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REGISTERED NUMBER: 04713014 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Sovereign Liftrucks Sales Ltd

Sovereign Liftrucks Sales Ltd (Registered number: 04713014)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Sovereign Liftrucks Sales Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mr S A Mohamad
Mr G Willis





REGISTERED OFFICE: Unit 9, Creekmouth Industrial Estate
57 River Road
Barking
Essex
IG11 0DA





REGISTERED NUMBER: 04713014 (England and Wales)





ACCOUNTANTS: BSM (U.K) Accountants Ltd
Unit 9 Creekmouth Industrial Estate
57 River Road
Barking
Essex
IG11 0DA

Sovereign Liftrucks Sales Ltd (Registered number: 04713014)

Report of the Directors
for the Year Ended 31 March 2025

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

INCORPORATION
The company was incorporated on 26 March 2003 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

Mr S A Mohamad
Mr G Willis

Both the directors, being eligible, offer themselves for election at the forthcoming first Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr S A Mohamad - Director


10 April 2025

Sovereign Liftrucks Sales Ltd (Registered number: 04713014)

Income Statement
for the Year Ended 31 March 2025

Notes £    £   

TURNOVER 1,036,097

Cost of sales 785,247
GROSS PROFIT 250,850

Distribution costs 39,742
Administrative expenses 197,441
237,183
13,667

Other operating income 10,400
OPERATING PROFIT 4 24,067

Interest receivable and similar income 77
24,144

Interest payable and similar expenses 14,285
PROFIT BEFORE TAXATION 9,859

Tax on profit -
PROFIT FOR THE FINANCIAL YEAR 9,859

Sovereign Liftrucks Sales Ltd (Registered number: 04713014)

Balance Sheet
31 March 2025

Notes £    £   
FIXED ASSETS
Tangible assets 5 128,965

CURRENT ASSETS
Stocks 6 50,000
Debtors 7 130,943
Cash at bank 155,577
336,520
CREDITORS
Amounts falling due within one year 8 49,985
NET CURRENT ASSETS 286,535
TOTAL ASSETS LESS CURRENT
LIABILITIES

415,500

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 415,400
SHAREHOLDERS' FUNDS 415,500

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2025 and were signed on its behalf by:





Mr S A Mohamad - Director


Sovereign Liftrucks Sales Ltd (Registered number: 04713014)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Sovereign Liftrucks Sales Ltd 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 - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

Sovereign Liftrucks Sales Ltd (Registered number: 04713014)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. OPERATING PROFIT

The operating profit is stated after charging:

£   
Depreciation - owned assets 21,732

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2024 14,960 33,258 42,613 44,866 135,697
Additions - 15,000 - - 15,000
At 31 March 2025 14,960 48,258 42,613 44,866 150,697
DEPRECIATION
Charge for year - 5,986 7,670 8,076 21,732
At 31 March 2025 - 5,986 7,670 8,076 21,732
NET BOOK VALUE
At 31 March 2025 14,960 42,272 34,943 36,790 128,965
At 31 March 2024 14,960 33,258 42,613 44,866 135,697

6. STOCKS
£   
Stocks 50,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Directors' loan accounts 130,943

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other loans 46,121
VAT 3,864
49,985