Logistic Partners (MTD) Limited

Contents
	Page
Balance Sheet	1—2
Statement of Changes in Equity	3
Notes to the Financial Statements	4—7

Registered number: 06921572

		2017		2016
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	6		13,106		15,373

			13,106		15,373
CURRENT ASSETS
Stocks	7	35,454		73,279
Debtors	8	455,806		414,289
Cash at bank and in hand		151,293		136,343

		642,553		623,911
Creditors: Amounts Falling Due Within One Year	9	(581,140 )		(488,414 )

NET CURRENT ASSETS (LIABILITIES)			61,413		135,497

TOTAL ASSETS LESS CURRENT LIABILITIES			74,519		150,870

Creditors: Amounts Falling Due After More Than One Year	10		-		(109,035 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	11		(1,768 )		-

NET ASSETS			72,751		41,835

CAPITAL AND RESERVES
Called up share capital	12		10,000		10,000
Profit and loss account			62,751		31,835

SHAREHOLDERS' FUNDS			72,751		41,835

Page 1

Balance Sheet (continued)

As at 30 June 2017

For the year ending 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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.

On behalf of the board

Mr John Strong

28 September 2017

	Share Capital	Profit & Loss Account	Total
	£	£	£
As at 1 July 2015	10,000	26,743	36,743
Profit for the year and total comprehensive income	-	5,092	5,092

As at 30 June 2016 and 1 July 2016	10,000	31,835	41,835


Profit for the year and total comprehensive income	-	30,916	30,916

As at 30 June 2017	10,000	62,751	72,751

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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	20% straight line
Fixtures & Fittings	20% straight line

1.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value.

1.5. Deferred Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

1.6. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.

3. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2017	2016
	£	£
Wages and salaries	565,419	563,205
Social security costs	22,496	7,317
Other pension costs	9,338	9,000

	597,253	579,522

Page 4

Logistic Partners (MTD) Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 30 June 2017

4. Average number of employees

Average number of employees, including directors, during the year was as follows:

	2017	2016
Office and administration	10	10
Sales, marketing and distribution	12	12

	22	22

6. Tangible Assets


	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 July 2016	7,636	17,530	25,166
Additions	-	2,548	2,548

As at 30 June 2017	7,636	20,078	27,714

Depreciation
As at 1 July 2016	2,634	7,159	9,793
Provided during the period	1,527	3,288	4,815

As at 30 June 2017	4,161	10,447	14,608

Net Book Value
As at 30 June 2017	3,475	9,631	13,106

As at 1 July 2016	5,002	10,371	15,373

7. Stocks

	2017	2016
	£	£
Stock - finished goods	35,454	73,279

	35,454	73,279

8. Debtors

	2017	2016
	£	£
Due within one year
Trade debtors	438,986	403,547
Prepayments and accrued income	12,227	8,027
Other debtors	4,593	2,715

	455,806	414,289

Page 5

Logistic Partners (MTD) Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 30 June 2017

9. Creditors: Amounts Falling Due Within One Year

	2017	2016
	£	£
Trade creditors	107,276	107,299
Other taxes and social security	302,408	306,944
Other creditors	171,456	74,171

	581,140	488,414

10. Creditors: Amounts Falling Due After More Than One Year

	2017	2016
	£	£
Other creditors	-	109,035

11. Deferred Taxation

	2017	2016
	£	£
Deferred taxation	1,768	-


Deferred tax	1,768	-

The provision for deferred taxation is made up of accelerated capital allowances

12. Share Capital

	Value	Number	2017	2016
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	10000	10,000	10,000

13. Related Party Transactions

Logistic Holdings (MTD) Limited

J Strong, C Strong and D King are also directors of Logistic Holdings (MTD) Limited.

At the year end, the comany owed £30,000 (2016 £53,986) to Logistic Holdings (MTD) Limited.

T29 Logistic Partners Limited

C Strong and D King are also directors of T29 Logistic Partners Limited.

At the year end the company owed £109,035 (2016 £109,035) to T29 Logistic Partners Limited.

14. Ultimate Controlling Party

The company's ultimate controlling party is J Strong by virtue of his ownership of 100% of the issued share capital in the company.

Page 6

Logistic Partners (MTD) Limited

Notes to the Unaudited Accounts (continued)

For The Year Ended 30 June 2017

15. General Information

Logistic Partners (MTD) Limited Registered number 06921572 is a limited by shares company incorporated in England & Wales. The Registered Office is MTD Group Distribution Centre, Stapleford Tawney, Romford, Essex, RM4 1SJ.