Company Registration No. 06544625 (England and Wales)
AT TRANSPORT SOLUTIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
PAGES FOR FILING WITH REGISTRAR
AT TRANSPORT SOLUTIONS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
AT TRANSPORT SOLUTIONS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2022
31 March 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Tangible assets
4
85,527
104,809
Current assets
Debtors
5
434,893
254,294
Cash at bank and in hand
23,992
146,803
458,885
401,097
Creditors: amounts falling due within one year
6
(315,201)
(313,289)
Net current assets
143,684
87,808
Total assets less current liabilities
229,211
192,617
Provisions for liabilities
(16,251)
(19,914)
Net assets
212,960
172,703
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
212,958
172,701
Total equity
212,960
172,703

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial Year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the Year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

AT TRANSPORT SOLUTIONS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2022
31 March 2022
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 15 August 2022 and are signed on its behalf by:
Mr A Marshall
Mr A Waterman
Director
Director
Company Registration No. 06544625
AT TRANSPORT SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
- 3 -
1
Accounting policies
Company information

AT Transport Solutions Limited is a private company limited by shares incorporated in England and Wales. The registered office is Thorpe House, 93 Headlands, Kettering, Northamptonshire, United Kingdom, NN15 6BL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

1.2
Reporting period

These financial statements cover the thirteen month period ended 31 March 2020. Comparative figures represent the year ended 28 February 2019.

1.3
Turnover

Turnover represents net invoiced sales of services, excluding VAT.

1.4
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
20% on cost
Fixtures and fittings
15% on cost
Motor vehicles
20% on cost and 20% on reducing balance
1.5
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

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.

AT TRANSPORT SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
1
Accounting policies
(Continued)
- 4 -
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.

1.6
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.

1.7
Leases

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 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.

1.8
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

AT TRANSPORT SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 5 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the Year was:

2022
2021
Number
Number
Total
13
13
4
Tangible fixed assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2021
198,599
2,200
186,850
387,649
Additions
8,902
-
0
-
0
8,902
Disposals
(73,161)
-
0
(9,750)
(82,911)
At 31 March 2022
134,340
2,200
177,100
313,640
Depreciation and impairment
At 1 April 2021
146,288
704
135,848
282,840
Depreciation charged in the Year
18,989
330
7,650
26,969
Eliminated in respect of disposals
(73,161)
-
0
(8,535)
(81,696)
At 31 March 2022
92,116
1,034
134,963
228,113
Carrying amount
At 31 March 2022
42,224
1,166
42,137
85,527
At 31 March 2021
52,311
1,496
51,002
104,809
5
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
320,026
210,046
Other debtors
3,000
1,130
Prepayments and accrued income
111,867
43,118
434,893
254,294
AT TRANSPORT SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2022
- 6 -
6
Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans
41,667
50,000
Trade creditors
159,318
87,143
Corporation tax
32,760
8,880
Other taxation and social security
47,089
48,407
Other creditors
-
0
579
Accruals and deferred income
34,367
118,280
315,201
313,289
7
Financial commitments, guarantees and contingent liabilities

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £265,251 relating to a 12 month rolling rent agreement and insurance costs..

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