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
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
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
Paul Lester Transport Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
174,930
150,751
Cash at bank and in hand
(9,754)
25,763
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
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
Paul Lester Transport Ltd
Notes to the Accounts
for the year ended 28 February 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 28 February 2023
231,900
Charge for the year
43,987
At 28 February 2023
56,970
At 28 February 2023
174,930
At 28 February 2022
150,751
Amounts falling due within one year
Trade debtors
23,173
62,932
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
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
Loans from directors
39,877
9,700
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
100,808
117,437
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).