AAI Logistics Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 05935476 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

AAI LOGISTICS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A L Butcher

J A Carmody

REGISTERED OFFICE:

c/o CBHC Ltd

Steeple House, Suite 3, First Floor

Church Lane

Chelmsford

Essex

CM1 1NH

REGISTERED NUMBER:

05935476 (England and Wales)

ACCOUNTANTS:

CBHC Limited

Suite 3, Steeple House

Church Lane

Chelmsford

Essex

CM1 1NH

FIXED ASSETS

Tangible assets

4

326

445

CURRENT ASSETS

Stocks

124,151

-

Debtors

5

555,615

1,148,609

Cash at bank

391,870

245,217

1,071,636

1,393,826

CREDITORS

Amounts falling due within one year

6

1,039,198

1,147,643

NET CURRENT ASSETS

32,438

246,183

TOTAL ASSETS LESS CURRENT LIABILITIES

32,764

246,628

CREDITORS

Amounts falling due after more than one year

7

21,740

32,094

NET ASSETS

11,024

214,534

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

10,924

214,434

11,024

214,534

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 December 2023 and were signed on its behalf by:

A L Butcher - Director

1.	STATUTORY INFORMATION

AAI Logistics Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

3,079

Disposals

(226

)

At 31 March 2023

2,853

DEPRECIATION

At 1 April 2022

2,634

Charge for year

82

Eliminated on disposal

(189

)

At 31 March 2023

2,527

NET BOOK VALUE

At 31 March 2023

326

At 31 March 2022

445

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/23

31/3/22

£

£

Trade debtors

481,382

1,085,500

Other debtors

74,233

63,109

555,615

1,148,609

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/23

31/3/22

£

£

Bank loans and overdrafts

10,648

10,000

Trade creditors

857,316

1,012,243

Taxation and social security

81,606

124,002

Other creditors

89,628

1,398

1,039,198

1,147,643

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/23

31/3/22

£

£

Bank loans

21,740

32,094

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the director, Mr A Butcher, owed the company £56,504 (2022: £19,189 ), the company owed the director, Mr J Carmody, £76,277 (2022: £50). The balance owed by Mr A Butcher was paid within 9 months of the year end.

9.	RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £821 (2022: £25,168) from AAI Holdings Limited, a company under similar ownership.