Company Registration No. 12519770 (England and Wales)
Multi Channel Logistics Ltd
Unaudited accounts
for the year ended 31 March 2025
Multi Channel Logistics Ltd
Unaudited accounts
Contents
Multi Channel Logistics Ltd
Company Information
for the year ended 31 March 2025
Directors
BERNIE DULLAGHAN
JENNIFER DULLAGHAN
WAYNE DULLAGHAN
Company Number
12519770 (England and Wales)
Registered Office
Unit B1
Graylaw Industrial Estate
Wareing Road
Liverpool
Merseyside
L9 7AU
England
Multi Channel Logistics Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
288,605
209,125
Cash at bank and in hand
1,174,784
793,102
Creditors: amounts falling due within one year
(572,056)
(397,718)
Net current assets
998,837
573,607
Total assets less current liabilities
1,287,442
782,732
Creditors: amounts falling due after more than one year
(162,209)
(65,489)
Provisions for liabilities
Net assets
1,053,082
717,243
Called up share capital
100
100
Profit and loss account
1,052,982
717,143
Shareholders' funds
1,053,082
717,243
For the year ending 31 March 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 directors acknowledge their 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 of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by
BERNIE DULLAGHAN
Director
Company Registration No. 12519770
Multi Channel Logistics Ltd
Notes to the Accounts
for the year ended 31 March 2025
Multi Channel Logistics Ltd is a private company, limited by shares, registered in England and Wales, registration number 12519770. The registered office is Unit B1, Graylaw Industrial Estate, Wareing Road, Liverpool, Merseyside, L9 7AU, England.
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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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
20% RB
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Multi Channel Logistics Ltd
Notes to the Accounts
for the year ended 31 March 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
56,369
186,867
3,897
247,133
Additions
158,099
-
-
158,099
Revaluations
(4,826)
-
-
(4,826)
At 31 March 2025
209,642
186,867
3,897
400,406
At 1 April 2024
8,455
28,030
1,523
38,008
Charge for the year
40,237
31,767
1,789
73,793
At 31 March 2025
48,692
59,797
3,312
111,801
At 31 March 2025
160,950
127,070
585
288,605
At 31 March 2024
47,914
158,837
2,374
209,125
Amounts falling due within one year
Trade debtors
312,441
131,780
Accrued income and prepayments
32,485
-
Other debtors
51,183
46,443
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Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
65,271
20,211
Trade creditors
262,101
166,059
Taxes and social security
147,384
131,528
Multi Channel Logistics Ltd
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
162,209
65,489
8
Average number of employees
During the year the average number of employees was 40 (2024: 40).