Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activityfalse2023-06-01true22truefalse 11695521 2023-06-01 2024-05-31 11695521 2022-06-01 2023-05-31 11695521 2024-05-31 11695521 2023-05-31 11695521 c:Director2 2023-06-01 2024-05-31 11695521 d:ComputerSoftware 2024-05-31 11695521 d:ComputerSoftware 2023-05-31 11695521 d:CurrentFinancialInstruments 2024-05-31 11695521 d:CurrentFinancialInstruments 2023-05-31 11695521 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 11695521 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 11695521 d:ShareCapital 2024-05-31 11695521 d:ShareCapital 2023-05-31 11695521 d:RetainedEarningsAccumulatedLosses 2024-05-31 11695521 d:RetainedEarningsAccumulatedLosses 2023-05-31 11695521 c:FRS102 2023-06-01 2024-05-31 11695521 c:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 11695521 c:FullAccounts 2023-06-01 2024-05-31 11695521 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11695521 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure

Registered number: 11695521










SF 3PL Ltd








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 May 2024

 
SF 3PL Ltd
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of SF 3PL Ltd for the year ended 31 May 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SF 3PL Ltd for the year ended 31 May 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of SF 3PL Ltd, as a body, in accordance with the terms of our engagement letter dated 11 July 2024Our work has been undertaken solely to prepare for your approval the financial statements of SF 3PL Ltd and state those matters that we have agreed to state to the Board of directors of SF 3PL Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SF 3PL Ltd and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that SF 3PL Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of SF 3PL Ltd. You consider that SF 3PL Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of SF 3PL Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
Montague Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QU
26 January 2025
Page 1

 
SF 3PL Ltd
Registered number: 11695521

Balance sheet
As at 31 May 2024

2024
2023
Note
£
£

  

Current assets
  

Cash at bank and in hand
  
928
1,168

  
928
1,168

Creditors: amounts falling due within one year
 5 
(243,300)
(243,300)

Net current liabilities
  
 
 
(242,372)
 
 
(242,132)

Total assets less current liabilities
  
(242,372)
(242,132)

  

Net liabilities
  
(242,372)
(242,132)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(242,472)
(242,232)

  
(242,372)
(242,132)


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 January 2025.




W Selfe
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SF 3PL Ltd
 

 
Notes to the financial statements
For the year ended 31 May 2024

1.


General information

SF 3PL Ltd is a private company limited by shares and is incorporated in England and Wales with the registration number 11695521. The address of the company's registered office and principle place of business is Unit 5 Javelin Enterprise Park, Javelin Way, Ashford, Kent, TN24 8DE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis. The company is fully supported financially by group entities and taking into consideration the company's planning, the directors have a reasonable expectation that the company and group will continue in operational existence for the foreseeable future. 

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
 

Page 3

 
SF 3PL Ltd
 

 
Notes to the financial statements
For the year ended 31 May 2024

2.Accounting policies (continued)


2.6
Financial instruments (continued)

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Page 4

 
SF 3PL Ltd
 

 
Notes to the financial statements
For the year ended 31 May 2024

3.


Employees




The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Directors
2
2


4.


Intangible assets




Brand development

£



Cost


At 1 June 2023
252,963



At 31 May 2024

252,963



Amortisation


At 1 June 2023
252,963



At 31 May 2024

252,963



Net book value



At 31 May 2024
-



At 31 May 2023
-




5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
243,300
243,300



6.


Related party transactions

The company has taken advantage of the exemption to not disclose group transactions undertaken at market rate. 

Page 5

 
SF 3PL Ltd
 

 
Notes to the financial statements
For the year ended 31 May 2024

7.


Controlling party

The ultimate parent undertaking of the company is Forza International Group Limited, a company incorporated in England and Wales, where the ultimate controlling party is L N Smith by virtue of his 75% shareholding. 

Page 6