IRIS Accounts Production v23.1.0.753 11516100 director 1.1.22 31.12.22 31.12.22 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure115161002021-12-31115161002022-12-31115161002022-01-012022-12-31115161002020-12-31115161002021-01-012021-12-31115161002021-12-3111516100ns15:EnglandWales2022-01-012022-12-3111516100ns14:PoundSterling2022-01-012022-12-3111516100ns10:Director12022-01-012022-12-3111516100ns10:PrivateLimitedCompanyLtd2022-01-012022-12-3111516100ns10:SmallEntities2022-01-012022-12-3111516100ns10:AuditExemptWithAccountantsReport2022-01-012022-12-3111516100ns10:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-3111516100ns10:SmallCompaniesRegimeForAccounts2022-01-012022-12-3111516100ns10:FullAccounts2022-01-012022-12-311151610012022-01-012022-12-3111516100ns10:OrdinaryShareClass12022-01-012022-12-3111516100ns10:RegisteredOffice2022-01-012022-12-3111516100ns5:CurrentFinancialInstruments2022-12-3111516100ns5:CurrentFinancialInstruments2021-12-3111516100ns5:Non-currentFinancialInstruments2022-12-3111516100ns5:Non-currentFinancialInstruments2021-12-3111516100ns5:ShareCapital2022-12-3111516100ns5:ShareCapital2021-12-3111516100ns5:RetainedEarningsAccumulatedLosses2022-12-3111516100ns5:RetainedEarningsAccumulatedLosses2021-12-311151610012022-01-012022-12-3111516100ns5:NetGoodwill2022-01-012022-12-3111516100ns5:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3111516100ns5:PlantMachinery2022-01-012022-12-3111516100ns5:ComputerEquipment2022-01-012022-12-3111516100ns5:NetGoodwill2021-12-3111516100ns5:NetGoodwill2022-12-3111516100ns5:NetGoodwill2021-12-3111516100ns5:PlantMachinery2021-12-3111516100ns5:ComputerEquipment2021-12-3111516100ns5:PlantMachinery2022-12-3111516100ns5:ComputerEquipment2022-12-3111516100ns5:PlantMachinery2021-12-3111516100ns5:ComputerEquipment2021-12-3111516100ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3111516100ns5:CurrentFinancialInstrumentsns5:WithinOneYear2021-12-3111516100ns10:OrdinaryShareClass12022-12-3111516100ns5:RetainedEarningsAccumulatedLosses2021-12-3111516100ns5:RetainedEarningsAccumulatedLosses2022-01-012022-12-31
REGISTERED NUMBER: 11516100 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

SBL HAULAGE LIMITED

SBL HAULAGE LIMITED (REGISTERED NUMBER: 11516100)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

SBL HAULAGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: S Larke





REGISTERED OFFICE: 3 Warners Mill
Silks Way
Braintree
Essex
CM7 3GB





REGISTERED NUMBER: 11516100 (England and Wales)





ACCOUNTANTS: PWH Accountancy Ltd
The Counting House
High Street
Lutterworth
Leicestershire
LE17 4AY

SBL HAULAGE LIMITED (REGISTERED NUMBER: 11516100)

BALANCE SHEET
31 DECEMBER 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 72,000 84,000
Tangible assets 6 118,958 148,896
190,958 232,896

CURRENT ASSETS
Debtors 7 19,192 40,042
Cash at bank 31,453 28,682
50,645 68,724
CREDITORS
Amounts falling due within one year 8 273,418 326,640
NET CURRENT LIABILITIES (222,773 ) (257,916 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(31,815

)

(25,020

)

CREDITORS
Amounts falling due after more than one
year

9

-

58,351
NET LIABILITIES (31,815 ) (83,371 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 (31,915 ) (83,471 )
SHAREHOLDERS' FUNDS (31,815 ) (83,371 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

SBL HAULAGE LIMITED (REGISTERED NUMBER: 11516100)

BALANCE SHEET - continued
31 DECEMBER 2022


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 November 2023 and were signed by:





S Larke - Director


SBL HAULAGE LIMITED (REGISTERED NUMBER: 11516100)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

SBL Haulage 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant, Actual results may differ from these estimates.

