REGISTERED NUMBER: 04505375 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 1 OCTOBER 2024 TO 31 MARCH 2026

FOR

RMG LOGISTICS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr R M Grainger

REGISTERED OFFICE:

Unit 46

Kelvin Way Trading Estate

West Bromwich

West Midlands

B70 7TP

REGISTERED NUMBER:

04505375 (England and Wales)

ACCOUNTANTS:

E R Grove & Co Limited

Chartered Accountants

Grove House

Coombs Wood Court

Steel Park Road

Halesowen

West Midlands

B62 8BF

FIXED ASSETS

Tangible assets

4

85,067

112,345

CURRENT ASSETS

Debtors

5

77,986

60,606

Cash at bank and in hand

17,647

28,755

95,633

89,361

CREDITORS

Amounts falling due within one year

6

84,735

73,703

NET CURRENT ASSETS

10,898

15,658

TOTAL ASSETS LESS CURRENT LIABILITIES

95,965

128,003

CREDITORS

Amounts falling due after more than one year

7

(24,724

)

(61,136

)

PROVISIONS FOR LIABILITIES

(37,207

)

(21,044

)

NET ASSETS

34,034

45,823

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

33,934

45,723

SHAREHOLDERS' FUNDS

34,034

45,823

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2026 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 19 May 2026 and were signed by:

Mr R M Grainger - Director

1.	STATUTORY INFORMATION

RMG Logistics 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.

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

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 October 2024

37,754

21,103

228,180

287,037

Additions

-

850

37,800

38,650

Disposals

-

-

(78,199

)

(78,199

)

At 31 March 2026

37,754

21,953

187,781

247,488

DEPRECIATION

At 1 October 2024

33,981

19,756

120,955

174,692

Charge for period

845

639

43,949

45,433

Eliminated on disposal

-

-

(57,704

)

(57,704

)

At 31 March 2026

34,826

20,395

107,200

162,421

NET BOOK VALUE

At 31 March 2026

2,928

1,558

80,581

85,067

At 30 September 2024

3,773

1,347

107,225

112,345

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

Motor

vehicles

£

COST

At 1 October 2024

181,240

Additions

33,800

Disposals

(31,259

)

Transfer to ownership

(15,187

)

At 31 March 2026

168,594

DEPRECIATION

At 1 October 2024

79,939

Charge for period

41,708

Eliminated on disposal

(15,697

)

Transfer to ownership

(12,099

)

At 31 March 2026

93,851

NET BOOK VALUE

At 31 March 2026

74,743

At 30 September 2024

101,301

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2024

£

£

Trade debtors

71,077

54,164

Other debtors

6,909

6,442

77,986

60,606

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2024

£

£

Bank loans and overdrafts

1,666

10,000

Hire purchase contracts

29,482

27,338

Trade creditors

17,784

8,597

Taxation and social security

32,631

23,733

Other creditors

3,172

4,035

84,735

73,703

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2024

£

£

Bank loans

-

6,667

Hire purchase contracts

24,724

54,469

24,724

61,136

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2026 and the year ended 30 September 2024:

2026

2024

£

£

Mr R M Grainger

Balance outstanding at start of period

(1,348

)

(529

)

Amounts advanced

2,666

2,181

Amounts repaid

(3,000

)

(3,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(1,682

)

(1,348

)