Site Logistics Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05255682 (England and Wales)

SITE LOGISTICS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D T Healy

SECRETARY:

M J P Healy

REGISTERED OFFICE:

Station House

Connaught Road

Brookwood

Woking

Surrey

GU24 0ER

REGISTERED NUMBER:

05255682 (England and Wales)

ACCOUNTANTS:

HPCA Limited

Chartered Accountants

Station House

Connaught Road

Brookwood

Woking

Surrey

GU24 0ER

FIXED ASSETS

Tangible assets

4

14,308

25,016

CURRENT ASSETS

Debtors

5

749,477

814,257

Cash at bank and in hand

16

7,900

749,493

822,157

CREDITORS

Amounts falling due within one year

6

269,040

355,826

NET CURRENT ASSETS

480,453

466,331

TOTAL ASSETS LESS CURRENT LIABILITIES

494,761

491,347

CREDITORS

Amounts falling due after more than one year

7

15,823

18,570

NET ASSETS

478,938

472,777

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

478,838

472,677

SHAREHOLDERS' FUNDS

478,938

472,777

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 13 June 2019 and were signed by:

D T Healy - Director

1.	STATUTORY INFORMATION

Site Logistics 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.	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.

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied, exclusive of value added tax

and trade discounts.

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.

Motor vehicles

-

25% on cost

Computer equipment

-

20% on cost

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2017 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 November 2017

and 31 October 2018

57,975

500

58,475

DEPRECIATION

At 1 November 2017

32,959

500

33,459

Charge for year

10,708

-

10,708

At 31 October 2018

43,667

500

44,167

NET BOOK VALUE

At 31 October 2018

14,308

-

14,308

At 31 October 2017

25,016

-

25,016

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 November 2017

57,975

Transfer to ownership

(25,820

)

At 31 October 2018

32,155

DEPRECIATION

At 1 November 2017

32,959

Charge for year

10,708

Transfer to ownership

(25,820

)

At 31 October 2018

17,847

NET BOOK VALUE

At 31 October 2018

14,308

At 31 October 2017

25,016

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

333,649

532,171

Due from Techjoint Ltd

124,047

105,839

Factoring account

245,549

69,023

Prepayments and accrued income

46,232

107,224

749,477

814,257

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

11,209

-

Hire purchase contracts

2,747

16,094

Trade creditors

78,336

42,900

Due to Technik Recruitment

107,500

105,500

Tax

6,890

27,668

Social security and other taxes

4,093

12,350

Pensions

277

-

VAT

18,722

45,581

Other creditors

393

1,330

Accrued expenses

38,873

104,403

269,040

355,826

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts

15,823

18,570

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

50

Ordinary

£1

100

100

50

Ordinary 'A'

£1

-

-

100

100

9.

RESERVES

Retained

earnings

£

At 1 November 2017

472,677

Profit for the year

22,161

Dividends

(16,000

)

At 31 October 2018

478,838

10.	RELATED PARTY DISCLOSURES

The director and controlling party of Techjoint Ltd holds a participating interest in Site Logistic Ltd.

During the year, Techjoint Ltd received a net loan advance of £18,208 from Site Logistic Ltd. At the year end a

balance of £124,047 (2017:£105,839) was owed to Site Logistic Ltd. The loan is interest free and payable on

demand.