2023-01-01 04926507 2023-12-31 04926507 2023-01-01 2023-12-31 04926507 2022-12-31 04926507 2022-01-01 2022-12-31 04926507 uk-core:WithinOneYear 2022-12-31 04926507 uk-core:WithinOneYear 2023-12-31 04926507 uk-core:ShareCapital 2023-12-31 04926507 uk-core:ShareCapital 2022-12-31 04926507 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 04926507 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 04926507 uk-bus:Director1 2023-01-01 2023-12-31 04926507 uk-core:ComputerEquipment 2022-12-31 04926507 uk-core:MotorVehicles 2022-12-31 04926507 uk-core:PlantMachinery 2022-12-31 04926507 uk-core:Land 2022-12-31 04926507 uk-core:ComputerEquipment 2023-01-01 2023-12-31 04926507 uk-core:MotorVehicles 2023-01-01 2023-12-31 04926507 uk-core:PlantMachinery 2023-01-01 2023-12-31 04926507 uk-core:Land 2023-01-01 2023-12-31 04926507 uk-core:PlantMachinery 2023-12-31 04926507 uk-core:MotorVehicles 2023-12-31 04926507 uk-core:ComputerEquipment 2023-12-31 04926507 uk-core:Land 2023-12-31 iso4217:GBP xbrli:pure 04926507 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04926507 uk-bus:FRS102 2023-01-01 2023-12-31 04926507 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 04926507 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Paul Young Transport Ltd
Registered Number:04926507
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
Paul Young Transport Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
04926507
As at 31 December 2023
Paul Young Transport Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
269,370
510,141
2
269,370
510,141
Current assets
Trade and other receivables
49,529
8,640
3
191,667
Cash and cash equivalents
231,878
240,518
241,196
Trade and other payables: amounts falling due within one
year
(145,368)
(102,247)
4
95,828
138,271
Net current assets
Total assets less current liabilities
407,641
605,969
407,641
Net assets
605,969
Capital and reserves
Called up share capital
2
2
Retained earnings
407,639
605,967
407,641
605,969
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Paul Charles Young Director
These financial statements were approved and authorised for issue by the Board on 11 June 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2023
Paul Young Transport Ltd
Notes to the Financial Statements
Statutory Information
Paul Young Transport Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 04926507.
Registered address:
17 Thomas Mead
Chippenham
Wiltshire
SN15 3YS
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
Plant and
Machinery
Land and
Buildings
£
£
£
£
£
Cost or
valuation
At 01 January 2023
1,153,935
5,303
1,021,875
89,987
36,770
119,625
2,831
114,490
2,304
-
Additions
-
(294,651)
-
-
Disposals
(294,651)
At 31 December 2023
92,291
841,714
8,134
978,909
36,770
Provision for depreciation and impairment
At 01 January 2023
643,794
3,361
615,774
24,659
-
Charge for year
77,531
1,193
59,431
16,907
-
(11,786)
-
(11,786)
-
-
On disposal
At 31 December 2023
709,539
4,554
663,419
41,566
-
At 31 December 2023
Net book value
36,770
50,725
178,295
3,580
269,370
At 31 December 2022
36,770
65,328
406,101
1,942
510,141
3. Trade and other receivables
2022
2023
£
£
Trade debtors
8,640
26,325
Other debtors
-
23,204
49,529
8,640
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5
For the year ended 31 December 2023
Paul Young Transport Ltd
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
1,850
2,085
Taxation and social security
20,171
-
Other creditors
80,226
143,283
102,247
145,368
5. Average number of persons employed
During the year the average number of employees was 5 (2022 : 7)
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