SSO International Forwarding Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 13184206 (England and Wales)

Financial Statements for the Year Ended 31 October 2025

for

SSO International Forwarding Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

2,545

3,435

CURRENT ASSETS

Debtors

5

640,200

594,431

Cash at bank

237,652

43,806

877,852

638,237

CREDITORS

Amounts falling due within one year

6

(565,094

)

(475,067

)

NET CURRENT ASSETS

312,758

163,170

TOTAL ASSETS LESS CURRENT LIABILITIES

315,303

166,605

PROVISIONS FOR LIABILITIES

(313

)

(859

)

NET ASSETS

314,990

165,746

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

314,890

165,646

SHAREHOLDERS' FUNDS

314,990

165,746

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by:

Mr P G Draper - Director

1.	STATUTORY INFORMATION

SSO International Forwarding Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

13184206

Registered office:

Unit 4, The Willows

Boston Park

Wilcock Road

Haydock

WA11 9SR

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.

The presentation currency of the financial statements is the Pound Sterling (£) and they are rounded to the nearest £1.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash in hand, deposits held at call with banks and other short-term highly liquid investments with original maturities of three months or less.

Trade and other debtors

Trade and other debtors are recognised initially at transaction price and subsequently measured at amortised cost, less any impairment.

Trade and other creditors

Trade and other creditors are recognised initially at transaction price and subsequently measured at amortised cost.

Foreign exchange translation

The Company's functional and presentation currency is Pounds Sterling (£).

Transactions denominated in foreign currencies are recorded at the exchange rates ruling at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies are translated into Sterling at the exchange rates ruling at the reporting date.

Exchange differences arising on the settlement of monetary items or on translating monetary items at rates different from those at which they were initially recorded are recognised in profit or loss in the period in which they arise.

Non-monetary assets and liabilities measured at historical cost are translated using the exchange rate at the date of the transaction. Non-monetary assets and liabilities measured at fair value are translated using the exchange rate when the fair value was determined.

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.

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. Contributions unpaid at the balance sheet date are included within creditors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 November 2024

6,296

Additions

1,150

At 31 October 2025

7,446

DEPRECIATION

At 1 November 2024

2,861

Charge for year

2,040

At 31 October 2025

4,901

NET BOOK VALUE

At 31 October 2025

2,545

At 31 October 2024

3,435

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Trade debtors

591,477

342,995

Other debtors

48,723

251,436

640,200

594,431

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

Bank loans and overdrafts

585

-

Trade creditors

323,289

296,957

Amounts owed to group undertakings

93,791

92,467

Taxation and social security

90,725

82,368

Other creditors

56,704

3,275

565,094

475,067

7.	SECURED DEBTS

The company has granted a fixed and floating charge over its assets in favour of Alliance Fund Managers Limited as security for borrowings of SSO Logistics Limited. No liability in respect of these borrowings is recognised in the company's balance sheet.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.25

31.10.24

value:

£

56

A Ordinary

£1

56

28

B Ordinary

£1

28

16

C Ordinary

£1

16

100

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Taylor BFP FCA (Senior Statutory Auditor)

for and on behalf of Harts Limited

10.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had financial commitments under non cancellable operating leases amounting to £51,924 (2024: £nil).

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2025 and 31 October 2024:

31.10.25

31.10.24

£

Mr G McDermott

Balance outstanding at start of year

(3,001

)

(7,436

)

Amounts advanced

23,630

36,665

Amounts repaid

(17,764

)

(32,230

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

2,865

(3,001

)

Mr A J Hirst

Balance outstanding at start of year

-

(42

)

Amounts advanced

-

32,694

Amounts repaid

-

(32,230

)

Amounts written off

-

(422

)

Amounts waived

-

Balance outstanding at end of year

-

Directors' loan accounts are interest free, repayable on demand and have been repaid within 9 months of the balance sheet date.

12.	ULTIMATE CONTROLLING PARTY

SSO International Forwarding Limited is exempt from the obligation to prepare group accounts, which are prepared by the company's ultimate parent and immediate controlling party, SSO Group Limited, a company registered in England and Wales (Company number: 13619963).

The registered office and principal place of business address is Unit 4, The Willows Boston Park, Wilcock Road, Haydock WA11 9SR. Consolidated group accounts can be obtained from this address.

The ultimate controlling party of the company is Mr & Mrs Draper by virtue of their aggregate shareholdings in SSO Group Limited.