| Registered Number:03319682 |
For the year ended 28 February 2017
England and Wales
Unaudited Financial Statements
For the year ended 28 February 2017
AB Logistics Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
AB Logistics Limited
Statement of Financial Position
2016
2017
3,200
4,800
2
| Property, plant and equipment |
3,868
5,997
3
7,068
10,797
27,276
24,975
| Trade and other receivables |
38,882
20,311
4
4,673
| Cash and cash equivalents |
13,280
58,566
70,831
| Trade and other payables: amounts falling due within one |
| year |
(52,283)
(50,918)
5
18,548
7,648
Net current assets
| Total assets less current liabilities |
14,716
29,345
| Trade and other payables: amounts falling due after more |
| than one year |
(6,649)
(2,403)
6
12,313
Net assets
22,696
1
1
12,312
22,695
12,313
22,696
Shareholders' funds
| For the year ended 28 February 2017 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 of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
| Mr Adrian Barnes Director |
| These financial statements were approved and authorised for issue by the Board on 25 September 2017 and were signed by: |
1 of 5
For the year ended 28 February 2017
AB Logistics Limited
Statement of Financial Position Continued
| The notes form part of these financial statements |
2 of 5
For the year ended 28 February 2017
AB Logistics Limited
Notes to the Financial Statements
Statutory Information
| AB Logistics Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
| number 03319682. |
1 Ashwood Close
Branton
Doncaster
South Yorkshire
DN3 3UB
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
| Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 20 years. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Motor vehicles
Fixtures and fittings
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
| Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis. |
3 of 5
For the year ended 28 February 2017
AB Logistics Limited
Notes to the Financial Statements Continued
| 2. Intangible fixed assets |
Goodwill
32,000
32,000
27,200
1,600
Charge for year
28,800
3,200
4,800
| 3. Property, plant and equipment |
Motor vehicles
30,914
11,269
19,645
1,026
1,026
-
19,645
12,295
31,940
| Provision for depreciation and impairment |
24,917
10,519
14,398
Charge for year
3,155
531
2,624
28,072
11,050
17,022
2,623
1,245
3,868
5,247
750
5,997
| 4. Trade and other receivables |
2016
2017
18,673
25,817
1,638
13,065
38,882
20,311
4 of 5
For the year ended 28 February 2017
AB Logistics Limited
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2016
2017
4,080
3,880
15,091
33,570
| Taxation and social security |
22,560
10,781
9,187
4,052
50,918
52,283
| 6. Trade and other payables: amounts falling due after more than one year |
2016
2017
2,403
6,649
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