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REGISTERED NUMBER: 04926982 (England and Wales)















P & A TRANSPORT (SWEEPERS) LIMITED

Unaudited Financial Statements

for the Year Ended 31 December 2023






P & A TRANSPORT (SWEEPERS) LIMITED (REGISTERED NUMBER: 04926982)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


P & A TRANSPORT (SWEEPERS) LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTOR: P Davies





SECRETARY: P Davies





REGISTERED OFFICE: 34 Gwaun Fro
Penpedairheol
Hengoed
Mid Glamorgan
CF82 8BN





REGISTERED NUMBER: 04926982 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

P & A TRANSPORT (SWEEPERS) LIMITED (REGISTERED NUMBER: 04926982)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,189,085 2,581,027
2,189,085 2,581,027

CURRENT ASSETS
Stocks 31,750 31,500
Debtors 6 454,649 560,985
Cash at bank and in hand 1,181,402 1,119,528
1,667,801 1,712,013
CREDITORS
Amounts falling due within one year 7 845,277 864,780
NET CURRENT ASSETS 822,524 847,233
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,011,609

3,428,260

CREDITORS
Amounts falling due after more than one year 8 - (376,667 )

PROVISIONS FOR LIABILITIES (415,925 ) (490,117 )
NET ASSETS 2,595,684 2,561,476

CAPITAL AND RESERVES
Called up share capital 250 250
Retained earnings 2,595,434 2,561,226
2,595,684 2,561,476

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 10 April 2024 and were signed by:



P Davies - Director


P & A TRANSPORT (SWEEPERS) LIMITED (REGISTERED NUMBER: 04926982)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

P & A Transport (Sweepers) 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

P & A TRANSPORT (SWEEPERS) LIMITED (REGISTERED NUMBER: 04926982)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 226,000
AMORTISATION
At 1 January 2023
and 31 December 2023 226,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 58,106 22,563 3,200,408 25,289 3,306,366
Additions 21,000 - 114,679 421 136,100
Disposals (12,000 ) - (371,297 ) - (383,297 )
At 31 December 2023 67,106 22,563 2,943,790 25,710 3,059,169
DEPRECIATION
At 1 January 2023 26,215 3,716 677,923 17,485 725,339
Charge for year 4,510 1,533 338,569 2,015 346,627
Eliminated on disposal (6,372 ) - (195,510 ) - (201,882 )
At 31 December 2023 24,353 5,249 820,982 19,500 870,084
NET BOOK VALUE
At 31 December 2023 42,753 17,314 2,122,808 6,210 2,189,085
At 31 December 2022 31,891 18,847 2,522,485 7,804 2,581,027

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 419,191 535,954
Other debtors 35,458 25,031
454,649 560,985

P & A TRANSPORT (SWEEPERS) LIMITED (REGISTERED NUMBER: 04926982)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 50,000
Hire purchase contracts 210,000 560,000
Trade creditors 38,882 45,228
Amounts owed to group undertakings 309,076 -
Taxation and social security 275,729 198,590
Other creditors 11,590 10,962
845,277 864,780

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans - 166,667
Hire purchase contracts - 210,000
- 376,667

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 210,000 770,000

10. ULTIMATE CONTROLLING PARTY

The controlling party is P&A Sweepers Holdings Limited.