REGISTERED NUMBER: SC467005 (Scotland)

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

INNOVATIVE LOGISTICS (UK) LIMITED

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

Mrs A Mason

REGISTERED OFFICE:

Level One

211 Dumbarton Road

Mansfield Park

Glasgow

G11 6AA

REGISTERED NUMBER:

SC467005 (Scotland)

ACCOUNTANTS:

Independent Accountants in Scotland Limited

Level One

211 Dumbarton Road

Mansfield Park

Glasgow

G11 6AA

The director presents her report with the financial statements of the company for the year ended 31 January 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of Utility and Civil Engineering Contractor.

The company remains committed to building its reputation within the utility industry through high service and quality standards which has enabled us to gain a strong market position within Scotland.

In the future we are looking to grow our core strengths and increase our market coverage. Working mainly with public sector entities and carefully selected private companies.

DIRECTOR

Mrs A Mason held office during the whole of the period from 1 February 2024 to the date of this report.

INVESTMENT

The company have invested heavily in training and shall continue in the coming years to keep our staff at the forefront of the utility industry.

In the coming year we shall now look to enter different market sectors and enhancing core abilities and deliverables.

HEALTH SAFETY ENVIRONMENT AND QUALITY

The company continues to maintain and build on its excellent HSEQ.

The company has continued to maintain its IMS including its health and safety accreditation.

The company is also registered as a caring employer for mental health.

These IMS, policies and procedures set the standards which make ASJ Ventures Limited a preferred contractor within the utility industry.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mrs A Mason - Director

20 October 2025

TURNOVER

114,210

178,650

Cost of sales

97,105

142,421

GROSS PROFIT

17,105

36,229

Administrative expenses

19,889

41,953

(2,784

)

(5,724

)

Other operating income

1

-

OPERATING LOSS

4

(2,783

)

(5,724

)

Interest payable and similar expenses

1,390

-

LOSS BEFORE TAXATION

(4,173

)

(5,724

)

Tax on loss

-

-

LOSS FOR THE FINANCIAL YEAR

(4,173

)

(5,724

)

FIXED ASSETS

Tangible assets

5

16,311

21,749

CURRENT ASSETS

Stocks

-

11,339

Debtors

6

33,349

150,891

Cash at bank and in hand

213

160

33,562

162,390

CREDITORS

Amounts falling due within one year

7

45,946

156,781

NET CURRENT (LIABILITIES)/ASSETS

(12,384

)

5,609

TOTAL ASSETS LESS CURRENT LIABILITIES

3,927

27,358

CREDITORS

Amounts falling due after more than one year

8

5,743

25,001

NET (LIABILITIES)/ASSETS

(1,816

)

2,357

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(1,916

)

2,257

SHAREHOLDERS' FUNDS

(1,816

)

2,357

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 her 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 20 October 2025 and were signed by:

Mrs A Mason - Director

1.	STATUTORY INFORMATION

Innovative Logistics (UK) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	OPERATING LOSS

The operating loss is stated after charging:

31/1/25

31/1/24

£

£

Depreciation - owned assets

5,438

7,249

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

and 31 January 2025

37,985

DEPRECIATION

At 1 February 2024

16,236

Charge for year

5,438

At 31 January 2025

21,674

NET BOOK VALUE

At 31 January 2025

16,311

At 31 January 2024

21,749

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

£

Trade debtors

30,411

30,411

Other debtors

2,938

120,480

33,349

150,891

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

£

Bank loans and overdrafts

10,000

-

Trade creditors

16,860

39,303

Taxation and social security

(57

)

(57

)

Other creditors

19,143

117,535

45,946

156,781

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/1/25

31/1/24

£

£

Bank loans

5,743

25,001

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

25,001