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Company Registration No. 10170636 (England and Wales)
SDC Haulage Limited Unaudited accounts for the year ended 31 May 2024
SDC Haulage Limited Unaudited accounts Contents
Page
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SDC Haulage Limited Company Information for the year ended 31 May 2024
Directors
Mr D Fedoruk Mrs M Fedoruk
Company Number
10170636 (England and Wales)
Registered Office
SDC Haulage Limited 1 Emily Street Hull North Humberside HU9 1ND England
Accountants
Westlands Chartered Accountants McMillan House 6 Wolfreton Drive Anlaby East Riding of Yorkshire HU10 7BY
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SDC Haulage Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
955,840 
701,420 
Current assets
Debtors
1,284,751 
1,253,676 
Cash at bank and in hand
917 
4,380 
1,285,668 
1,258,056 
Creditors: amounts falling due within one year
(1,401,183)
(1,335,582)
Net current liabilities
(115,515)
(77,526)
Total assets less current liabilities
840,325 
623,894 
Creditors: amounts falling due after more than one year
(250,857)
(132,208)
Provisions for liabilities
Deferred tax
(181,614)
(113,508)
Net assets
407,854 
378,178 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
407,754 
378,078 
Shareholders' funds
407,854 
378,178 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 May 2024 and were signed on its behalf by
Mr D Fedoruk Director Company Registration No. 10170636
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SDC Haulage Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
SDC Haulage Limited is a private company, limited by shares, registered in England and Wales, registration number 10170636. The registered office is SDC Haulage Limited, 1 Emily Street, Hull, North Humberside, HU9 1ND, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
10% reducing balance
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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SDC Haulage Limited Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 June 2023
1,136,111 
Additions
337,745 
At 31 May 2024
1,473,856 
Depreciation
At 1 June 2023
434,691 
Charge for the year
83,325 
At 31 May 2024
518,016 
Net book value
At 31 May 2024
955,840 
At 31 May 2023
701,420 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
537,681 
366,025 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,193,802 
1,231,082 
Other debtors
90,949 
22,594 
1,284,751 
1,253,676 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
55,204 
78,842 
Obligations under finance leases and hire purchase contracts
155,584 
155,160 
Trade creditors
1,070,377 
1,013,481 
Loans from directors
118,618 
86,899 
Accruals
1,400 
1,200 
1,401,183 
1,335,582 
Included in creditors due within one year are liabilities of £155,584 (2023: £155,160), which security has been given.
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SDC Haulage Limited Notes to the Accounts for the year ended 31 May 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
19,089 
29,755 
Obligations under finance leases and hire purchase contracts
231,768 
102,453 
250,857 
132,208 
Included in creditors due after one year are liabilities of £231,768 (2023: £102,453), which security has been given.
8
Transactions with related parties
At the balance sheet date the company owed Mr D Fedoruk £118,618, by the way of an interest free loan. The loan is repayable upon demand.
9
Average number of employees
During the year the average number of employees was 6 (2023: 4).
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