Registered number
03898433
R.L. Holding Transport Services Limited
Unaudited Filleted Accounts
31 December 2022
R.L. Holding Transport Services Limited
Registered number: 03898433
Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 418,813 354,676
Current assets
Debtors 4 207,092 276,935
Cash at bank and in hand 118,451 4,520
325,543 281,455
Creditors: amounts falling due within one year 5 (201,443) (205,046)
Net current assets 124,100 76,409
Total assets less current liabilities 542,913 431,085
Creditors: amounts falling due after more than one year 6 (169,586) (175,008)
Provisions for liabilities (66,110) (36,411)
Net assets 307,217 219,666
Capital and reserves
Called up share capital 100 100
Profit and loss account 307,117 219,566
Shareholder's funds 307,217 219,666
The Balance Sheet continues on the next page
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 6 November 2023
R.L. Holding
Director
R.L. Holding Transport Services Limited
Notes to thefinancial statements
for the year ended 31 December 2022
1 Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Motor vehicles and trailers over 4 to 10 years
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases.

The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method.

The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Both hire purchase and leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Going concern
The director is of the opinion that the company will increase its turnover and that it is well placed to manage business risks successfully. Accordingly, he has a reasonable expectation that the company will manage its resources to continue in operational existence for the foreseeable future. Thus, he continues to adopt the going concern basis of accounting in preparing the financial statements.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 10 10
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2022 34,433 1,133,740 1,168,173
Additions 763 184,695 185,458
Disposals - (174,709) (174,709)
At 31 December 2022 35,196 1,143,726 1,178,922
Depreciation
At 1 January 2022 33,347 780,150 813,497
Charge for the year 403 103,175 103,578
On disposals - (156,966) (156,966)
At 31 December 2022 33,750 726,359 760,109
Net book value
At 31 December 2022 1,446 417,367 418,813
At 31 December 2021 1,086 353,590 354,676
4 Debtors 2022 2021
£ £
Trade debtors 169,809 238,457
Other debtors 37,283 38,478
207,092 276,935
5 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts 10,000 10,000
Obligations under finance lease and hire purchase contracts 92,283 78,713
Trade creditors 63,986 100,574
Taxation and social security costs 27,019 6,924
Other creditors 8,155 8,835
201,443 205,046
6 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 24,167 34,167
Obligations under finance lease and hire purchase contracts 145,419 140,841
169,586 175,008
7 Capital commitments 2022 2021
£ £
Amounts contracted for but not provided in the accounts - 122,795
8 Pension commitments
The company operates a defined contribution pension schemes for employees. The assets of the scheme are held separately from those of the company. At the balance sheet date, unpaid contributions of £112 (2021 : £214) were due to the fund. The liability is included in other creditors.
9 Controlling party
The company was under the control of Mr. R.L. Holding throughout both the current and previous year by virtue of being the sole director and holding 100% of the issued share capital.
10 Other information
R.L. Holding Transport Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Units 42/43, St. Georges Road Industrial Estate
Donnington
Telford
Shropshire
TF2 7QZ
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