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REGISTERED NUMBER: SC198843 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

HOLT TRANSPORT LIMITED

HOLT TRANSPORT LIMITED (REGISTERED NUMBER: SC198843)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


HOLT TRANSPORT LIMITED (REGISTERED NUMBER: SC198843)

ABRIDGED BALANCE SHEET
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 468,087 403,604

CURRENT ASSETS
Stocks - 1,994
Debtors 147,839 130,123
Cash at bank 40,659 101,405
188,498 233,522
CREDITORS
Amounts falling due within one year 356,143 443,150
NET CURRENT LIABILITIES (167,645 ) (209,628 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

300,442

193,976

CREDITORS
Amounts falling due after more than one
year

79,575

39,656
NET ASSETS 220,867 154,320

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 220,767 154,220
SHAREHOLDERS' FUNDS 220,867 154,320

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

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

HOLT TRANSPORT LIMITED (REGISTERED NUMBER: SC198843)

ABRIDGED BALANCE SHEET - continued
31 August 2023



The financial statements were approved by the director and authorised for issue on 4 April 2024 and were signed by:





K A Holt - Director


HOLT TRANSPORT LIMITED (REGISTERED NUMBER: SC198843)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Holt Transport Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC198843

Registered office: 22 Backbrae Street
Kilsyth
Glasgow
G65 0NH

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 & revenue recognition
Turnover represents net invoiced sales of goods, excluding value added tax. Revenue is recognised when goods and services are delivered to the customer.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

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

HOLT TRANSPORT LIMITED (REGISTERED NUMBER: SC198843)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 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 14 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2022 790,489
Additions 309,055
Disposals (307,960 )
At 31 August 2023 791,584
DEPRECIATION
At 1 September 2022 386,885
Charge for year 111,947
Eliminated on disposal (175,335 )
At 31 August 2023 323,497
NET BOOK VALUE
At 31 August 2023 468,087
At 31 August 2022 403,604

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 September 2022 461,931
Additions 309,055
Disposals (115,090 )
At 31 August 2023 655,896
DEPRECIATION
At 1 September 2022 207,609
Charge for year 100,302
Eliminated on disposal (77,663 )
At 31 August 2023 230,248
NET BOOK VALUE
At 31 August 2023 425,648
At 31 August 2022 254,322

HOLT TRANSPORT LIMITED (REGISTERED NUMBER: SC198843)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2023

5. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Hire Purchase 170,682 114,840
Factor Account 9,276 92,352
179,958 207,192

The bank overdraft is secured by an insurance policy from the Bank of Scotland.

The Hire Purchase creditor is secured over the relevant assets.

The Factor Account is secured over the debtors of the company.

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is K A Holt.