Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-312022-06-01truetruetrueNo description of principal activity22 11695521 2022-06-01 2023-05-31 11695521 2021-06-01 2022-05-31 11695521 2023-05-31 11695521 2022-05-31 11695521 c:Director2 2022-06-01 2023-05-31 11695521 d:ComputerSoftware 2023-05-31 11695521 d:ComputerSoftware 2022-05-31 11695521 d:CurrentFinancialInstruments 2023-05-31 11695521 d:CurrentFinancialInstruments 2022-05-31 11695521 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 11695521 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 11695521 d:ShareCapital 2023-05-31 11695521 d:ShareCapital 2022-05-31 11695521 d:RetainedEarningsAccumulatedLosses 2023-05-31 11695521 d:RetainedEarningsAccumulatedLosses 2022-05-31 11695521 c:EntityNoLongerTradingButTradedInPast 2022-06-01 2023-05-31 11695521 c:FRS102 2022-06-01 2023-05-31 11695521 c:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 11695521 c:FullAccounts 2022-06-01 2023-05-31 11695521 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 11695521 e:PoundSterling 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 11695521










SF 3PL Ltd (formerly Spheratrix Ltd)








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 May 2023





 
SF 3PL Ltd
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of SF 3PL Ltd for the period ended 31 May 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SF 3PL Ltd for the period ended 31 May 2023 which comprise  the 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 at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of SF 3PL Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of SF 3PL Ltd  and state those matters that we have agreed to state to the Board of directors of SF 3PL Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SF 3PL Ltd and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that SF 3PL Ltd 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 SF 3PL Ltd. You consider that SF 3PL Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of SF 3PL Ltd. 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.

  



Kreston Reeves LLP
 
Chartered Accountants
  
Montague Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QU
25 January 2024
Page 1

 
SF 3PL Ltd
Registered number: 11695521

Balance sheet
As at 31 May 2023

2023
2022
Note
£
£

  

Current assets
  

Cash at bank and in hand
  
1,168
2,208

  
1,168
2,208

Creditors: amounts falling due within one year
 4 
(243,300)
(244,100)

Net current liabilities
  
 
 
(242,132)
 
 
(241,892)

Total assets less current liabilities
  
(242,132)
(241,892)

  

Net liabilities
  
(242,132)
(241,892)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(242,232)
(241,992)

  
(242,132)
(241,892)


For the period ended 31 May 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 January 2024.




W Selfe
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
SF 3PL Ltd
 

 
Notes to the financial statements
For the period ended 31 May 2023

1.


General information

SF 3PL Ltd (formerly Spheratrix Ltd) is a private company limited by shares and is incorporated in England and Wales with the registration number 11695521. The address of the company's registered office and principle place of business is 5 Javelin Way, Ashford, TN24 8DE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Going concern

The financial statements have been prepared on a going concern basis. The company is fully supported financially by group entities and taking into consideration the company's planning, the directors have a reasonable expectation that the company and group will continue in operational existence for the foreseeable future. 

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
SF 3PL Ltd
 

 
Notes to the financial statements
For the period ended 31 May 2023

2.Accounting policies (continued)

 
2.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Intangible assets




Brand development

£



Cost


At 1 June 2022
252,963



At 31 May 2023

252,963



Amortisation


At 1 June 2022
252,963



At 31 May 2023

252,963



Net book value



At 31 May 2023
-



At 31 May 2022
-



Page 4

 
SF 3PL Ltd
 

 
Notes to the financial statements
For the period ended 31 May 2023

4.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
243,300
243,300

Other taxation and social security
-
800

243,300
244,100



5.


Related party transactions

The company has taken advantage of the exemption to not disclose group transactions undertaken at market rate. 


6.


Controlling party

The ultimate parent undertaking of the company is Forza International Group Limited, a company incorporated in England and Wales, where the ultimate controlling party is L N Smith by virtue of his 75% shareholding. 

Page 5