Wynwood Logistics Limited 11787019 false 2024-02-01 2025-01-31 2025-01-31 The principal activity of the company is Deveivery of pallestised Goods Digita Accounts Production Advanced 6.30.9574.0 true true 11787019 2024-02-01 2025-01-31 11787019 2025-01-31 11787019 core:HirePurchaseContracts core:CurrentFinancialInstruments 2025-01-31 11787019 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2025-01-31 11787019 core:CurrentFinancialInstruments 2025-01-31 11787019 core:CurrentFinancialInstruments core:WithinOneYear 2025-01-31 11787019 core:Non-currentFinancialInstruments 2025-01-31 11787019 core:Non-currentFinancialInstruments core:AfterOneYear 2025-01-31 11787019 core:FurnitureFittings 2025-01-31 11787019 core:LandBuildings core:OwnedOrFreeholdAssets 2025-01-31 11787019 core:MotorVehicles 2025-01-31 11787019 core:OfficeEquipment 2025-01-31 11787019 core:PlantMachinery 2025-01-31 11787019 bus:SmallEntities 2024-02-01 2025-01-31 11787019 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 11787019 bus:FilletedAccounts 2024-02-01 2025-01-31 11787019 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 11787019 bus:RegisteredOffice 2024-02-01 2025-01-31 11787019 bus:Director1 2024-02-01 2025-01-31 11787019 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 11787019 bus:Agent1 2024-02-01 2025-01-31 11787019 core:ComputerEquipment 2024-02-01 2025-01-31 11787019 core:FurnitureFittings 2024-02-01 2025-01-31 11787019 core:Land 2024-02-01 2025-01-31 11787019 core:LandBuildings core:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 11787019 core:MotorCars 2024-02-01 2025-01-31 11787019 core:MotorVehicles 2024-02-01 2025-01-31 11787019 core:OfficeEquipment 2024-02-01 2025-01-31 11787019 core:PlantMachinery 2024-02-01 2025-01-31 11787019 countries:England 2024-02-01 2025-01-31 11787019 2024-01-31 11787019 core:CostValuation 2024-01-31 11787019 core:FurnitureFittings 2024-01-31 11787019 core:LandBuildings core:OwnedOrFreeholdAssets 2024-01-31 11787019 core:MotorVehicles 2024-01-31 11787019 core:OfficeEquipment 2024-01-31 11787019 core:PlantMachinery 2024-01-31 11787019 2023-02-01 2024-01-31 11787019 2024-01-31 11787019 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-01-31 11787019 core:CurrentFinancialInstruments 2024-01-31 11787019 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 11787019 core:Non-currentFinancialInstruments 2024-01-31 11787019 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 11787019 core:FurnitureFittings 2024-01-31 11787019 core:LandBuildings core:OwnedOrFreeholdAssets 2024-01-31 11787019 core:MotorVehicles 2024-01-31 11787019 core:OfficeEquipment 2024-01-31 11787019 core:PlantMachinery 2024-01-31 iso4217:GBP xbrli:pure

Registration number: 11787019

Wynwood Logistics Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 January 2025

Wynwood Logistics Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 12

Wynwood Logistics Limited

Company Information

Director | Mr Jamie Baptie

Registered office | Telford Way, Stephenson Industrial Estate, Coalville Leicestershire LE67 3HE

Accountants | Andrew Warren Associates Limited 4 Foden Close Loughborough Leicestershire LE11 3YJ

Wynwood Logistics Limited

(Registration number: 11787019)
Balance Sheet as at 31 January 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 695,565 | 506,511
Investments | 5 | 110,000 | 50,000
Other financial assets | 6 | (49,873) | -
|  | 755,692 | 556,511
Current assets |  |  |
Debtors | 7 | 724,814 | 709,348
Cash at bank and in hand |  | 596,368 | 388,018
|  | 1,321,182 | 1,097,366
Creditors: Amounts falling due within one year | 8 | (528,502) | (565,800)
Net current assets |  | 792,680 | 531,566
Total assets less current liabilities |  | 1,548,372 | 1,088,077
Creditors: Amounts falling due after more than one year | 8 | (20,832) | (93,069)
Provisions for liabilities |  | (11,870) | (11,869)
Net assets |  | 1,515,670 | 983,139
Capital and reserves |  |  |
Called up share capital | 9 | 10 | 10
Retained earnings |  | 1,515,660 | 983,129
Shareholders' funds |  | 1,515,670 | 983,139

