1 April 2022 false No description of principal activity Taxfiler 2023.10.1 3773639business:PrivateLimitedCompanyLtd2022-04-012023-03-31 37736392022-03-31 37736392022-04-012023-03-31 3773639business:AuditExemptWithAccountantsReport2022-04-012023-03-31 3773639business:FilletedAccounts2022-04-012023-03-31 37736392023-03-31 3773639business:Director12022-04-012023-03-31 3773639business:RegisteredOffice2022-04-012023-03-31 37736392022-03-31 3773639core:WithinOneYear2023-03-31 3773639core:WithinOneYear2022-03-31 3773639core:AfterOneYear2023-03-31 3773639core:AfterOneYear2022-03-31 3773639core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 3773639core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 3773639core:RevaluationReservecore:PreviouslyStatedAmount2023-03-31 3773639core:RevaluationReservecore:PreviouslyStatedAmount2022-03-31 3773639core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 3773639core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 3773639core:PreviouslyStatedAmount2023-03-31 3773639core:PreviouslyStatedAmount2022-03-31 3773639business:SmallEntities2022-04-012023-03-31 3773639countries:EnglandWales2022-04-012023-03-31 3773639core:PlantMachinery2022-04-012023-03-31 3773639core:MotorVehicles2022-04-012023-03-31 3773639core:FurnitureFittings2022-04-012023-03-31 3773639core:ComputerEquipment2022-04-012023-03-31 3773639core:LandBuildings2022-03-31 3773639core:PlantMachinery2022-03-31 3773639core:MotorVehicles2022-03-31 3773639core:FurnitureFittings2022-03-31 3773639core:ComputerEquipment2022-03-31 3773639core:LandBuildings2022-04-012023-03-31 3773639core:LandBuildings2023-03-31 3773639core:PlantMachinery2023-03-31 3773639core:MotorVehicles2023-03-31 3773639core:FurnitureFittings2023-03-31 3773639core:ComputerEquipment2023-03-31 3773639core:AdditionsToInvestments2023-03-31 3773639core:DisposalsRepaymentsInvestments2023-03-31 3773639business:OrdinaryShareClass12022-04-012023-03-31 3773639business:OrdinaryShareClass12021-04-012022-03-31 3773639business:OrdinaryShareClass22022-04-012023-03-31 3773639business:OrdinaryShareClass22021-04-012022-03-31 3773639business:AllOrdinaryShares2022-04-012023-03-31 3773639business:AllOrdinaryShares2021-04-012022-03-31 37736392021-04-012022-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 3773639 (England and Wales)
S&B TRANSPORT LIMITED Unaudited accounts for the year ended 31 March 2023
S&B TRANSPORT LIMITED Unaudited accounts Contents
Page
- 2 -
S&B TRANSPORT LIMITED Company Information for the year ended 31 March 2023
Director
Mr S E Youngman
Company Number
3773639 (England and Wales)
Registered Office
Eclipse House Clay Street Chamberlain Road Hull HU8 8HA United Kingdom
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
- 3 -
S&B TRANSPORT LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,148,704 
1,052,293 
Investments
- 
20,000 
1,148,704 
1,072,293 
Current assets
Debtors
433,042 
312,013 
Cash at bank and in hand
- 
3,983 
433,042 
315,996 
Creditors: amounts falling due within one year
(624,049)
(582,210)
Net current liabilities
(191,007)
(266,214)
Total assets less current liabilities
957,697 
806,079 
Creditors: amounts falling due after more than one year
(356,954)
(392,632)
Provisions for liabilities
Deferred tax
(126,184)
(110,488)
Net assets
474,559 
302,959 
Capital and reserves
Called up share capital
4,819 
4,819 
Revaluation reserve
123,528 
- 
Profit and loss account
346,212 
298,140 
Shareholders' funds
474,559 
302,959 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 June 2023 and were signed on its behalf by
Mr S E Youngman Director Company Registration No. 3773639
- 4 -
S&B TRANSPORT LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
S&B TRANSPORT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 3773639. The registered office is Eclipse House, Clay Street, Chamberlain Road, Hull, HU8 8HA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
Motor vehicles
7%
Fixtures & fittings
15%
Computer equipment
33%
Depreciation Charge in year
During the year due to strong demand for second hand vehicles, the depreciation charge for this year has been reviewed and adjusted to reflect that most trucks owned have not fallen in value like they would in a normal year. It is expected that next year the values will return to normal.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. 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 against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
- 5 -
S&B TRANSPORT LIMITED Notes to the Accounts for the year ended 31 March 2023
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Investments
Investments in shares are included at fair value.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At valuation 
At cost 
At cost 
At cost 
At cost 
At 1 April 2022
311,472 
39,465 
884,406 
78,685 
6,996 
1,321,024 
Additions
- 
- 
101,375 
22,273 
501 
124,149 
Revaluations
123,528 
- 
- 
- 
- 
123,528 
Disposals
- 
(4,241)
(222,804)
- 
- 
(227,045)
At 31 March 2023
435,000 
35,224 
762,977 
100,958 
7,497 
1,341,656 
Depreciation
At 1 April 2022
- 
8,085 
240,442 
13,226 
6,978 
268,731 
Charge for the year
- 
659 
64,192 
13,436 
183 
78,470 
On disposals
- 
(4,241)
(150,008)
- 
- 
(154,249)
At 31 March 2023
- 
4,503 
154,626 
26,662 
7,161 
192,952 
Net book value
At 31 March 2023
435,000 
30,721 
608,351 
74,296 
336 
1,148,704 
At 31 March 2022
311,472 
31,380 
643,964 
65,459 
18 
1,052,293 
Following a commercial valuation, the property was revalued in the year end 31st March 2023 to £435,000, the original cost was £311,472.
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 April 2022
20,000 
Additions
483 
Disposals
(20,483)
Valuation at 31 March 2023
- 
- 6 -
S&B TRANSPORT LIMITED Notes to the Accounts for the year ended 31 March 2023
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
164,818 
238,059 
Amounts due from group undertakings etc.
117,483 
- 
Accrued income and prepayments
84,554 
73,954 
Other debtors
66,187 
- 
433,042 
312,013 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
73,412 
47,226 
Obligations under finance leases and hire purchase contracts
99,292 
66,337 
Trade creditors
95,880 
414,275 
Amounts owed to group undertakings and other participating interests
129,547 
- 
Taxes and social security
66,084 
53,706 
Other creditors
159,834 
63 
Loans from directors
- 
307 
Accruals
- 
296 
624,049 
582,210 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
158,058 
197,649 
Obligations under finance leases and hire purchase contracts
198,896 
194,983 
356,954 
392,632 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
4,720 Ordinary shares of £1 each
4,720 
4,720 
99 B Shares of £1 each
99 
99 
4,819 
4,819 
10
Transactions with related parties
As at 31st March 2023 the company was due the following amounts from Group companies: SEY Distribution Limited £17,483 SEY Group £100,000 As at 31st March 2023 the company owed £129,547 to The Eclipse Motor Transport Company Limited, a company within the group. As at 31st March 2023 the company was due £66,187 from Drypool Freight Services Limited, a company owned by SEY Transport Limited. As at 31st March 2023 the company owed £159,394 to SEY Transport Limited, a company owned by Mr S Youngman.
- 7 -
S&B TRANSPORT LIMITED Notes to the Accounts for the year ended 31 March 2023
11
Controlling party
SEY Distribution Limited Eclipse House Clay Street, Chamberlain Road, Hull, East Yorkshire, HU8 8HD
12
Average number of employees
During the year the average number of employees was 12 (2022: 12).
- 8 -