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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
Page
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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
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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
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SAS Logistics Contracts Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,297,314 
1,884,504 
Investments
50,000 
- 
2,347,314 
1,884,504 
Current assets
Debtors
951,779 
900,239 
Cash at bank and in hand
818,086 
429,786 
1,769,865 
1,330,025 
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 
Capital and reserves
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
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SAS Logistics Contracts Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 taxation
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.
Leased assets
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.
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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 
Depreciation
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 
Net book value
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
- 
Additions
50,000 
Valuation at 30 June 2024
50,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
816,059 
798,509 
Accrued income and prepayments
28,000 
- 
Other debtors
100,909 
101,730 
944,968 
900,239 
Amounts falling due after more than one year
Other debtors
6,811 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
24,300 
23,696 
VAT
152,143 
92,954 
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 
Other creditors
12,484 
- 
Accruals
2,500 
2,500 
1,043,156 
979,178 
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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 
£ 
£ 
Bank loans
37,474 
56,952 
Obligations under finance leases and hire purchase contracts
724,140 
494,301 
Loans from directors
- 
84,754 
761,614 
636,007 
9
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
245,416 
181,474 
2024 
2023 
£ 
£ 
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 
10
Share capital
2024 
2023 
£ 
£ 
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).
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