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REGISTERED NUMBER: 12179234 (England and Wales)











Financial Statements

for the Year Ended 31 August 2024

for

S L PACKAGING & TRANSPORT LIMITED

S L PACKAGING & TRANSPORT LIMITED (REGISTERED NUMBER: 12179234)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S L PACKAGING & TRANSPORT LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr W L Hutchinson
Mr S Hutchinson
Mr R A Newport





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 12179234 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

S L PACKAGING & TRANSPORT LIMITED (REGISTERED NUMBER: 12179234)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,500 3,000
Tangible assets 5 42,215 68,436
44,715 71,436

CURRENT ASSETS
Debtors 6 415,552 224,798
Cash at bank 9,432 14,778
424,984 239,576
CREDITORS
Amounts falling due within one year 7 449,518 247,231
NET CURRENT LIABILITIES (24,534 ) (7,655 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,181

63,781

CREDITORS
Amounts falling due after more than one year 8 (9,256 ) (28,298 )

PROVISIONS FOR LIABILITIES (6,936 ) (6,936 )
NET ASSETS 3,989 28,547

CAPITAL AND RESERVES
Called up share capital 9 101 101
Retained earnings 3,888 28,446
SHAREHOLDERS' FUNDS 3,989 28,547

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

S L PACKAGING & TRANSPORT LIMITED (REGISTERED NUMBER: 12179234)

Balance Sheet - continued
31 August 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 14 January 2025 and were signed on its behalf by:





Mr R A Newport - Director


S L PACKAGING & TRANSPORT LIMITED (REGISTERED NUMBER: 12179234)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

S L Packaging & Transport 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, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

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.

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.
Plant and machinery etc - 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.

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.

S L PACKAGING & TRANSPORT LIMITED (REGISTERED NUMBER: 12179234)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

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.

Going concern
These accounts have been prepared on the going concern basis as the directors and shareholders will continue to financially support the company for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 5,000
AMORTISATION
At 1 September 2023 2,000
Charge for year 500
At 31 August 2024 2,500
NET BOOK VALUE
At 31 August 2024 2,500
At 31 August 2023 3,000

S L PACKAGING & TRANSPORT LIMITED (REGISTERED NUMBER: 12179234)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 115,928
Additions 2,221
Disposals (19,995 )
At 31 August 2024 98,154
DEPRECIATION
At 1 September 2023 47,492
Charge for year 17,663
Eliminated on disposal (9,216 )
At 31 August 2024 55,939
NET BOOK VALUE
At 31 August 2024 42,215
At 31 August 2023 68,436

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2023 50,561
Disposals (19,995 )
At 31 August 2024 30,566
DEPRECIATION
At 1 September 2023 23,295
Charge for year 6,816
Eliminated on disposal (9,216 )
At 31 August 2024 20,895
NET BOOK VALUE
At 31 August 2024 9,671
At 31 August 2023 27,266

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 64,508 46,966
Other debtors 351,044 177,832
415,552 224,798

S L PACKAGING & TRANSPORT LIMITED (REGISTERED NUMBER: 12179234)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,000 10,004
Hire purchase contracts 5,797 38,613
Trade creditors 65,895 32,300
Amounts owed to group undertakings 282,423 72,616
Taxation and social security 49,263 31,499
Other creditors 36,140 62,199
449,518 247,231

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 8,249 18,308
Hire purchase contracts 1,007 9,990
9,256 28,298

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1 100 100
1 A Ordinary £1 1 1
101 101

10. RELATED PARTY DISCLOSURES

At the year end included in creditors is an amount due to the directors of £425 (2023: £57,741) due from the directors. Interest is charged on overdue amounts.

11. ULTIMATE CONTROLLING PARTY

The controlling party is W L and S Hutchinson.