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Company Registration No. 11200702 (England and Wales)
Paul Lester Transport Ltd Unaudited accounts for the year ended 28 February 2023
Paul Lester Transport Ltd Unaudited accounts Contents
Page
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Paul Lester Transport Ltd Company Information for the year ended 28 February 2023
Director
Paul James Lester
Company Number
11200702 (England and Wales)
Registered Office
1 Hood Grove Leigh Lancs WN7 3AX
Accountants
Addition Accounting Services Limited First Floor 53 Lord Street Leigh Lancashire WN7 1BY
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Paul Lester Transport Ltd for the year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Paul Lester Transport Ltd for the year ended 28 February 2023 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Paul Lester Transport Ltd, as a body, in accordance with the terms of our engagement letter dated 30 June 2023. Our work has been undertaken solely to prepare for your approval the accounts of Paul Lester Transport Ltd and state those matters that we have agreed to state to the Board of Directors of Paul Lester Transport Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Paul Lester Transport Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Paul Lester Transport Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Paul Lester Transport Ltd. You consider that Paul Lester Transport Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Paul Lester Transport Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Addition Accounting Services Limited Chartered Certified Accountants First Floor 53 Lord Street Leigh Lancashire WN7 1BY 30 June 2023
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Paul Lester Transport Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
174,930 
150,751 
Current assets
Debtors
23,173 
62,932 
Cash at bank and in hand
(9,754)
25,763 
13,419 
88,695 
Creditors: amounts falling due within one year
(159,981)
(87,250)
Net current (liabilities)/assets
(146,562)
1,445 
Total assets less current liabilities
28,368 
152,196 
Creditors: amounts falling due after more than one year
(114,160)
(137,294)
Net (liabilities)/assets
(85,792)
14,902 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(85,793)
14,901 
Shareholders' funds
(85,792)
14,902 
For the year ending 28 February 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 30 June 2023 and were signed on its behalf by
Paul James Lester Director Company Registration No. 11200702
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Paul Lester Transport Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Paul Lester Transport Ltd is a private company, limited by shares, registered in England and Wales, registration number 11200702. The registered office is 1 Hood Grove, Leigh, Lancs, WN7 3AX.
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.
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:
Motor vehicles
25% S/L 20% S/L
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2022
175,400 
Additions
76,500 
Disposals
(20,000)
At 28 February 2023
231,900 
Depreciation
At 1 March 2022
24,649 
Charge for the year
43,987 
On disposals
(11,666)
At 28 February 2023
56,970 
Net book value
At 28 February 2023
174,930 
At 28 February 2022
150,751 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
23,173 
62,932 
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Paul Lester Transport Ltd Notes to the Accounts for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
7,600 
7,600 
VAT
13,823 
17,128 
Obligations under finance leases and hire purchase contracts
59,216 
38,972 
Trade creditors
15,032 
9,059 
Taxes and social security
22,933 
4,742 
Other creditors
1,500 
49 
Loans from directors
39,877 
9,700 
159,981 
87,250 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
13,352 
19,857 
Obligations under finance leases and hire purchase contracts
100,808 
117,437 
114,160 
137,294 
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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