1 November 2022 false No description of principal activity Taxfiler 2023.14 12969714business:PrivateLimitedCompanyLtd2022-11-012023-10-31 129697142022-10-31 129697142022-11-012023-10-31 12969714business:AuditExempt-NoAccountantsReport2022-11-012023-10-31 12969714business:FilletedAccounts2022-11-012023-10-31 129697142023-10-31 12969714business:Director12022-11-012023-10-31 12969714business:RegisteredOffice2022-11-012023-10-31 129697142022-10-31 12969714core:WithinOneYear2023-10-31 12969714core:WithinOneYear2022-10-31 12969714core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 12969714core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 12969714core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 12969714core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 12969714core:PreviouslyStatedAmount2023-10-31 12969714core:PreviouslyStatedAmount2022-10-31 12969714business:SmallEntities2022-11-012023-10-31 12969714countries:EnglandWales2022-11-012023-10-31 12969714core:MotorVehicles2022-11-012023-10-31 12969714core:MotorVehicles2022-10-31 12969714core:MotorVehicles2023-10-31 129697142021-11-012022-10-31 iso4217:GBP xbrli:pure
Company Registration No. 12969714 (England and Wales)
SP Transport (Lincs) Ltd Unaudited accounts for the year ended 31 October 2023
SP Transport (Lincs) Ltd Unaudited accounts Contents
Page
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SP Transport (Lincs) Ltd Company Information for the year ended 31 October 2023
Director
Stewart Petchey
Company Number
12969714 (England and Wales)
Registered Office
C/O REBECCA BEATON ACCOUNTANCY SERVICES MALTKILN ROAD BARTON-UPON-HUMBER DN18 5JR ENGLAND
Accountants
Rebecca Beaton Waters Edge Maltkiln Road Barton-upon-Humber Lincolnshire DN18 5JR
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SP Transport (Lincs) Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
62,479 
19,327 
Current assets
Inventories
17,056 
- 
Debtors
20,248 
16,216 
Cash at bank and in hand
(16,735)
1,561 
20,569 
17,777 
Creditors: amounts falling due within one year
(114,600)
(56,157)
Net current liabilities
(94,031)
(38,380)
Net liabilities
(31,552)
(19,053)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(31,553)
(19,054)
Shareholders' funds
(31,552)
(19,053)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 February 2024 and were signed on its behalf by
Stewart Petchey Director Company Registration No. 12969714
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SP Transport (Lincs) Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
SP Transport (Lincs) Ltd is a private company, limited by shares, registered in England and Wales, registration number 12969714. The registered office is C/O REBECCA BEATON ACCOUNTANCY SERVICES , MALTKILN ROAD, BARTON-UPON-HUMBER, DN18 5JR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% straight line
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 November 2022
28,990 
Additions
55,946 
Disposals
(12,995)
At 31 October 2023
71,941 
Depreciation
At 1 November 2022
9,663 
Charge for the year
4,131 
On disposals
(4,332)
At 31 October 2023
9,462 
Net book value
At 31 October 2023
62,479 
At 31 October 2022
19,327 
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SP Transport (Lincs) Ltd Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,976 
9,176 
Accrued income and prepayments
- 
7,040 
Other debtors
11,272 
- 
20,248 
16,216 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
28,583 
8,085 
VAT
2,449 
17,952 
Obligations under finance leases and hire purchase contracts
81,264 
19,764 
Trade creditors
23,114 
23,783 
Taxes and social security
10,602 
424 
Loans from directors
(31,412)
(13,851)
114,600 
56,157 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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