White Glove Logistics Limited
|
Registered number: |
06626550
|
Balance Sheet as at 31 December 2021
|
Notes |
31.12.21 |
30.06.20 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
- |
|
|
700 |
Current assets |
Debtors |
4 |
|
- |
|
|
3,956 |
Cash at bank and in hand |
|
|
- |
|
|
310 |
|
|
|
- |
|
|
4,266 |
Creditors: amounts falling due within one year |
5 |
|
(4,576) |
|
|
(19,049) |
Net current liabilities |
|
|
|
(4,576) |
|
|
(14,783) |
Net liabilities |
|
|
|
(4,576) |
|
|
(14,083) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
(4,676) |
|
|
(14,183) |
Shareholder's funds |
|
|
|
(4,576) |
|
|
(14,083) |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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The member has not required the company to obtain an audit in accordance with section 476 of the Act.
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The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
|
|
|
Mr S.C. Tose |
Director |
Approved by the board on 8 March 2022
|
|
White Glove Logistics Limited
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Notes to the Accounts |
for the period from 1 July 2020 to 31 December 2021
|
|
1 |
Accounting policies |
|
|
Basis of preparation and cessation of trade |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the Standard). The company decided to extend its accounting period end to 31st December 2021 in this period as it ceased trading on that date. The comparative amounts in these accounts are therefore not entirley comparable.
|
|
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Turnover and discontinued oprations |
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Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed. The company ceased trading on 31st December 2021 and all turnover in this period is from discontinued operations. The director intends to apply for the company to be struck off the register at companies house.
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|
|
Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
|
|
|
Plant and Machinery |
5 years straight line basis |
|
Motor Vehicles |
6 years straight line basis |
|
|
Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
|
|
|
|
Grants |
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Grants are recognised using the accrual model per section 24 of FRS102. Revenue grants appear as other operating income on a sytematic basis over the period the company expects to incur the related costs the grant is intended to compensate for. |
|
|
Leased assets |
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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 on a straight line basis.
|
|
|
2 |
Employees |
2021 |
|
2020 |
Number |
Number |
|
Average number of persons employed by the |
|
company (including director) during the period |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
Plant and Machinery |
|
Motor Vehicles |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 July 2020 |
3,139 |
|
13,885 |
|
17,024 |
|
Disposals |
(3,139) |
|
(13,885) |
|
(17,024) |
|
At 31 December 2021 |
- |
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2020 |
2,815 |
|
13,509 |
|
16,324 |
|
Charge for the period |
324 |
|
26 |
|
350 |
|
On disposals |
(3,139) |
|
(13,535) |
|
(16,674) |
|
At 31 December 2021 |
- |
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2021 |
- |
|
- |
|
- |
|
At 30 June 2020 |
324 |
|
376 |
|
700 |
|
|
|
|
|
|
|
|
|
|
4 |
Debtors |
31.12.21 |
30.06.20 |
£ |
£ |
|
Trade debtors |
- |
|
2,770 |
|
Other debtors |
- |
|
1,186 |
|
|
|
|
|
|
- |
|
3,956 |
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
31.12.21 |
30.06.20 |
£ |
£ |
|
Bank loan and overdraft |
- |
|
11,436 |
|
Trade creditors |
- |
|
635 |
|
Taxes and social security costs |
- |
|
1,468 |
|
Director's loan account |
4,576 |
|
4,119 |
|
Accruals |
- |
|
1,391 |
|
|
|
|
|
|
4,576 |
|
19,049 |
|
|
|
|
|
|
|
|
|
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6 |
Other information |
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White Glove Logistics Limited is a private company limited by shares and incorporated in England. Its registered office is : 17 Marsh Grove, Edgerton, Huddersfield, England, HD3 3AG |
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The financial statements are presented in Sterling, which is the functional currency of the company. |