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REGISTERED NUMBER: 13148637 (England and Wales)



















SECURED TRANSPORT LOGISTICS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023






SECURED TRANSPORT LOGISTICS LTD (REGISTERED NUMBER: 13148637)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


SECURED TRANSPORT LOGISTICS LTD (REGISTERED NUMBER: 13148637)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 115,370 73,798

CURRENT ASSETS
Debtors 5 160,835 15,933
Cash at bank 21,420 49,817
182,255 65,750
CREDITORS
Amounts falling due within one year 6 133,204 81,996
NET CURRENT ASSETS/(LIABILITIES) 49,051 (16,246 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,421

57,552

CREDITORS
Amounts falling due after more than one year 7 (58,552 ) (22,056 )

PROVISIONS FOR LIABILITIES (18,869 ) (5,693 )
NET ASSETS 87,000 29,803

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 86,000 28,803
SHAREHOLDERS' FUNDS 87,000 29,803

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

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

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 October 2023 and were signed by:





Mr A T Eastwood - Director


SECURED TRANSPORT LOGISTICS LTD (REGISTERED NUMBER: 13148637)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Secured Transport Logistics Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13148637

Registered office: 71 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The director has a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
Turnover is derived from freight transport services and is recognised when the services have been delivered to the customer. Turnover is recorded at the fair value of the consideration received or receivable, and excludes value added tax and rebates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on reducing balance

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


SECURED TRANSPORT LOGISTICS LTD (REGISTERED NUMBER: 13148637)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 February 2022 74,836 1,040 75,876
Additions 89,945 - 89,945
Disposals (26,600 ) - (26,600 )
At 31 January 2023 138,181 1,040 139,221
DEPRECIATION
At 1 February 2022 1,859 219 2,078
Charge for year 21,502 271 21,773
At 31 January 2023 23,361 490 23,851
NET BOOK VALUE
At 31 January 2023 114,820 550 115,370
At 31 January 2022 72,977 821 73,798

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 February 2022 28,450
Additions 86,945
Disposals (26,600 )
At 31 January 2023 88,795
NET BOOK VALUE
At 31 January 2023 88,795
At 31 January 2022 28,450

SECURED TRANSPORT LOGISTICS LTD (REGISTERED NUMBER: 13148637)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 160,835 14,833
Other debtors - 1,100
160,835 15,933

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 13,231 11,083
Trade creditors 40,371 1,980
Taxation and social security 22,065 12,517
Other creditors 57,537 56,416
133,204 81,996

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 58,552 22,056

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 71,783 33,139

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the director was owed £51,662 (2022 - £16,866) from the company.

Jdm Consultancy Services Limited
A joint shareholder of the company.

Amount owed to the related party at the balance sheet date: £4,500 (2022 - £6,500).

No interest is payable on the loan and there are no agreed repayment terms.

Site,Secure,Fire & Security Limited
A company in which Mr A Eastwood is a director and shareholder.

Amount owed to the related party at the balance sheet date: £Nil (2022 - £31,800).

No interest is payable on the loan and there are no agreed repayment terms.