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Registered number: 05963777
Pocheliev Transport Services Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2023
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05963777
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 223,599 245,329
223,599 245,329
CURRENT ASSETS
Debtors 6 242,379 217,448
Cash at bank and in hand 2,334 2,220
244,713 219,668
Creditors: Amounts Falling Due Within One Year 7 (188,624 ) (100,255 )
NET CURRENT ASSETS (LIABILITIES) 56,089 119,413
TOTAL ASSETS LESS CURRENT LIABILITIES 279,688 364,742
Creditors: Amounts Falling Due After More Than One Year 8 (99,736 ) (135,335 )
NET ASSETS 179,952 229,407
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 179,852 229,307
SHAREHOLDERS' FUNDS 179,952 229,407
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For the year ending 31 October 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Fani Pocheliev
Director
10/04/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Pocheliev Transport Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05963777 . The registered office is 86 Brookcroft, Linton Glade, Croydon, CR0 9NB.
2. Accounting Policies
2.1. 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 Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2022: 5)
6 5
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2022 149,461 381,472 1,050 2,178 534,161
Additions 1,000 60,971 - - 61,971
Disposals - (27,350 ) - - (27,350 )
As at 31 October 2023 150,461 415,093 1,050 2,178 568,782
Depreciation
As at 1 November 2022 106,559 180,253 945 1,075 288,832
Provided during the period 13,123 58,710 26 304 72,163
Disposals - (15,812 ) - - (15,812 )
As at 31 October 2023 119,682 223,151 971 1,379 345,183
Net Book Value
As at 31 October 2023 30,779 191,942 79 799 223,599
As at 1 November 2022 42,902 201,219 105 1,103 245,329
5. Stocks
2023 2022
£ £
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 233,779 216,613
Other debtors 2,295 -
VAT 5,908 835
Other taxes and social security 397 -
242,379 217,448
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 74,969 50,730
Bank loans and overdrafts 47,622 22,676
Other taxes and social security - 626
Barclay Card 4,410 3,853
Intercompany loan - 15,000
Other creditors (2) 154 -
Directors' loan accounts 61,469 7,370
188,624 100,255
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8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 74,811 98,546
Bank loans 24,925 36,789
99,736 135,335
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 74,811 98,546
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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