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REGISTERED NUMBER: 01849440 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

A.M. Clearing (Transport) Limited

A.M. Clearing (Transport) Limited (Registered number: 01849440)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.M. Clearing (Transport) Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: I Dalby
M Dalby
Mrs E Dalby





SECRETARY: Mrs E Dalby





REGISTERED OFFICE: 1 Provan Way
Blacon
Chester
Cheshire
CH1 5JZ





REGISTERED NUMBER: 01849440 (England and Wales)





ACCOUNTANTS: Johnstone Howell & Co
104 Whitby Road
Ellesmere Port
Cheshire
CH65 0AB

A.M. Clearing (Transport) Limited (Registered number: 01849440)

Balance Sheet
31 August 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 666,312 578,580

CURRENT ASSETS
Stocks 15,245 16,483
Debtors 5 98,585 124,647
Cash at bank and in hand 458,622 455,452
572,452 596,582
CREDITORS
Amounts falling due within one year 6 38,995 80,336
NET CURRENT ASSETS 533,457 516,246
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,199,769

1,094,826

PROVISIONS FOR LIABILITIES 7 98,945 58,417
NET ASSETS 1,100,824 1,036,409

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 1,100,724 1,036,309
SHAREHOLDERS' FUNDS 1,100,824 1,036,409

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

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

A.M. Clearing (Transport) Limited (Registered number: 01849440)

Balance Sheet - continued
31 August 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 2 November 2023 and were signed on its behalf by:




I Dalby - Director



M Dalby - Director


A.M. Clearing (Transport) Limited (Registered number: 01849440)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

A.M. Clearing (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 comprises the fair value of the sale of goods and services net of vat, rebates and discounts. Sales of goods and services are recognised when the company has delivered the goods and services to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Portable buildings - at varying rates on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

A.M. Clearing (Transport) Limited (Registered number: 01849440)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Freehold Portable Plant and
property buildings machinery
£ £ £
COST
At 1 September 2022 261,301 69,671 47,666
Additions - - 7,350
Disposals - - -
At 31 August 2023 261,301 69,671 55,016
DEPRECIATION
At 1 September 2022 - 68,460 44,162
Charge for year - 300 1,570
Eliminated on disposal - - -
At 31 August 2023 - 68,760 45,732
NET BOOK VALUE
At 31 August 2023 261,301 911 9,284
At 31 August 2022 261,301 1,211 3,504

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
COST
At 1 September 2022 900 1,036,381 4,945 1,420,864
Additions - 205,450 - 212,800
Disposals - (55,000 ) - (55,000 )
At 31 August 2023 900 1,186,831 4,945 1,578,664
DEPRECIATION
At 1 September 2022 899 724,372 4,391 842,284
Charge for year - 122,726 471 125,067
Eliminated on disposal - (54,999 ) - (54,999 )
At 31 August 2023 899 792,099 4,862 912,352
NET BOOK VALUE
At 31 August 2023 1 394,732 83 666,312
At 31 August 2022 1 312,009 554 578,580

Included in cost of land and buildings is freehold land of £ 261,301 (2022 - £ 261,301 ) which is not depreciated.

A.M. Clearing (Transport) Limited (Registered number: 01849440)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 92,588 112,229
Other debtors - 7,250
VAT 1,329 -
Prepayments 4,668 5,168
98,585 124,647

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 23,109 57,872
Tax 6,219 (3,188 )
Social security and other taxes (8,163 ) 6,668
VAT - 2,040
Proposed dividends 1,000 2,500
Other creditors 5,962 6,791
Accrued expenses 10,868 7,653
38,995 80,336

7. PROVISIONS FOR LIABILITIES
2023 2022
£ £
Deferred tax 98,945 58,417

Deferred tax
£
Balance at 1 September 2022 58,417
Accelerated capital allowances 40,528
Balance at 31 August 2023 98,945

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary shares £1 100 100

9. RESERVES
Retained
earnings
£

At 1 September 2022 1,036,309
Profit for the year 70,415
Dividends (6,000 )
At 31 August 2023 1,100,724

A.M. Clearing (Transport) Limited (Registered number: 01849440)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

10. ULTIMATE CONTROLLING PARTY

The directors are deemed to control the company by virtue of their shareholdings.