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REGISTERED NUMBER: 06807240 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

R CREASEY TRANSPORT LIMITED

R CREASEY TRANSPORT LIMITED (REGISTERED NUMBER: 06807240)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R CREASEY TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: R A Creasey
Mrs J A Creasey





REGISTERED OFFICE: 194 Cemertery Road
Wath upon Dearne
Rotherham
South Yorkshire
S63 6HX





REGISTERED NUMBER: 06807240 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

R CREASEY TRANSPORT LIMITED (REGISTERED NUMBER: 06807240)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,800 4,200
Tangible assets 5 408,600 298,455
411,400 302,655

CURRENT ASSETS
Debtors 6 157,532 195,066
Cash at bank 640,731 493,988
798,263 689,054
CREDITORS
Amounts falling due within one year 7 235,707 352,649
NET CURRENT ASSETS 562,556 336,405
TOTAL ASSETS LESS CURRENT
LIABILITIES

973,956

639,060

CREDITORS
Amounts falling due after more than one
year

8

(106,609

)

(37,271

)

PROVISIONS FOR LIABILITIES 11 (77,634 ) (56,706 )
NET ASSETS 789,713 545,083

CAPITAL AND RESERVES
Called up share capital 12 1 1
Retained earnings 789,712 545,082
SHAREHOLDERS' FUNDS 789,713 545,083

R CREASEY TRANSPORT LIMITED (REGISTERED NUMBER: 06807240)

BALANCE SHEET - continued
28 FEBRUARY 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Profit & Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by:





R A Creasey - Director


R CREASEY TRANSPORT LIMITED (REGISTERED NUMBER: 06807240)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

R Creasey 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.

Goodwill
Following the implementation of FRS102, goodwill is to be written off over a period of 10 years from adoption.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account and Retained Earnings, 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.

R CREASEY TRANSPORT LIMITED (REGISTERED NUMBER: 06807240)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 20,000
AMORTISATION
At 1 March 2022 15,800
Amortisation for year 1,400
At 28 February 2023 17,200
NET BOOK VALUE
At 28 February 2023 2,800
At 28 February 2022 4,200

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 13,728 3,098 571,700 4,907 593,433
Additions - - 229,356 - 229,356
At 28 February 2023 13,728 3,098 801,056 4,907 822,789
DEPRECIATION
At 1 March 2022 6,464 1,235 282,644 4,635 294,978
Charge for year 727 186 118,162 136 119,211
At 28 February 2023 7,191 1,421 400,806 4,771 414,189
NET BOOK VALUE
At 28 February 2023 6,537 1,677 400,250 136 408,600
At 28 February 2022 7,264 1,863 289,056 272 298,455

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 104,949 173,297
Directors' current accounts 50,583 11,009
Prepayments 2,000 10,760
157,532 195,066

R CREASEY TRANSPORT LIMITED (REGISTERED NUMBER: 06807240)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 9,829 9,586
Hire purchase contracts 35,511 81,469
Trade creditors 77,486 93,153
Tax 42,928 86,699
Social security and other taxes 182 867
VAT 63,630 75,750
Accrued expenses 6,141 5,125
235,707 352,649

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 27,442 37,271
Hire purchase contracts 79,167 -
106,609 37,271

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 9,829 9,586

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,077 9,829

Amounts falling due between two and five years:
Bank loans - 2-5 years 17,365 27,442

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 114,678 81,469

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 77,634 56,706

R CREASEY TRANSPORT LIMITED (REGISTERED NUMBER: 06807240)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 March 2022 56,706
Provided during year 20,928
Accelerated capital allowances
Balance at 28 February 2023 77,634

12. CALLED UP SHARE CAPITAL

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

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
R A Creasey and R A Creasey
Balance outstanding at start of year 11,004 -
Amounts advanced 50,583 -
Amounts repaid (11,004 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50,583 11,004

14. ULTIMATE CONTROLLING PARTY

Mr R A Creasey, director, together with close members of his family, controls the company by virtue of holding 100% of the issued share capital.