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Registered number: 13263741
SI Logistics Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13263741
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 69,376 2,918
69,376 2,918
CURRENT ASSETS
Debtors 5 271,632 435,541
Cash at bank and in hand 26,427 55,492
298,059 491,033
Creditors: Amounts Falling Due Within One Year 6 (191,896 ) (409,129 )
NET CURRENT ASSETS (LIABILITIES) 106,163 81,904
TOTAL ASSETS LESS CURRENT LIABILITIES 175,539 84,822
PROVISIONS FOR LIABILITIES
Deferred Taxation (17,344 ) (554 )
NET ASSETS 158,195 84,268
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 158,095 84,168
SHAREHOLDERS' FUNDS 158,195 84,268
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For the year ending 31 March 2025 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 director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Steven Trotter
Director
9 April 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
SI Logistics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13263741 . The registered office is 2 Audley Court, Fison Way, Thetford, Norfolk, IP24 1HT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Office Equipment 33% on cost
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 5)
6 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Office Equipment Total
£ £ £ £
Cost
As at 1 April 2024 - - 6,047 6,047
Additions 25,610 40,500 2,724 68,834
As at 31 March 2025 25,610 40,500 8,771 74,881
Depreciation
As at 1 April 2024 - - 3,129 3,129
Provided during the period 279 - 2,097 2,376
As at 31 March 2025 279 - 5,226 5,505
Net Book Value
As at 31 March 2025 25,331 40,500 3,545 69,376
As at 1 April 2024 - - 2,918 2,918
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 159,815 383,544
Amounts recoverable on contracts 77,871 42,380
Prepayments and accrued income 17,317 4,122
Other debtors 16,629 5,495
271,632 435,541
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6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 126,035 333,773
Corporation tax 30,982 33,470
Social security & other taxes 243 907
Other creditors 372 290
Accruals & deferred income 13,053 6,717
Director's loan account 21,211 33,972
191,896 409,129
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2025 2024
£ £
Not later than one year 10,989 10,989
Later than one year and not later than five years 3,543 14,532
14,532 25,521
9. Pension Commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £346 (2024: £264) were due to the fund. They are included in Other Creditors.
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