REGISTERED NUMBER: 09513589 (England and Wales)

Financial Statements

For The Year Ended 31 March 2025

for

Tie Specialist Logistics Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Patrick

SECRETARY:

S Patrick

REGISTERED OFFICE:

11 Newtoft Business Park

Newtoft

MARKET RASEN

LN8 3WA

REGISTERED NUMBER:

09513589 (England and Wales)

ACCOUNTANTS:

Nicholsons

Chartered Accountants

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

FIXED ASSETS

Tangible assets

4

499,510

571,338

CURRENT ASSETS

Debtors

360,564

366,887

Investments

23,500

-

Cash at bank

346,075

156,549

730,139

523,436

CREDITORS

Amounts falling due within one year

281,447

190,228

NET CURRENT ASSETS

448,692

333,208

TOTAL ASSETS LESS CURRENT LIABILITIES

948,202

904,546

CREDITORS

Amounts falling due after more than one year

100,326

152,654

NET ASSETS

847,876

751,892

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

847,875

751,891

847,876

751,892

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 September 2025 and were signed by:

S Patrick - Director

1.	STATUTORY INFORMATION

Tie Specialist Logistics Ltd 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.

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 the cost less estimated residual value of each asset over its estimated useful life.

Improvement to property - 20% on straight line

Plant and machinery - 20% on straight line

Fixtures and fittings - 20% on straight line

Motor vehicles - 25% on straight line

Computer equipment - 20% on straight line

Financial instruments

Financial instruments

Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised costs. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments and are measured at amortised costs. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

Taxation

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

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 12 (2024 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

801,128

Additions

164,451

Disposals

(165,975

)

At 31 March 2025

799,604

DEPRECIATION

At 1 April 2024

229,790

Charge for year

169,624

Eliminated on disposal

(99,320

)

At 31 March 2025

300,094

NET BOOK VALUE

At 31 March 2025

499,510

At 31 March 2024

571,338

5.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

211,382

259,377

The hire purchase agreements are secured against the assets to which they relate.

6.	CAPITAL COMMITMENTS

2025

2024

£

£

Contracted but not provided for in the

financial statements

49,585

99,578

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

S Patrick

Balance outstanding at start of year

40,242

101,812

Amounts advanced

78,708

37,578

Amounts repaid

(87,062

)

(99,148

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

31,888

40,242

The loans are unsecured, repayable on demand and interest is charged at the official rate of interest.