Registered number
06626550
White Glove Logistics Limited
Information for Filing with The Registrar of Companies
For the Year Ended
30 June 2019
White Glove Logistics Limited
Registered number: 06626550
Balance Sheet as at 30 June 2019
Notes 2019 2018
£ £
Fixed assets
Tangible assets 3 2,312 5,131
Current assets
Debtors 4 3,465 2,551
Cash at bank and in hand 13 11
3,478 2,562
Creditors: amounts falling due within one year 5 (22,380) (27,678)
Net current liabilities (18,902) (25,116)
Total assets less current liabilities (16,590) (19,985)
Creditors: amounts falling due after one year 6 - (1,200)
Net liabilities (16,590) (21,185)
Capital and reserves
Called up share capital 100 100
Profit and loss account (16,690) (21,285)
Shareholder's funds (16,590) (21,185)
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.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
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.
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 23 December 2019
White Glove Logistics Limited
Notes to the Accounts
for the year ended 30 June 2019
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Turnover
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.
Tangible fixed assets
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
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.
Leased assets
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 2019 2018
Number Number
Average number of persons employed by the
company (including director) during the year 3 3
3 Tangible fixed assets
Plant and Machinery Motor Vehicles Total
£ £ £
Cost
At 1 July 2018 3,139 20,385 23,524
Disposals - (6,500) (6,500)
At 30 June 2019 3,139 13,885 17,024
Depreciation
At 1 July 2018 1,878 16,515 18,393
Charge for the year 505 2,314 2,819
On disposals - (6,500) (6,500)
At 30 June 2019 2,383 12,329 14,712
Net book value
At 30 June 2019 756 1,556 2,312
At 30 June 2018 1,261 3,870 5,131
4 Debtors 2019 2018
£ £
Trade debtors 849 275
Other debtors 2,616 2,276
3,465 2,551
5 Creditors: amounts falling due within one year 2019 2018
£ £
Bank loan and overdraft 15,651 17,268
Trade creditors 729 912
Taxes and social security costs 1,019 -
Other creditors 2,262 5,956
Accruals 2,719 3,542
22,380 27,678
6 Creditors: amounts falling due after one year 2019 2018
£ £
Bank loan - 1,200
7 Other financial commitments 2019 2018
£ £
Total future minimum payments under non-cancellable operating leases 5,270 2,100
8 Other information
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
The financial statements are presented in Sterling, which is the functional currency of the company.
White Glove Logistics Limited 06626550 false 2018-07-01 2019-06-30 2019-06-30 VT Final Accounts July 2019 Mr S.C. Tose No description of principal activity 06626550 2017-07-01 2018-06-30 06626550 core:WithinOneYear 2018-06-30 06626550 core:AfterOneYear 2018-06-30 06626550 core:ShareCapital 2018-06-30 06626550 core:RetainedEarningsAccumulatedLosses 2018-06-30 06626550 core:AllPeriods 2018-06-30 06626550 2018-07-01 2019-06-30 06626550 bus:PrivateLimitedCompanyLtd 2018-07-01 2019-06-30 06626550 bus:AuditExemptWithAccountantsReport 2018-07-01 2019-06-30 06626550 bus:Director40 2018-07-01 2019-06-30 06626550 core:PlantMachinery 2018-07-01 2019-06-30 06626550 core:Vehicles 2018-07-01 2019-06-30 06626550 countries:England 2018-07-01 2019-06-30 06626550 bus:FRS102 2018-07-01 2019-06-30 06626550 bus:FullAccounts 2018-07-01 2019-06-30 06626550 2019-06-30 06626550 core:WithinOneYear 2019-06-30 06626550 core:AfterOneYear 2019-06-30 06626550 core:ShareCapital 2019-06-30 06626550 core:RetainedEarningsAccumulatedLosses 2019-06-30 06626550 core:PlantMachinery 2019-06-30 06626550 core:Vehicles 2019-06-30 06626550 core:AllPeriods 2019-06-30 06626550 2018-06-30 06626550 core:PlantMachinery 2018-06-30 06626550 core:Vehicles 2018-06-30 iso4217:GBP xbrli:pure