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REGISTERED NUMBER: 11308120 (England and Wales)















BIRMINGHAM CITY TRANSPORT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2023






BIRMINGHAM CITY TRANSPORT LIMITED (REGISTERED NUMBER: 11308120)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


BIRMINGHAM CITY TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTOR: I A G Mack





REGISTERED OFFICE: 177-179 New Town Row
Birmingham
West Midlands
B6 4QZ





REGISTERED NUMBER: 11308120 (England and Wales)





ACCOUNTANTS: CUTTER & CO LTD
CHARTERED ACCOUNTANTS
3 Lyttleton Court
Birmingham Street
Halesowen
West Midlands
B63 3HN

BIRMINGHAM CITY TRANSPORT LIMITED (REGISTERED NUMBER: 11308120)

BALANCE SHEET
31ST JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 247,474 972,046
Investments 5 1,100 1,250
248,574 973,296

CURRENT ASSETS
Stocks - 128,576
Debtors 6 579,697 553,582
Cash at bank 5,069 47,758
584,766 729,916
CREDITORS
Amounts falling due within one year 7 823,144 1,219,214
NET CURRENT LIABILITIES (238,378 ) (489,298 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,196

483,998

CREDITORS
Amounts falling due after more than one
year

8

(184,378

)

(453,291

)

PROVISIONS FOR LIABILITIES (61,869 ) (17,570 )
NET (LIABILITIES)/ASSETS (236,051 ) 13,137

CAPITAL AND RESERVES
Called up share capital 1,200 1,200
Retained earnings (237,251 ) 11,937
SHAREHOLDERS' FUNDS (236,051 ) 13,137

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

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

BIRMINGHAM CITY TRANSPORT LIMITED (REGISTERED NUMBER: 11308120)

BALANCE SHEET - continued
31ST 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 30th July 2024 and were signed by:





I A G Mack - Director


BIRMINGHAM CITY TRANSPORT LIMITED (REGISTERED NUMBER: 11308120)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023

1. STATUTORY INFORMATION

Birmingham City 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.

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.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.
Motor vehicles - 15% on reducing balance

Investments in subsidiaries
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.


BIRMINGHAM CITY TRANSPORT LIMITED (REGISTERED NUMBER: 11308120)

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

2. ACCOUNTING POLICIES - continued
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.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Going concern
These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

BIRMINGHAM CITY TRANSPORT LIMITED (REGISTERED NUMBER: 11308120)

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

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1st August 2022 1,152,881
Disposals (806,177 )
At 31st July 2023 346,704
DEPRECIATION
At 1st August 2022 180,835
Charge for year 43,672
Eliminated on disposal (125,277 )
At 31st July 2023 99,230
NET BOOK VALUE
At 31st July 2023 247,474
At 31st July 2022 972,046

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st August 2022 865,050
Disposals (557,372 )
At 31st July 2023 307,678
DEPRECIATION
At 1st August 2022 130,355
Charge for year 38,915
Eliminated on disposal (82,112 )
At 31st July 2023 87,158
NET BOOK VALUE
At 31st July 2023 220,520
At 31st July 2022 734,695

BIRMINGHAM CITY TRANSPORT LIMITED (REGISTERED NUMBER: 11308120)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st August 2022 1,250
Disposals (150 )
At 31st July 2023 1,100
NET BOOK VALUE
At 31st July 2023 1,100
At 31st July 2022 1,250

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 41,890
Amounts owed by group undertakings 275,721 272,897
Other debtors 303,976 238,795
579,697 553,582

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,333 10,000
Hire purchase contracts 232,042 346,027
Trade creditors - 191,102
Amounts owed to group undertakings 457,262 662,720
Taxation and social security 123,787 100
Other creditors 1,720 9,265
823,144 1,219,214

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 24,167 32,500
Hire purchase contracts 160,211 420,791
184,378 453,291

BIRMINGHAM CITY TRANSPORT LIMITED (REGISTERED NUMBER: 11308120)

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

9. RELATED PARTY DISCLOSURES

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.

Birmingham Busworks Limited is controlled by the director of Birmingham City Transport Limited.

Services, goods and assets were purchased from Birmingham Busworks Limited to the value of £1,500 (2022: £nil). At the year end £Nil (2022: £Nil) was owed to Birmingham Busworks Limited for these purchases.

Services, goods and assets were sold to Birmingham Busworks Limited to the value of £262,923 (2022: £nil). At the year end £Nil (2022: £Nil) was owed from Birmingham Busworks Limited for these sales.

During the year funds were loaned to Birmingham Busworks Limited and at the year end the company still owed £303,875 (2022: £nil). No interest is being charged on the loan and no set repayment terms have been placed on it.