Turnover
Revenue comprises the fair value of the consideration received or receivable for the rendering of services in the ordinary course of the company's activities. Revenue is shown net of VAT and trade discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities. The amount of revenue is not considered to be reliably measurable until all contingencies relating to the sale have been resolved. The company bases its estimates on historical results, taking into consideration the type of customer, the type of transaction and the specifics of each arrangement.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Computer equipment - 25% on cost

SBL HAULAGE LIMITED (REGISTERED NUMBER: 11516100)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

3. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets
Receivables are stated at amortised cost using the effective interest rate method. A provision for impairment of receivables is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of payment. Receivables are considered for impairment on a case by case basis and any provision is based on the directors' assessment of the amount recoverable on each receivable.

Financial liabilities
The company's financial liabilities include trade and other payables, which are measured at amortised cost using the effective interest rate method. Financial liabilities are recognised when the company becomes a party to the contractual agreements of the instrument. Interest-related charges are recognised as an expense in the period in which they are incurred.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts.

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.

Hire purchase and leasing commitments
Payments under operating leases are charged to the profit and loss account in the year in which they are incurred. Tangible fixed assets acquired under finance leases and hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets over their estimated useful economic lives or, if shorter the lease term. The related obligation, net of future charges, are included in creditors falling due within and after more than one year. The interest element of repayments of finance leases and hire purchase contracts is charged to the profit and loss account over the duration of the lease and represents a constant proportion of the capital balance outstanding, so as to produce a constant periodic rate of charge on the net obligations outstanding in each period.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2021 - 8 ) .

SBL HAULAGE LIMITED (REGISTERED NUMBER: 11516100)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022
and 31 December 2022 120,000
AMORTISATION
At 1 January 2022 36,000
Amortisation for year 12,000
At 31 December 2022 48,000
NET BOOK VALUE
At 31 December 2022 72,000
At 31 December 2021 84,000

6. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2022
and 31 December 2022 257,909 690 258,599
DEPRECIATION
At 1 January 2022 109,272 431 109,703
Charge for year 29,765 173 29,938
At 31 December 2022 139,037 604 139,641
NET BOOK VALUE
At 31 December 2022 118,872 86 118,958
At 31 December 2021 148,637 259 148,896

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 19,192 28,098
Directors' current accounts - 11,944
19,192 40,042

SBL HAULAGE LIMITED (REGISTERED NUMBER: 11516100)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Other loans 33,420 44,410
Hire purchase contracts 68,625 86,449
Trade creditors 35,484 37,066
Tax 15,088 -
Social security and other taxes 11,992 40,503
Pension contributions 1,436 1,573
VAT 105,563 113,264
Directors' current accounts 60 -
Accrued expenses 1,750 3,375
273,418 326,640

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Hire purchase contracts - 58,351

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.22 31.12.21
£    £   
Hire purchase contracts 68,625 144,800

Hire purchase liabilities are secured on related tangible fixed assets.

11. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Retained
earnings
£   

At 1 January 2022 (83,471 )
Profit for the year 80,056
Dividends (28,500 )
At 31 December 2022 (31,915 )

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £28,500 (2021 - £25,000) were paid to the director .

SBL HAULAGE LIMITED (REGISTERED NUMBER: 11516100)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

13. RELATED PARTY DISCLOSURES - continued

As at 31 December 2022, an amount of £60 (2021 - £11,944 owed to the company from the director) was owed from the company to the director. This amount is shown under creditors in the balance sheet

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SBL HAULAGE LIMITED

The following reproduces the text of the report prepared for the director 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 Director 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 SBL Haulage Limited for the year ended 31 December 2022 which comprise the Income Statement, Balance Sheet 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 director of SBL Haulage Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SBL Haulage Limited and state those matters that we have agreed to state to the director of SBL Haulage Limited 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 SBL Haulage Limited and its director for our work or for this report.

It is your duty to ensure that SBL Haulage 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 profit of SBL Haulage Limited. You consider that SBL Haulage 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 SBL Haulage 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.






PWH Accountancy Ltd
The Counting House
High Street
Lutterworth
Leicestershire
LE17 4AY


7 November 2023