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REGISTERED NUMBER: 06462959 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Sayers Road Tankers Engineering
Limited

Sayers Road Tankers Engineering
Limited (Registered number: 06462959)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sayers Road Tankers Engineering
Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: C Sayer





REGISTERED OFFICE: Tutin Road
Leeming Bar Industrial Estate
NORTHALLERTON
North Yorkshire
DL7 9UJ





REGISTERED NUMBER: 06462959 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

Sayers Road Tankers Engineering
Limited (Registered number: 06462959)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 197,348 157,135

CURRENT ASSETS
Stocks 5 2,046,035 1,705,728
Debtors 6 1,768,469 2,102,813
Cash in hand 19 19
3,814,523 3,808,560
CREDITORS
Amounts falling due within one year 7 2,846,901 3,114,726
NET CURRENT ASSETS 967,622 693,834
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,164,970

850,969

CREDITORS
Amounts falling due after more than one
year

8

(51,852

)

(148,741

)

PROVISIONS FOR LIABILITIES 10 (20,096 ) -
NET ASSETS 1,093,022 702,228

CAPITAL AND RESERVES
Called up share capital 11 202 202
Retained earnings 1,092,820 702,026
SHAREHOLDERS' FUNDS 1,093,022 702,228

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

Sayers Road Tankers Engineering
Limited (Registered number: 06462959)

Balance Sheet - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 February 2024 and were signed by:





C Sayer - Director


Sayers Road Tankers Engineering
Limited (Registered number: 06462959)

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

1. STATUTORY INFORMATION

Sayers Road Tankers Engineering 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from this standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

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 companies under common control.

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Income recognition
Turnover is recognised when goods are dispatched or made available to the customer or by reference to the stage of completion of services being rendered.

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 property - Straight line over 7 years
Plant and machinery - Straight line over 7 years
Fixtures and fittings - Straight line over 7 years
Motor vehicles - Straight line over 7 years

Tangible fixed assets are held at cost less accumulated depreciation.

Stock and work in progress
Stock is valued at the lower of cost and net realisable value. Work in progress is valued at the cost incurred for parts and at the value of the work done to the relevant stage of completion for labour. Where losses are anticipated, then full provision is made.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.


Sayers Road Tankers Engineering
Limited (Registered number: 06462959)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year 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 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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2022 - 31 ) .

Sayers Road Tankers Engineering
Limited (Registered number: 06462959)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2022 406,816 315,763 71,538 13,847 807,964
Additions - 123,217 2,566 - 125,783
Disposals - (6,950 ) - - (6,950 )
At 31 October 2023 406,816 432,030 74,104 13,847 926,797
DEPRECIATION
At 1 November 2022 313,197 257,930 71,538 8,164 650,829
Charge for year 53,962 28,862 105 821 83,750
Eliminated on disposal - (5,130 ) - - (5,130 )
At 31 October 2023 367,159 281,662 71,643 8,985 729,449
NET BOOK VALUE
At 31 October 2023 39,657 150,368 2,461 4,862 197,348
At 31 October 2022 93,619 57,833 - 5,683 157,135

5. STOCKS
2023 2022
£    £   
Stocks 642,257 636,647
Work-in-progress 1,403,778 1,069,081
2,046,035 1,705,728

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 229,441 1,015,018
Amounts owed by related undertakings 1,510,900 1,071,536
Other debtors 9,182 55
Prepayments and accrued income 18,946 16,204
1,768,469 2,102,813

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 222,746 501,603
Trade creditors 870,744 958,659
Taxation and social security 663,636 734,324
Other creditors 33,389 24,831
Accruals and deferred income 1,056,386 895,309
2,846,901 3,114,726

Sayers Road Tankers Engineering
Limited (Registered number: 06462959)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 51,852 81,889
Bank loans - 2-5 years - 66,852
51,852 148,741

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft 133,857 420,714

The bank overdraft is secured by a fixed and floating charge over the assets of the company.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 20,096 -

Deferred
tax
£   
Accelerated capital allowances 20,096
Balance at 31 October 2023 20,096

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
101 Ordinary £1 101 101
101 A ordinary £1 101 101
202 202

The "A" shares shall constitute a different class of shares for the purposes of the Companies Act 2006 but shall, save as otherwise provided for, confer upon the holders thereof the sames rights and rank pari passu in all respects except that the "A" shares do not have voting rights and the director shall be entitled to pay such different dividend of the "A" shares as they shall from time to time decide. The "A" shares are also repayable at par.

12. CONTINGENT LIABILITIES

There is a cross guarantee in place between Sayers Road Tanker Rentals Limited and Sayers Road Tankers Engineering Limited in respect of their banking facilities. There is also a cross guarantee in place between Sayers Road Tankers Engineering Limited and Sayers Property Investments Limited in respect of their bank loans. At the balance sheet date Sayers Property Investments Limited had bank loans of £580,508.