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REGISTERED NUMBER: 04517380 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Tony Hudson Transport Limited

Tony Hudson Transport Limited (Registered number: 04517380)

Contents of the Financial Statements
for the Year Ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tony Hudson Transport Limited

Company Information
for the Year Ended 31 October 2023







Director: Mr T Hudson





Secretary: Mrs J M Hudson





Registered office: 10 Hervey Street
Lowestoft
Suffolk
NR32 2JG





Registered number: 04517380 (England and Wales)





Accountants: Stephenson Smart (East Anglia) Limited
Queens Head House
The Street
Acle
Norwich
Norfolk
NR13 3DY

Tony Hudson Transport Limited (Registered number: 04517380)

Balance Sheet
31 October 2023

2023 2022
Notes £ £
Fixed assets
Tangible assets 4 82,229 15,485

Current assets
Debtors 5 7,052 4,820
Cash at bank 3,856 13,996
10,908 18,816
Creditors
Amounts falling due within one year 6 (52,645 ) (9,553 )
Net current (liabilities)/assets (41,737 ) 9,263
Total assets less current liabilities 40,492 24,748

Provisions for liabilities (8,309 ) (2,942 )
Net assets 32,183 21,806

Capital and reserves
Called up share capital 100 100
Retained earnings 32,083 21,706
32,183 21,806

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Tony Hudson Transport Limited (Registered number: 04517380)

Balance Sheet - continued
31 October 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 6 March 2024 and were signed by:





Mr T Hudson - Director


Tony Hudson Transport Limited (Registered number: 04517380)

Notes to the Financial Statements
for the Year Ended 31 October 2023


1. Statutory information

Tony Hudson Transport Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery - 25% on reducing balance and 15% on reducing balance

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.


Tony Hudson Transport Limited (Registered number: 04517380)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


2. Accounting policies - continued
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.

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 2 (2022 - 2 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 November 2022 92,080
Additions 96,000
Disposals (75,000 )
At 31 October 2023 113,080
Depreciation
At 1 November 2022 76,595
Charge for year 16,743
Eliminated on disposal (62,487 )
At 31 October 2023 30,851
Net book value
At 31 October 2023 82,229
At 31 October 2022 15,485

Tony Hudson Transport Limited (Registered number: 04517380)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 3,408 3,900
Other debtors 3,644 920
7,052 4,820

6. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors - 581
Taxation and social security 1,950 6,805
Other creditors 50,695 2,167
52,645 9,553