2023-06-012024-05-312024-05-31false09027678LONDON-EAST TRANSPORTATION SERVICES 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LONDON-EAST TRANSPORTATION SERVICES LIMITED

Registered Number
09027678
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

LONDON-EAST TRANSPORTATION SERVICES LIMITED
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

Martin Hagger

Registered Address

Riverside House
1 - 5 Como Street
Romford
RM7 7DN

Registered Number

09027678 (England and Wales)
LONDON-EAST TRANSPORTATION SERVICES LIMITED
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets43,9274,195
3,9274,195
Current assets
Debtors581,13574,449
Cash at bank and on hand1,346-
82,48174,449
Creditors amounts falling due within one year6(75,941)(64,345)
Net current assets (liabilities)6,54010,104
Total assets less current liabilities10,46714,299
Creditors amounts falling due after one year7(7,088)(13,090)
Net assets3,3791,209
Capital and reserves
Called up share capital104104
Profit and loss account3,2751,105
Shareholders' funds3,3791,209
The financial statements were approved and authorised for issue by the Director on 15 July 2024, and are signed on its behalf by:
Martin Hagger
Director
Registered Company No. 09027678
LONDON-EAST TRANSPORTATION SERVICES LIMITED
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Amortisation
Patents and licenses are being amortised over their estimated useful life of five years.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Fixtures and fittings25
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year32
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 June 2327,50027,500
At 31 May 2427,50027,500
Amortisation and impairment
At 01 June 2327,50027,500
At 31 May 2427,50027,500
Net book value
At 31 May 24--
At 31 May 23--
4.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 June 233,7295,1958,924
Additions1,042-1,042
At 31 May 244,7715,1959,966
Depreciation and impairment
At 01 June 231,7382,9914,729
Charge for year7585521,310
At 31 May 242,4963,5436,039
Net book value
At 31 May 242,2751,6523,927
At 31 May 231,9912,2044,195
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables80,83774,151
Other debtors298298
Total81,13574,449
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables58,47842,055
Bank borrowings and overdrafts6,38913,356
Taxation and social security6,1585,632
Other creditors4,9163,302
Total75,94164,345
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts7,06213,044
Other creditors2646
Total7,08813,090