IRIS Accounts Production v23.1.5.20 05729330 director 1.4.22 31.3.23 31.3.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure057293302022-03-31057293302023-03-31057293302022-04-012023-03-31057293302021-03-31057293302021-04-012022-03-31057293302022-03-3105729330ns16:EnglandWales2022-04-012023-03-3105729330ns15:PoundSterling2022-04-012023-03-3105729330ns11:Director12022-04-012023-03-3105729330ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3105729330ns11:SmallEntities2022-04-012023-03-3105729330ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3105729330ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3105729330ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3105729330ns11:FullAccounts2022-04-012023-03-310572933012022-04-012023-03-3105729330ns11:OrdinaryShareClass12022-04-012023-03-3105729330ns11:CompanySecretary12022-04-012023-03-3105729330ns11:RegisteredOffice2022-04-012023-03-3105729330ns6:CurrentFinancialInstruments2023-03-3105729330ns6:CurrentFinancialInstruments2022-03-3105729330ns6:Non-currentFinancialInstruments2023-03-3105729330ns6:Non-currentFinancialInstruments2022-03-3105729330ns6:ShareCapital2023-03-3105729330ns6:ShareCapital2022-03-3105729330ns6:RetainedEarningsAccumulatedLosses2023-03-3105729330ns6:RetainedEarningsAccumulatedLosses2022-03-3105729330ns6:NetGoodwill2022-04-012023-03-3105729330ns6:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3105729330ns6:PlantMachinery2022-04-012023-03-3105729330ns6:MotorVehicles2022-04-012023-03-3105729330ns6:NetGoodwill2022-03-3105729330ns6:NetGoodwill2023-03-3105729330ns6:NetGoodwill2022-03-3105729330ns6:PlantMachinery2022-03-3105729330ns6:PlantMachinery2023-03-3105729330ns6:PlantMachinery2022-03-3105729330ns6:LeasedAssetsHeldAsLessee2022-04-012023-03-3105729330ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3105729330ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3105729330ns6:Secured2023-03-3105729330ns6:Secured2022-03-3105729330ns11:OrdinaryShareClass12023-03-31
REGISTERED NUMBER: 05729330 (England and Wales)














ALAN BEASLEY TRANSPORT LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






ALAN BEASLEY TRANSPORT LTD (REGISTERED NUMBER: 05729330)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALAN BEASLEY TRANSPORT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: A W Pallant





SECRETARY: A W Pallant





REGISTERED OFFICE: Unit 15,
Withy Road Industrial Estate,
Bilston,
Wolverhampton
West Midlands
WV14 0RX





REGISTERED NUMBER: 05729330 (England and Wales)





ACCOUNTANTS: BK Plus Limited
Chartered Certified Accountants
Churchfield House
36 Vicar Street
Dudley
West Midlands
DY2 8RG

ALAN BEASLEY TRANSPORT LTD (REGISTERED NUMBER: 05729330)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 151,041 150,369
151,041 150,369

CURRENT ASSETS
Debtors 6 843,772 766,962
Cash at bank 12,023 29,071
855,795 796,033
CREDITORS
Amounts falling due within one year 7 708,455 701,860
NET CURRENT ASSETS 147,340 94,173
TOTAL ASSETS LESS CURRENT
LIABILITIES

298,381

244,542

CREDITORS
Amounts falling due after more than one
year

8

(85,207

)

(35,000

)

PROVISIONS FOR LIABILITIES (37,281 ) (37,007 )
NET ASSETS 175,893 172,535

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 175,891 172,533
SHAREHOLDERS' FUNDS 175,893 172,535

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

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

ALAN BEASLEY TRANSPORT LTD (REGISTERED NUMBER: 05729330)

BALANCE SHEET - continued
31 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 9 November 2023 and were signed by:





A W Pallant - Director


ALAN BEASLEY TRANSPORT LTD (REGISTERED NUMBER: 05729330)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Alan Beasley Transport Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

The financial statements are rounded to the nearest £.

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.

The accounts have been completed on a going concern basis on the assumption that the director will continue to support the company.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when the services are performed for the customer.

Goodwill
Goodwill was the amount paid in connection with the acquisition of the business. This was amortised evenly over its estimated useful life and has been fully amortised.

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 cost
Motor vehicles - 20% on cost

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 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.

ALAN BEASLEY TRANSPORT LTD (REGISTERED NUMBER: 05729330)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Cash and cash equivalents
Cash and cash equivalents includes deposits held at call banks.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at transaction price, less any impairment.

Going concern

The company is owed money from a related party as disclosed in note 12. Therefore if the company is not repaid the company may not be able to continue to meet its liabilities as they fall due. However the director believes the related party debtor will be repaid and therefore the accounts have been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 3,000
AMORTISATION
At 1 April 2022
and 31 March 2023 3,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

ALAN BEASLEY TRANSPORT LTD (REGISTERED NUMBER: 05729330)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 1,321,863
Additions 95,372
Disposals (35,000 )
At 31 March 2023 1,382,235
DEPRECIATION
At 1 April 2022 1,171,494
Charge for year 94,700
Eliminated on disposal (35,000 )
At 31 March 2023 1,231,194
NET BOOK VALUE
At 31 March 2023 151,041
At 31 March 2022 150,369

The net book value of tangible fixed assets includes £84,245 (2022 £92,834) in respect of assets held under hire purchase contracts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 263,361 278,238
Amounts owed by participating interests 526,447 428,313
Other debtors 53,964 60,411
843,772 766,962

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 21,459 29,344
Trade creditors 65,287 65,197
Taxation and social security 294,983 266,652
Other creditors 316,726 330,667
708,455 701,860

ALAN BEASLEY TRANSPORT LTD (REGISTERED NUMBER: 05729330)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 25,646 35,000
Hire purchase contracts 53,647 -
Taxation and social security 5,914 -
85,207 35,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 75,106 29,344
Novuna Business Finance 207,136 207,289
282,242 236,633

A debenture is held by HSBC Bank plc to secure monies and liabilities incurred by the company whether now or in the future.

A charge was created 16 June 2021, held by HSBC UK Bank plc for security over cash deposits containing fixed charges and a negative pledge over the assets of the company.

A debenture, dated 30 September 2020, is held by Novuna Business Finance containing a fixed and floating charge and a negative pledge over assets of the company.

A W Pallant, the director of the company, has given a personal guarantee to Time Finance for assets held under a hire purchase agreement. The assets have a net book value of £84,245 as at 31 March 2023.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1.00 2 2

11. OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £1,252 (2022 £56,297).

A W Pallant, the director of the company, has given a personal guarantee for future operating lease commitments of £Nil (2022 £11,580).

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the company recharged A W Pallant, a director of the company, £45,636 total gross for truck hire and drivers. A W Pallant recharged the company £36,561 total gross for truck hire and drivers. The company made net payments of £184,059 to A W Pallant. A W Pallant charged the company £95,000 net for management charges.

As at 31 March 2023 £526,447 (2022 £428,313) was due to the company from A W Pallant.