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REGISTERED NUMBER: 02662526 (England and Wales)













Unaudited Financial Statements

FOR THE PERIOD

8 October 2022 to 31 December 2022

for

S.L. TRANSPORT (UK) LIMITED

S.L. TRANSPORT (UK) LIMITED (REGISTERED NUMBER: 02662526)






Contents of the Financial Statements
FOR THE PERIOD 8 OCTOBER 2022 TO 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


S.L. TRANSPORT (UK) LIMITED

Company Information
FOR THE PERIOD 8 OCTOBER 2022 TO 31 DECEMBER 2022







Directors: Mr M J Agass
Mr T E Agass
Mr J E Dando





Registered office: 1st Floor Empire Court
30 Museum Street
Warrington
WA1 1HU





Registered number: 02662526 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

S.L. TRANSPORT (UK) LIMITED (REGISTERED NUMBER: 02662526)

Balance Sheet
31 DECEMBER 2022

31.12.22 7.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 77,214 42,629

CURRENT ASSETS
Stocks 4,000 4,000
Debtors 5 422,620 378,992
Cash at bank and in hand 54,755 12,132
481,375 395,124
CREDITORS
Amounts falling due within one year 6 541,480 374,099
NET CURRENT (LIABILITIES)/ASSETS (60,105 ) 21,025
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,109

63,654

CREDITORS
Amounts falling due after more than one
year

7

(46,791

)

(25,913

)

PROVISIONS FOR LIABILITIES 9 (19,294 ) (13,796 )
NET (LIABILITIES)/ASSETS (48,976 ) 23,945

CAPITAL AND RESERVES
Called up share capital 10 60,000 60,000
Retained earnings (108,976 ) (36,055 )
SHAREHOLDERS' FUNDS (48,976 ) 23,945

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2022 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 January 2024 and were signed on its behalf by:





Mr T E Agass - Director


S.L. TRANSPORT (UK) LIMITED (REGISTERED NUMBER: 02662526)

Notes to the Financial Statements
FOR THE PERIOD 8 OCTOBER 2022 TO 31 DECEMBER 2022

1. STATUTORY INFORMATION

S.L. Transport (UK) 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on cost and at varying rates on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in nonconvertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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 or 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.

S.L. TRANSPORT (UK) LIMITED (REGISTERED NUMBER: 02662526)

Notes to the Financial Statements - continued
FOR THE PERIOD 8 OCTOBER 2022 TO 31 DECEMBER 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 22 (2022 - 21 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 8 October 2022 4,000 41,796 89,714 135,510
Additions - 750 45,250 46,000
Disposals - - (18,350 ) (18,350 )
At 31 December 2022 4,000 42,546 116,614 163,160
DEPRECIATION
At 8 October 2022 - 30,892 54,652 85,544
Charge for period - 3,294 8,164 11,458
Eliminated on disposal - - (11,056 ) (11,056 )
At 31 December 2022 - 34,186 51,760 85,946
NET BOOK VALUE
At 31 December 2022 4,000 8,360 64,854 77,214
At 7 October 2022 4,000 10,904 35,062 49,966

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Fixtures
and
fittings
£   
COST
At 8 October 2022
and 31 December 2022 17,176
DEPRECIATION
At 8 October 2022
and 31 December 2022 9,016
NET BOOK VALUE
At 31 December 2022 8,160
At 7 October 2022 8,160

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 7.10.22
£    £   
Trade debtors 315,056 370,242
Amounts owed by group undertakings 52,289 -
Other debtors 55,275 8,750
422,620 378,992

S.L. TRANSPORT (UK) LIMITED (REGISTERED NUMBER: 02662526)

Notes to the Financial Statements - continued
FOR THE PERIOD 8 OCTOBER 2022 TO 31 DECEMBER 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 7.10.22
£    £   
Hire purchase contracts 10,333 -
Trade creditors 126,619 176,879
Taxation and social security 40,135 66,158
Other creditors 364,393 131,062
541,480 374,099

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.22 7.10.22
£    £   
Hire purchase contracts 25,444 -
Other creditors 21,347 25,913
46,791 25,913

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.22 7.10.22
£    £   
Hire purchase contracts 35,777 -
Invoice discounting creditor 298,774 -
334,551 -

The invoice discounting creditor is secured against the assets of the Company.

9. PROVISIONS FOR LIABILITIES
31.12.22 7.10.22
£    £   
Deferred tax 19,294 13,796

Deferred
tax
£   
Balance at 8 October 2022 13,796
Provided during period 5,498
Balance at 31 December 2022 19,294

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 7.10.22
value: £    £   
20,000 Ordinary 1 20,000 20,000
40,000 Ordinary 1 40,000 40,000
60,000 60,000