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REGISTERED NUMBER: 06512931 (England and Wales)















GLEVUM TRANSPORT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MARCH 2022






GLEVUM TRANSPORT LIMITED (REGISTERED NUMBER: 06512931)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2022










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 8


GLEVUM TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2022







DIRECTOR: Mr D M Lindsey



REGISTERED OFFICE: 43-45 Devizes Road
SWINDON
Wiltshire
SN1 4BG



REGISTERED NUMBER: 06512931 (England and Wales)



ACCOUNTANTS: Morris Owen
Chartered Accountants
43-45 Devizes Road
SWINDON
Wiltshire
SN1 4BG



BANKERS: National Westminster Bank Plc
84 Commercial Road
SWINDON
Wiltshire
SN1 5NW

GLEVUM TRANSPORT LIMITED (REGISTERED NUMBER: 06512931)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,693 12,502
Property, plant and equipment 5 505,098 380,908
508,791 393,410

CURRENT ASSETS
Debtors 6 379,721 350,677
Cash at bank 376,379 462,532
756,100 813,209
CREDITORS
Amounts falling due within one year 7 493,911 499,029
NET CURRENT ASSETS 262,189 314,180
TOTAL ASSETS LESS CURRENT
LIABILITIES

770,980

707,590

CREDITORS
Amounts falling due after more than
one year

8

(94,300

)

(33,725

)

PROVISIONS FOR LIABILITIES (24,088 ) (39,562 )
NET ASSETS 652,592 634,303

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 652,591 634,302
SHAREHOLDERS' FUNDS 652,592 634,303

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 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.

GLEVUM TRANSPORT LIMITED (REGISTERED NUMBER: 06512931)

STATEMENT OF FINANCIAL POSITION - continued
31ST MARCH 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9th September 2022 and were signed by:





Mr D M Lindsey - Director


GLEVUM TRANSPORT LIMITED (REGISTERED NUMBER: 06512931)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2022


1. STATUTORY INFORMATION

The company is a private company limited by shares and incorporated in England and Wales.

The registered number is 06512931.

The registered office address is Chelworth Lodge, Chelworth, Cricklade, Swindon, Wiltshire, SN6 6HB.

These financial statements are presented in British Pounds (GBP) rounded to the nearest pound, which is the company's functional and presentational currency.

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.

Significant judgements and estimates
In preparing these financial statements, the directors have made the following judgements:
- Determine whether leases entered into by the company as a lessee are operating leases or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.
- Determine the period of useful economic life and any residual value of all tangible fixed assets order to write off the value of each asset over that period.
- Determine an appropriate provision for bad and doubtful debts by assessing the recoverability of all balances on a balance by balance basis.
- Determine an appropriate provision for obsolete and slow moving stocks by assessing the net realisable value of all stock lines on a line by line basis.
- Determine an appropriate provision for dilapidations by assessing the probable future obligations expected to exist at the end of the property lease.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

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.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short term trade creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


GLEVUM TRANSPORT LIMITED (REGISTERED NUMBER: 06512931)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 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 statement of financial position date.

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.

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.

Government grants
During the year, the company became eligible for grants under the Coronavirus Job Retention Scheme (CJRS). The amount receivable of £33,536 (2021: £206,677) has been accounted for under the accruals basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2021 - 20 ) .

GLEVUM TRANSPORT LIMITED (REGISTERED NUMBER: 06512931)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2022


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st April 2021
and 31st March 2022 44,045
AMORTISATION
At 1st April 2021 31,543
Charge for year 8,809
At 31st March 2022 40,352
NET BOOK VALUE
At 31st March 2022 3,693
At 31st March 2021 12,502

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2021 79,475 1,157,281 1,236,756
Additions - 224,065 224,065
At 31st March 2022 79,475 1,381,346 1,460,821
DEPRECIATION
At 1st April 2021 6,358 849,490 855,848
Charge for year 1,589 98,286 99,875
At 31st March 2022 7,947 947,776 955,723
NET BOOK VALUE
At 31st March 2022 71,528 433,570 505,098
At 31st March 2021 73,117 307,791 380,908

GLEVUM TRANSPORT LIMITED (REGISTERED NUMBER: 06512931)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2022


5. PROPERTY, PLANT AND EQUIPMENT - continued

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

Plant and
machinery
etc
£   
COST
At 1st April 2021 195,992
Additions 206,000
Transfer to ownership (100,992 )
At 31st March 2022 301,000
DEPRECIATION
At 1st April 2021 96,424
Charge for year 35,773
Transfer to ownership (59,291 )
At 31st March 2022 72,906
NET BOOK VALUE
At 31st March 2022 228,094
At 31st March 2021 99,568

6. DEBTORS
2022 2021
£    £   
Amounts falling due within one year:
Trade debtors 350,724 318,787
Other debtors 22,727 25,620
373,451 344,407

Amounts falling due after more than one year:
Other debtors 6,270 6,270

Aggregate amounts 379,721 350,677

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts and finance leases 85,839 46,543
Trade creditors 14,317 27,213
Taxation and social security 46,092 79,219
Other creditors 347,663 346,054
493,911 499,029

GLEVUM TRANSPORT LIMITED (REGISTERED NUMBER: 06512931)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2022


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Hire purchase contracts and finance leases 94,300 33,725

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
1 Ordinary £1 1 1

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2022 and 31st March 2021:

2022 2021
£    £   
Mr D M Lindsey
Balance outstanding at start of year 19,427 19,306
Amounts advanced 600 121
Amounts repaid (2,377 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,650 19,427