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REGISTERED NUMBER: 05034508 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31st March 2023

for

J P Skues Transport Limited

J P Skues Transport Limited (Registered number: 05034508)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J P Skues Transport Limited

Company Information
for the Year Ended 31st March 2023







DIRECTOR: J P Skues





REGISTERED OFFICE: Plum Tree Cottage
25 Franks Road
Walcote
Lutterworth
Leicestershire
LE17 4JX





REGISTERED NUMBER: 05034508 (England and Wales)





ACCOUNTANTS: Barker & Co
Chartered Accountants
Watling Offices
Smockington Lane
Wolvey
Hinckley
Leicestershire
LE10 3AY

J P Skues Transport Limited (Registered number: 05034508)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,497 16,114

CURRENT ASSETS
Debtors 5 16,137 4,302
Cash at bank 197 26
16,334 4,328
CREDITORS
Amounts falling due within one year 6 24,081 14,611
NET CURRENT LIABILITIES (7,747 ) (10,283 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,750

5,831

PROVISIONS FOR LIABILITIES 2,300 3,081
NET ASSETS 1,450 2,750

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 1,449 2,749
SHAREHOLDERS' FUNDS 1,450 2,750

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

J P Skues Transport Limited (Registered number: 05034508)

Balance Sheet - continued
31st March 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 director and authorised for issue on 27th October 2023 and were signed by:





J P Skues - Director


J P Skues Transport Limited (Registered number: 05034508)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

J P Skues 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 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.
Fixtures and office equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 2 (2022 - 2 ) .

J P Skues Transport Limited (Registered number: 05034508)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
office Motor
equipment vehicles Totals
£    £    £   
COST
At 1st April 2022 4,489 29,903 34,392
Disposals (1,980 ) - (1,980 )
At 31st March 2023 2,509 29,903 32,412
DEPRECIATION
At 1st April 2022 3,652 14,626 18,278
Charge for year 15 3,819 3,834
Eliminated on disposal (1,197 ) - (1,197 )
At 31st March 2023 2,470 18,445 20,915
NET BOOK VALUE
At 31st March 2023 39 11,458 11,497
At 31st March 2022 837 15,277 16,114


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 4,206
Director's current account 11,413 -
Prepayments 4,724 96
16,137 4,302

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 14,988 -
Social security and other taxes 1,509 2,207
Loan - MA Skues 3,000 5,400
Other creditor 234 -
Corporation tax 2,947 5,100
Director's current account - 501
Accruals 1,403 1,403
24,081 14,611

7. CALLED UP SHARE CAPITAL

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

J P Skues Transport Limited (Registered number: 05034508)

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

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2023 and 31st March 2022:

2023 2022
£    £   
J P Skues
Balance outstanding at start of year (501 ) (357 )
Amounts advanced 38,813 54,266
Amounts repaid (26,899 ) (54,410 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,413 (501 )

The director paid £240 (2022 £158) interest to the company at the rate of 2.5% p.a. for the period when his director's current account was overdrawn.

9. ULTIMATE CONTROLLING PARTY



J P Skues is the ultimate controlling party by virtue of his beneficial ownership of 100% of the company's issued share capital.