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REGISTERED NUMBER: 08478153 (England and Wales)















STANLEY BOTT TRANSPORT LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






STANLEY BOTT TRANSPORT LTD (REGISTERED NUMBER: 08478153)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


STANLEY BOTT TRANSPORT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Miss C Bott
R J D Foxon





REGISTERED OFFICE: 26 Park Road
Melton Mowbray
Leicestershire
LE13 1TT





REGISTERED NUMBER: 08478153 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
26 Park Road
Melton Mowbray
Leicestershire
LE13 1TT

STANLEY BOTT TRANSPORT LTD (REGISTERED NUMBER: 08478153)

STATEMENT OF FINANCIAL POSITION
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 123,948 179,685

CURRENT ASSETS
Debtors 5 149,627 169,972
Cash at bank and in hand 3,038 5,798
152,665 175,770
CREDITORS
Amounts falling due within one year 6 327,183 347,345
NET CURRENT LIABILITIES (174,518 ) (171,575 )
TOTAL ASSETS LESS CURRENT LIABILITIES (50,570 ) 8,110

CREDITORS
Amounts falling due after more than one year 7 44,142 76,999
NET LIABILITIES (94,712 ) (68,889 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (94,812 ) (68,989 )
SHAREHOLDERS' FUNDS (94,712 ) (68,889 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

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 17 April 2024 and were signed on its behalf by:





Miss C Bott - Director


STANLEY BOTT TRANSPORT LTD (REGISTERED NUMBER: 08478153)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Stanley Bott Transport Ltd 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.

Going concern
The company has net liabilities at 31 May 2023. However, the financial statements have been prepared on a going concern basis since it is anticipated that the company will continue to be supported for the foreseeable future by the company's bankers.

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

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Property, plant and equipment is stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 8 (2022 - 10 ) .

STANLEY BOTT TRANSPORT LTD (REGISTERED NUMBER: 08478153)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 June 2022 377,073
Additions 2,250
Disposals (18,000 )
At 31 May 2023 361,323
DEPRECIATION
At 1 June 2022 197,388
Charge for year 53,716
Eliminated on disposal (13,729 )
At 31 May 2023 237,375
NET BOOK VALUE
At 31 May 2023 123,948
At 31 May 2022 179,685

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 107,686 156,383
Other debtors 134 -
Directors' loan accounts 23,889 10,256
Tax 7,934 3,333
Prepayments 9,984 -
149,627 169,972

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 38,009 27,513
Other loans 27,759 76,803
Hire purchase contracts 21,439 49,526
Trade creditors 59,940 55,613
Taxation 7,975 3,333
Other taxes and social security 148,790 123,620
Other creditors 20,111 10,937
Accruals and deferred income 3,160 -
327,183 347,345

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 10,000 20,000
Hire purchase contracts 24,142 46,999
44,142 76,999

STANLEY BOTT TRANSPORT LTD (REGISTERED NUMBER: 08478153)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans 27,759 76,803
Hire purchase contracts 45,581 96,525
73,340 173,328

Other loans relates to a loan from Skipton Business Finance. This loan is secured by way of a fixed and floating charge over the whole or substantially the whole of the business, assets and undertaking.

Hire purchase creditors are secured over the assets to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
R J D Foxon
Balance outstanding at start of year 10,256 (33,426 )
Amounts advanced 13,632 43,682
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,888 10,256

Interest is charged on the overdrawn directors loan account.