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REGISTERED NUMBER: 08918850 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

GOUGH TRANSPORT LIMITED

GOUGH TRANSPORT LIMITED (REGISTERED NUMBER: 08918850)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GOUGH TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M Gough





REGISTERED OFFICE: 29A High Street
West Wickham
Kent
BR4 0LP





REGISTERED NUMBER: 08918850 (England and Wales)





ACCOUNTANTS: IGD Accounting Services Limited
29a High Street
West Wickham
Kent
BR4 0LP

GOUGH TRANSPORT LIMITED (REGISTERED NUMBER: 08918850)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,990 35,871

CURRENT ASSETS
Debtors 5 26,844 39,548
Cash at bank 23,808 29,187
50,652 68,735
CREDITORS
Amounts falling due within one year 6 24,185 30,646
NET CURRENT ASSETS 26,467 38,089
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,457

73,960

CREDITORS
Amounts falling due after more than
one year

7

15,482

23,447
NET ASSETS 30,975 50,513

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8 30,974 50,512
SHAREHOLDERS' FUNDS 30,975 50,513

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





M Gough - Director


GOUGH TRANSPORT LIMITED (REGISTERED NUMBER: 08918850)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Gough 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 represents net sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

GOUGH TRANSPORT LIMITED (REGISTERED NUMBER: 08918850)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 2,649 78,066 1,074 81,789
DEPRECIATION
At 1 April 2023 2,649 42,463 806 45,918
Charge for year - 15,613 268 15,881
At 31 March 2024 2,649 58,076 1,074 61,799
NET BOOK VALUE
At 31 March 2024 - 19,990 - 19,990
At 31 March 2023 - 35,603 268 35,871

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 22,494 20,806
Other debtors 4,350 18,742
26,844 39,548

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 6,148 6,148
Taxation and social security 15,476 22,002
Other creditors 2,561 2,496
24,185 30,646

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 6,750 9,750
Hire purchase contracts 8,732 13,697
15,482 23,447

8. RESERVES
Retained
earnings
£   

At 1 April 2023 50,512
Profit for the year 18,162
Dividends (37,700 )
At 31 March 2024 30,974

GOUGH TRANSPORT LIMITED (REGISTERED NUMBER: 08918850)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
M Gough
Balance outstanding at start of year - 17,370
Amounts repaid - (17,370 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -