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REGISTERED NUMBER: 08402104 (England and Wales)







Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Chris Rudge Transport Services Limited

Chris Rudge Transport Services Limited (Registered number: 08402104)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Chris Rudge Transport Services Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: C Rudge
B C Rudge





REGISTERED OFFICE: 28 Prescott Street
Halifax
West Yorkshire
HX1 2LG





REGISTERED NUMBER: 08402104 (England and Wales)





ACCOUNTANTS: Lindley Adams Limited Chartered Accountants
28 Prescott Street
Halifax
West Yorkshire
HX1 2LG

Chris Rudge Transport Services Limited (Registered number: 08402104)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 518,240 283,813

CURRENT ASSETS
Debtors 5 159,297 156,879
Cash at bank 66,269 126,891
225,566 283,770
CREDITORS
Amounts falling due within one year 6 350,222 277,134
NET CURRENT (LIABILITIES)/ASSETS (124,656 ) 6,636
TOTAL ASSETS LESS CURRENT
LIABILITIES

393,584

290,449

CREDITORS
Amounts falling due after more than one
year

7

(130,547

)

(59,037

)

PROVISIONS FOR LIABILITIES (79,215 ) (53,925 )
NET ASSETS 183,822 177,487

CAPITAL AND RESERVES
Called up share capital 101 100
Retained earnings 183,721 177,387
SHAREHOLDERS' FUNDS 183,822 177,487

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 directors acknowledge their 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.

Chris Rudge Transport Services Limited (Registered number: 08402104)

Balance Sheet - continued
29 February 2024


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 Board of Directors and authorised for issue on 29 March 2024 and were signed on its behalf by:





C Rudge - Director


Chris Rudge Transport Services Limited (Registered number: 08402104)

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


1. STATUTORY INFORMATION

Chris Rudge Transport Services 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 the invoiced value of services provided, stated net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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.

Chris Rudge Transport Services Limited (Registered number: 08402104)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 292,777 7,382 309,439 3,006 612,604
Additions 32,000 550 403,723 - 436,273
Disposals - - (70,000 ) - (70,000 )
At 29 February 2024 324,777 7,932 643,162 3,006 978,877
DEPRECIATION
At 1 March 2023 131,978 2,511 191,587 2,715 328,791
Charge for year 48,200 813 123,011 291 172,315
Eliminated on disposal - - (40,469 ) - (40,469 )
At 29 February 2024 180,178 3,324 274,129 3,006 460,637
NET BOOK VALUE
At 29 February 2024 144,599 4,608 369,033 - 518,240
At 28 February 2023 160,799 4,871 117,852 291 283,813

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2023 125,000
Additions 343,375
At 29 February 2024 468,375
DEPRECIATION
At 1 March 2023 72,266
Charge for year 99,027
At 29 February 2024 171,293
NET BOOK VALUE
At 29 February 2024 297,082
At 28 February 2023 52,734

Chris Rudge Transport Services Limited (Registered number: 08402104)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 144,163 154,325
Other debtors - 1,000
Recoverable corporation tax 13,490 -
Prepayments and accrued income 1,644 1,554
159,297 156,879

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 10,000 11,191
Hire purchase contracts 41,244 17,972
Trade creditors 27,627 4,281
Tax - 13,490
Social security and other taxes 2,326 637
VAT 28,714 59,634
Other creditors - 38
Directors' loan accounts 234,044 152,613
Accrued expenses 6,267 17,278
350,222 277,134

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 2,500 12,500
Hire purchase contracts 118,047 36,537
130,547 59,037

8. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Hire purchase contracts 159,291 54,509

9. OTHER FINANCIAL COMMITMENTS

The company has a commitment under an operating lease at 29 February 2024 of £3,280 (2023 £3,280)