Caseware UK (AP4) 2023.0.135 2023.0.135 2023-05-312023-05-313logistics and storage2022-06-01false1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13415253 2022-06-01 2023-05-31 13415253 2021-05-24 2022-05-31 13415253 2023-05-31 13415253 2022-05-31 13415253 c:Director1 2022-06-01 2023-05-31 13415253 d:CurrentFinancialInstruments 2023-05-31 13415253 d:CurrentFinancialInstruments 2022-05-31 13415253 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 13415253 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 13415253 d:ShareCapital 2023-05-31 13415253 d:ShareCapital 2022-05-31 13415253 d:RetainedEarningsAccumulatedLosses 2023-05-31 13415253 d:RetainedEarningsAccumulatedLosses 2022-05-31 13415253 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-05-31 13415253 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-05-31 13415253 c:FRS102 2022-06-01 2023-05-31 13415253 c:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 13415253 c:FullAccounts 2022-06-01 2023-05-31 13415253 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 13415253










SPECIALIST PROJECT LOGISTICS LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2023

 
SPECIALIST PROJECT LOGISTICS LTD
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OFSPECIALIST PROJECT LOGISTICS LTD
FOR THE YEAR 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 Specialist Project Logistics Ltd for the year 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 to us.
 

This report is made solely to the director of Specialist Project Logistics Ltd in accordance with the terms of our agreement. Our work has been undertaken solely to prepare for your approval the financial statements of Specialist Project Logistics Ltd and state those matters that we have agreed to state to him in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Specialist Project Logistics Ltd and its  director for our work or for this report.
 
 
It is your duty to ensure that Specialist Project Logistics Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and loss. You consider that Specialist Project Logistics Ltd is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Specialist Project Logistics 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.





Shipleys Tax Planning

16 August 2024
Page 1

 
SPECIALIST PROJECT LOGISTICS LTD
REGISTERED NUMBER: 13415253

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
  
23,945
12,015

Cash at bank and in hand
  
438
27

  
24,383
12,042

Creditors: amounts falling due within one year
  
(58,682)
(35,640)

Net current liabilities
  
 
 
(34,299)
 
 
(23,598)

Total assets less current liabilities
  
(34,299)
(23,598)

  

Net liabilities
  
(34,299)
(23,598)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(34,399)
(23,698)

  
(34,299)
(23,598)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 comprehensive income 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 16 August 2024.




Mir Amjad Alikhan
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SPECIALIST PROJECT LOGISTICS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Specialist Project Logistics Ltd is a company domiciled in England & Wales, registration number 13415253. The registered office is Unit 13, Delta Court Second Avenue Sky Business Park, Finningley, Doncaster, DN9 3GN.

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.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

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.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
SPECIALIST PROJECT LOGISTICS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
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.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 1).


4.


Debtors

2023
2022
£
£


Trade debtors
21,345
11,915

Amounts owed by group undertakings
2,600
100
Page 4

 
SPECIALIST PROJECT LOGISTICS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

4.Debtors (continued)


23,945
12,015



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
438
27

438
27



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
11,961
7,845

Amounts owed to group undertakings
17,290
17,290

Other taxation and social security
16,270
3,208

Other creditors
11,361
5,497

Accruals and deferred income
1,800
1,800

58,682
35,640



7.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
438
27




Financial assets measured at fair value through profit or loss comprise of cash at bank and in hand.


8.


Related party transactions

During the year the director Mir Amjad Alikhan loaned the company £5,864 (2022: £5,497). At the balance sheet date other creditors included £11,361 (2022: £5,497) as amounts owed to the director.
There was no movement during the year in the intercompany balance with fellow subsidiary General Catering Ltd. At the balance sheet date other creditors included £17,290 
(2022: £17,290) as amounts owed to General Catering Ltd.

Page 5

 
SPECIALIST PROJECT LOGISTICS LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

9.


Controlling party

The company is ultimately controlled by the director Mir Amjad Alikhan.


Page 6