REGISTERED NUMBER: 07397251 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

GTS Logistics UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Green Vision Logistics Limited

A M Muciaccia

A Prescott

REGISTERED OFFICE:

Unit G6, The Bloc

Springfield Way

Anlaby

Hull

HU10 6RJ

REGISTERED NUMBER:

07397251 (England and Wales)

AUDITORS:

Rusling & Co, Statutory Auditor

F6 The Bloc

Anlaby

East Yorkshire

HU10 6RJ

FIXED ASSETS

Tangible assets

4

12,782

8,047

CURRENT ASSETS

Debtors

5

797,412

794,994

Cash at bank

335,753

333,174

1,133,165

1,128,168

CREDITORS

Amounts falling due within one year

6

635,177

731,812

NET CURRENT ASSETS

497,988

396,356

TOTAL ASSETS LESS CURRENT LIABILITIES

510,770

404,403

PROVISIONS FOR LIABILITIES

2,428

1,529

NET ASSETS

508,342

402,874

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

498,342

392,874

508,342

402,874

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

A Prescott - Director

1.	STATUTORY INFORMATION

GTS Logistics UK 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.

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 each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

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.

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 22 (2023 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

45,053

Additions

10,566

At 31 December 2024

55,619

DEPRECIATION

At 1 January 2024

37,006

Charge for year

5,831

At 31 December 2024

42,837

NET BOOK VALUE

At 31 December 2024

12,782

At 31 December 2023

8,047

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

678,026

678,663

Other debtors

119,386

116,331

797,412

794,994

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

481,753

533,617

Amounts owed to group undertakings

-

52,000

Taxation and social security

88,577

55,462

Other creditors

64,847

90,733

635,177

731,812

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Rusling FCA (Senior Statutory Auditor)

for and on behalf of Rusling & Co, Statutory Auditor

8.	RELATED PARTY DISCLOSURES

During the period under review dividends of £100,000 (2023 - £80,000) were paid to companies controlled by the directors.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is A M Muciaccia.