Last Mile Logistic Solutions Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 11764441 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Last Mile Logistic Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C Hardy

P Lambert

REGISTERED OFFICE:

Haverton Hill Offshore Base

Haverton Hill

Stockton on Tees

TS23 1PZ

REGISTERED NUMBER:

11764441 (England and Wales)

ACCOUNTANTS:

Anderson Barrowcliff Limited

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

231,672

260,336

231,672

260,336

CURRENT ASSETS

Stocks

425

Debtors

6

667,248

811,131

Cash at bank

39,880

29,811

707,553

841,367

CREDITORS

Amounts falling due within one year

7

675,872

818,358

NET CURRENT ASSETS

31,681

23,009

TOTAL ASSETS LESS CURRENT
LIABILITIES

263,353

283,345

CREDITORS

Amounts falling due after more than one
year

8

368,291

517,309

NET LIABILITIES

(104,938

)

(233,964

)

CAPITAL AND RESERVES

Called up share capital

9

38

Share premium

75,670

Retained earnings

(180,646

)

(309,672

)

SHAREHOLDERS' FUNDS

(104,938

)

(233,964

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 22 April 2026 and were signed on its behalf by:

C Hardy - Director

1.	STATUTORY INFORMATION

Last Mile Logistic Solutions Limited 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.

The accounts have been prepared on a going concern basis despite the balance sheet showing negative total reserves of £104,938. The company entered into a Creditors Voluntary Arrangement on 15 October 2024. The ability of the company to continue as a going concern depends on the future trading prospects and continued financial support of the directors and other creditors who have confirmed that they will continue to support the company for the foreseeable future and will not look to withdraw amounts owed to them to the detriment of the company's ability to trade.

If the company were unable to continue as a going concern, the financial statements would have to be adjusted to write down assets to their recoverable amounts, and to provide for any additional losses or liabilities that might arise and to reclassify fixed assets and long term creditors as current assets and current liabilities. No such adjustments have been made in these financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

25% on cost

Plant and machinery

-

25% on cost

Motor vehicles

-

Straight line over 6 years

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial assets and liabilities are initially recorded at transaction price.

Changes in the fair value of derivatives that are designated and qualify as fair value are recognised in profit or loss immediately, together with any changes in the fair value of the asset or liability.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2024 - 56 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2025

and 31 December 2025

1,000

AMORTISATION

At 1 January 2025

and 31 December 2025

1,000

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

COST

At 1 January 2025

22,052

45,510

236,450

6,062

310,074

Additions

-

7,650

34,000

1,448

43,098

Disposals

-

(13,500

)

-

(13,500

)

At 31 December 2025

22,052

53,160

256,950

7,510

339,672

DEPRECIATION

At 1 January 2025

4,751

19,097

21,659

4,231

49,738

Charge for year

5,513

13,290

41,688

1,585

62,076

Eliminated on disposal

-

(3,814

)

-

(3,814

)

At 31 December 2025

10,264

32,387

59,533

5,816

108,000

NET BOOK VALUE

At 31 December 2025

11,788

20,773

197,417

1,694

231,672

At 31 December 2024

17,301

26,413

214,791

1,831

260,336

Included in the fixed asset register are assets costing £222,950 with a net book value of £173,251 which are held under hire purchase agreements.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

532,570

688,014

Other debtors

134,678

123,117

667,248

811,131

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Hire purchase contracts

41,018

42,702

Trade creditors

148,945

127,659

Taxation and social security

92,053

130,683

Other creditors

393,856

517,314

675,872

818,358

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Hire purchase contracts

66,291

107,309

Other creditors

302,000

410,000

368,291

517,309

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

3,805

Ordinary

£0.01

38

10.	CONTINGENT LIABILITIES

The company entered into a Creditors Voluntary Agreement on 15 October 2024. The company paid contributions of £72,000 in the year and the liability as at 31 December 2025 is £410,000.

If there should be a default in the agreement, the creditor position would increase. Also, the forecasted contributions can change depending on company performance and any change will be reviewed and provided for each year until agreement is completed.