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REGISTERED NUMBER: 07295222 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2016

for

SDN Pallets Limited

SDN Pallets Limited (Registered number: 07295222)






Contents of the Financial Statements
for the Year Ended 30 September 2016




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SDN Pallets Limited

Company Information
for the Year Ended 30 September 2016







DIRECTORS: M D Naylor
S G Naylor





REGISTERED OFFICE: Gamston Airfield
Gamston
Retford
Nottinghamshire
DN22 0QL





REGISTERED NUMBER: 07295222 (England and Wales)





ACCOUNTANTS: Sutton McGrath Hartley Limited
5 Westbrook Court
Sharrowvale Road
Sheffield
South Yorkshire
S11 8YZ

SDN Pallets Limited (Registered number: 07295222)

Statement of Financial Position
30 September 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 300,000 350,000
Tangible assets 5 17,857 20,638
317,857 370,638

CURRENT ASSETS
Stocks 142,785 153,975
Debtors 6 1,113,819 827,114
Cash at bank and in hand 219,728 162,732
1,476,332 1,143,821
CREDITORS
Amounts falling due within one year 7 1,688,359 1,504,525
NET CURRENT LIABILITIES (212,027 ) (360,704 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,830

9,934

CREDITORS
Amounts falling due after more than one
year

8

-

8,177
NET ASSETS 105,830 1,757

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings 10 105,820 1,747
SHAREHOLDERS' FUNDS 105,830 1,757

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 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.

SDN Pallets Limited (Registered number: 07295222)

Statement of Financial Position - continued
30 September 2016


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 Board of Directors on 6 June 2017 and were signed on its behalf by:




M D Naylor - Director



S G Naylor - Director


SDN Pallets Limited (Registered number: 07295222)

Notes to the Financial Statements
for the Year Ended 30 September 2016

1. STATUTORY INFORMATION

SDN Pallets 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 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 10% on cost
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position date.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 .

SDN Pallets Limited (Registered number: 07295222)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2016

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2015
and 30 September 2016 500,000
AMORTISATION
At 1 October 2015 150,000
Charge for year 50,000
At 30 September 2016 200,000
NET BOOK VALUE
At 30 September 2016 300,000
At 30 September 2015 350,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2015 31,563
Additions 1,273
At 30 September 2016 32,836
DEPRECIATION
At 1 October 2015 10,925
Charge for year 4,054
At 30 September 2016 14,979
NET BOOK VALUE
At 30 September 2016 17,857
At 30 September 2015 20,638

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 974,527 810,647
Directors' current accounts 139,292 16,467
1,113,819 827,114

SDN Pallets Limited (Registered number: 07295222)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2016

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Bank loans and overdrafts 691,766 629,780
Hire purchase contracts - 4,597
Trade creditors 792,651 633,386
Amounts owed to group undertakings 91,200 130,840
Tax 64,214 57,475
Social security and other taxes 6,175 4,192
VAT 38,764 40,837
Accrued expenses 3,589 3,418
1,688,359 1,504,525

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2016 2015
£    £   
Hire purchase contracts - 8,177

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary 1 10 10

10. RESERVES
Retained
earnings
£   

At 1 October 2015 1,747
Profit for the year 204,073
Dividends (100,000 )
At 30 September 2016 105,820

11. RELATED PARTY DISCLOSURES

The company was party to transactions with an associated business, SDN Enterprises in the year of which the
directors are partners.

In the year the company was charged £192,000 (2015: £278,000) for the hire of plant, machinery and equipment
owned by the partnership.

At the year end date the amount due to SDN Enterprises was £91,200 (2015: £130,840).