REGISTERED NUMBER: 09906818 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Artel Logistics Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J A Morrissey

B J Morrissey

M Bradbury

REGISTERED OFFICE:

Fiboard House

5 Oakleigh Gardens

London

N20 9AB

REGISTERED NUMBER:

09906818 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,738,311

1,264,168

Investment property

5

1,045,955

-

2,784,266

1,264,168

CURRENT ASSETS

Debtors

6

47,525

208,796

Cash at bank and in hand

65,550

189,364

113,075

398,160

CREDITORS

Amounts falling due within one year

7

1,606,673

421,254

NET CURRENT LIABILITIES

(1,493,598

)

(23,094

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,290,668

1,241,074

CREDITORS

Amounts falling due after more than one year

8

(88,798

)

(120,519

)

PROVISIONS FOR LIABILITIES

(387,372

)

(280,490

)

NET ASSETS

814,498

840,065

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

814,298

839,865

SHAREHOLDERS' FUNDS

814,498

840,065

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 September 2026 and were signed on its behalf by:

B J Morrissey - Director

Mrs J A Morrissey - Director

M Bradbury - Director

1.	STATUTORY INFORMATION

Artel 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 as modified by the revaluation of certain assets.

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.

Plant and machinery

-

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors and director's loans.

Director's loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income Retained Earnings.

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.

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.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2025

2,558,218

Additions

947,696

Disposals

(57,257

)

At 31 December 2025

3,448,657

DEPRECIATION

At 1 January 2025

1,294,050

Charge for year

434,578

Eliminated on disposal

(18,282

)

At 31 December 2025

1,710,346

NET BOOK VALUE

At 31 December 2025

1,738,311

At 31 December 2024

1,264,168

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

1,045,955

At 31 December 2025

1,045,955

NET BOOK VALUE

At 31 December 2025

1,045,955

Fair value at 31 December 2025 is represented by:

£

Valuation in 2025

1,045,955

If investment property had not been revalued it would have been included at the following historical cost:

31.12.25

31.12.24

£

£

Cost

1,045,955

-

Investment property was valued on an open market basis on 31 December 2025 by Mrs J Morrissey,a director of the Company .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

42,100

208,796

Other debtors

5,425

-

47,525

208,796

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

78,890

78,917

Trade creditors

173,494

58,116

Amounts owed to participating interests

1,250,016

170,560

Taxation and social security

82,361

93,192

Other creditors

21,912

20,469

1,606,673

421,254

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

88,798

120,519

9.	RELATED PARTY DISCLOSURES

At 31 December 2025 the company owed £8,500 to the directors of the company (2024 - £8,500). No interest has been charged to the company in respect of this loan which is repayable on demand and classified in creditors due within one year.

There are companies that have some common directors and shareholders with this company and at 31 December 2025 these companies are owed £1,250,016 (2024 - £170,560) by the company. No interest has been charged to the company in respect of these amounts owed which are repayable on demand and classified in creditors due within one year.