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Company Registration No. 08397314 (England and Wales)
L J Baalham Transport Limited Unaudited accounts for the year ended 31 March 2023
L J Baalham Transport Limited Unaudited accounts Contents
Page
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L J Baalham Transport Limited Company Information for the year ended 31 March 2023
Director
Lee James Baalham
Company Number
08397314 (England and Wales)
Registered Office
WHISPER COTTAGE DUKE STREET HINTLESHAM IPSWICH SUFFOLK IP8 3PW
Accountants
Gibbon Business Services Limited 17a The Green Hadleigh Ipswich Suffolk IP7 6AE
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L J Baalham Transport Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
3,000 
Tangible assets
135,728 
193,630 
135,728 
196,630 
Current assets
Debtors
26,006 
47,543 
Cash at bank and in hand
24,194 
22,582 
50,200 
70,125 
Creditors: amounts falling due within one year
(60,504)
(79,555)
Net current liabilities
(10,304)
(9,430)
Total assets less current liabilities
125,424 
187,200 
Creditors: amounts falling due after more than one year
(58,264)
(94,743)
Provisions for liabilities
Deferred tax
(25,785)
(30,982)
Net assets
41,375 
61,475 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
41,275 
61,375 
Shareholders' funds
41,375 
61,475 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 October 2023 and were signed on its behalf by
Lee James Baalham Director Company Registration No. 08397314
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L J Baalham Transport Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
L J Baalham Transport Limited is a private company, limited by shares, registered in England and Wales, registration number 08397314. The registered office is WHISPER COTTAGE DUKE STREET, HINTLESHAM, IPSWICH, SUFFOLK, IP8 3PW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Computer equipment
25% Reducing Balance
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
20,000 
At 31 March 2023
20,000 
Amortisation
At 1 April 2022
17,000 
Charge for the year
3,000 
At 31 March 2023
20,000 
Net book value
At 31 March 2023
- 
At 31 March 2022
3,000 
Goodwill is being amortised over 10 years
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L J Baalham Transport Limited Notes to the Accounts for the year ended 31 March 2023
5
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
265,359 
690 
266,049 
Disposals
(40,000)
- 
(40,000)
At 31 March 2023
225,359 
690 
226,049 
Depreciation
At 1 April 2022
71,757 
662 
72,419 
Charge for the year
45,240 
5 
45,245 
On disposals
(27,343)
- 
(27,343)
At 31 March 2023
89,654 
667 
90,321 
Net book value
At 31 March 2023
135,705 
23 
135,728 
At 31 March 2022
193,602 
28 
193,630 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
3,566 
Trade debtors
19,852 
27,910 
Accrued income and prepayments
6,154 
16,067 
26,006 
47,543 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
8,347 
8,626 
VAT
6,095 
- 
Obligations under finance leases and hire purchase contracts
18,005 
18,015 
Trade creditors
14,725 
28,387 
Taxes and social security
10,750 
1,789 
Other creditors
- 
84 
Loans from directors
1,772 
22,274 
Accruals
810 
380 
60,504 
79,555 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
23,321 
33,041 
Obligations under finance leases and hire purchase contracts
34,943 
52,948 
Taxes and social security
- 
8,754 
58,264 
94,743 
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L J Baalham Transport Limited Notes to the Accounts for the year ended 31 March 2023
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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