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 October 2025

Wynwood Logistics Limited

(Registration number: 11787019)
Balance Sheet as at 31 January 2025

......................................... Mr Jamie Baptie Director

Wynwood Logistics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Telford Way,
Stephenson Industrial Estate,
Coalville
Leicestershire
LE67 3HE
England

These financial statements were authorised for issue by the director on 22 October 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Wynwood Logistics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Buildings | 2% per annum
Plant & Machinery | 20% Straight Line
Motor Vehicles | 20% Straight Line
Fixtures & Fittings | 20% Straight Line
Computer Equipment | 20% Straight Line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Wynwood Logistics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Wynwood Logistics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 24 (2024 - 22).

Wynwood Logistics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Plant and machinery £ | Office equipment £
Cost or valuation
At 1 February 2024 | 8,500 | (4,999) | 86,390 | 12,952
At 31 January 2025 | 8,500 | (4,999) | 86,390 | 12,952
Depreciation
At 1 February 2024 | - | (6,540) | 38,212 | 4,295
Charge for the year | - | - | - | -
At 31 January 2025 | - | (6,540) | 38,212 | 4,295
Carrying amount
At 31 January 2025 | 8,500 | 1,541 | 48,178 | 8,657
At 31 January 2024 | 8,500 | 1,611 | 99,852 | 10,945

| Motor vehicles £ | Total £
Cost or valuation
At 1 February 2024 | 578,905 | 681,748
At 31 January 2025 | 578,905 | 681,748
Depreciation
At 1 February 2024 | 141,854 | 177,821
Charge for the year | (191,638) | (191,638)
At 31 January 2025 | (49,784) | (13,817)
Carrying amount
At 31 January 2025 | 628,689 | 695,565
At 31 January 2024 | 385,603 | 506,511

Included within the net book value of land and buildings above is £8,500 (2024 - £8,500) in respect of freehold land and buildings.

5 | Investments

| 2025 £ | 2024 £
Investments in joint ventures | - | 25,000
Investments in associates | 110,000 | 25,000
| 110,000 | 50,000

Wynwood Logistics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Joint ventures | £
Cost
Provision
Carrying amount
At 31 January 2025 | -
At 31 January 2024 | 25,000

Associates | £
Cost
At 1 February 2024 | 110,000
Provision
Carrying amount
At 31 January 2025 | 110,000
At 31 January 2024 | 25,000

Wynwood Logistics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

6 | Other financial assets (current and non-current)

| Financial assets at fair value through profit and loss £ | Total £
Non-current financial assets
Cost or valuation
Impairment
Adjustments resulting from a disposal | 49,873 | 49,873
At 31 January 2025 | 49,873 | 49,873
Carrying amount
At 31 January 2025 | (49,873) | (49,873)

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 677,817 | 488,771
Prepayments | 18,302 | 10,568
Other debtors | 28,695 | 210,009
| 724,814 | 709,348

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 10 | 5,255 | 8,713
Trade creditors |  | 559,170 | 435,752
Taxation and social security |  | 90,715 | 33,649
Accruals and deferred income |  | 24,242 | (134)
Other creditors |  | (150,880) | 87,820
|  | 528,502 | 565,800

Creditors: amounts falling due after more than one year

Wynwood Logistics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 10 | 20,832 | 93,069

9 | Share capital

10 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 13,900 | 23,275
Other borrowings | 6,932 | 69,794
| 20,832 | 93,069

Current loans and borrowings

| 2025 £ | 2024 £
Hire purchase contracts | 5,255 | 8,713

11 | Dividends

|  | 2025 |  | 2024
|  | £ |  | £

12 | Related party transactions

Wynwood Logistics Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Director's remuneration

The director's remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 989 | 99,620
Contributions paid to money purchase schemes | - | 63
| 989 | 99,683