Silverfin false 31/03/2023 01/04/2022 31/03/2023 Alan John Baxter 16/11/2022 Dale Lesley Cheesman 28/03/2003 Richard Charles Colley 28/03/2003 Philip Hartwell 03/09/2008 Deborah Claire Hill 14/11/2018 Anna Karen Lee 14/11/2018 Derrick Malcolm Osborne 09/10/2013 Anna Patricia Rendell Knights 13/09/2004 Michael John Wyatt 06/02/2017 10 November 2023 The principle activity of the company during the year was provision of transport service. 04715958 2023-03-31 04715958 bus:Director1 2023-03-31 04715958 bus:Director2 2023-03-31 04715958 bus:Director3 2023-03-31 04715958 bus:Director4 2023-03-31 04715958 bus:Director5 2023-03-31 04715958 bus:Director6 2023-03-31 04715958 bus:Director7 2023-03-31 04715958 bus:Director8 2023-03-31 04715958 bus:Director9 2023-03-31 04715958 2022-03-31 04715958 core:CurrentFinancialInstruments 2023-03-31 04715958 core:CurrentFinancialInstruments 2022-03-31 04715958 core:OtherCapitalReserve 2023-03-31 04715958 core:OtherCapitalReserve 2022-03-31 04715958 core:RetainedEarningsAccumulatedLosses 2023-03-31 04715958 core:RetainedEarningsAccumulatedLosses 2022-03-31 04715958 core:LandBuildings 2022-03-31 04715958 core:PlantMachinery 2022-03-31 04715958 core:Vehicles 2022-03-31 04715958 core:ComputerEquipment 2022-03-31 04715958 core:LandBuildings 2023-03-31 04715958 core:PlantMachinery 2023-03-31 04715958 core:Vehicles 2023-03-31 04715958 core:ComputerEquipment 2023-03-31 04715958 2022-04-01 2023-03-31 04715958 bus:FullAccounts 2022-04-01 2023-03-31 04715958 bus:SmallEntities 2022-04-01 2023-03-31 04715958 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 04715958 bus:CompanyLimitedByGuarantee 2022-04-01 2023-03-31 04715958 bus:Director1 2022-04-01 2023-03-31 04715958 bus:Director2 2022-04-01 2023-03-31 04715958 bus:Director3 2022-04-01 2023-03-31 04715958 bus:Director4 2022-04-01 2023-03-31 04715958 bus:Director5 2022-04-01 2023-03-31 04715958 bus:Director6 2022-04-01 2023-03-31 04715958 bus:Director7 2022-04-01 2023-03-31 04715958 bus:Director8 2022-04-01 2023-03-31 04715958 bus:Director9 2022-04-01 2023-03-31 04715958 core:LandBuildings core:TopRangeValue 2022-04-01 2023-03-31 04715958 core:PlantMachinery 2022-04-01 2023-03-31 04715958 core:Vehicles 2022-04-01 2023-03-31 04715958 core:ComputerEquipment 2022-04-01 2023-03-31 04715958 2021-04-01 2022-03-31 04715958 core:LandBuildings 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 04715958 (England and Wales)

HARWICH CONNEXIONS TRANSPORT CO-OPERATIVE LIMITED

(A company limited by guarantee)

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

HARWICH CONNEXIONS TRANSPORT CO-OPERATIVE LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

HARWICH CONNEXIONS TRANSPORT CO-OPERATIVE LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2023
HARWICH CONNEXIONS TRANSPORT CO-OPERATIVE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
DIRECTORS Alan John Baxter
Dale Lesley Cheesman
Richard Charles Colley
Philip Hartwell
Deborah Claire Hill
Anna Karen Lee
Derrick Malcolm Osborne
Anna Patricia Rendell Knights
Michael John Wyatt
REGISTERED OFFICE Park Pavilion
Barrack Lane
Harwich
CO12 3NS
United Kingdom
COMPANY NUMBER 04715958 (England and Wales)
CHARTERED ACCOUNTANTS Gascoynes
Gascoyne House
Moseleys Farm Business Centre
Fornham All Saints
Bury St Edmunds
Suffolk
IP28 6JY
HARWICH CONNEXIONS TRANSPORT CO-OPERATIVE LIMITED

BALANCE SHEET

As at 31 March 2023
HARWICH CONNEXIONS TRANSPORT CO-OPERATIVE LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 78,911 105,854
78,911 105,854
Current assets
Debtors 4 70,867 16,736
Cash at bank and in hand 284,968 347,706
355,835 364,442
Creditors: amounts falling due within one year 5 ( 96,861) ( 118,375)
Net current assets 258,974 246,067
Total assets less current liabilities 337,885 351,921
Net assets 337,885 351,921
Reserves
Other reserves 145,661 145,661
Profit and loss account 192,224 206,260
Total reserves 337,885 351,921

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.

Directors' responsibilities:

The financial statements of Harwich Connexions Transport Co-operative Limited (registered number: 04715958) were approved and authorised for issue by the Board of Directors on 10 November 2023. They were signed on its behalf by:

Richard Charles Colley
Director
HARWICH CONNEXIONS TRANSPORT CO-OPERATIVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
HARWICH CONNEXIONS TRANSPORT CO-OPERATIVE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Harwich Connexions Transport Co-operative Limited (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Park Pavilion, Barrack Lane, Harwich, CO12 3NS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

The deferred tax asset included in these accounts has arisen due to taxable losses that have arisen this year and accumulated over previous years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 20 years straight line
Plant and machinery 20 % reducing balance
Vehicles 25 % reducing balance
Computer equipment 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 18 14

3. Tangible assets

Land and buildings Plant and machinery Vehicles Computer equipment Total
£ £ £ £ £
Cost
At 01 April 2022 60,000 0 318,607 1,176 379,783
Additions 0 246 0 584 830
At 31 March 2023 60,000 246 318,607 1,760 380,613
Accumulated depreciation
At 01 April 2022 53,292 0 220,617 20 273,929
Charge for the financial year 3,000 25 24,497 251 27,773
At 31 March 2023 56,292 25 245,114 271 301,702
Net book value
At 31 March 2023 3,708 221 73,493 1,489 78,911
At 31 March 2022 6,708 0 97,990 1,156 105,854

4. Debtors

2023 2022
£ £
Trade debtors 6,006 14,076
Deferred tax asset 44,337 0
Other debtors 20,524 2,660
70,867 16,736

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 10,246 4,110
Other taxation and social security 3,294 ( 732)
Other creditors 83,321 114,997
96,861 118,375