N 8LE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance method
Motor vehicles
20% reducing balance method
Fixtures & fittings
20% reducing balance method
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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National Logistics Group Ltd Notes to the Accounts for the year ended 30 November 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 December 2023
10,988 
143,117 
950 
207 
155,262 
Additions
- 
15,000 
- 
- 
15,000 
At 30 November 2024
10,988 
158,117 
950 
207 
170,262 
Depreciation
At 1 December 2023
4,231 
78,106 
839 
101 
83,277 
Charge for the year
1,354 
18,002 
22 
21 
19,399 
At 30 November 2024
5,585 
96,108 
861 
122 
102,676 
Net book value
At 30 November 2024
5,403 
62,009 
89 
85 
67,586 
At 30 November 2023
6,757 
65,011 
111 
106 
71,985 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
92,645 
154,298 
Amounts falling due after more than one year
Other debtors
3,000 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
9,173 
9,173 
VAT
29,404 
26,424 
Obligations under finance leases and hire purchase contracts
7,748 
11,300 
Trade creditors
- 
6,095 
Taxes and social security
30,386 
27,385 
Loans from directors
16,887 
61,433 
Accruals
750 
2,000 
94,348 
143,810 
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National Logistics Group Ltd Notes to the Accounts for the year ended 30 November 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
16,467 
25,640 
Obligations under finance leases and hire purchase contracts
- 
7,748 
16,467 
33,388 
8
Transactions with related parties
At the year end company, owed £16,887 (2023: £61,433) to its director, R Malik. The amount is interest free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 2 (2023: 7).
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