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REGISTERED NUMBER: 08603577 (England and Wales)










Financial Statements

for the Year Ended 30 July 2023

for

Tony Carter Transport Limited

Tony Carter Transport Limited (Registered number: 08603577)






Contents of the Financial Statements
for the Year Ended 30 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tony Carter Transport Limited

Company Information
for the Year Ended 30 July 2023







DIRECTOR: Mr A J Carter





REGISTERED OFFICE: 52-56 Coatsworth Road
Gateshead
Tyne and Wear
NE8 1QN





REGISTERED NUMBER: 08603577 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
52-56 Coatsworth Road
Gateshead
NE8 1QN

Tony Carter Transport Limited (Registered number: 08603577)

Balance Sheet
30 July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 236,303 206,399

CURRENT ASSETS
Debtors 5 249,444 282,632
Cash at bank and in hand 570,623 378,272
820,067 660,904
CREDITORS
Amounts falling due within one year 6 (327,059 ) (214,718 )
NET CURRENT ASSETS 493,008 446,186
TOTAL ASSETS LESS CURRENT
LIABILITIES

729,311

652,585

CREDITORS
Amounts falling due after more than one year 7 (49,736 ) (107,632 )

PROVISIONS FOR LIABILITIES (39,030 ) (38,815 )
NET ASSETS 640,545 506,138

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 640,445 506,038
640,545 506,138

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 July 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.

Tony Carter Transport Limited (Registered number: 08603577)

Balance Sheet - continued
30 July 2023


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 16 February 2024 and were signed by:





Mr A J Carter - Director


Tony Carter Transport Limited (Registered number: 08603577)

Notes to the Financial Statements
for the Year Ended 30 July 2023

1. STATUTORY INFORMATION

Tony Carter 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Tony Carter Transport Limited (Registered number: 08603577)

Notes to the Financial Statements - continued
for the Year Ended 30 July 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 31 July 2022 251 397,375 397,626
Additions - 101,620 101,620
Disposals - (40,500 ) (40,500 )
At 30 July 2023 251 458,495 458,746
DEPRECIATION
At 31 July 2022 232 190,995 191,227
Charge for year 5 61,526 61,531
Eliminated on disposal - (30,315 ) (30,315 )
At 30 July 2023 237 222,206 222,443
NET BOOK VALUE
At 30 July 2023 14 236,289 236,303
At 30 July 2022 19 206,380 206,399

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 31 July 2022 213,045
Disposals (19,000 )
At 30 July 2023 194,045
DEPRECIATION
At 31 July 2022 82,141
Charge for year 31,880
Eliminated on disposal (15,618 )
At 30 July 2023 98,403
NET BOOK VALUE
At 30 July 2023 95,642
At 30 July 2022 130,904

Tony Carter Transport Limited (Registered number: 08603577)

Notes to the Financial Statements - continued
for the Year Ended 30 July 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 153,420 90,584
Other debtors 96,024 192,048
249,444 282,632

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 1,411
Hire purchase contracts 37,387 25,065
Trade creditors 165,869 64,644
Corporation tax 32,326 14,438
Social security and other tax 11,586 13,618
Pension fund 915 732
VAT 42,012 31,712
Directors' current accounts 34,340 60,668
Accrued expenses 2,624 2,430
327,059 214,718

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 49,736 107,632

8. RESERVES
Retained
earnings
£   

At 31 July 2022 506,038
Profit for the year 134,407
At 30 July 2023 640,445