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Registered number: 09325059
PC Logistics (UK) Ltd
Financial Statements
For The Year Ended 30 November 2024
Christie & Co
Certified Public Accountants
Crews Hill Golf Club
Cattlegate Road
Enfield
EN2 8AZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09325059
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 61,590 44,386
Investment Properties 5 274,185 274,185
335,775 318,571
CURRENT ASSETS
Debtors 6 31,742 15,101
Cash at bank and in hand 24,682 34,304
56,424 49,405
Creditors: Amounts Falling Due Within One Year 7 (26,093 ) (20,716 )
NET CURRENT ASSETS (LIABILITIES) 30,331 28,689
TOTAL ASSETS LESS CURRENT LIABILITIES 366,106 347,260
Creditors: Amounts Falling Due After More Than One Year 8 (252,890 ) (238,260 )
NET ASSETS 113,216 109,000
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 113,116 108,900
SHAREHOLDERS' FUNDS 113,216 109,000
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For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Giuseppe Borzellieri
Director
29/11/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
PC Logistics (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09325059 . The registered office is Christie & Co Crews Hill Golf Club, Cattlegate Road, Enfield, EN2 8AZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 December 2023 669 64,321 64,990
Additions - 32,555 32,555
Disposals - (17,531 ) (17,531 )
As at 30 November 2024 669 79,345 80,014
Depreciation
As at 1 December 2023 669 19,935 20,604
Provided during the period - 11,791 11,791
Disposals - (13,971 ) (13,971 )
As at 30 November 2024 669 17,755 18,424
Net Book Value
As at 30 November 2024 - 61,590 61,590
As at 1 December 2023 - 44,386 44,386
5. Investment Property
2024
£
Fair Value
As at 1 December 2023 and 30 November 2024 274,185
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 17,832 5,454
Prepayments and accrued income 8,510 4,505
Other debtors 5,400 -
VAT - 5,142
31,742 15,101
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,469 4,183
Bank loans and overdrafts 10,000 10,000
Corporation tax - 3,133
Other taxes and social security 40 -
VAT 4,036 -
Net wages 1,048 -
Accruals and deferred income 6,500 3,400
26,093 20,716
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 25,880 -
Bank loans 6,667 16,667
Directors loan account 220,343 221,593
252,890 238,260
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 25,880 -
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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