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REGISTERED NUMBER: 03254192 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

South Staffs Freight Terminal Limited

South Staffs Freight Terminal Limited (Registered number: 03254192)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

South Staffs Freight Terminal Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mrs S F Whorton-Eales
A W Whorton-Eales





REGISTERED OFFICE: Lynn Lane
Shenstone
Lichfield
Staffordshire
WS14 0ED





REGISTERED NUMBER: 03254192 (England and Wales)





ACCOUNTANTS: Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

South Staffs Freight Terminal Limited (Registered number: 03254192)

Balance Sheet
31 July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 210,093 157,900

CURRENT ASSETS
Stocks 21,099 36,819
Debtors 5 405,301 509,063
Cash at bank 99,134 246,767
525,534 792,649
CREDITORS
Amounts falling due within one year 6 (116,569 ) (305,354 )
NET CURRENT ASSETS 408,965 487,295
TOTAL ASSETS LESS CURRENT
LIABILITIES

619,058

645,195

CREDITORS
Amounts falling due after more than one
year

7

(24,591

)

(39,400

)
NET ASSETS 594,467 605,795

CAPITAL AND RESERVES
Called up share capital 8 1,000 2
Retained earnings 593,467 605,793
SHAREHOLDERS' FUNDS 594,467 605,795

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

South Staffs Freight Terminal Limited (Registered number: 03254192)

Balance Sheet - continued
31 July 2023


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 Board of Directors and authorised for issue on 3 November 2023 and were signed on its behalf by:





A W Whorton-Eales - Director


South Staffs Freight Terminal Limited (Registered number: 03254192)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

South Staffs Freight Terminal 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 - 15% on reducing balance

Plant & Equipment - 20% reducing balance basis.

Motor Vehicles - 20% reducing balance basis.

Fixture and Fittings - 15% reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

South Staffs Freight Terminal Limited (Registered number: 03254192)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 395,947
Additions 126,095
At 31 July 2023 522,042
DEPRECIATION
At 1 August 2022 238,047
Charge for year 73,902
At 31 July 2023 311,949
NET BOOK VALUE
At 31 July 2023 210,093
At 31 July 2022 157,900

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 229,415 180,707
Amounts owed by group undertakings 173,455 12,921
Amounts owed by associates - 283,824
Other debtors 2,431 31,611
405,301 509,063

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,648 9,707
Hire purchase contracts 5,719 5,944
Trade creditors 52,406 42,225
Amounts owed to associates - 212,827
Taxation and social security 43,899 33,871
Other creditors 3,897 780
116,569 305,354

South Staffs Freight Terminal Limited (Registered number: 03254192)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 21,736 32,384
Hire purchase contracts 2,855 7,016
24,591 39,400

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 2

9. ULTIMATE CONTROLLING PARTY

On 1 April 2023 South Staffs Freight Terminal Limited became a wholly owned subsidiary of South Staffs Freight Limited

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
South Staffs Freight Terminal Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of South Staffs Freight Terminal Limited for the year ended 31 July 2023 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of South Staffs Freight Terminal Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of South Staffs Freight Terminal Limited and state those matters that we have agreed to state to the Board of Directors of South Staffs Freight Terminal Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than South Staffs Freight Terminal Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that South Staffs Freight Terminal Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of South Staffs Freight Terminal Limited. You consider that South Staffs Freight Terminal Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of South Staffs Freight Terminal Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


3 November 2023