Registered number
05367336
S. Kerr Transport Limited
Unaudited Filleted Accounts
31 October 2023
S. Kerr Transport Limited
Registered number: 05367336
Balance Sheet
as at 31 October 2023
Notes 31/10/23 31/3/23
£ £
Fixed assets
Tangible assets 3 - 17,000
Current assets
Debtors 4 - 3,208
Cash at bank and in hand 112 1,446
112 4,654
Creditors: amounts falling due within one year 5 (15,725) (18,697)
Net current liabilities (15,613) (14,043)
Total assets less current liabilities (15,613) 2,957
Creditors: amounts falling due after more than one year 6 - (7,631)
Net liabilities (15,613) (4,674)
Capital and reserves
Called up share capital 10 10
Profit and loss account (15,623) (4,684)
Shareholders' funds (15,613) (4,674)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S Kerr
Director
Approved by the board on 22 February 2024
S. Kerr Transport Limited
Notes to the Accounts
for the period from 1 April 2023 to 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 15% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Unrelieved tax losses are recognised only to the extent that it is probable that they will be recovered against future taxable profits.
2 Employees 31/10/23 31/3/23
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 April 2023 20,000
Disposals (20,000)
At 31 October 2023 -
Depreciation
At 1 April 2023 3,000
Charge for the period 1,488
On disposals (4,488)
At 31 October 2023 -
Net book value
At 31 October 2023 -
At 31 March 2023 17,000
4 Debtors 31/10/23 31/3/23
£ £
Trade debtors - 2,750
Other debtors - 458
- 3,208
5 Creditors: amounts falling due within one year 31/10/23 31/3/23
£ £
Bank loans and overdrafts - 1,200
Taxation and social security costs 2 1,024
Other creditors 15,723 16,473
15,725 18,697
6 Creditors: amounts falling due after one year 31/10/23 31/3/23
£ £
Bank loans - 7,631
7 Other information
S. Kerr Transport Limited is a private company limited by shares and incorporated in England. Its registered office is:
26 Bishopdale Drive
Rainhill
Prescot
Merseyside
L35 4QH
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