Sunbury Warehousing & Logistics Limited - Accounts to registrar (filleted) - small 23.1.2
Sunbury Warehousing & Logistics Limited - Accounts to registrar (filleted) - small 23.1.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST DECEMBER 2022 |
| FOR |
| SUNBURY WAREHOUSING & LOGISTICS LIMITED |
| SUNBURY WAREHOUSING & LOGISTICS LIMITED (REGISTERED NUMBER: 09113027) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST DECEMBER 2022 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| SUNBURY WAREHOUSING & LOGISTICS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31ST DECEMBER 2022 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 25 Grosvenor Road |
| Wrexham |
| LL11 1BT |
| BANKERS: |
| 65-67 Fore Street |
| Kingsbridge |
| Devon |
| TQ7 1PN |
| SUNBURY WAREHOUSING & LOGISTICS LIMITED (REGISTERED NUMBER: 09113027) |
| BALANCE SHEET |
| 31ST DECEMBER 2022 |
| 31.12.22 | 31.12.21 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings |
| 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. |
| SUNBURY WAREHOUSING & LOGISTICS LIMITED (REGISTERED NUMBER: 09113027) |
| BALANCE SHEET - continued |
| 31ST DECEMBER 2022 |
| 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 |
| SUNBURY WAREHOUSING & LOGISTICS LIMITED (REGISTERED NUMBER: 09113027) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31ST DECEMBER 2022 |
| 1. | STATUTORY INFORMATION |
| Sunbury Warehousing & Logistics Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 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. The company's functional and presentational currencies are pounds sterling. |
| Significant judgements and estimates |
| In the application of the Company’s accounting policies, management is required to make judgements, estimates and assumptions about carrying values of assets and liabilities that are not readily available from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
| The key judgements and sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below: |
| Estimated useful lives and residual values of fixed assets |
| Depreciation of tangible and intangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and actual asset lives and residual values, as evidenced by disposals during current and prior accounting periods. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Sales of goods |
| The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when the risks and rewards of ownership have passed to the customer. This typically happens when goods are delivered and legal title has passed. |
| Tangible fixed assets |
| Short leasehold | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
| SUNBURY WAREHOUSING & LOGISTICS LIMITED (REGISTERED NUMBER: 09113027) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST DECEMBER 2022 |
| 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. |
| 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. |
| 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. |
| Financial instruments |
| The following assets and liabilities are classified as financial instruments - trade debtors and trade creditors. |
| Trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received. |
| Financial assets are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| SUNBURY WAREHOUSING & LOGISTICS LIMITED (REGISTERED NUMBER: 09113027) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST DECEMBER 2022 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Short | Plant and | and |
| leasehold | machinery | fittings |
| £ | £ | £ |
| COST |
| At 1st January 2022 |
| Additions |
| Disposals |
| At 31st December 2022 |
| DEPRECIATION |
| At 1st January 2022 |
| Charge for year |
| Eliminated on disposal |
| At 31st December 2022 |
| NET BOOK VALUE |
| At 31st December 2022 |
| At 31st December 2021 |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1st January 2022 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31st December 2022 |
| DEPRECIATION |
| At 1st January 2022 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31st December 2022 |
| NET BOOK VALUE |
| At 31st December 2022 |
| At 31st December 2021 |
| 5. | STOCKS |
| 31.12.22 | 31.12.21 |
| £ | £ |
| Work-in-progress |
| SUNBURY WAREHOUSING & LOGISTICS LIMITED (REGISTERED NUMBER: 09113027) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST DECEMBER 2022 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.22 | 31.12.21 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| VAT |
| Accrued income |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.22 | 31.12.21 |
| £ | £ |
| Trade creditors |
| Trade creditor accruals | 117,962 | 89,506 |
| Amounts owed to group undertakings |
| Tax |
| Social security and other taxes |
| Other creditors |
| Directors' current accounts | 80,500 | 46,000 |
| Accrued expenses |
| 8. | PROVISIONS FOR LIABILITIES |
| 31.12.22 | 31.12.21 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances | 18,703 | 8,285 |
| Deferred |
| tax |
| £ |
| Balance at 1st January 2022 |
| Movement in the year due to: |
| changes in tax allowances | 5,929 |
| changes in tax rates | 4,489 |
| Balance at 31st December 2022 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.12.22 | 31.12.21 |
| value: | £ | £ |
| A Ordinary £2 | £2 | 102,000 | 102,000 |
| B Ordinary £2 | £2 | 98,000 | 98,000 |
| 200,000 | 200,000 |
| SUNBURY WAREHOUSING & LOGISTICS LIMITED (REGISTERED NUMBER: 09113027) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31ST DECEMBER 2022 |
| 10. | CAPITAL COMMITMENTS |
| 31.12.22 | 31.12.21 |
| £ | £ |
| Contracted but not provided for in the |
| financial statements |
| 11. | RELATED PARTY DISCLOSURES |
| During the year, sales were made to, and purchases from, Alston Garrard & Co Limited, the parent company, in the sums of £479,042 (2021: £276,171) and £11,502 (2021: £9,241) respectively. |
| 12. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Alston Garrard & Co Limited. |
| The ultimate controlling party is |