Company Registration No. 06649686 (England and Wales)
Setmaf Logistics Limited
Unaudited accounts
for the year ended 31 July 2025
Setmaf Logistics Limited
Unaudited accounts
Contents
Setmaf Logistics Limited
Company Information
for the year ended 31 July 2025
Director
Seth Olubowale MAFE
Secretary
Seth Olubowale MAFE
Company Number
06649686 (England and Wales)
Accountants
Johnson Olanrewaju
High Glory Associates
London House, Suite 1, Thames road.
Slade Green.
Dartford
Dartford, Kent
DA1 14SL
Setmaf Logistics Limited
Statement of financial position
as at 31 July 2025
Tangible assets
42,061
1,838
Cash at bank and in hand
-
2,563
Creditors: amounts falling due within one year
(6,907)
(3,793)
Net current assets
3,011
9,173
Total assets less current liabilities
45,072
11,011
Creditors: amounts falling due after more than one year
(38,765)
(8,234)
Called up share capital
10
10
Profit and loss account
6,297
2,767
Shareholders' funds
6,307
2,777
For the year ending 31 July 2025 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 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 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 and authorised for issue on 6 October 2025 and were signed on its behalf by
Seth Olubowale MAFE
Director
Company Registration No. 06649686
Setmaf Logistics Limited
Notes to the Accounts
for the year ended 31 July 2025
Setmaf Logistics Limited is a private company, limited by shares, registered in England and Wales, registration number 06649686.
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.
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:
Motor vehicles
4 years straight line
Fixtures & fittings
4 years straight line
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 August 2024
-
3,413
3,413
At 31 July 2025
40,740
3,413
44,153
At 1 August 2024
-
1,575
1,575
Charge for the year
-
517
517
At 31 July 2025
-
2,092
2,092
At 31 July 2025
40,740
1,321
42,061
At 31 July 2024
-
1,838
1,838
Setmaf Logistics Limited
Notes to the Accounts
for the year ended 31 July 2025
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
6,127
3,013
7
Creditors: amounts falling due after more than one year
2025
2024
Other creditors
38,765
8,234
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
9
Average number of employees
During the year the average number of employees was 5 (2024: 5).