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
National Logistics Group Ltd
Company Information
for the year ended 30 November 2024
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
National Logistics Group Ltd
Statement of financial position
as at 30 November 2024
Tangible assets
67,586
71,985
Cash at bank and in hand
5,559
8,328
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)
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
National Logistics Group Ltd
Notes to the Accounts
for the year ended 30 November 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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.
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.
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.
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.
National Logistics Group Ltd
Notes to the Accounts
for the year ended 30 November 2024
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
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
At 30 November 2024
5,403
62,009
89
85
67,586
At 30 November 2023
6,757
65,011
111
106
71,985
Amounts falling due within one year
Trade debtors
92,645
154,298
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,173
9,173
Obligations under finance leases and hire purchase contracts
7,748
11,300
Taxes and social security
30,386
27,385
Loans from directors
16,887
61,433
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
Obligations under finance leases and hire purchase contracts
-
7,748
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).