5 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 24,885 24,885 24,885 1,765 441 442 883 882 1,324 xbrli:pure xbrli:shares iso4217:GBP 12175783 2023-04-01 2024-03-31 12175783 2024-03-31 12175783 2023-03-31 12175783 2022-04-01 2023-03-31 12175783 2023-03-31 12175783 2022-03-31 12175783 bus:Director2 2023-04-01 2024-03-31 12175783 core:WithinOneYear 2024-03-31 12175783 core:WithinOneYear 2023-03-31 12175783 core:AfterOneYear 2024-03-31 12175783 core:AfterOneYear 2023-03-31 12175783 core:ShareCapital 2024-03-31 12175783 core:ShareCapital 2023-03-31 12175783 core:RetainedEarningsAccumulatedLosses 2024-03-31 12175783 core:RetainedEarningsAccumulatedLosses 2023-03-31 12175783 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 12175783 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 12175783 bus:SmallEntities 2023-04-01 2024-03-31 12175783 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 12175783 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 12175783 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12175783 bus:FullAccounts 2023-04-01 2024-03-31 12175783 core:ComputerEquipment 2023-04-01 2024-03-31 12175783 core:ComputerEquipment 2024-03-31 12175783 core:ComputerEquipment 2023-03-31
COMPANY REGISTRATION NUMBER: 12175783
SDL TRANSPORT LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2024
SDL TRANSPORT LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Intangible assets
5
24,885
24,885
Tangible assets
6
882
1,324
--------
--------
25,767
26,209
CURRENT ASSETS
Debtors
7
353,492
479,096
Cash at bank and in hand
36,147
11,784
---------
---------
389,639
490,880
CREDITORS: amounts falling due within one year
8
330,358
497,732
---------
---------
NET CURRENT ASSETS/(LIABILITIES)
59,281
( 6,852)
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
85,048
19,357
CREDITORS: amounts falling due after more than one year
9
14,407
24,304
--------
--------
NET ASSETS/(LIABILITIES)
70,641
( 4,947)
--------
--------
CAPITAL AND RESERVES
Called up share capital fully paid
6
6
Profit and loss account
70,635
( 4,953)
--------
-------
SHAREHOLDERS FUNDS/(DEFICIT)
70,641
( 4,947)
--------
-------
These financial statements have been prepared and delivered 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'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year 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 financial statements .
SDL TRANSPORT LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 15 November 2024 , and are signed on behalf of the board by:
Mr D Curtis
Director
Company registration number: 12175783
SDL TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kitteon House, Kettering Venture Park, Kettering, NN15 6XW.
2. STATEMENT OF COMPLIANCE
These 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 financial statements have been prepared on the historical cost basis and are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 5 (2023: 10 ).
5. INTANGIBLE ASSETS
Development costs
£
Cost
At 1 April 2023 and 31 March 2024
24,885
--------
Amortisation
At 1 April 2023 and 31 March 2024
--------
Carrying amount
At 31 March 2024
24,885
--------
At 31 March 2023
24,885
--------
6. TANGIBLE ASSETS
Equipment
£
Cost
At 1 April 2023 and 31 March 2024
1,765
-------
Depreciation
At 1 April 2023
441
Charge for the year
442
-------
At 31 March 2024
883
-------
Carrying amount
At 31 March 2024
882
-------
At 31 March 2023
1,324
-------
7. DEBTORS
2024
2023
£
£
Trade debtors
92,261
74,316
Other debtors
261,231
404,780
---------
---------
353,492
479,096
---------
---------
8. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
9,687
9,687
Trade creditors
12,301
21,958
Social security and other taxes
56,033
60,456
Other creditors
252,337
405,631
---------
---------
330,358
497,732
---------
---------
9. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
14,407
24,304
--------
--------
10. RELATED PARTY TRANSACTIONS
During the year the company undertook the following transactions with related parties: Directors advanced monies to the company. At 31 March 2024 the amount due to from the company was £ 243,449 (2023 - £ 397,998 ).