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REGISTERED NUMBER: 06657750 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Specialised Movers Limited

Specialised Movers Limited (Registered number: 06657750)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Specialised Movers Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs C Shaw
N Shaw
P Simpson





SECRETARY: Mrs C Shaw





REGISTERED OFFICE: 314 Petre Street
Sheffield
South Yorkshire
S4 8LU





REGISTERED NUMBER: 06657750 (England and Wales)





ACCOUNTANTS: Hawson Jefferies
Suite 4
164-170 Queens Road
Sheffield
South Yorkshire
S2 4DH

Specialised Movers Limited (Registered number: 06657750)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,680 8,350
Tangible assets 5 422,455 502,408
429,135 510,758

CURRENT ASSETS
Stocks 224,684 25,937
Debtors 6 663,092 1,152,655
Cash at bank and in hand 94,238 49,038
982,014 1,227,630
CREDITORS
Amounts falling due within one year 7 743,820 835,555
NET CURRENT ASSETS 238,194 392,075
TOTAL ASSETS LESS CURRENT
LIABILITIES

667,329

902,833

CREDITORS
Amounts falling due after more than one
year

8

(10,729

)

(45,419

)

PROVISIONS FOR LIABILITIES (102,276 ) (94,811 )
NET ASSETS 554,324 762,603

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 554,322 762,601
SHAREHOLDERS' FUNDS 554,324 762,603

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Specialised Movers Limited (Registered number: 06657750)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:




N Shaw - Director



Mrs C Shaw - Director


Specialised Movers Limited (Registered number: 06657750)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Specialised Movers 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Specialised Movers Limited (Registered number: 06657750)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

Goodwill
Goodwill acquired in 2010 for £250,000 was subsequently revalued in 2012 to £200,000. This is being depreciated over a ten year period on a straight line basis.

Goodwill purchased in 2019 for £16,700 is being depreciated over a ten year period on a straight line basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 50 (2023 - 46 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 216,700
AMORTISATION
At 1 April 2023 208,350
Charge for year 1,670
At 31 March 2024 210,020
NET BOOK VALUE
At 31 March 2024 6,680
At 31 March 2023 8,350

Cost or valuation at 31 March 2024 is represented by:

Goodwill
£   
Valuation in 2011 250,000
Valuation in 2012 (50,000 )
Valuation in 2019 16,700
216,700

Specialised Movers Limited (Registered number: 06657750)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 128,359 132,770 975,114 1,236,243
Additions - 1,484 47,985 49,469
Disposals - - (57,113 ) (57,113 )
At 31 March 2024 128,359 134,254 965,986 1,228,599
DEPRECIATION
At 1 April 2023 79,632 86,219 567,984 733,835
Charge for year 7,309 7,089 104,312 118,710
Eliminated on disposal - - (46,401 ) (46,401 )
At 31 March 2024 86,941 93,308 625,895 806,144
NET BOOK VALUE
At 31 March 2024 41,418 40,946 340,091 422,455
At 31 March 2023 48,727 46,551 407,130 502,408

6. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 522,659 1,045,476
Other debtors 139,195 105,991
661,854 1,151,467

Amounts falling due after more than one year:
Other debtors 1,238 1,188

Aggregate amounts 663,092 1,152,655

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 153,787 56,292
Hire purchase contracts 34,691 45,966
Trade creditors 85,025 123,148
Taxation and social security 192,143 254,299
Other creditors 278,174 355,850
743,820 835,555

Specialised Movers Limited (Registered number: 06657750)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 10,729 45,419