Registered number
04794192
SFM LOGISTICS LIMITED
Unaudited Filleted Accounts
31 July 2024
SFM LOGISTICS LIMITED
Registered number: 04794192
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 14,536 31,482
Current assets
Debtors 4 47,743 50,585
Cash at bank and in hand 1,556 9,828
49,299 60,413
Creditors: amounts falling due within one year 5 (31,737) (27,849)
Net current assets 17,562 32,564
Total assets less current liabilities 32,098 64,046
Creditors: amounts falling due after more than one year 6 - (6,080)
Net assets 32,098 57,966
Capital and reserves
Called up share capital 4 4
Profit and loss account 32,094 57,962
Shareholders' funds 32,098 57,966
The director is 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 director acknowledges his 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 S F M Albanese
Director
Approved by the board on 1 October 2024
SFM LOGISTICS LIMITED
Notes to the Accounts
for the year ended 31 July 2024
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 rendering of services. 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 evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Motor vehicles 20% reducing balance
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. Unrelieved tax losses are recognised only to the extent that it is probable that they will be recovered against the reversal of future taxable profits.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 11 14
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2023 29,054 35,770 64,824
Additions 3,389 - 3,389
Disposals - (21,596) (21,596)
At 31 July 2024 32,443 14,174 46,617
Depreciation
At 1 August 2023 22,892 10,450 33,342
Charge for the year 1,910 1,724 3,634
On disposals - (4,895) (4,895)
At 31 July 2024 24,802 7,279 32,081
Net book value
At 31 July 2024 7,641 6,895 14,536
At 31 July 2023 6,162 25,320 31,482
4 Debtors 2024 2023
£ £
Trade debtors 47,743 50,585
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,809 -
Obligations under finance lease and hire purchase contracts - 7,295
Trade creditors 1,490 2,030
Taxation and social security costs 7,424 13,892
Other creditors 19,014 4,632
31,737 27,849
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts - 6,080
7 Other information
SFM LOGISTICS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Unit 69 North Mersey Business Park
Woodward Road
Liverpool
Merseyside
L33 7UY
SFM LOGISTICS LIMITED 04794192 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts July 2024 Mr S F M Albanese No description of principal activity 04794192 2022-08-01 2023-07-31 04794192 core:WithinOneYear 2023-07-31 04794192 core:AfterOneYear 2023-07-31 04794192 core:ShareCapital 2023-07-31 04794192 core:RetainedEarningsAccumulatedLosses 2023-07-31 04794192 2023-08-01 2024-07-31 04794192 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04794192 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 04794192 bus:Director40 2023-08-01 2024-07-31 04794192 1 2023-08-01 2024-07-31 04794192 2 2023-08-01 2024-07-31 04794192 core:PlantMachinery 2023-08-01 2024-07-31 04794192 core:Vehicles 2023-08-01 2024-07-31 04794192 countries:England 2023-08-01 2024-07-31 04794192 bus:FRS102 2023-08-01 2024-07-31 04794192 bus:FilletedAccounts 2023-08-01 2024-07-31 04794192 2024-07-31 04794192 core:WithinOneYear 2024-07-31 04794192 core:AfterOneYear 2024-07-31 04794192 core:ShareCapital 2024-07-31 04794192 core:RetainedEarningsAccumulatedLosses 2024-07-31 04794192 core:PlantMachinery 2024-07-31 04794192 core:Vehicles 2024-07-31 04794192 2023-07-31 04794192 core:PlantMachinery 2023-07-31 04794192 core:Vehicles 2023-07-31 iso4217:GBP xbrli:pure