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REGISTERED NUMBER: 13932372 (England and Wales)












Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Thruxton Transport Limited

Thruxton Transport Limited (Registered number: 13932372)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Thruxton Transport Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: I R Mace





REGISTERED OFFICE: 52 Shaw Close
Andover
Hampshire
SP10 3BT





REGISTERED NUMBER: 13932372 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
Bennett House
The Dean
Alresford
Hampshire
SO24 9BH

Thruxton Transport Limited (Registered number: 13932372)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,380 235

CURRENT ASSETS
Debtors 5 6,181 7,912
Cash at bank 11,131 8,749
17,312 16,661
CREDITORS
Amounts falling due within one year 6 10,212 17,522
NET CURRENT ASSETS/(LIABILITIES) 7,100 (861 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,480

(626

)

PROVISIONS FOR LIABILITIES 7 1,022 -
NET ASSETS/(LIABILITIES) 11,458 (626 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 11,457 (627 )
SHAREHOLDERS' FUNDS 11,458 (626 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

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 22 March 2024 and were signed by:




I R Mace - Director


Thruxton Transport Limited (Registered number: 13932372)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Thruxton 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.

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.

The director considers the use of the going concern basis of accounting appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern. The financial statements have therefore been prepared on a going concern basis. The director has confirmed that he will continue to support the company and will not recall his loan if it would render the company unable to pay its liabilities as they fall due.

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.
Plant and machinery - 20% on cost
Computer equipment - 33% on cost

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.

3. EMPLOYEES

The average number of employees during the year was NIL (2023 - NIL).

Thruxton Transport Limited (Registered number: 13932372)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 March 2023 - 292 292
Additions 4,808 1,060 5,868
At 29 February 2024 4,808 1,352 6,160
DEPRECIATION
At 1 March 2023 - 57 57
Charge for year 305 418 723
At 29 February 2024 305 475 780
NET BOOK VALUE
At 29 February 2024 4,503 877 5,380
At 28 February 2023 - 235 235

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,329 5,694
Other debtors - 500
Deferred tax asset - 167
Prepayments and accrued income 2,852 1,551
6,181 7,912

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 484 -
Corporation tax 5,984 -
VAT 2,242 2,498
Other creditors - 2,000
Directors' current accounts 152 11,724
Accrued expenses 1,350 1,300
10,212 17,522

7. PROVISIONS FOR LIABILITIES
2024
£   
Deferred tax
Accelerated capital allowances 1,022

Thruxton Transport Limited (Registered number: 13932372)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 March 2023 (167 )
Accelerated capital allowances 977
Unrelieved trading losses 212
Balance at 29 February 2024 1,022

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £18,500 were paid to the director .

The director maintains a loan account with the company. At the balance sheet date the company owed him £152 (2023 - £11,724).