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REGISTERED NUMBER: 01379938 (England and Wales)











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: A L Woodfinden
B Woodfinden



SECRETARY: A L Woodfinden



REGISTERED OFFICE: Unit 2, Building 301
World Freight Terminal
Manchester Airport
Manchester
M90 5UX



REGISTERED NUMBER: 01379938 (England and Wales)



ACCOUNTANT: Mourne & Co
10 Market Street
Chapel-en-le-Frith
High Peak
Derbyshire
SK23 0HH



BANKERS: National Westminster Bank Plc
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 40,338 12,518

CURRENT ASSETS
Debtors 6 229,423 217,681
Cash at bank 9,614 -
239,037 217,681
CREDITORS
Amounts falling due within one year 7 166,631 162,500
NET CURRENT ASSETS 72,406 55,181
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,744

67,699

CREDITORS
Amounts falling due after more than one
year

8

(21,000

)

-

PROVISIONS FOR LIABILITIES 11 (4,812 ) -
NET ASSETS 86,932 67,699

CAPITAL AND RESERVES
Called up share capital 12 13,000 13,000
Retained earnings 13 73,932 54,699
SHAREHOLDERS' FUNDS 86,932 67,699

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.

SOS AIR CARGO LIMITED (REGISTERED NUMBER: 01379938)

Balance Sheet - continued
31 March 2025


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 Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by:





A L Woodfinden - Director


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 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of air freight, sea freight and logistics services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures & fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office & computer equipment - 33% on reducing balance

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 8 (2024 - 10 ) .

5. TANGIBLE FIXED ASSETS
Office &
Fixtures Motor computer
& fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024 15,947 - 72,880 88,827
Additions - 36,495 - 36,495
At 31 March 2025 15,947 36,495 72,880 125,322
DEPRECIATION
At 1 April 2024 9,965 - 66,344 76,309
Charge for year 1,196 5,322 2,157 8,675
At 31 March 2025 11,161 5,322 68,501 84,984
NET BOOK VALUE
At 31 March 2025 4,786 31,173 4,379 40,338
At 31 March 2024 5,982 - 6,536 12,518

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 36,495
At 31 March 2025 36,495
DEPRECIATION
Charge for year 5,322
At 31 March 2025 5,322
NET BOOK VALUE
At 31 March 2025 31,173

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 222,707 210,466
Deferred tax 4,430 5,590
Prepayments & accrued income 2,286 1,625
229,423 217,681

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts (see note 9) - 47,550
Hire purchase contracts (see note 10) 6,000 -
Trade creditors 112,774 95,817
Social security & other taxes 7,163 10,543
VAT 38,156 6,070
Directors' current accounts 38 20
Other creditors & accruals 2,500 2,500
166,631 162,500

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts (see note 10) 21,000 -

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 - 47,550

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 6,000 -
Between one and five years 21,000 -
27,000 -

Non-cancellable operating leases
31.3.25 31.3.24
£    £   
Within one year 45,000 45,000
Between one and five years 180,000 180,000
225,000 225,000

11. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred tax 4,812 -

Deferred
tax
£   
Provided during year 4,812
Balance at 31 March 2025 4,812

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
13,000 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 54,699
Profit for the year 24,233
Dividends (5,000 )
At 31 March 2025 73,932

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
£    £   
A L Woodfinden
Balance outstanding at start of year (20 ) (1,404 )
Amounts advanced 8,529 20,424
Amounts repaid (8,547 ) (19,040 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (38 ) (20 )

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.