REGISTERED NUMBER: 14179405 (England and Wales)

LOGIK GROUP 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:

14179405 (England and Wales)

AUDITORS:

Michael Dufty Partnership Limited

Statutory Auditors

59-61 Charlotte Street

St Pauls Square

Birmingham

West Midlands

B3 1PX

FIXED ASSETS

Investments

4

5,466,815

5,466,815

CURRENT ASSETS

Debtors

5

547,929

1,112,366

CREDITORS

Amounts falling due within one year

6

3,716,225

256,567

NET CURRENT (LIABILITIES)/ASSETS

(3,168,296

)

855,799

TOTAL ASSETS LESS CURRENT LIABILITIES

2,298,519

6,322,614

CREDITORS

Amounts falling due after more than one year

7

-

4,155,075

NET ASSETS

2,298,519

2,167,539

CAPITAL AND RESERVES

Called up share capital

9

2

2

Share premium

10

205,002

205,002

Retained earnings

10

2,093,515

1,962,535

SHAREHOLDERS' FUNDS

2,298,519

2,167,539

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 Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about Logik Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

5,466,815

NET BOOK VALUE

At 31 December 2024

5,466,815

At 31 December 2023

5,466,815

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Logik Logistics International Ltd

Registered office: Gateway Centre Castle Road, Castle Road, Sittingbourne, Kent, M10 3RN

Nature of business: Time critical and scheduled transport

%

Class of shares:

holding

Ordinary

100.00

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

541,261

1,104,270

Other debtors

1

1

Prepayments and accrued income

6,667

8,095

547,929

1,112,366

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 8)

-

250,000

Amounts owed to group undertakings

3,716,225

-

Accrued expenses

-

6,567

3,716,225

256,567

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 8)

-

4,085,075

Other loans (see note 8)

-

70,000

-

4,155,075

8.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank loans

-

250,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

250,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

3,835,075

Other loans - 2-5 years

-

70,000

-

3,905,075

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

227,920

Ordinary

0.00001

2

2

10.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 January 2024

1,962,535

205,002

2,167,537

Profit for the year

130,980

130,980

At 31 December 2024

2,093,515

205,002

2,298,517

11.	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

12.	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.

13.	ULTIMATE CONTROLLING PARTY

The company's immediate parent undertaking is Carousel Logistics Limited, and the company's ultimate parent undertaking is Danx A/S registered office 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.