REGISTERED NUMBER: 13931439 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2025

FOR

256 LOGISTICS LTD

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

DIRECTOR:

L K Lubega

REGISTERED OFFICE:

Unit 7, Courtyard 31

Pontefract Road

Normanton

WF6 1JU

REGISTERED NUMBER:

13931439 (England and Wales)

ACCOUNTANTS:

Smith Turner Chartered Accountants

Unit 7, Courtyard 31

Pontefract Road

Normanton

WF6 1JU

FIXED ASSETS

Tangible assets

4

41,974

49,332

CURRENT ASSETS

Debtors

5

3,787

3,787

CREDITORS

Amounts falling due within one year

6

(65,702

)

(51,890

)

NET CURRENT LIABILITIES

(61,915

)

(48,103

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(19,941

)

1,229

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(19,942

)

1,228

(19,941

)

1,229

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th December 2025 and were signed by:

L K Lubega - Director

1.	STATUTORY INFORMATION

256 Logistics Ltd is a private company, limited by shares , registered in England and Wales. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

20% on reducing balance

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2024 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st March 2024

63,055

Additions

3,135

Transfer to ownership

5,560

At 28th February 2025

71,750

DEPRECIATION

At 1st March 2024

13,723

Charge for year

10,493

Transfer to ownership

5,560

At 28th February 2025

29,776

NET BOOK VALUE

At 28th February 2025

41,974

At 29th February 2024

49,332

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1st March 2024

and 28th February 2025

6,950

DEPRECIATION

At 1st March 2024

1,390

Transfer to ownership

5,560

At 28th February 2025

6,950

NET BOOK VALUE

At 28th February 2025

-

At 29th February 2024

5,560

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/25

29/2/24

£

£

Trade debtors

3,787

3,787

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/25

29/2/24

£

£

Bank loans and overdrafts

427

510

Hire purchase contracts

-

927

Taxation and social security

35,502

5,165

Other creditors

29,773

45,288

65,702

51,890

7.	RELATED PARTY DISCLOSURES

Included within creditors is an amount of £45,288 owing to the director of the company. No interest is charged to the company in respect of this amount and there are no fixed terms for repayment.