IRIS Accounts Production v24.1.0.578 02652527 director 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh026525272022-12-31026525272023-12-31026525272023-01-012023-12-31026525272021-12-31026525272022-01-012022-12-31026525272022-12-3102652527ns15:EnglandWales2023-01-012023-12-3102652527ns14:PoundSterling2023-01-012023-12-3102652527ns10:Director12023-01-012023-12-3102652527ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3102652527ns10:SmallEntities2023-01-012023-12-3102652527ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3102652527ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3102652527ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3102652527ns10:FullAccounts2023-01-012023-12-310265252712023-01-012023-12-3102652527ns10:RegisteredOffice2023-01-012023-12-3102652527ns5:CurrentFinancialInstruments2023-12-3102652527ns5:CurrentFinancialInstruments2022-12-3102652527ns5:Non-currentFinancialInstruments2023-12-3102652527ns5:Non-currentFinancialInstruments2022-12-3102652527ns5:ShareCapital2023-12-3102652527ns5:ShareCapital2022-12-3102652527ns5:CapitalRedemptionReserve2023-12-3102652527ns5:CapitalRedemptionReserve2022-12-3102652527ns5:RetainedEarningsAccumulatedLosses2023-12-3102652527ns5:RetainedEarningsAccumulatedLosses2022-12-3102652527ns5:NetGoodwill2023-01-012023-12-3102652527ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3102652527ns5:PlantMachinery2023-01-012023-12-3102652527ns5:FurnitureFittings2023-01-012023-12-3102652527ns5:MotorVehicles2023-01-012023-12-3102652527ns5:NetGoodwill2022-12-3102652527ns5:NetGoodwill2023-12-3102652527ns5:NetGoodwill2022-12-3102652527ns5:PlantMachinery2022-12-3102652527ns5:FurnitureFittings2022-12-3102652527ns5:MotorVehicles2022-12-3102652527ns5:PlantMachinery2023-12-3102652527ns5:FurnitureFittings2023-12-3102652527ns5:MotorVehicles2023-12-3102652527ns5:PlantMachinery2022-12-3102652527ns5:FurnitureFittings2022-12-3102652527ns5:MotorVehicles2022-12-3102652527ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3102652527ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 02652527 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st December 2023

for

Durham City Transport Limited

Durham City Transport Limited (Registered number: 02652527)


Durham City Transport Limited

Company Information
for the Year Ended 31st December 2023







DIRECTOR: D Coatman





REGISTERED OFFICE: Durham City House
St Johns Road
Meadowfield Industrial Estate
Durham
DH7 8QX





REGISTERED NUMBER: 02652527 (England and Wales)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

Durham City Transport Limited (Registered number: 02652527)

Balance Sheet
31st December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,285,347 543,454
1,285,347 543,454

CURRENT ASSETS
Debtors 6 1,118,533 1,554,025
Investments 7 1,029,584 -
Cash at bank 197,344 1,712,934
2,345,461 3,266,959
CREDITORS
Amounts falling due within one year 8 (387,728 ) (495,639 )
NET CURRENT ASSETS 1,957,733 2,771,320
TOTAL ASSETS LESS CURRENT LIABILITIES 3,243,080 3,314,774

CREDITORS
Amounts falling due after more than one
year

9

(106,002

)

(22,676

)

PROVISIONS FOR LIABILITIES (218,469 ) (102,283 )
NET ASSETS 2,918,609 3,189,815

CAPITAL AND RESERVES
Called up share capital 175 175
Capital redemption reserve 25 25
Retained earnings 2,918,409 3,189,615
2,918,609 3,189,815

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

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

Durham City Transport Limited (Registered number: 02652527)

Balance Sheet - continued
31st December 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 31st July 2024 and were signed by:





D Coatman - Director


Durham City Transport Limited (Registered number: 02652527)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Durham 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.

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

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost

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

Durham City Transport Limited (Registered number: 02652527)

Notes to the Financial Statements - continued
for the Year Ended 31st December 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 38 (2022 - 30 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2023
and 31st December 2023 2,000
AMORTISATION
At 1st January 2023
and 31st December 2023 2,000
NET BOOK VALUE
At 31st December 2023 -
At 31st December 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1st January 2023 249,950 6,235 2,034,951 2,291,136
Additions - - 1,001,104 1,001,104
Disposals - - (315,081 ) (315,081 )
At 31st December 2023 249,950 6,235 2,720,974 2,977,159
DEPRECIATION
At 1st January 2023 172,708 6,065 1,568,909 1,747,682
Charge for year 27,176 170 210,885 238,231
Eliminated on disposal - - (294,101 ) (294,101 )
At 31st December 2023 199,884 6,235 1,485,693 1,691,812
NET BOOK VALUE
At 31st December 2023 50,066 - 1,235,281 1,285,347
At 31st December 2022 77,242 170 466,042 543,454

Durham City Transport Limited (Registered number: 02652527)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 675,459 823,454
Amounts owed by group undertakings 245,213 700,000
Directors' current accounts 67,719 -
Tax 68,108 -
Prepayments and accrued income 62,034 30,571
1,118,533 1,554,025

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Unlisted investments 1,029,584 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 165,348 55,494
Trade creditors 141,034 253,235
Tax - 68,108
Social security and other taxes 26,320 26,264
VAT 28,626 71,406
Other creditors 3,063 6,308
Accruals and deferred income 23,337 14,824
387,728 495,639

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 106,002 22,676

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 271,350 78,170

11. RELATED PARTY DISCLOSURES

The following transactions were made between Durham City Transport Limited and another company in which a director has a participating interest.

Management charges to Durham City Transport Limited £180,000 (2022 - £180,000)

Balance owed by the company as at 31 December 2023 - £245,213 (2022 - £700,00).

Durham City Transport Limited (Registered number: 02652527)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

12. ULTIMATE CONTROLLING PARTY

The controlling party is Durham City Property (Holdings) Limited.