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REGISTERED NUMBER: 10056910 (England and Wales)















FLEET TRANSPORT SERVICES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






FLEET TRANSPORT SERVICES LTD (REGISTERED NUMBER: 10056910)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FLEET TRANSPORT SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: P A Kent





SECRETARY: Indigo Secretaries Limited





REGISTERED OFFICE: 3 Kensworth Gate
200-204 High St South
Dunstable
Bedfordshire
LU6 3HS





REGISTERED NUMBER: 10056910 (England and Wales)





ACCOUNTANTS: Higginson & Co (UK) Ltd
3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS

FLEET TRANSPORT SERVICES LTD (REGISTERED NUMBER: 10056910)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,098 73,917

CURRENT ASSETS
Stocks 1,707 2,468
Debtors 5 167,206 98,036
Cash at bank and in hand 279,437 371,109
448,350 471,613
CREDITORS
Amounts falling due within one year 6 154,646 197,129
NET CURRENT ASSETS 293,704 274,484
TOTAL ASSETS LESS CURRENT
LIABILITIES

347,802

348,401

PROVISIONS FOR LIABILITIES 7 10,896 18,676
NET ASSETS 336,906 329,725

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 336,806 329,625
SHAREHOLDERS' FUNDS 336,906 329,725

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

FLEET TRANSPORT SERVICES LTD (REGISTERED NUMBER: 10056910)

BALANCE SHEET - continued
30 JUNE 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 30 November 2023 and were signed by:





P A Kent - Director


FLEET TRANSPORT SERVICES LTD (REGISTERED NUMBER: 10056910)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023


1. STATUTORY INFORMATION

Fleet Transport Services 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.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 or deferred taxation assets and liabilities are not discounted.

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.

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

FLEET TRANSPORT SERVICES LTD (REGISTERED NUMBER: 10056910)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 July 2022 42,072 113,984 156,056
Additions 708 - 708
At 30 June 2023 42,780 113,984 156,764
DEPRECIATION
At 1 July 2022 19,449 62,690 82,139
Charge for year 7,702 12,825 20,527
At 30 June 2023 27,151 75,515 102,666
NET BOOK VALUE
At 30 June 2023 15,629 38,469 54,098
At 30 June 2022 22,623 51,294 73,917

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 106,586 85,761
Directors' current accounts 37,638 -
Prepayments and accrued income 22,982 12,275
167,206 98,036

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Corporation tax 20,555 39,062
Social security and other taxes 10,922 2,739
VAT 60,164 87,332
Directors' current accounts - 3,640
Accrued expenses 63,005 64,356
154,646 197,129

FLEET TRANSPORT SERVICES LTD (REGISTERED NUMBER: 10056910)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023


7. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax
Accelerated capital allowances 10,896 18,676

Deferred
tax
£   
Balance at 1 July 2022 18,676
Credit to Income Statement during year (7,780 )
Balance at 30 June 2023 10,896

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 £1 A Ordinary shares £1 100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
P A Kent
Balance outstanding at start of year 3,640 13,699
Amounts repaid (41,278 ) (10,059 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (37,638 ) 3,640

Interest has been charged at the official rate on the directors overdrawn loan account.

The overdrawn balance has been repaid by the director.