Registered number
11513105
Sleaford HGV Services Ltd
Filleted Accounts
31 August 2024
Sleaford HGV Services Ltd
Registered number: 11513105
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 371,205 425,504
Current assets
Stocks 12,500 12,500
Debtors 4 125,174 135,374
Cash at bank and in hand 11,754 -
149,428 147,874
Creditors: amounts falling due within one year 5 (243,456) (302,812)
Net current liabilities (94,028) (154,938)
Total assets less current liabilities 277,177 270,566
Creditors: amounts falling due after more than one year 6 (216,201) (213,932)
Net assets 60,976 56,634
Capital and reserves
Called up share capital 1 1
Profit and loss account 60,975 56,633
Shareholders' funds 60,976 56,634
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sarah Thorpe
Director
Approved by the board on 16 May 2025
Sleaford HGV Services Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 10
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2023 147,893 431,348 579,241
Additions 29,287 114,295 143,582
Disposals (80,000) (145,123) (225,123)
At 31 August 2024 97,180 400,520 497,700
Depreciation
At 1 September 2023 56,700 97,037 153,737
Charge for the year 10,829 49,077 59,906
On disposals (23,656) (63,492) (87,148)
At 31 August 2024 43,873 82,622 126,495
Net book value
At 31 August 2024 53,307 317,898 371,205
At 31 August 2023 91,193 334,311 425,504
4 Debtors 2024 2023
£ £
Trade debtors 124,340 132,540
Other debtors 834 2,834
125,174 135,374
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 32,030
Obligations under finance lease and hire purchase contracts 75,289 109,640
Trade creditors 128,602 144,152
Taxation and social security costs 29,565 16,990
243,456 302,812
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 30,489 42,489
Obligations under finance lease and hire purchase contracts 149,484 144,842
Other creditors 36,228 26,601
216,201 213,932
7 Other information
Sleaford HGV Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 2
19 Woodbridge Road Ind Estate
Sleaford
Lincs
NG34 7EW
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