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REGISTERED NUMBER: 01690384 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

A.K. BUTCHER TRANSPORT LIMITED

A.K. BUTCHER TRANSPORT LIMITED (REGISTERED NUMBER: 01690384)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.K. BUTCHER TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: K Butcher
Mrs S Butcher





SECRETARY:





REGISTERED OFFICE: Old Bank
The Triangle
Paulton
Bristol
BS39 7LE





REGISTERED NUMBER: 01690384 (England and Wales)





ACCOUNTANTS: Peregrine
Chartered Accountants
Old Bank
The Triangle
Paulton
Bristol
BS39 7LE

A.K. BUTCHER TRANSPORT LIMITED (REGISTERED NUMBER: 01690384)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 769,358 404,901

CURRENT ASSETS
Stocks 5 6,333 10,199
Debtors 6 577,632 539,700
Cash at bank and in hand 967,967 408,230
1,551,932 958,129
CREDITORS
Amounts falling due within one year 7 546,848 454,019
NET CURRENT ASSETS 1,005,084 504,110
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,774,442

909,011

CREDITORS
Amounts falling due after more than one
year

8

-

(35,000

)

PROVISIONS FOR LIABILITIES (146,463 ) (76,931 )
NET ASSETS 1,627,979 797,080

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 9 72 72
Retained earnings 9 1,627,807 796,908
SHAREHOLDERS' FUNDS 1,627,979 797,080

A.K. BUTCHER TRANSPORT LIMITED (REGISTERED NUMBER: 01690384)

BALANCE SHEET - continued
30 JUNE 2023


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

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

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 31 October 2023 and were signed on its behalf by:




K Butcher - Director



Mrs S Butcher - Director


A.K. BUTCHER TRANSPORT LIMITED (REGISTERED NUMBER: 01690384)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

A.K. Butcher 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 represents net invoiced sales of goods & services, exclusive of VAT. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced.

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 - 33% on cost
Motor Vehicles - 25% on reducing balance

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.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2022 - 23 ) .

A.K. BUTCHER TRANSPORT LIMITED (REGISTERED NUMBER: 01690384)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery Vehicles Totals
£    £    £   
COST
At 1 July 2022 48,325 800,894 849,219
Additions - 638,113 638,113
Disposals - (237,442 ) (237,442 )
At 30 June 2023 48,325 1,201,565 1,249,890
DEPRECIATION
At 1 July 2022 37,556 406,762 444,318
Charge for year 708 231,984 232,692
Eliminated on disposal - (196,478 ) (196,478 )
At 30 June 2023 38,264 442,268 480,532
NET BOOK VALUE
At 30 June 2023 10,061 759,297 769,358
At 30 June 2022 10,769 394,132 404,901

5. STOCKS
2023 2022
£    £   
Stocks 6,333 10,199

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 402,773 350,638
Amounts recoverable on contract 162,812 180,185
Other debtors 12,047 8,877
577,632 539,700

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 10,000
Trade creditors 94,685 86,544
Taxation and social security 295,741 234,910
Other creditors 156,422 122,565
546,848 454,019

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 35,000

A.K. BUTCHER TRANSPORT LIMITED (REGISTERED NUMBER: 01690384)

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

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 July 2022 796,908 72 796,980
Profit for the year 901,151 901,151
Dividends (70,252 ) (70,252 )
At 30 June 2023 1,627,807 72 1,627,879