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SORAC COURIERS LIMITED

Registered Number
07594224
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

SORAC COURIERS LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

STEVENS, Jeff

Registered Address

Grosvenor House Downcast Way
Swinton
Manchester
M27 8UW

Registered Number

07594224 (England and Wales)
SORAC COURIERS LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets36,1568,208
6,1568,208
Current assets
Debtors100,221100,532
Cash at bank and on hand265,902257,594
366,123358,126
Creditors amounts falling due within one year4(180,119)(127,926)
Net current assets (liabilities)186,004230,200
Total assets less current liabilities192,160238,408
Creditors amounts falling due after one year5(11,787)(32,387)
Net assets180,373206,021
Capital and reserves
Called up share capital11
Profit and loss account180,372206,020
Shareholders' funds180,373206,021
The financial statements were approved and authorised for issue by the Director on 20 December 2024, and are signed on its behalf by:
STEVENS, Jeff
Director
Registered Company No. 07594224
SORAC COURIERS LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Vehicles

Total

££
Cost or valuation
At 01 April 2318,98018,980
At 31 March 2418,98018,980
Depreciation and impairment
At 01 April 2310,77210,772
Charge for year2,0522,052
At 31 March 2412,82412,824
Net book value
At 31 March 246,1566,156
At 31 March 238,2088,208
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables25,04220,221
Bank borrowings and overdrafts10,648-
Taxation and social security17,324147
Other creditors127,105106,158
Accrued liabilities and deferred income-1,400
Total180,119127,926
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts11,78732,387
Total11,78732,387