Company Registration No. 12703496 (England and Wales)
SAS Logistics Contracts Ltd
Unaudited accounts
for the year ended 30 June 2024
SAS Logistics Contracts Ltd
Unaudited accounts
Contents
SAS Logistics Contracts Ltd
Company Information
for the year ended 30 June 2024
Director
Adam James Spratt
Company Number
12703496 (England and Wales)
Registered Office
6 Hill Road
Bristol
BS21 7NE
Accountants
Evans Entwistle
10 Fountain Court, Elm House
New Leaze
Bradley Stoke
Bristol
BS32 4LA
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
SAS Logistics Contracts Ltd
for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SAS Logistics Contracts Ltd for the year ended 30 June 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
10 Fountain Court, Elm House
New Leaze
Bradley Stoke
Bristol
BS32 4LA
26 July 2024
SAS Logistics Contracts Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
2,297,314
1,884,504
Cash at bank and in hand
818,086
429,786
Creditors: amounts falling due within one year
(1,043,156)
(979,178)
Net current assets
726,709
350,847
Total assets less current liabilities
3,074,023
2,235,351
Creditors: amounts falling due after more than one year
(761,614)
(636,007)
Provisions for liabilities
Deferred tax
(245,416)
(181,474)
Net assets
2,066,993
1,417,870
Called up share capital
1,000
1,000
Share premium
1,061,527
1,061,527
Profit and loss account
1,004,466
355,343
Shareholders' funds
2,066,993
1,417,870
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 July 2024 and were signed on its behalf by
Adam James Spratt
Director
Company Registration No. 12703496
SAS Logistics Contracts Ltd
Notes to the Accounts
for the year ended 30 June 2024
SAS Logistics Contracts Ltd is a private company, limited by shares, registered in England and Wales, registration number 12703496. The registered office is 6 Hill Road, Bristol, BS21 7NE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that 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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
4 years straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
SAS Logistics Contracts Ltd
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2023
61,544
1,564,385
988,700
170,180
2,784,809
Additions
13,300
1,124,455
475,162
-
1,612,917
Disposals
-
(406,569)
(284,895)
-
(691,464)
At 30 June 2024
74,844
2,282,271
1,178,967
170,180
3,706,262
At 1 July 2023
3,929
693,199
175,790
27,387
900,305
Charge for the year
6,708
384,640
202,607
34,036
627,991
On disposals
-
(105,065)
(14,283)
-
(119,348)
At 30 June 2024
10,637
972,774
364,114
61,423
1,408,948
At 30 June 2024
64,207
1,309,497
814,853
108,757
2,297,314
At 30 June 2023
57,615
871,186
812,910
142,793
1,884,504
5
Investments
Other investments
Valuation at 1 July 2023
-
Valuation at 30 June 2024
50,000
Amounts falling due within one year
Trade debtors
816,059
798,509
Accrued income and prepayments
28,000
-
Other debtors
100,909
101,730
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
24,300
23,696
Obligations under finance leases and hire purchase contracts
320,579
220,139
Trade creditors
397,558
609,469
Taxes and social security
133,592
30,420
SAS Logistics Contracts Ltd
Notes to the Accounts
for the year ended 30 June 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
724,140
494,301
Loans from directors
-
84,754
9
Deferred taxation
2024
2023
Accelerated capital allowances
245,416
181,474
Provision at start of year
181,474
6,986
Charged to the profit and loss account
63,942
174,488
Provision at end of year
245,416
181,474
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
11
Average number of employees
During the year the average number of employees was 10 (2023: 10).