Company Registration No. 13269716 (England and Wales)
F AND S TRANSPORT SOLUTIONS LTD
Unaudited accounts
for the year ended 31 March 2023
F AND S TRANSPORT SOLUTIONS LTD
Unaudited accounts
Contents
F AND S TRANSPORT SOLUTIONS LTD
Company Information
for the year ended 31 March 2023
Directors
David John Sippitts
Christopher Jon Flattery
Company Number
13269716 (England and Wales)
Registered Office
12 BERKELEY CLOSE
REDDITCH
B98 0QB
ENGLAND
Accountants
AC Counts & Services Ltd
Office 42
Imex Business Centre, Oxleasow Road
Redditch
Worcestershire
B98 0RE
F AND S TRANSPORT SOLUTIONS LTD
Statement of financial position
as at 31 March 2023
Tangible assets
6,392
23,790
Cash at bank and in hand
7,119
3,606
Creditors: amounts falling due within one year
(7,355)
(8,961)
Net current assets
4,663
17,865
Total assets less current liabilities
11,055
41,655
Creditors: amounts falling due after more than one year
(25,000)
(35,245)
Net (liabilities)/assets
(13,945)
6,410
Profit and loss account
(13,945)
6,410
Shareholders' funds
(13,945)
6,410
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 November 2023 and were signed on its behalf by
David John Sippitts
Director
Company Registration No. 13269716
F AND S TRANSPORT SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 March 2023
F AND S TRANSPORT SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 13269716. The registered office is 12 BERKELEY CLOSE, REDDITCH, B98 0QB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing Balance Method
4
Tangible fixed assets
Motor vehicles
F AND S TRANSPORT SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
4,045
23,220
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
882
-
Loans from directors
644
312
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
15,245
Loans from directors
25,000
20,000
8
Transactions with related parties
At the year end, there was a balance of £13500 owed to David Sippitts & £6500 owed to Christopher Flattery.
9
Average number of employees
During the year the average number of employees was 2 (2022: 0).