REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2025 |
for |
SOS AIR CARGO LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 March 2025 |
for |
SOS AIR CARGO LIMITED |
SOS AIR CARGO LIMITED (REGISTERED NUMBER: 01379938) |
Contents of the Financial Statements |
for the Year Ended 31 March 2025 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
SOS AIR CARGO LIMITED |
Company Information |
for the Year Ended 31 March 2025 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANT: |
10 Market Street |
Chapel-en-le-Frith |
High Peak |
Derbyshire |
SK23 0HH |
BANKERS: |
260 Finney Lane |
Heald Green |
Stockport |
Cheshire |
SK8 3QF |
SOS AIR CARGO LIMITED (REGISTERED NUMBER: 01379938) |
Balance Sheet |
31 March 2025 |
31.3.25 | 31.3.24 |
Notes | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
PROVISIONS FOR LIABILITIES | 11 | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 12 |
Retained earnings | 13 |
SHAREHOLDERS' FUNDS |
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. |
SOS AIR CARGO LIMITED (REGISTERED NUMBER: 01379938) |
Balance Sheet - continued |
31 March 2025 |
The financial statements were approved by the Board of Directors and authorised for issue on |
SOS AIR CARGO LIMITED (REGISTERED NUMBER: 01379938) |
Notes to the Financial Statements |
for the Year Ended 31 March 2025 |
1. | STATUTORY INFORMATION |
SOS Air Cargo Limited is a |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents net invoiced sales of air freight, sea freight and logistics services, excluding value added tax. |
Tangible fixed assets |
Fixtures & fittings | - |
Motor vehicles | - |
Office & computer equipment | - |
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. |
Foreign currencies |
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
SOS AIR CARGO LIMITED (REGISTERED NUMBER: 01379938) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2025 |
3. | ACCOUNTING POLICIES - continued |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
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. |
Employee benefits |
The costs of short term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets. |
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. |
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
5. | TANGIBLE FIXED ASSETS |
Office & |
Fixtures | Motor | computer |
& fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 April 2024 |
Additions |
At 31 March 2025 |
DEPRECIATION |
At 1 April 2024 |
Charge for year |
At 31 March 2025 |
NET BOOK VALUE |
At 31 March 2025 |
At 31 March 2024 |
SOS AIR CARGO LIMITED (REGISTERED NUMBER: 01379938) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2025 |
5. | TANGIBLE FIXED ASSETS - continued |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
vehicles |
£ |
COST |
Additions |
At 31 March 2025 |
DEPRECIATION |
Charge for year |
At 31 March 2025 |
NET BOOK VALUE |
At 31 March 2025 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.25 | 31.3.24 |
£ | £ |
Trade debtors |
Deferred tax |
Prepayments & accrued income |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.25 | 31.3.24 |
£ | £ |
Bank loans and overdrafts (see note 9) |
Hire purchase contracts (see note 10) |
Trade creditors |
Social security & other taxes |
VAT |
Directors' current accounts |
Other creditors & accruals |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.3.25 | 31.3.24 |
£ | £ |
Hire purchase contracts (see note 10) |
SOS AIR CARGO LIMITED (REGISTERED NUMBER: 01379938) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2025 |
9. | LOANS |
An analysis of the maturity of loans is given below: |
31.3.25 | 31.3.24 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank overdrafts |
10. | LEASING AGREEMENTS |
Minimum lease payments fall due as follows: |
Hire purchase contracts |
31.3.25 | 31.3.24 |
£ | £ |
Net obligations repayable: |
Within one year |
Between one and five years |
Non-cancellable operating | leases |
31.3.25 | 31.3.24 |
£ | £ |
Within one year |
Between one and five years |
11. | PROVISIONS FOR LIABILITIES |
31.3.25 | 31.3.24 |
£ | £ |
Deferred tax | 4,812 | - |
Deferred |
tax |
£ |
Provided during year |
Balance at 31 March 2025 |
12. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.25 | 31.3.24 |
value: | £ | £ |
Ordinary | £1 | 13,000 | 13,000 |
SOS AIR CARGO LIMITED (REGISTERED NUMBER: 01379938) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2025 |
13. | RESERVES |
Retained |
earnings |
£ |
At 1 April 2024 |
Profit for the year |
Dividends | ( |
) |
At 31 March 2025 |
14. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024: |
31.3.25 | 31.3.24 |
£ | £ |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) | ( |
) |
15. | ULTIMATE CONTROLLING PARTY |
The company was throughout the year under the control of A L Woodfinden and B Woodfinden by virtue of their combined 100% holding of the issued ordinary share capital. |