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Company Registration No. 13201536 (England and Wales)
V1 Logistics Ltd Unaudited accounts for the period from 1 March 2024 to 27 February 2025
V1 Logistics Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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V1 Logistics Ltd Company Information for the period from 1 March 2024 to 27 February 2025
Director
Steven John Maine
Company Number
13201536 (England and Wales)
Registered Office
College Farm, Lords Bridge King's Lynn Norfolk PE34 3BW England
Accountants
Ratnam Accountants 203 Kilburn High Road London NW6 7HY
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V1 Logistics Ltd Statement of financial position as at 27 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
120,976
40,675
Current assets
Debtors
5
-
43,429
Cash at bank and in hand
232,051
180,628
232,051
224,057
Creditors: amounts falling due within one year
6
(172,067)
(181,097)
Net current assets
59,984
42,960
Total assets less current liabilities
180,960
83,635
Creditors: amounts falling due after more than one year
7
(66,482)
-
Net assets
114,478
83,635
Capital and reserves
Called up share capital
100
1
Profit and loss account
114,378
83,634
Shareholders' funds
114,478
83,635
For the period ending 27 February 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 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 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 and authorised for issue on 28 November 2025 and were signed on its behalf by
Steven John Maine Director Company Registration No. 13201536
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V1 Logistics Ltd Notes to the Accounts for the period from 1 March 2024 to 27 February 2025
1
Statutory information
V1 Logistics Ltd is a private company, limited by shares, registered in England and Wales, registration number 13201536. The registered office is College Farm, Lords Bridge, King's Lynn, Norfolk, PE34 3BW, England.
2
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
25% reducing balance
Motor vehicles
15% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% Straight line method
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2024
11,607
39,287
-
2,158
53,052
Additions
-
97,970
8,519
7,674
114,163
At 27 February 2025
11,607
137,257
8,519
9,832
167,215
Depreciation
At 1 March 2024
713
9,220
-
2,444
12,377
Charge for the period
10,894
19,206
2,130
1,632
33,862
At 27 February 2025
11,607
28,426
2,130
4,076
46,239
Net book value
At 27 February 2025
-
108,831
6,389
5,756
120,976
At 29 February 2024
10,894
30,067
-
(286)
40,675
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V1 Logistics Ltd Notes to the Accounts for the period from 1 March 2024 to 27 February 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
-
1,263
Other debtors
-
42,166
-
43,429
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
41,047
27,741
Obligations under finance leases and hire purchase contracts
22,482
-
Trade creditors
37,540
88,567
Taxes and social security
4,987
11,559
Loans from directors
19,211
11,430
Accruals
46,800
41,800
172,067
181,097
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
66,482
-
8
Average number of employees
During the period the average number of employees was 3 (2024: 3).
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