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
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
V1 Logistics Ltd
Statement of financial position
as at 27 February 2025
Tangible assets
120,976
40,675
Cash at bank and in hand
232,051
180,628
Creditors: amounts falling due within one year
(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
(66,482)
-
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
V1 Logistics Ltd
Notes to the Accounts
for the period from 1 March 2024 to 27 February 2025
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.
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.
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.
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
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
At 27 February 2025
-
108,831
6,389
5,756
120,976
At 29 February 2024
10,894
30,067
-
(286)
40,675
V1 Logistics Ltd
Notes to the Accounts
for the period from 1 March 2024 to 27 February 2025
Amounts falling due within one year
Accrued income and prepayments
-
1,263
6
Creditors: amounts falling due within one year
2025
2024
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
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).