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REGISTERED NUMBER: 10117978 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SPECIALIST LOGISTICS SERVICES LIMITED

SPECIALIST LOGISTICS SERVICES LIMITED (REGISTERED NUMBER: 10117978)






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


SPECIALIST LOGISTICS SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 31 MARCH 2024







DIRECTORS: Mr D K Doherty
Mr H P A Huseyin





REGISTERED OFFICE: Endeavour House Wrest Park
Silsoe
Bedford
Bedfordshire
MK45 4HS





REGISTERED NUMBER: 10117978 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

SPECIALIST LOGISTICS SERVICES LIMITED (REGISTERED NUMBER: 10117978)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 49,279 -
Investments 6 100 100
49,379 100

CURRENT ASSETS
Debtors 7 249,289 69,620
Cash at bank 6,215 25
255,504 69,645
CREDITORS
Amounts falling due within one year 8 213,573 51,018
NET CURRENT ASSETS 41,931 18,627
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,310

18,727

CREDITORS
Amounts falling due after more than one
year

9

(35,619

)

-

PROVISIONS FOR LIABILITIES (8,974 ) -
NET ASSETS 46,717 18,727

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 46,617 18,627
46,717 18,727

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.

SPECIALIST LOGISTICS SERVICES LIMITED (REGISTERED NUMBER: 10117978)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2024 and were signed on its behalf by:




Mr D K Doherty - Director



Mr H P A Huseyin - Director


SPECIALIST LOGISTICS SERVICES LIMITED (REGISTERED NUMBER: 10117978)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024

1. STATUTORY INFORMATION

Specialist Logistics Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 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 recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - Balance written off in year
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


SPECIALIST LOGISTICS SERVICES LIMITED (REGISTERED NUMBER: 10117978)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 3,400
AMORTISATION
At 1 April 2023
and 31 March 2024 3,400
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

SPECIALIST LOGISTICS SERVICES LIMITED (REGISTERED NUMBER: 10117978)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 1,905 - 7,663 9,568
Additions - 49,500 2,456 51,956
At 31 March 2024 1,905 49,500 10,119 61,524
DEPRECIATION
At 1 April 2023 1,905 - 7,663 9,568
Charge for year - 2,063 614 2,677
At 31 March 2024 1,905 2,063 8,277 12,245
NET BOOK VALUE
At 31 March 2024 - 47,437 1,842 49,279
At 31 March 2023 - - - -

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 49,500
At 31 March 2024 49,500
DEPRECIATION
Charge for year 2,063
At 31 March 2024 2,063
NET BOOK VALUE
At 31 March 2024 47,437

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 100
NET BOOK VALUE
At 31 March 2024 100
At 31 March 2023 100

SPECIALIST LOGISTICS SERVICES LIMITED (REGISTERED NUMBER: 10117978)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 217,050 49,544
Other debtors 1,112 17,203
VAT 27,049 -
Prepayments 4,078 2,873
249,289 69,620

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 8,275 -
Trade creditors 12,553 28,349
Amounts owed to group undertakings 185,484 -
Corporation tax - 21,337
Taxation and social security 463 -
Accrued expenses 6,798 1,332
213,573 51,018

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 35,619 -

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 43,894 -

The secured debts are over the asset under hire purchase and also a charge over shares. .

11. ULTIMATE CONTROLLING PARTY

The controlling party is Reimer Limited.

The ultimate controlling party is Mr Darren Doherty by virtue of his shareholding in Reimer Limited, company number 14705108. Registered office is 260-270 Butterfield, Great Marlings, Luton, Bedfordshire, LU2 8DL.