REGISTERED NUMBER: 05295692 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Lutterworth Logistics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S J J Butler

REGISTERED OFFICE:

Park House

37 Clarence Street

Leicester

LE1 3RW

REGISTERED NUMBER:

05295692 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Intangible assets

4

53,900

61,600

Tangible assets

5

296,444

229,398

350,344

290,998

CURRENT ASSETS

Debtors

6

458,633

495,301

Cash at bank

182,689

233,798

641,322

729,099

CREDITORS

Amounts falling due within one year

7

(697,709

)

(770,620

)

NET CURRENT LIABILITIES

(56,387

)

(41,521

)

TOTAL ASSETS LESS CURRENT LIABILITIES

293,957

249,477

CREDITORS

Amounts falling due after more than one year

8

(146,594

)

(164,956

)

PROVISIONS FOR LIABILITIES

(73,561

)

(56,764

)

NET ASSETS

73,802

27,757

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

73,799

27,754

SHAREHOLDERS' FUNDS

73,802

27,757

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 August 2025 and were signed by:

S J J Butler - Director

1.	STATUTORY INFORMATION

Lutterworth 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.

The financial statements have been prepared on the going concern basis which assumes the company will continue to trade. This depends on the ability of the directors to maintain the necessary financial support.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Hire purchase and leasing commitments

Assets obtained under the hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

77,000

AMORTISATION

At 1 January 2024

15,400

Amortisation for year

7,700

At 31 December 2024

23,100

NET BOOK VALUE

At 31 December 2024

53,900

At 31 December 2023

61,600

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

4,598

5,585

157

Additions

-

49,500

-

Disposals

-

-

-

At 31 December 2024

4,598

55,085

157

DEPRECIATION

At 1 January 2024

3,219

4,485

157

Charge for year

459

10,346

-

Eliminated on disposal

-

-

-

At 31 December 2024

3,678

14,831

157

NET BOOK VALUE

At 31 December 2024

920

40,254

-

At 31 December 2023

1,379

1,100

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

635,211

15,604

661,155

Additions

111,796

-

161,296

Disposals

(159,283

)

(7,404

)

(166,687

)

At 31 December 2024

587,724

8,200

655,764

DEPRECIATION

At 1 January 2024

408,616

15,280

431,757

Charge for year

68,757

300

79,862

Eliminated on disposal

(144,906

)

(7,393

)

(152,299

)

At 31 December 2024

332,467

8,187

359,320

NET BOOK VALUE

At 31 December 2024

255,257

13

296,444

At 31 December 2023

226,595

324

229,398

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

437,175

460,416

Other debtors

21,458

34,885

458,633

495,301

Trade debtors of £344,172 (2023 - £385,811) are subject to a factoring agreement.

Other debtors includes prepayments and accrued income of £21,457 (2023 - £34,885).

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

41,818

41,818

Hire purchase contracts

81,040

54,199

Trade creditors

97,199

127,106

Taxation and social security

161,667

189,134

Other creditors

315,985

358,363

697,709

770,620

Other creditors includes accruals and deferred income of £4,562 (2023 - £8,491).

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

17,424

59,242

Hire purchase contracts

129,170

105,714

146,594

164,956

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

59,242

101,060

Hire purchase contracts

210,210

159,913

Factoring account

270,891

302,824

540,343

563,797

Hire purchase liabilities are secured on the individual assets being so acquired.

The bank loan is secured by a fixed and floating charge over the assets of the company.

The factoring account is secured against trade debtors.

10.	OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £10,920 (2023 - £10,920).

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

S J J Butler

Balance outstanding at start of year

-

-

Amounts advanced

21,924

19,076

Amounts repaid

(21,924

)

(19,076

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

The loan was repayable on demand and interest has been charged at the HMRC official rate.