REGISTERED NUMBER: 08207267 (England and Wales)

LOGIK LOGISTICS INTERNATIONAL LIMITED

Audited Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D York

Mr L Ryssel

Mr M J Wade

REGISTERED OFFICE:

Gateway Centre Castle Road

Castle Road

Sittingbourne

Kent

ME10 3RN

BUSINESS ADDRESS:

The Gateway

Unit 1

Terminal Road

Birmingham Airport

B26 3QD

REGISTERED NUMBER:

08207267 (England and Wales)

AUDITORS:

Michael Dufty Partnership Limited

Statutory Auditors

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

FIXED ASSETS

Tangible assets

4

35,598

62,817

CURRENT ASSETS

Debtors

5

3,262,315

3,352,939

Cash at bank

346,949

444,096

3,609,264

3,797,035

CREDITORS

Amounts falling due within one year

6

2,007,302

2,677,078

NET CURRENT ASSETS

1,601,962

1,119,957

TOTAL ASSETS LESS CURRENT LIABILITIES

1,637,560

1,182,774

PROVISIONS FOR LIABILITIES

8,298

15,704

NET ASSETS

1,629,262

1,167,070

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

1,629,260

1,167,068

SHAREHOLDERS' FUNDS

1,629,262

1,167,070

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 29 September 2025 and were signed on its behalf by:

Mr D York - Director

1.	STATUTORY INFORMATION

Logik Logistics International 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 on a going concern basis under the historical cost convention.

The financial statements are prepared in Sterling (£) which is the functional currency of the company.

The following principal accounting policies have been applied:

Going concern

At the Balance Sheet date the company had a healthy cash balance and a net asset position. This, combined with the financial forecasts prepared by the directors show that the company will be able to operate for a period of at least 12 months from the date of signing these accounts.

On that basis, the directors have prepared these financial statements on a going concern basis.

Critical accounting judgements and key sources of estimation uncertainty

The group makes estimates and assumptions concerning the future. The directors are also required to exercise judgement in the process of applying the group’s accounting policies. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The directors have concluded there are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration, on completion of delivery.

Tangible fixed assets

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

Office equipment

-

25% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Financial instruments

The company only enters into basis financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans from/to related parties.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

The company contributes into the director's pension scheme are charged to the profit and loss account in the period to which they relate.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Office

and

Motor

Computer

equipment

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

27,311

58,109

44,462

81,716

211,598

Additions

400

-

-

-

400

At 31 December 2024

27,711

58,109

44,462

81,716

211,998

DEPRECIATION

At 1 January 2024

18,562

20,335

37,149

72,735

148,781

Charge for year

4,945

9,217

7,251

6,206

27,619

At 31 December 2024

23,507

29,552

44,400

78,941

176,400

NET BOOK VALUE

At 31 December 2024

4,204

28,557

62

2,775

35,598

At 31 December 2023

8,749

37,774

7,313

8,981

62,817

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2,287,703

2,980,333

Amounts owed by group undertakings

818,462

-

Other debtors

52,500

52,500

Prepayments and accrued income

103,650

320,106

3,262,315

3,352,939

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

863,208

815,052

Amounts owed to group undertakings

541,261

1,104,270

Social security and other taxes

83,292

9,637

Other creditors

7,308

10,314

Accruals and deferred income

512,233

737,805

2,007,302

2,677,078

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

75,000

68,750

Between one and five years

143,750

-

218,750

68,750

The total lease payments recognised as an expense during the year was £75,000.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

200

Ordinary

0.01

2

2

9.

RESERVES

Retained

earnings

£

At 1 January 2024

1,167,068

Profit for the year

826,148

Dividends

(363,956

)

At 31 December 2024

1,629,260

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

The Report of the Auditors was unqualified.

Arran Jones FCCA (Senior Statutory Auditor)

for and on behalf of Michael Dufty Partnership Limited

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12.	ULTIMATE CONTROLLING PARTY

The company's immediate holding company is Logik Group Limited and company's ultimate parent undertaking is Danx A/S registered office address AX VI INV5 Holding ApS, C/O DANX A/S, Vejleavej 9, DK-2635 Ishoj Denmark. Copies of the consolidated financial statements can be obtained from the Central Business Register in Denmark.

The directors consider there to be no controlling party.