Successful Transport Strategies Limited 03194256 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is Transport consultancy Digita Accounts Production Advanced 6.30.9574.0 true true 03194256 2022-04-01 2023-03-31 03194256 2023-03-31 03194256 core:RetainedEarningsAccumulatedLosses 2023-03-31 03194256 core:ShareCapital 2023-03-31 03194256 core:CurrentFinancialInstruments 2023-03-31 03194256 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 03194256 core:FurnitureFittings 2023-03-31 03194256 bus:SmallEntities 2022-04-01 2023-03-31 03194256 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 03194256 bus:FullAccounts 2022-04-01 2023-03-31 03194256 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 03194256 bus:RegisteredOffice 2022-04-01 2023-03-31 03194256 bus:Director1 2022-04-01 2023-03-31 03194256 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 03194256 core:FurnitureFittings 2022-04-01 2023-03-31 03194256 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 03194256 countries:EnglandWales 2022-04-01 2023-03-31 03194256 2022-03-31 03194256 core:FurnitureFittings 2022-03-31 03194256 2021-04-01 2022-03-31 03194256 2022-03-31 03194256 core:RetainedEarningsAccumulatedLosses 2022-03-31 03194256 core:ShareCapital 2022-03-31 03194256 core:CurrentFinancialInstruments 2022-03-31 03194256 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 03194256 core:FurnitureFittings 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 03194256

Successful Transport Strategies Limited
 

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 31 March 2023

 

Successful Transport Strategies Limited

(Registration number: 03194256)
Statement of Financial Position as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

27

40

Current assets

 

Debtors

5

58

58

Cash at bank and in hand

 

5

125

 

63

183

Creditors: Amounts falling due within one year

6

(2,553)

(2,118)

Net current liabilities

 

(2,490)

(1,935)

Net liabilities

 

(2,463)

(1,895)

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

(2,465)

(1,897)

Shareholders' deficit

 

(2,463)

(1,895)

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the director on 20 November 2023
 

.........................................
A L Evans
Director

 

Successful Transport Strategies Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY. United Kingdom.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.

Government grants

Grants are accounted for under the accruals model as permitted by FRS 102. Grants of a revenue nature are recognised in “other income” within profit or loss in the same period as the related expenditure.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Successful Transport Strategies Limited

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

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fittings, fixtures and equipment

33% reducing balance

Trade debtors

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

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Successful Transport Strategies Limited

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

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 April 2022

987

987

At 31 March 2023

987

987

Depreciation

At 1 April 2022

947

947

Charge for the year

13

13

At 31 March 2023

960

960

Carrying amount

At 31 March 2023

27

27

At 31 March 2022

40

40

5

Debtors

2023
£

2022
£

Other debtors

58

58

58

58

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Accruals and deferred income

553

553

Other creditors

2,000

1,565

2,553

2,118

7

Going concern

The financial statements have been prepared on a going concern basis due to the continuing support of the director.