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Registered number: 07110358
SCH Logistics Solutions Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07110358
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 146,583 117,744
146,583 117,744
CURRENT ASSETS
Debtors 5 258,181 418,673
Cash at bank and in hand 17,760 14,917
275,941 433,590
Creditors: Amounts Falling Due Within One Year 6 (409,311 ) (511,778 )
NET CURRENT ASSETS (LIABILITIES) (133,370 ) (78,188 )
TOTAL ASSETS LESS CURRENT LIABILITIES 13,213 39,556
Creditors: Amounts Falling Due After More Than One Year 7 (54,239 ) (84,899 )
NET LIABILITIES (41,026 ) (45,343 )
CAPITAL AND RESERVES
Called up share capital 8 200 200
Share premium account 129,900 129,900
Profit and Loss Account (171,126 ) (175,443 )
SHAREHOLDERS' FUNDS (41,026) (45,343)
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Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Wayne Hackett
Director
04/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
SCH Logistics Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07110358 . The registered office is Unit 11 Outgang Lane, Dinnington, Sheffield, S25 3QZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance or 33% straight line
Motor Vehicles 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2023: 13)
15 13
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 50,320 205,095 255,415
Additions 1,183 83,150 84,333
Disposals (336 ) (48,000 ) (48,336 )
As at 31 March 2024 51,167 240,245 291,412
...CONTINUED
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Depreciation
As at 1 April 2023 31,503 106,168 137,671
Provided during the period 4,768 36,233 41,001
Disposals (195 ) (33,648 ) (33,843 )
As at 31 March 2024 36,076 108,753 144,829
Net Book Value
As at 31 March 2024 15,091 131,492 146,583
As at 1 April 2023 18,817 98,927 117,744
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 234,328 356,631
Other debtors 23,853 62,042
258,181 418,673
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 52,273 25,016
Trade creditors 188,440 265,938
Bank loans and overdrafts 10,000 10,000
Other loans 36,929 83,200
Other creditors 27,677 42,857
Taxation and social security 93,992 84,767
409,311 511,778
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 40,481 23,099
Bank loans 10,981 21,667
Other loans 2,777 40,133
54,239 84,899
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 200 200
9. Ultimate Controlling Party
The directors consider that there is no individual controlling party.
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