Registered number
01536010
Specialised Unit Handling Limited
Filleted Accounts
31 December 2023
Specialised Unit Handling Limited
Registered number: 01536010
Balance Sheet
as at 31 December 2023
Notes 31/12/23 31/3/23
£ £
Fixed assets
Tangible assets 4 29,649 32,068
Investments 5 100 100
29,749 32,168
Current assets
Stocks 10,000 10,000
Debtors 6 106,565 93,392
Cash at bank and in hand 110,803 79,514
227,368 182,906
Creditors: amounts falling due within one year 7 (205,906) (90,829)
Net current assets 21,462 92,077
Total assets less current liabilities 51,211 124,245
Creditors: amounts falling due after more than one year 8 (15,833) (23,333)
Provisions for liabilities (5,633) (6,093)
Net assets 29,745 94,819
Capital and reserves
Called up share capital 6,000 6,000
Profit and loss account 23,745 88,819
Shareholders' funds 29,745 94,819
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr D Grant
Director
Approved by the board on 3 September 2024
Specialised Unit Handling Limited
Notes to the Accounts
for the period from 1 April 2023 to 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 31/12/23 31/3/23
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 15,000
At 31 December 2023 15,000
Amortisation
At 1 April 2023 15,000
At 31 December 2023 15,000
Net book value
At 31 December 2023 -
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 4,160 130,751 77,064 211,975
Additions - 3,100 - 3,100
At 31 December 2023 4,160 133,851 77,064 215,075
Depreciation
At 1 April 2023 4,160 119,515 56,232 179,907
Charge for the period - 1,613 3,906 5,519
At 31 December 2023 4,160 121,128 60,138 185,426
Net book value
At 31 December 2023 - 12,723 16,926 29,649
At 31 March 2023 - 11,236 20,832 32,068
5 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2023 100
At 31 December 2023 100
6 Debtors 31/12/23 31/3/23
£ £
Trade debtors 66,009 72,290
Other debtors 40,556 21,102
106,565 93,392
7 Creditors: amounts falling due within one year 31/12/23 31/3/23
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 126,462 15,614
Taxation and social security costs 26,902 31,804
Other creditors 42,542 33,411
205,906 90,829
8 Creditors: amounts falling due after one year 31/12/23 31/3/23
£ £
Bank loans 15,833 23,333
9 Other information
Specialised Unit Handling Limited is a private company limited by shares and incorporated in England. Its registered office is:
255 Poulton Road
Wallasey
Wirral
Merseyside
CH44 4BT
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