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REGISTERED NUMBER: 09412804 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

BVS TRANSPORT LIMITED

BVS TRANSPORT LIMITED (REGISTERED NUMBER: 09412804)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BVS TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: Mr Devinder Mann
Mr Sukhpal Singh





REGISTERED OFFICE: Old Corus Building
Barnfield Rd
Tipton
West Midlands
DY4 9DE





REGISTERED NUMBER: 09412804 (England and Wales)





ACCOUNTANTS: Ark Aurora Ltd
Chartered Accountants & Chartered Tax Advisers
The Maltings
2 Anderson Rd
Bearwood
Birmingham
West Midlands
B66 4AR

BVS TRANSPORT LIMITED (REGISTERED NUMBER: 09412804)

BALANCE SHEET
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 85,825 184,655

CURRENT ASSETS
Debtors 5 500,465 289,355
Cash at bank and in hand 54,766 205,188
555,231 494,543
CREDITORS
Amounts falling due within one year 6 269,133 270,408
NET CURRENT ASSETS 286,098 224,135
TOTAL ASSETS LESS CURRENT
LIABILITIES

371,923

408,790

CREDITORS
Amounts falling due after more than one
year

7

23,333

107,525
NET ASSETS 348,590 301,265

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 348,589 301,264
SHAREHOLDERS' FUNDS 348,590 301,265

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

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

BVS TRANSPORT LIMITED (REGISTERED NUMBER: 09412804)

BALANCE SHEET - continued
31 JANUARY 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 26 October 2023 and were signed on its behalf by:





Mr Sukhpal Singh - Director


BVS TRANSPORT LIMITED (REGISTERED NUMBER: 09412804)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

BVS Transport Limited is a private company, limited by shares , registered in England and Wales. 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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 16 ) .

BVS TRANSPORT LIMITED (REGISTERED NUMBER: 09412804)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2022 67,000 3,500 286,845 1,653 358,998
Additions - - 3,552 - 3,552
Disposals - - (163,150 ) - (163,150 )
Reclassification/transfer (67,000 ) - 67,000 - -
At 31 January 2023 - 3,500 194,247 1,653 199,400
DEPRECIATION
At 1 February 2022 15,320 1,260 156,543 1,220 174,343
Charge for year - 448 29,907 86 30,441
Eliminated on disposal - - (91,209 ) - (91,209 )
Reclassification/transfer (15,320 ) - 15,320 - -
At 31 January 2023 - 1,708 110,561 1,306 113,575
NET BOOK VALUE
At 31 January 2023 - 1,792 83,686 347 85,825
At 31 January 2022 51,680 2,240 130,302 433 184,655

5. DEBTORS
31.1.23 31.1.22
£    £   
Amounts falling due within one year:
Trade debtors 185,902 186,564
Directors' current accounts 118,164 -
Prepayments 100,149 21,541
404,215 208,105

Amounts falling due after more than one year:
Other debtors 96,250 81,250

Aggregate amounts 500,465 289,355

BVS TRANSPORT LIMITED (REGISTERED NUMBER: 09412804)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 59,501 40,001
Hire purchase contracts 13,854 -
Trade creditors 81,888 69,175
Newstead Creditor 21,986 16,509
Tax 56,286 55,306
Social security and other taxes (5,096 ) 2,397
Wages account - 2,707
Nest pension account 882 1,350
VAT 22,322 74,947
Directors' current accounts - 5,016
Accrued expenses 17,510 3,000
269,133 270,408

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans more 5 yr by instal 23,333 43,333
Hire purchase contracts - 64,192
23,333 107,525

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 23,333 43,333

8. RELATED PARTY DISCLOSURES

Other Debtors includes amount owed from GB Tyres (UK) Ltd : £81250 as at 31st January 2022

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Sukhpal Singh.