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REGISTERED NUMBER: SC315247 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2023

FOR

ROBERT PORTER TRANSPORT LTD.

ROBERT PORTER TRANSPORT LTD. (REGISTERED NUMBER: SC315247)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ROBERT PORTER TRANSPORT LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2023







DIRECTORS: R W Porter
Mrs L Porter





SECRETARY: Mrs L Porter





REGISTERED OFFICE: Latch Croft, Longhill
Crimond
Fraserburgh
AB43 4YX





REGISTERED NUMBER: SC315247 (Scotland)





ACCOUNTANTS: Goldwells Ltd
Goldwells House
Grange Road
Peterhead
Aberdeenshire
AB42 1WN

ROBERT PORTER TRANSPORT LTD. (REGISTERED NUMBER: SC315247)

BALANCE SHEET
30TH APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 233,924 128,251

CURRENT ASSETS
Stocks 3,510 3,360
Debtors 5 102,715 103,990
Cash at bank 67,679 85,294
173,904 192,644
CREDITORS
Amounts falling due within one year 6 95,127 74,258
NET CURRENT ASSETS 78,777 118,386
TOTAL ASSETS LESS CURRENT
LIABILITIES

312,701

246,637

CREDITORS
Amounts falling due after more than one
year

7

91,209

20,425
NET ASSETS 221,492 226,212

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 211,492 216,212
221,492 226,212

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2023 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.

ROBERT PORTER TRANSPORT LTD. (REGISTERED NUMBER: SC315247)

BALANCE SHEET - continued
30TH APRIL 2023


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 16th October 2023 and were signed on its behalf by:





Mrs L Porter - Director


ROBERT PORTER TRANSPORT LTD. (REGISTERED NUMBER: SC315247)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023

1. STATUTORY INFORMATION

Robert Porter Transport Ltd. is a private company, limited by shares , registered in Scotland. 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.
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance, 20% on reducing balance and 10% on cost

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

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.

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.

ROBERT PORTER TRANSPORT LTD. (REGISTERED NUMBER: SC315247)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2022 493,092
Additions 145,415
Disposals (114 )
At 30th April 2023 638,393
DEPRECIATION
At 1st May 2022 364,841
Charge for year 39,742
Eliminated on disposal (114 )
At 30th April 2023 404,469
NET BOOK VALUE
At 30th April 2023 233,924
At 30th April 2022 128,251

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

Plant and
machinery
etc
£   
COST
At 1st May 2022 232,010
Additions 115,000
At 30th April 2023 347,010
DEPRECIATION
At 1st May 2022 169,814
Charge for year 17,719
At 30th April 2023 187,533
NET BOOK VALUE
At 30th April 2023 159,477
At 30th April 2022 62,196

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 102,715 103,990

ROBERT PORTER TRANSPORT LTD. (REGISTERED NUMBER: SC315247)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 42,713 16,640
Trade creditors 11,677 8,795
Tax - 9,759
Social security and other taxes 4,008 3,530
VAT 34,292 32,868
Other creditors 36 -
Directors' current accounts 641 971
Accrued expenses 1,760 1,695
95,127 74,258

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 91,209 20,425