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Registered number: 12377723
Kranlee Logistics Limited
Financial Statements
For The Year Ended 31 December 2025
Gravitate Accounting
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12377723
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 31,014 -
Tangible Assets 5 16,364 19,300
47,378 19,300
CURRENT ASSETS
Debtors 6 421,619 577,334
Cash at bank and in hand 131,308 167,183
552,927 744,517
Creditors: Amounts Falling Due Within One Year 7 (474,522 ) (601,649 )
NET CURRENT ASSETS (LIABILITIES) 78,405 142,868
TOTAL ASSETS LESS CURRENT LIABILITIES 125,783 162,168
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,844 ) (4,825 )
NET ASSETS 113,939 157,343
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 113,839 157,243
SHAREHOLDERS' FUNDS 113,939 157,343
Page 1
Page 2
For the year ending 31 December 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
K Mosley
Director
21st October 2026
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Kranlee Logistics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12377723 . The registered office is Office 1, Markham Lane, Markham Vale, Chesterfield, S44 5HY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% Straight line
Computer Equipment 20% Straight line
2.4. Financial Instruments
Debtors and creditors with no stated interest rate, and repayable within one year are recorded at transaction price. Any losses arising
from impairment are recognised in the profit or loss account within overheads
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2024: 8)
8 8
4. Intangible Assets
Other
£
Cost
As at 1 January 2025 -
Additions 35,785
As at 31 December 2025 35,785
Amortisation
As at 1 January 2025 -
Provided during the period 4,771
As at 31 December 2025 4,771
Net Book Value
As at 31 December 2025 31,014
As at 1 January 2025 -
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2025 21,472 15,127 36,599
Additions 575 241 816
As at 31 December 2025 22,047 15,368 37,415
Depreciation
As at 1 January 2025 10,083 7,216 17,299
Provided during the period 1,942 1,810 3,752
As at 31 December 2025 12,025 9,026 21,051
Net Book Value
As at 31 December 2025 10,022 6,342 16,364
As at 1 January 2025 11,389 7,911 19,300
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 379,218 522,856
Prepayments and accrued income 710 3,461
Other debtors 41,493 51,017
Amounts owed by group undertakings 198 -
421,619 577,334
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 365,070 401,136
Taxation and social security 46,401 55,826
Other creditors 46,608 91,564
Directors' loan accounts 2,089 -
Amounts owed to group undertakings 14,354 -
Amounts owed to related parties - 53,123
474,522 601,649
8. Share Capital
2025 2024
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 1.00 each 100 100
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 14,844 21,600
14,844 21,600
10. Related Party Transactions
The company has taken advantage of exemption conferred by FRS 102 S33,1A, removing the requirement to disclose transactions between group members.
All balances are unsecured, interest free and repayable on demand.
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