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Registered number: 09776679
Cross Country Logistics Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Lukro Ltd
21 Peckover Close
Peterborough
Cambridgeshire
PE2 8UQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09776679
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 61,880 82,507
61,880 82,507
CURRENT ASSETS
Debtors 5 88,340 79,969
Cash at bank and in hand 26,955 9,766
115,295 89,735
Creditors: Amounts Falling Due Within One Year 6 (189,893 ) (201,471 )
NET CURRENT ASSETS (LIABILITIES) (74,598 ) (111,736 )
TOTAL ASSETS LESS CURRENT LIABILITIES (12,718 ) (29,229 )
Creditors: Amounts Falling Due After More Than One Year 7 (57,708 ) (94,207 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,523 ) (12,952 )
NET LIABILITIES (79,949 ) (136,388 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (80,049 ) (136,488 )
SHAREHOLDERS' FUNDS (79,949) (136,388)
Page 1
Page 2
For the year ending 30 September 2024 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
Mr Slawomir Andrzejewicz
Director
29/10/2026
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
Cross Country Logistics Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09776679 . The registered office is 10 Reedland Way, Peterborough, Cambridgeshire, PE7 8EZ.
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. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
2.3. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.4. 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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 25% reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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.
...CONTINUED
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2.6. Taxation - continued
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.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.9. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.10. Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
2.11. Registrar Filing Requirements
Interest income is recognised in the profit and loss using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 3,885 163,438 333 167,656
As at 30 September 2024 3,885 163,438 333 167,656
Depreciation
As at 1 October 2023 1,699 83,156 294 85,149
Provided during the period 547 20,070 10 20,627
As at 30 September 2024 2,246 103,226 304 105,776
Net Book Value
As at 30 September 2024 1,639 60,212 29 61,880
As at 1 October 2023 2,186 80,282 39 82,507
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Page 5
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 77,340 68,969
Other debtors 11,000 11,000
88,340 79,969
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 17,530 18,629
Trade creditors (3,776 ) 486
Bank loans and overdrafts 18,969 17,435
Other creditors 111,386 132,385
Taxation and social security 45,784 32,536
189,893 201,471
Obligations under finance lease and hire purchase contracts of £17,530 (2023: £18,629), due within one year, are secured by the company.
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 15,646 33,176
Bank loans 42,062 61,031
57,708 94,207
Obligations under finance lease and hire purchase contracts of £15,646 (2023: £33,176), due after more than one year, are secured by the company.
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Pension Commitments
The company contributes to a defined contribution scheme for its employees. At the balance sheet date there were outstanding contributions of £nil (2023: £74). This amount is included within other creditors.
10. Related Party Transactions
During the year, the company was loaned monies by Donatas Mauricas. At the balance sheet date, £105,901 (2023: £124,069) was owed to Donatas Mauricas, which is shown within other creditors. No interest has been charged on this loan.
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