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REGISTERED NUMBER: 10142274 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

SVS Logistics Limited

SVS Logistics Limited (Registered number: 10142274)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SVS Logistics Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: V Shah
Mrs S Shah





REGISTERED OFFICE: 110 Carlton Avenue East
Wembley
Middlesex
HA9 8LY





REGISTERED NUMBER: 10142274 (England and Wales)





ACCOUNTANTS: MohanRed & Co
110 Carlton Avenue East
Wembley
Middlesex
HA9 8LY

SVS Logistics Limited (Registered number: 10142274)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,855 26,099

CURRENT ASSETS
Debtors 5 261,706 218,594
Cash at bank 23,994 37,008
285,700 255,602
CREDITORS
Amounts falling due within one year 6 186,415 137,009
NET CURRENT ASSETS 99,285 118,593
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,140

144,692

CREDITORS
Amounts falling due after more than one
year

7

47,270

50,000
NET ASSETS 73,870 94,692

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 73,770 94,592
SHAREHOLDERS' FUNDS 73,870 94,692

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

SVS Logistics Limited (Registered number: 10142274)

Balance Sheet - continued
30 April 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 15 January 2025 and were signed on its behalf by:





V Shah - Director


SVS Logistics Limited (Registered number: 10142274)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

SVS Logistics 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 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.

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.

SVS Logistics Limited (Registered number: 10142274)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 May 2023 30,961 1,446 32,407
Additions 3,040 - 3,040
At 30 April 2024 34,001 1,446 35,447
DEPRECIATION
At 1 May 2023 5,620 688 6,308
Charge for year 7,095 189 7,284
At 30 April 2024 12,715 877 13,592
NET BOOK VALUE
At 30 April 2024 21,286 569 21,855
At 30 April 2023 25,341 758 26,099

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 20,109 50,315
Amounts owed by group undertakings 222,850 150,532
Other debtors 18,747 17,747
261,706 218,594

Other debtors are loans to third parties which are rececoverable at the year end.

SVS Logistics Limited (Registered number: 10142274)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other loans 81,533 50,233
Tax 14,504 12,664
Social security and other taxes 372 385
VAT 22,611 17,621
Other creditors - 16,515
Net wages 744 663
Directors' current accounts 51,650 26,927
Accrued expenses 15,001 12,001
186,415 137,009

Other creditors are bank loans.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 47,270 50,000

8. RESERVES
Retained
earnings
£   

At 1 May 2023 94,592
Profit for the year 29,178
Dividends (50,000 )
At 30 April 2024 73,770