IRIS Accounts Production v22.2.0.402 04031449 Board of Directors 1.1.21 31.12.21 31.12.21 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure040314492020-12-31040314492021-12-31040314492021-01-012021-12-31040314492019-12-31040314492020-01-012020-12-31040314492020-12-3104031449ns16:EnglandWales2021-01-012021-12-3104031449ns15:PoundSterling2021-01-012021-12-3104031449ns11:Director12021-01-012021-12-3104031449ns11:PrivateLimitedCompanyLtd2021-01-012021-12-3104031449ns11:SmallEntities2021-01-012021-12-3104031449ns11:AuditExempt-NoAccountantsReport2021-01-012021-12-3104031449ns11:SmallCompaniesRegimeForDirectorsReport2021-01-012021-12-3104031449ns11:SmallCompaniesRegimeForAccounts2021-01-012021-12-3104031449ns11:FullAccounts2021-01-012021-12-3104031449ns11:Director22021-01-012021-12-3104031449ns11:CompanySecretary12021-01-012021-12-3104031449ns11:RegisteredOffice2021-01-012021-12-3104031449ns6:CurrentFinancialInstruments2021-12-3104031449ns6:CurrentFinancialInstruments2020-12-3104031449ns6:Non-currentFinancialInstruments2021-12-3104031449ns6:Non-currentFinancialInstruments2020-12-3104031449ns6:ShareCapital2021-12-3104031449ns6:ShareCapital2020-12-3104031449ns6:RetainedEarningsAccumulatedLosses2021-12-3104031449ns6:RetainedEarningsAccumulatedLosses2020-12-3104031449ns6:LandBuildings2021-01-012021-12-3104031449ns6:PlantMachinery2021-01-012021-12-3104031449ns6:ShortLeaseholdAssetsns6:LandBuildings2020-12-3104031449ns6:PlantMachinery2020-12-3104031449ns6:FurnitureFittings2020-12-3104031449ns6:ShortLeaseholdAssetsns6:LandBuildings2021-01-012021-12-3104031449ns6:FurnitureFittings2021-01-012021-12-3104031449ns6:ShortLeaseholdAssetsns6:LandBuildings2021-12-3104031449ns6:PlantMachinery2021-12-3104031449ns6:FurnitureFittings2021-12-3104031449ns6:ShortLeaseholdAssetsns6:LandBuildings2020-12-3104031449ns6:PlantMachinery2020-12-3104031449ns6:FurnitureFittings2020-12-3104031449ns6:MotorVehicles2020-12-3104031449ns6:ComputerEquipment2020-12-3104031449ns6:MotorVehicles2021-01-012021-12-3104031449ns6:ComputerEquipment2021-01-012021-12-3104031449ns6:MotorVehicles2021-12-3104031449ns6:ComputerEquipment2021-12-3104031449ns6:MotorVehicles2020-12-3104031449ns6:ComputerEquipment2020-12-3104031449ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2020-12-3104031449ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2021-01-012021-12-3104031449ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2021-12-3104031449ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2020-12-3104031449ns6:WithinOneYearns6:CurrentFinancialInstruments2021-12-3104031449ns6:WithinOneYearns6:CurrentFinancialInstruments2020-12-31
REGISTERED NUMBER: 04031449 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2021

for

Oncourse Transport Limited

Oncourse Transport Limited (Registered number: 04031449)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oncourse Transport Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: PO Trubridge
Mrs L Trubridge





SECRETARY: Mrs L Trubridge





REGISTERED OFFICE: Sandville
Station Road
Ferryhill
Co. Durham
DL17 0EG





REGISTERED NUMBER: 04031449 (England and Wales)





ACCOUNTANTS: Little & Neal
37-38 Market Street
Ferryhill
Co. Durham
DL17 8JH

Oncourse Transport Limited (Registered number: 04031449)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,687 65,851

CURRENT ASSETS
Debtors 5 2,417 3,292
Cash at bank and in hand 65,772 32,792
68,189 36,084
CREDITORS
Amounts falling due within one year 6 77,162 43,738
NET CURRENT LIABILITIES (8,973 ) (7,654 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,714

58,197

CREDITORS
Amounts falling due after more than one
year

7

-

9,280
NET ASSETS 22,714 48,917

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 22,712 48,915
SHAREHOLDERS' FUNDS 22,714 48,917

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

Oncourse Transport Limited (Registered number: 04031449)

Balance Sheet - continued
31 December 2021


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 25 August 2022 and were signed on its behalf by:





PO Trubridge - Director


Oncourse Transport Limited (Registered number: 04031449)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

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

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.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

Oncourse Transport Limited (Registered number: 04031449)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 January 2021 2,898 29,521 20,269
Additions - 2,743 900
Disposals - - -
At 31 December 2021 2,898 32,264 21,169
DEPRECIATION
At 1 January 2021 1,739 21,254 6,026
Charge for year 290 2,241 3,711
Eliminated on disposal - - -
At 31 December 2021 2,029 23,495 9,737
NET BOOK VALUE
At 31 December 2021 869 8,769 11,432
At 31 December 2020 1,159 8,267 14,243

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2021 71,583 1,135 125,406
Additions - 397 4,040
Disposals (38,750 ) - (38,750 )
At 31 December 2021 32,833 1,532 90,696
DEPRECIATION
At 1 January 2021 29,761 775 59,555
Charge for year 3,341 164 9,747
Eliminated on disposal (10,293 ) - (10,293 )
At 31 December 2021 22,809 939 59,009
NET BOOK VALUE
At 31 December 2021 10,024 593 31,687
At 31 December 2020 41,822 360 65,851

Oncourse Transport Limited (Registered number: 04031449)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2021 62,255
Disposals (38,750 )
At 31 December 2021 23,505
DEPRECIATION
At 1 January 2021 21,678
Charge for year 3,030
Eliminated on disposal (10,293 )
At 31 December 2021 14,415
NET BOOK VALUE
At 31 December 2021 9,090
At 31 December 2020 40,577

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Other debtors 2,417 3,292

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Hire purchase contracts - 10,722
Taxation and social security 20,321 7,289
Other creditors 56,841 25,727
77,162 43,738

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.21 31.12.20
£    £   
Hire purchase contracts - 9,280