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REGISTERED NUMBER: SC089157 (Scotland)












BLACKS TRANSPORT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022






BLACKS TRANSPORT LIMITED (REGISTERED NUMBER: SC089157)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BLACKS TRANSPORT LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2022







DIRECTORS: Mr C D C Black
Mr C E S Black
Miss S A M Black





SECRETARY: Miss S A M Black





REGISTERED OFFICE: 113 George Street
Dunoon
Argyll
PA23 8BS





REGISTERED NUMBER: SC089157 (Scotland)





ACCOUNTANTS: Craig Cleland, Chartered Accountants
21 Hunter Street
East Kilbride
G74 4LZ

BLACKS TRANSPORT LIMITED (REGISTERED NUMBER: SC089157)

STATEMENT OF FINANCIAL POSITION
31 October 2022

31.10.22 31.10.21
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 396,144 348,917

CURRENT ASSETS
Inventories 19,980 20,250
Debtors 5 339,871 307,073
359,851 327,323
CREDITORS
Amounts falling due within one year 6 361,330 313,569
NET CURRENT (LIABILITIES)/ASSETS (1,479 ) 13,754
TOTAL ASSETS LESS CURRENT
LIABILITIES

394,665

362,671

CREDITORS
Amounts falling due after more than one
year

7

146,065

118,450
NET ASSETS 248,600 244,221

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 9 238,600 234,221
SHAREHOLDERS' FUNDS 248,600 244,221

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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.

BLACKS TRANSPORT LIMITED (REGISTERED NUMBER: SC089157)

STATEMENT OF FINANCIAL POSITION - continued
31 October 2022


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 27 October 2023 and were signed on its behalf by:





Mr C D C Black - Director


BLACKS TRANSPORT LIMITED (REGISTERED NUMBER: SC089157)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2022

1. STATUTORY INFORMATION

Blacks Transport Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services, excluding value added tax.

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.
Land & Buildings - 5% on cost
Plant & Machinery - 33% on cost and 10% on reducing balance
Motor vehicles - 25% on reducing balance

It is the opinion of the Director that depreciation should not be provided on buildings because the likely residual values will be equal to or in excess of the net book value.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2021 - 15 ) .

BLACKS TRANSPORT LIMITED (REGISTERED NUMBER: SC089157)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2022

4. PROPERTY, PLANT AND EQUIPMENT
Land & Plant & Motor
Buildings Machinery vehicles Totals
£    £    £    £   
COST
At 1 November 2021 - 25,250 654,926 680,176
Additions 59,088 550 106,782 166,420
Disposals - - (33,260 ) (33,260 )
At 31 October 2022 59,088 25,800 728,448 813,336
DEPRECIATION
At 1 November 2021 - 11,665 319,594 331,259
Charge for year - 1,600 93,089 94,689
Eliminated on disposal - - (8,756 ) (8,756 )
At 31 October 2022 - 13,265 403,927 417,192
NET BOOK VALUE
At 31 October 2022 59,088 12,535 324,521 396,144
At 31 October 2021 - 13,585 335,332 348,917

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant & Motor
Machinery vehicles Totals
£    £    £   
COST
At 1 November 2021 10,025 656,778 666,803
Additions - 90,500 90,500
Transfer to ownership - (351,041 ) (351,041 )
At 31 October 2022 10,025 396,237 406,262
DEPRECIATION
At 1 November 2021 1,604 294,446 296,050
Charge for year 842 59,325 60,167
Eliminated on disposal - (8,756 ) (8,756 )
Transfer to ownership - (172,004 ) (172,004 )
At 31 October 2022 2,446 173,011 175,457
NET BOOK VALUE
At 31 October 2022 7,579 223,226 230,805
At 31 October 2021 8,421 362,332 370,753

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Trade debtors 145,381 63,560
Other debtors 110,794 147,904
Prepayments 83,696 95,609
339,871 307,073

BLACKS TRANSPORT LIMITED (REGISTERED NUMBER: SC089157)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Bank loans and overdrafts 73,539 3,834
Hire purchase contracts 82,519 134,940
Trade creditors 154,003 103,954
Social security and other taxes 8,676 15,556
VAT 22,647 27,908
Other creditors 10,413 -
Accrued expenses 9,533 27,377
361,330 313,569

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.22 31.10.21
£    £   
Hire purchase contracts 108,369 89,254
Directors loan accounts 37,696 29,196
146,065 118,450

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.22 31.10.21
£    £   
Bank overdrafts 73,539 3,834

The bank holds a Bond and Floating Charge over the assets of the company.

9. RESERVES
Retained
earnings
£   

At 1 November 2021 234,221
Profit for the year 4,379
At 31 October 2022 238,600

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors due after more than one year are amounts owed to the director, Mr C D C Black, of £36,196 and to director Mr C E S Black, of £1,500, No interest will be payable on this loan. There is no fixed repayment term however, the loan will not be repaid until the company is in the position to do so.

BLACKS TRANSPORT LIMITED (REGISTERED NUMBER: SC089157)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2022

11. RELATED PARTY DISCLOSURES

Black of Dunoon (Bakers) Limited

Mr C D C Black is a director and majority shareholder in the above company which is registered in Scotland.Mr C E S Black is also a director of the above company.

(a) Blacks Transport Limited provided services to Black of Dunoon (Bakers) Limited to the value of £6,330.These transactions were in the normal course of business on an arms length basis.

(b) During the year the company purchased £21,766 of goods and services from the company. These transactions were in the normal course of business on an arms length basis

(c) At 31st October 2022 the amount due to the company by Black of Dunoon (Bakers) Limited & included in other debtors was £98,876




C M Black Distribution

Messrs C D C Black & C E S Black are partners in the above partnership.

(a) During the year the company provided goods and services of £16,617 to the partnership. These transactions were in the normal course of business on an arms length basis.

(b) During the year the company purchased £16,282 of goods and services from the partnership. These transactions were in the normal course of business on an arms length basis.

(c) At 31st October 2022 the amount due to the company by C M Black Distribution and included in other debtors was £38,366




R & S Distribution

Mr C E S Black is a partner in the above partnership


(a) At 31st October 2022 the amount due to the company by R & S Distribution and included in other debtors was £2,087.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr C D C Black.