2017-03-01 03319682 2018-02-28 03319682 2017-03-01 2018-02-28 03319682 2017-02-28 03319682 2016-03-01 2017-02-28 03319682 uk-core:WithinOneYear 2017-02-28 03319682 uk-core:WithinOneYear 2018-02-28 03319682 uk-core:AfterOneYear 2017-02-28 03319682 uk-core:AfterOneYear 2018-02-28 03319682 uk-core:ShareCapital 2018-02-28 03319682 uk-core:ShareCapital 2017-02-28 03319682 uk-core:RetainedEarningsAccumulatedLosses 2018-02-28 03319682 uk-core:RetainedEarningsAccumulatedLosses 2017-02-28 03319682 uk-bus:Director1 2017-03-01 2018-02-28 03319682 uk-core:NetGoodwill 2017-03-01 2018-02-28 03319682 uk-core:CommercialMotorVehicles 2017-03-01 2018-02-28 03319682 uk-core:FurnitureFittings 2017-03-01 2018-02-28 03319682 uk-core:Goodwill 2017-02-28 03319682 uk-core:Goodwill 2018-02-28 03319682 uk-core:Goodwill 2017-03-01 2018-02-28 03319682 uk-core:FurnitureFittings 2017-02-28 03319682 uk-core:CommercialMotorVehicles 2017-02-28 03319682 uk-core:CommercialMotorVehicles 2018-02-28 03319682 uk-core:FurnitureFittings 2018-02-28 03319682 uk-core:WithinOneYear 2018-02-28 03319682 uk-core:WithinOneYear 2017-02-28 03319682 uk-core:AfterOneYear uk-core:Secured 2018-02-28 03319682 uk-core:AfterOneYear uk-core:Secured 2017-02-28 iso4217:GBP 03319682 uk-bus:AuditExemptWithAccountantsReport 2017-03-01 2018-02-28 03319682 uk-bus:FRS102 2017-03-01 2018-02-28 03319682 uk-bus:FullAccounts 2017-03-01 2018-02-28 03319682 uk-bus:PrivateLimitedCompanyLtd 2017-03-01 2018-02-28
AB Logistics Limited
Registered Number:03319682
For the year ended 28 February 2018
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2018
AB Logistics Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
As at 28 February 2018
AB Logistics Limited
Statement of Financial Position
Registered Number :
03319682
£
£
2017
2018
Notes
Fixed assets
Intangible assets
1,600
3,200
2
Property, plant and equipment
3,338
3,868
3
4,938
7,068
Current assets
Inventories
24,975
26,875
4
Trade and other receivables
20,311
17,647
5
13,280
Cash and cash equivalents
3,037
47,559
58,566
Trade and other payables: amounts falling due within one
year
(50,918)
(41,683)
6
7,648
5,876
Net current assets
Total assets less current liabilities
10,814
14,716
Trade and other payables: amounts falling due after more
than one year
(2,403)
-
7
10,814
Net assets
12,313
Capital and reserves
Called up share capital
1
1
Retained earnings
10,813
12,312
10,814
12,313
Shareholders' funds
For the year ended 28 February 2018 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 2018 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 applicable to companies subject to the small companies regime.
Mr Adrian Barnes Director
These financial statements were approved and authorised for issue by the Board on 29 October 2018 and were signed by:
1 of 5
4
For the year ended 28 February 2018
AB Logistics Limited
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 5
5
For the year ended 28 February 2018
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.
Registered address:
1 Ashwood Close
Branton
Doncaster
South Yorkshire
DN3 3UB
The presentation currency is £ sterling.
1. Accounting policies
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:
25% Straight line
Motor vehicles
25% Straight line
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
6
For the year ended 28 February 2018
AB Logistics Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 March 2017
32,000
At 28 February 2018
32,000
Amortisation
At 01 March 2017
28,800
1,600
Charge for year
At 28 February 2018
30,400
Net book value
At 28 February 2018
1,600
At 28 February 2017
3,200
3. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
£
£
£
Cost or
valuation
At 01 March 2017
31,940
12,295
19,645
3,500
-
3,500
Additions
At 28 February 2018
23,145
12,295
35,440
Provision for depreciation and impairment
At 01 March 2017
28,072
11,050
17,022
Charge for year
4,030
531
3,499
At 28 February 2018
32,102
11,581
20,521
At 28 February 2018
Net book value
2,624
714
3,338
At 28 February 2017
2,623
1,245
3,868
4. Inventories
2017
2018
£
£
Stocks
26,875
24,975
4 of 5
7
For the year ended 28 February 2018
AB Logistics Limited
Notes to the Financial Statements Continued
5. Trade and other receivables
2017
2018
£
£
Trade debtors
15,991
18,673
Other debtors
1,656
1,638
20,311
17,647
6. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Bank loans and overdraft
2,195
4,080
Trade creditors
23,247
15,091
Taxation and social security
9,719
22,560
Other creditors
6,522
9,187
41,683
50,918
7. Trade and other payables: amounts falling due after more than one year
2017
2018
£
£
Bank loans and overdraft
-
2,403
5 of 5