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REGISTERED NUMBER: 12653160 (England and Wales)

















SJP Transport Limited

Financial Statements for the Year Ended 30 June 2023






SJP Transport Limited (Registered number: 12653160)






Contents of the Financial Statements
for the year ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SJP Transport Limited

Company Information
for the year ended 30 June 2023







DIRECTORS: Mr S J Pooley
Mrs R J Pooley





REGISTERED OFFICE: Unit 8 Century Yard
Hedon Road
Hull
East Yorkshire
HU12 8FB





REGISTERED NUMBER: 12653160 (England and Wales)





ACCOUNTANTS: Southgates
Chartered Certified Accountants
9 Market Place
Hedon
East Yorkshire
HU12 8JA

SJP Transport Limited (Registered number: 12653160)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,177,681 944,614

CURRENT ASSETS
Debtors 5 730,376 396,793
Cash at bank 685,728 182,439
1,416,104 579,232
CREDITORS
Amounts falling due within one year 6 1,220,771 889,177
NET CURRENT ASSETS/(LIABILITIES) 195,333 (309,945 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,373,014

634,669

CREDITORS
Amounts falling due after more than one
year

7

(1,019,183

)

(352,972

)

PROVISIONS FOR LIABILITIES (206,318 ) (60,134 )
NET ASSETS 1,147,513 221,563

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,147,413 221,463
SHAREHOLDERS' FUNDS 1,147,513 221,563

SJP Transport Limited (Registered number: 12653160)

Balance Sheet - continued
30 June 2023


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

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

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 17 October 2023 and were signed on its behalf by:





Mr S J Pooley - Director


SJP Transport Limited (Registered number: 12653160)

Notes to the Financial Statements
for the year ended 30 June 2023

1. STATUTORY INFORMATION

SJP Transport 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.

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.

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.
Improvements to leasehold property - Straight line over 5 years
Plant and machinery - Straight line over 3 years
Fixtures and fittings - Straight line over 3 years
Motor vehicles - Straight line over 2 - 5 years
Computer equipment - Straight line over 3 years

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.

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 and 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.

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.

SJP Transport Limited (Registered number: 12653160)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 42 (2022 - 26 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Fixtures
leasehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2022 - - 8,784
Additions 6,351 16,668 20,967
Disposals - - -
At 30 June 2023 6,351 16,668 29,751
DEPRECIATION
At 1 July 2022 - - 2,644
Charge for year 684 2,795 6,476
Eliminated on disposal - - -
At 30 June 2023 684 2,795 9,120
NET BOOK VALUE
At 30 June 2023 5,667 13,873 20,631
At 30 June 2022 - - 6,140

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022 1,076,943 5,693 1,091,420
Additions 1,733,064 10,728 1,787,778
Disposals (30,250 ) - (30,250 )
At 30 June 2023 2,779,757 16,421 2,848,948
DEPRECIATION
At 1 July 2022 142,426 1,736 146,806
Charge for year 518,042 4,239 532,236
Eliminated on disposal (7,775 ) - (7,775 )
At 30 June 2023 652,693 5,975 671,267
NET BOOK VALUE
At 30 June 2023 2,127,064 10,446 2,177,681
At 30 June 2022 934,517 3,957 944,614

Assets held under HP/Finance lease have a net book value of £1,592,068 (2022: £642,247).

SJP Transport Limited (Registered number: 12653160)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 620,553 346,404
Prepayments 109,823 50,389
730,376 396,793

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 15,000 50,000
Hire purchase contracts and finance leases 442,183 185,534
Trade creditors 151,801 164,290
Amounts owed to group undertakings 25,100 100
Tax 168,661 -
Social security and other taxes 47,043 151,880
VAT 271,228 238,860
Other creditors 33,240 20,593
Directors' current accounts 28,875 77,920
Accruals 37,640 -
1,220,771 889,177

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts and finance leases 1,019,183 352,972