Company Registration No. 08648437 (England and Wales)
Core Logistics UK Limited
Draft Unaudited accounts
for the year ended 31 December 2024
Core Logistics UK Limited
Draft Unaudited accounts
Contents
Core Logistics UK Limited
Company Information
for the year ended 31 December 2024
Directors
Stuart McCourt
Jeff Taylor
Paula McCourt
Company Number
08648437 (England and Wales)
Registered Office
ELYSIUM
OAKENSHAW
DURHAM
DL15 0SX
Core Logistics UK Limited
Statement of financial position
as at 31 December 2024
Tangible assets
69,689
59,619
Cash at bank and in hand
85,933
42,783
Creditors: amounts falling due within one year
(173,045)
(135,646)
Net current assets
147,935
80,847
Total assets less current liabilities
217,624
140,671
Creditors: amounts falling due after more than one year
(182,750)
(107,013)
Called up share capital
2
2
Profit and loss account
34,872
33,656
Shareholders' funds
34,874
33,658
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 1 September 2025 and were signed on its behalf by
Paula McCourt
Director
Company Registration No. 08648437
Core Logistics UK Limited
Notes to the Accounts
for the year ended 31 December 2024
Core Logistics UK Limited is a private company, limited by shares, registered in England and Wales, registration number 08648437. The registered office is ELYSIUM, OAKENSHAW, DURHAM, DL15 0SX.
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Fixtures & fittings
5 Years
Computer equipment
3 Years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
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.
Core Logistics UK Limited
Notes to the Accounts
for the year ended 31 December 2024
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.
Expenditure on research and development is written off in the year in which it is incurred.
4
Intangible fixed assets
Other
5
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 January 2024
29,960
51,029
8,834
8,983
98,806
Additions
2,196
30,270
-
-
32,466
At 31 December 2024
32,156
81,299
8,834
8,983
131,272
At 1 January 2024
10,440
19,253
2,062
7,432
39,187
Charge for the year
5,950
14,242
1,767
437
22,396
At 31 December 2024
16,390
33,495
3,829
7,869
61,583
At 31 December 2024
15,766
47,804
5,005
1,114
69,689
At 31 December 2023
19,520
31,776
6,772
1,551
59,619
Amounts falling due within one year
Trade debtors
97,117
94,180
Accrued income and prepayments
5,375
3,586
Other debtors
47,555
10,944
Core Logistics UK Limited
Notes to the Accounts
for the year ended 31 December 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
41,123
21,093
Obligations under finance leases and hire purchase contracts
25,929
16,589
Trade creditors
5,603
6,874
Taxes and social security
27,809
17,882
Other creditors
12,518
4,180
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
25,552
26,935
9
Average number of employees
During the year the average number of employees was 20 (2023: 19).