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REGISTERED NUMBER: 11308137 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2023

for

SD Couriers (NE) Ltd

SD Couriers (NE) Ltd (Registered number: 11308137)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SD Couriers (NE) Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mr S Wheatley
Mrs M Wheatley





REGISTERED OFFICE: 57 Linburn Drive
Bishop Auckland
Co. Durham
DL14 0RQ





REGISTERED NUMBER: 11308137 (England and Wales)





ACCOUNTANTS: Lyons Watson
Accountants & Business Advisers
Business Central
2 Union Square
Darlington
Co. Durham
DL1 1GL

SD Couriers (NE) Ltd (Registered number: 11308137)

Abridged Balance Sheet
30 April 2023

30/4/23 30/4/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 178,064 110,279

CURRENT ASSETS
Debtors 171,618 109,384
Cash at bank 6,892 37,004
178,510 146,388
CREDITORS
Amounts falling due within one year 140,908 104,043
NET CURRENT ASSETS 37,602 42,345
TOTAL ASSETS LESS CURRENT
LIABILITIES

215,666

152,624

CREDITORS
Amounts falling due after more than one
year

212,888

170,269
NET ASSETS/(LIABILITIES) 2,778 (17,645 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,678 (17,745 )
SHAREHOLDERS' FUNDS 2,778 (17,645 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

SD Couriers (NE) Ltd (Registered number: 11308137)

Abridged Balance Sheet - continued
30 April 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 3 November 2023 and were signed on its behalf by:




Mr S Wheatley - Director



Mrs M Wheatley - Director


SD Couriers (NE) Ltd (Registered number: 11308137)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

SD Couriers (NE) Ltd 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.

The financial statements have been prepared under the going concern basis of accounting. The directors have prepared financial forecasts for the coming year which show that it is appropriate to continue to adopt the going concern policy.

Turnover
Turnover represents the value of work carried out during the year including amounts not yet invoiced, excluding value added tax. Income is being recognised according to the stage of completion of work done.

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.
Fixtures and fittings - 33% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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.

SD Couriers (NE) Ltd (Registered number: 11308137)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2022 135,216
Additions 124,855
Disposals (30,642 )
At 30 April 2023 229,429
DEPRECIATION
At 1 May 2022 24,937
Charge for year 31,593
Eliminated on disposal (5,165 )
At 30 April 2023 51,365
NET BOOK VALUE
At 30 April 2023 178,064
At 30 April 2022 110,279

SD Couriers (NE) Ltd (Registered number: 11308137)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:

Totals
£   
COST
At 1 May 2022 48,468
Additions 62,413
At 30 April 2023 110,881
DEPRECIATION
At 1 May 2022 1,616
Charge for year 15,936
At 30 April 2023 17,552
NET BOOK VALUE
At 30 April 2023 93,329
At 30 April 2022 46,852

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022:

30/4/23 30/4/22
£    £   
Mr S Wheatley and Mrs M Wheatley
Balance outstanding at start of year 51,882 15,409
Amounts advanced 33,602 36,473
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 85,484 51,882

All advances to the director are repayable on demand and interest is charged at the official rate published by HM Revenue and Customs.