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COMPANY REGISTRATION NUMBER: 06393750
SAPPHIRE INTERNATIONAL TRANSPORT LIMITED
UNAUDITED ABRIDGED FINANCIAL STATEMENTS
31 December 2023
SAPPHIRE INTERNATIONAL TRANSPORT LIMITED
ABRIDGED FINANCIAL STATEMENTS
PERIOD FROM 1 OCTOBER 2022 TO 31 DECEMBER 2023
CONTENTS
PAGE
Directors' Report
1
Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements
2
Abridged Statement of Income and Retained Earnings
3
Abridged Statement of Financial Position
4
Notes to the Abridged Financial Statements
6
SAPPHIRE INTERNATIONAL TRANSPORT LIMITED
DIRECTORS' REPORT
PERIOD FROM 1 OCTOBER 2022 TO 31 DECEMBER 2023
The directors present their report and the unaudited abridged financial statements of the company for the period ended 31 December 2023 .
Directors
The directors who served the company during the period were as follows:
Mr M S Dixon
Mrs A J Dixon
Mr M Vedrines
(Resigned 28 September 2023)
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 24 September 2024 and signed on behalf of the board by:
Mr M S Dixon
Mrs A J Dixon
Director
Director
Registered office:
Flint House (1st Floor)
Lower Road
River
Dover
Kent
England
CT17 0LW
SAPPHIRE INTERNATIONAL TRANSPORT LIMITED
CHARTERED CERTIFIED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ABRIDGED FINANCIAL STATEMENTS OF SAPPHIRE INTERNATIONAL TRANSPORT LIMITED
PERIOD FROM 1 OCTOBER 2022 TO 31 DECEMBER 2023
As described on the abridged statement of financial position, the directors of the company are responsible for the preparation of the abridged financial statements for the period ended 31 December 2023, which comprise the abridged statement of income and retained earnings, abridged statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these abridged financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
NEVILLE WESTON Chartered Certified Accountants
3 High Street St Lawrence Ramsgate Kent CT11 0QL
24 September 2024
SAPPHIRE INTERNATIONAL TRANSPORT LIMITED
ABRIDGED STATEMENT OF INCOME AND RETAINED EARNINGS
PERIOD FROM 1 OCTOBER 2022 TO 31 DECEMBER 2023
Period from
1 Oct 22 to
Year to
31 Dec 23
30 Sep 22
Note
£
£
GROSS PROFIT
503,587
461,191
Distribution costs
17,765
9,897
Administrative expenses
435,224
342,978
----------
----------
OPERATING PROFIT
50,598
108,316
----------
----------
PROFIT BEFORE TAXATION
5
50,598
108,316
Tax on profit
9,798
21,165
---------
----------
PROFIT FOR THE FINANCIAL PERIOD AND TOTAL COMPREHENSIVE INCOME
40,800
87,151
---------
----------
Dividends paid and payable
( 270,000)
( 54,158)
RETAINED EARNINGS AT THE START OF THE PERIOD
347,396
314,403
----------
----------
RETAINED EARNINGS AT THE END OF THE PERIOD
118,196
347,396
----------
----------
All the activities of the company are from continuing operations.
SAPPHIRE INTERNATIONAL TRANSPORT LIMITED
ABRIDGED STATEMENT OF FINANCIAL POSITION
31 December 2023
31 Dec 23
30 Sep 22
Note
£
£
£
FIXED ASSETS
Tangible assets
6
23,599
22,149
CURRENT ASSETS
Debtors
381,980
582,028
Cash at bank and in hand
216,065
440,116
----------
-------------
598,045
1,022,144
CREDITORS: amounts falling due within one year
503,348
696,797
----------
-------------
NET CURRENT ASSETS
94,697
325,347
----------
----------
TOTAL ASSETS LESS CURRENT LIABILITIES
118,296
347,496
----------
----------
NET ASSETS
118,296
347,496
----------
----------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
118,196
347,396
----------
----------
SHAREHOLDERS FUNDS
118,296
347,496
----------
----------
These abridged financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the period ending 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.
SAPPHIRE INTERNATIONAL TRANSPORT LIMITED
ABRIDGED STATEMENT OF FINANCIAL POSITION (continued)
31 December 2023
These abridged financial statements were approved by the board of directors and authorised for issue on 24 September 2024 , and are signed on behalf of the board by:
Mr M S Dixon
Mrs A J Dixon
Director
Director
Company registration number: 06393750
SAPPHIRE INTERNATIONAL TRANSPORT LIMITED
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
PERIOD FROM 1 OCTOBER 2022 TO 31 DECEMBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Flint House (1st Floor), Lower Road, River, Dover, Kent, CT17 0LW, England.
2. STATEMENT OF COMPLIANCE
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of Preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Foreign Currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to 7 (2022: 6 ).
5. PROFIT BEFORE TAXATION
Profit before taxation is stated after charging:
Period from
1 Oct 22 to
Year to
31 Dec 23
30 Sep 22
£
£
Depreciation of tangible assets
4,164
3,909
-------
-------
6. TANGIBLE ASSETS
£
Cost
At 1 October 2022
55,408
Additions
5,414
---------
At 31 December 2023
60,822
---------
Depreciation
At 1 October 2022
33,059
Charge for the period
4,164
---------
At 31 December 2023
37,223
---------
Carrying amount
At 31 December 2023
23,599
---------
At 30 September 2022
22,349
---------
7. RELATED PARTY TRANSACTIONS
The ultimate controlling Company is L.I.T. SPEDITIONS GMBH(a Company registered in Germany)