Defence Logistics Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08851971 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

DEFENCE LOGISTICS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

K J Bolwell

REGISTERED OFFICE:

Room 73

Wrest House

Wrest Park

Silsoe

Bedfordshire

MK45 4HR

REGISTERED NUMBER:

08851971 (England and Wales)

ACCOUNTANTS:

MDG Business Associates Limited

Room 73

Wrest House

Wrest Park

Silsoe

Bedfordshire

MK45 4HR

FIXED ASSETS

Tangible assets

5

9,336

13,720

CURRENT ASSETS

Stocks

185,760

180,130

Debtors

6

570,957

295,352

Cash at bank

36,526

38,216

793,243

513,698

CREDITORS

Amounts falling due within one year

7

886,704

776,531

NET CURRENT LIABILITIES

(93,461

)

(262,833

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(84,125

)

(249,113

)

CAPITAL AND RESERVES

Called up share capital

9

1,001

Retained earnings

(85,126

)

(250,114

)

SHAREHOLDERS' FUNDS

(84,125

)

(249,113

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director and authorised for issue on 8 October 2025 and were signed by:

K J Bolwell - Director

1.	STATUTORY INFORMATION

Defence Logistics Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

During the year the company made of a profit after tax of £164,988 and had a net deficiency in reserves of £84,125 at the balance sheet date.

The company meets its day to day working capital requirements through supplier credit and loans from the related parties.

After making enquiries, the director has a reasonable expectation that the company has adequate financial resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and Value Added Tax.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Motor vehicles

-

33% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

to

Motor

Computer

property

vehicles

equipment

Totals

£

Cost

At 1 February 2024

and 31 January 2025

2,702

15,243

9,541

27,486

Depreciation

At 1 February 2024

1,305

3,353

9,108

13,766

Charge for year

270

3,924

190

4,384

At 31 January 2025

1,575

7,277

9,298

18,150

Net book value

At 31 January 2025

1,127

7,966

243

9,336

At 31 January 2024

1,397

11,890

433

13,720

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

382,422

203,998

Other debtors

157,992

86,833

VAT

28,743

2,557

Prepayments

1,800

1,964

570,957

295,352

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

26,364

9,270

Social security and other taxes

5,259

3,159

Other creditors

725,514

648,265

Directors' current accounts

1,729

194

Accruals and deferred income

127,838

115,643

886,704

776,531

The company's assets and undertakings are secured by way of a debenture incorporating a fixed and floating charge in favour of a shareholder of the company.

8.	LEASING AGREEMENTS

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

2025

2024

£

Within one year

18,000

Between one and five years

10,500

28,500

46,500

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

1,000

Ordinary

£1

1,000

1

Ordinary B

£1

1

1,001

The Ordinary B share holds no voting rights

10.	RELATED PARTY DISCLOSURES

Included within creditors is an amount of £1,729 (2024: £194) due to K J Bolwell, director. No interest has been charged on this balance during the year (2024: £Nil) and there are no set repayment terms.

During the year Green Drake Limited, shareholder, received a management charge of £12,000 (2024: £12,000) from the company. Included within creditors is an amount of £612,871 (2024: £592,921) due to Green Drake Limited. Interest of £31,951 (2024: £30,911) has been charged on this balance during the year at 5.5% (2024: 5.5%)

Included within creditors is an amount of £12,500 (2024: £12,500) due to S L Cloran. No interest has been charged on this balance during the year (2024: £Nil) and there are no set repayment terms. S L Cloran has ultimate control of Green Drake Limited, a shareholder of Defence Logistics Ltd.