Total Quality Logistics Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 12194549

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		3,756		3,756
Tangible Assets	5		6,972		120,245

			10,728		124,001
CURRENT ASSETS
Debtors	6	67,683		138,417
Cash at bank and in hand		3,267		25,128

		70,950		163,545
Creditors: Amounts Falling Due Within One Year	7	(84,757 )		(169,369 )

NET CURRENT ASSETS (LIABILITIES)			(13,807 )		(5,824 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(3,079 )		118,177

Creditors: Amounts Falling Due After More Than One Year	8		(10,000 )		(57,550 )

NET (LIABILITIES)/ASSETS			(13,079 )		60,627

CAPITAL AND RESERVES
Called up share capital	11		1		1
Profit and Loss Account			(13,080 )		60,626

SHAREHOLDERS' FUNDS			(13,079)		60,627

Page 1

Page 2

Total Quality Logistics Limited

Balance Sheet (continued)

As At 30 September 2024

For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

K S Corry

Director

29 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Total Quality Logistics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12194549 . The registered office is 45 City Road, Chester, CH1 3AE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The presentational currency is £ Sterling and all amounts are rounded to the nearest £.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis. As the director will continue to make funds available to the company in the future, they believe that the going concern basis is appropriate for these financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of freight transport services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are personalised vehicle registrations, no amortisation has been charged as the asset is considered to have an indefinite useful life, the asset will instead be tested annually for impairment.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% on cost
Motor Vehicles	25% on net book value

2.6. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the 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 a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss, except when it relates to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.

Page 3

Page 4

Total Quality Logistics Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 1)

4. Intangible Assets

	Other
	£
Cost
As at 1 October 2023	3,756

As at 30 September 2024	3,756

Net Book Value
As at 30 September 2024	3,756

As at 1 October 2023	3,756

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 October 2023	1,986	218,068	220,054
Additions	5,784	-	5,784
Disposals	-	(213,218 )	(213,218 )

As at 30 September 2024	7,770	4,850	12,620

Depreciation
As at 1 October 2023	779	99,030	99,809
Provided during the period	1,554	510	2,064
Disposals	-	(96,225 )	(96,225 )

As at 30 September 2024	2,333	3,315	5,648

Net Book Value
As at 30 September 2024	5,437	1,535	6,972

As at 1 October 2023	1,207	119,038	120,245

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	65,835	120,807
Other debtors	1,848	17,610

	67,683	138,417

Page 4

Page 5

Total Quality Logistics Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	-	60,407
Trade creditors	12,125	19,325
Bank loans and overdrafts	14,167	10,000
Other creditors	49,306	73,450
Taxation and social security	9,159	6,187

	84,757	169,369

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	-	37,550
Bank loans	10,000	20,000

	10,000	57,550

9. Secured Creditors

Of the creditors falling due within and after more than one year the following amounts are secured.

Security has been given over the assets in which the hire purchase contracts relate to.

	2024		2023
	£		£
Net obligations under finance lease and hire purchase contracts	-		97,957

10. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	60,407
Later than one year and not later than five years	-	37,550

	-	97,957

	-	97,957

11. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

12. Related Party Transactions

The director has made an interest free loan available to the company of £45,722 (2023 - £72,515), which is repayable on demand.

Page 5