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Company Registration No. 11041688 (England and Wales)
Belmont Transport Limited UNAUDITED FINANCIAL STATEMENTS for the year ended 30 November 2023
Belmont Transport Limited UNAUDITED FINANCIAL STATEMENTS Contents
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Belmont Transport Limited Company Information for the year ended 30 November 2023
Director
Mr H Mangat
Company Number
11041688 (England and Wales)
Registered Office
121 Belmont Road Uxbridge Middlesex UB8 1QZ UNITED KINGDOM
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Belmont Transport Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
24,405 
34,473 
Current assets
Debtors
8,503 
10,661 
Cash at bank and in hand
37,005 
46,949 
45,508 
57,610 
Creditors: amounts falling due within one year
(28,814)
(45,801)
Net current assets
16,694 
11,809 
Total assets less current liabilities
41,099 
46,282 
Creditors: amounts falling due after more than one year
(3,473)
(8,687)
Provisions for liabilities
Deferred tax
(4,637)
(6,550)
Net assets
32,989 
31,045 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
32,988 
31,044 
Shareholders' funds
32,989 
31,045 
For the year ending 30 November 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 14 April 2024 and were signed on its behalf by
Mr H Mangat Director Company Registration No. 11041688
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Belmont Transport Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Belmont Transport Limited is a private company, limited by shares, registered in England and Wales, registration number 11041688. The registered office is 121 Belmont Road, Uxbridge, Middlesex, UB8 1QZ, UNITED KINGDOM.
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 of financial statements
The financial statements have been prepared under the historical cost convention and 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. The presentational currency of the financial statements is pound sterling (£). 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.
Turnover
Turnover is the revenue arising from the sales of goods and services. It is stated at fair value of the consideration receivable, net of value added tax, rebates and discounts. The following criteria must also be met before turnover is recognised: Rendering of services Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when the following conditions are satisfied: 1) the amount of the of the turnover can be measured reliably; 2) it is probable that the company will receive the consideration due under the contract; 3) the stage of completion of the contract at the end of the reporting period can be measured reliably.
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:
Plant & machinery
5 years; straight line
Fixtures & fittings
4 years; straight line
Computer equipment
2 years; straight line
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Belmont Transport Limited Notes to the Accounts for the year ended 30 November 2023
Taxation
The tax expense represents the sum of the current tax expense and deferred tax expense. Current tax assets are recognised when tax paid exceeds the tax payable. Current and deferred tax is charged or credited to profit and loss, except when it relates to items charged or credited to other comprehensive income or equity, when the tax follows the transaction or event it relates to and is also charged or credited to other comprehensive income, or equity. Current tax assets and current tax liabilities and deferred tax assets and deferred tax liabilities are offset, if and only if, there is a legally enforceable right to set off the amounts and the entity intends either to settle on the net basis or to realise the asset and settle the liability simultaneously. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: 1) The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and 2) Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax liabilities are recognised in respect of all timing differences that exist at the reporting date. Timing difference are differences between taxable profits and total comprehensive income that arise from the inclusion of income and expenses in tax assessments in difference periods from their recognition in the financial statements. Deferred tax assets are recognised only to the extent that it is probable that they will be recovered by the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is calculated at the tax rates that are expected to apply to the period when the asset is realised or the liability is settled based on tax rates that have been enacted or substantively enacted by the reporting date.
Pensions
The company pays into a defined contribution pension scheme. Contributions paid are charged to the statement of comprehensive income.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2022
52,000 
3,500 
845 
56,345 
Additions
- 
1,030 
366 
1,396 
At 30 November 2023
52,000 
4,530 
1,211 
57,741 
Depreciation
At 1 December 2022
19,933 
1,094 
845 
21,872 
Charge for the year
10,400 
896 
168 
11,464 
At 30 November 2023
30,333 
1,990 
1,013 
33,336 
Net book value
At 30 November 2023
21,667 
2,540 
198 
24,405 
At 30 November 2022
32,067 
2,406 
- 
34,473 
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Belmont Transport Limited Notes to the Accounts for the year ended 30 November 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,605 
10,176 
Accrued income and prepayments
838 
440 
Other debtors
60 
45 
8,503 
10,661 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
2,015 
1,966 
VAT
2,706 
3,119 
Obligations under finance leases and hire purchase contracts
3,198 
17,245 
Trade creditors
1,346 
2,092 
Taxes and social security
7,194 
6,982 
Loans from directors
11,650 
13,857 
Accruals
705 
540 
28,814 
45,801 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
3,473 
5,489 
Obligations under finance leases and hire purchase contracts
- 
3,198 
3,473 
8,687 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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