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REGISTERED NUMBER: 02269362 (England and Wales)












WHITEPARISH TRANSPORT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






WHITEPARISH TRANSPORT LIMITED (REGISTERED NUMBER: 02269362)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHITEPARISH TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: A K Gover
T K Gover
T A Gover





SECRETARY: A K Gover





REGISTERED OFFICE: Highland House
Mayflower Close
Chandlers Ford
Eastleigh
Hampshire
SO53 4AR





REGISTERED NUMBER: 02269362 (England and Wales)

WHITEPARISH TRANSPORT LIMITED (REGISTERED NUMBER: 02269362)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 788,424 813,232

CURRENT ASSETS
Debtors 5 169,831 254,530

CREDITORS
Amounts falling due within one year 6 (137,263 ) (249,802 )
NET CURRENT ASSETS 32,568 4,728
TOTAL ASSETS LESS CURRENT
LIABILITIES

820,992

817,960

CREDITORS
Amounts falling due after more than one year 7 (10,393 ) (20,596 )

PROVISIONS FOR LIABILITIES (4,553 ) (6,219 )
NET ASSETS 806,046 791,145

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 805,746 790,845
SHAREHOLDERS' FUNDS 806,046 791,145

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

WHITEPARISH TRANSPORT LIMITED (REGISTERED NUMBER: 02269362)

BALANCE SHEET - continued
31 MAY 2024



The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:




A K Gover - Director



T A Gover - Director


WHITEPARISH TRANSPORT LIMITED (REGISTERED NUMBER: 02269362)

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


1. STATUTORY INFORMATION

Whiteparish 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102"), the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime and under the historical cost convention.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% Straight line
Plant and machinery - 25% Reducing balance

Financial assets
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

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.

WHITEPARISH TRANSPORT LIMITED (REGISTERED NUMBER: 02269362)

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


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£ £ £
COST
At 1 June 2023
and 31 May 2024 850,000 55,524 905,524
DEPRECIATION
At 1 June 2023 68,000 24,292 92,292
Charge for year 17,000 7,808 24,808
At 31 May 2024 85,000 32,100 117,100
NET BOOK VALUE
At 31 May 2024 765,000 23,424 788,424
At 31 May 2023 782,000 31,232 813,232

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 5,157 9,978
Amounts owed by group undertakings 164,674 229,921
Other debtors - 14,631
169,831 254,530

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 56,458 53,175
Trade creditors 1,141 3,983
Taxation and social security 77,193 102,345
Other creditors 2,471 90,299
137,263 249,802

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 10,393 20,596

WHITEPARISH TRANSPORT LIMITED (REGISTERED NUMBER: 02269362)

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


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, advances totalling £Nil (2023: £14,631) were made to the company's directors. £14,631 (2023: £nil) was repaid prior to the year end. The balance owed from the directors at the year-end was £Nil (2023: £14,631).