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AET Transport Group Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 August 2023

Registration number: 10774230

 

AET Transport Group Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

AET Transport Group Limited

Balance Sheet

31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

250,100

250,100

Current assets

 

Debtors

5

1,773,983

1,780,338

Cash at bank and in hand

 

203

615

 

1,774,186

1,780,953

Creditors: Amounts falling due within one year

6

(15,024)

(16,679)

Net current assets

 

1,759,162

1,764,274

Net assets

 

2,009,262

2,014,374

Capital and reserves

 

Called up share capital

7

250,000

250,000

Profit and loss account

1,759,262

1,764,374

Shareholders' funds

 

2,009,262

2,014,374

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 28 February 2024 and signed on its behalf by:
 

.........................................
A E Trotter
Director

.........................................
S A Trotter
Director

 
     

Company Registration Number: 10774230

 

AET Transport Group Limited

Notes to the Unaudited Financial Statements

Year Ended 31 August 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:
Alan's House
51 Holton Road
Holton Heath Trading Park
Poole
Dorset
BH16 6LT

These financial statements were authorised for issue by the Board on 28 February 2024.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

AET Transport Group Limited

Notes to the Unaudited Financial Statements

Year Ended 31 August 2023

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.


 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

AET Transport Group Limited

Notes to the Unaudited Financial Statements

Year Ended 31 August 2023

4

Investments

2023
£

2022
£

Investments in subsidiaries

250,100

250,100

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

AET Transport Properties Limited

England and Wales

Ordinary

100%

100%

A.E.T. Transport Services Limited

England and Wales

Ordinary

100%

100%

Subsidiary undertakings

AET Transport Properties Limited

The principal activity of AET Transport Properties Limited is letting and operating property.

A.E.T. Transport Services Limited

The principal activity of A.E.T. Transport Services Limited is specialist road haulers, also providing warehousing and storage facilities.

5

Debtors

Note

2023
£

2022
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

1,773,588

1,780,338

Other debtors

 

395

-

 

1,773,983

1,780,338

 

AET Transport Group Limited

Notes to the Unaudited Financial Statements

Year Ended 31 August 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Amounts due to group undertakings

10,309

10,309

Accruals and deferred income

4,715

6,370

15,024

16,679

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

250,000

250,000

250,000

250,000