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REGISTERED NUMBER: 06462959 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Sayers Road Tankers Engineering
Limited

Sayers Road Tankers Engineering
Limited (Registered number: 06462959)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sayers Road Tankers Engineering
Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: C Sayer





REGISTERED OFFICE: Tutin Road
Leeming Bar Industrial Estate
NORTHALLERTON
North Yorkshire
DL7 9UJ





REGISTERED NUMBER: 06462959 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

Sayers Road Tankers Engineering
Limited (Registered number: 06462959)

Balance Sheet
31 October 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 206,900 197,348

CURRENT ASSETS
Stocks 5 2,061,674 2,046,035
Debtors 6 2,400,742 1,768,469
Cash in hand 19 19
4,462,435 3,814,523
CREDITORS
Amounts falling due within one year 7 (2,810,903 ) (2,846,901 )
NET CURRENT ASSETS 1,651,532 967,622
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,858,432

1,164,970

CREDITORS
Amounts falling due after more than one
year

8

-

(51,852

)

PROVISIONS FOR LIABILITIES 10 (30,798 ) (20,096 )
NET ASSETS 1,827,634 1,093,022

CAPITAL AND RESERVES
Called up share capital 11 202 202
Retained earnings 1,827,432 1,092,820
SHAREHOLDERS' FUNDS 1,827,634 1,093,022

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Sayers Road Tankers Engineering
Limited (Registered number: 06462959)

Balance Sheet - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 March 2025 and were signed by:





C Sayer - Director


Sayers Road Tankers Engineering
Limited (Registered number: 06462959)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Sayers Road Tankers Engineering 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from this standard.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with companies under common control.

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Income recognition
Turnover is recognised when goods are dispatched or made available to the customer or by reference to the stage of completion of services being rendered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Plant and machinery - Straight line over 7 years and Straight line over 15 years
Fixtures and fittings - Straight line over 3 years
Motor vehicles - 25% on cost

Tangible fixed assets are held at cost less accumulated depreciation.

Stock and work in progress
Stock is valued at the lower of cost and net realisable value. Work in progress is valued at the cost incurred for parts and at the value of the work done to the relevant stage of completion for labour. Where losses are anticipated, then full provision is made.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.


Sayers Road Tankers Engineering
Limited (Registered number: 06462959)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 39 (2023 - 34 ) .

Sayers Road Tankers Engineering
Limited (Registered number: 06462959)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2023 406,816 432,030 74,104 13,847 926,797
Additions - 87,633 1,811 - 89,444
Disposals - (12,601 ) - (8,098 ) (20,699 )
At 31 October 2024 406,816 507,062 75,915 5,749 995,542
DEPRECIATION
At 1 November 2023 367,159 281,662 71,643 8,985 729,449
Charge for year 39,653 38,812 604 822 79,891
Eliminated on disposal - (12,601 ) - (8,097 ) (20,698 )
At 31 October 2024 406,812 307,873 72,247 1,710 788,642
NET BOOK VALUE
At 31 October 2024 4 199,189 3,668 4,039 206,900
At 31 October 2023 39,657 150,368 2,461 4,862 197,348

5. STOCKS
2024 2023
£    £   
Stocks 645,495 642,257
Work-in-progress 1,416,179 1,403,778
2,061,674 2,046,035

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 502,114 229,441
Amounts owed by related undertakings 1,793,730 1,510,900
Other debtors 74,998 9,182
Prepayments and accrued income 29,900 18,946
2,400,742 1,768,469

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 207,102 222,746
Trade creditors 982,779 870,744
Taxation and social security 449,004 663,636
Other creditors 48,658 33,389
Accruals and deferred income 1,123,360 1,056,386
2,810,903 2,846,901

Sayers Road Tankers Engineering
Limited (Registered number: 06462959)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years - 51,852

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 155,250 133,857

The bank overdraft is secured by a fixed and floating charge over the assets of the company.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 30,798 20,096

Deferred
tax
£   
Balance at 1 November 2023 20,096
Accelerated capital allowances 10,702
Balance at 31 October 2024 30,798

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
101 Ordinary £1 101 101
101 A ordinary £1 101 101
202 202

The "A" shares shall constitute a different class of shares for the purposes of the Companies Act 2006 but shall, save as otherwise provided for, confer upon the holders thereof the sames rights and rank pari passu in all respects except that the "A" shares do not have voting rights and the director shall be entitled to pay such different dividend of the "A" shares as they shall from time to time decide. The "A" shares are also repayable at par.

12. CONTINGENT LIABILITIES

There is a cross guarantee in place between Sayers Road Tanker Rentals Limited and Sayers Road Tankers Engineering Limited in respect of their banking facilities. There is also a cross guarantee in place between Sayers Road Tankers Engineering Limited and Sayers Property Investments Limited in respect of their bank loans. At the balance sheet date Sayers Property Investments Limited had bank loans of £539,792.