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REGISTERED NUMBER: 10410770 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

ERRY TRANSPORT LIMITED

ERRY TRANSPORT LIMITED (REGISTERED NUMBER: 10410770)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ERRY TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: B G Woods





REGISTERED OFFICE: London Thamesport
Isle of Grain
Rochester
Kent
ME3 0EP





REGISTERED NUMBER: 10410770 (England and Wales)





ACCOUNTANTS: Friend & Grant Ltd
Bryant House
Bryant Road
Strood
Rochester
Kent
ME2 3EW

ERRY TRANSPORT LIMITED (REGISTERED NUMBER: 10410770)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,129,330 993,289

CURRENT ASSETS
Debtors 6 118,724 132,933
Cash at bank 281,231 353,166
399,955 486,099
CREDITORS
Amounts falling due within one year 7 318,633 366,790
NET CURRENT ASSETS 81,322 119,309
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,210,652

1,112,598

CREDITORS
Amounts falling due after more than one
year

8

(173,394

)

(208,265

)

PROVISIONS FOR LIABILITIES (219,455 ) (208,818 )
NET ASSETS 817,803 695,515

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 817,802 695,514
SHAREHOLDERS' FUNDS 817,803 695,515

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

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

ERRY TRANSPORT LIMITED (REGISTERED NUMBER: 10410770)

BALANCE SHEET - continued
31 OCTOBER 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 7 August 2024 and were signed by:





B G Woods - Director


ERRY TRANSPORT LIMITED (REGISTERED NUMBER: 10410770)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Erry 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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 presentation and disclosure requirements of Section 1A applicable to small companies, and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured as the fair value of the consideration received or receivable from the sale of goods or exchange of services, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

The percentage of completion method is used to calculate the turnover recognised at the period end.

Turnover from the rendering of services is recognised when all of the following conditions are satisfied:

- the amount of turnover can be measured reliably;
- it is probable that the economic benefits associated with the transaction will flow to the entity;
- the stage of completion of the transaction at the end of the reporting period can be measured reliably; and
- the costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on reducing balance


ERRY TRANSPORT LIMITED (REGISTERED NUMBER: 10410770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


3. ACCOUNTING POLICIES - continued
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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets held under finance lease and hire purchase contracts are capitalised in the balance sheet and depreciated over their expected useful lives. The interest element of the leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease.

All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

ERRY TRANSPORT LIMITED (REGISTERED NUMBER: 10410770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 392,748 1,221,316 3,019 1,617,083
Additions 327,012 154,588 - 481,600
Disposals (45,100 ) (56,000 ) - (101,100 )
At 31 October 2023 674,660 1,319,904 3,019 1,997,583
DEPRECIATION
At 1 November 2022 158,724 463,642 1,428 623,794
Charge for year 136,693 169,767 398 306,858
Eliminated on disposal (30,830 ) (31,569 ) - (62,399 )
At 31 October 2023 264,587 601,840 1,826 868,253
NET BOOK VALUE
At 31 October 2023 410,073 718,064 1,193 1,129,330
At 31 October 2022 234,024 757,674 1,591 993,289

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 November 2022 149,331 655,725 805,056
Additions 71,063 135,000 206,063
Transfer to ownership (73,950 ) (303,000 ) (376,950 )
At 31 October 2023 146,444 487,725 634,169
DEPRECIATION
At 1 November 2022 51,199 165,138 216,337
Charge for year 42,299 118,368 160,667
Transfer to ownership (42,752 ) (171,059 ) (213,811 )
At 31 October 2023 50,746 112,447 163,193
NET BOOK VALUE
At 31 October 2023 95,698 375,278 470,976
At 31 October 2022 98,132 490,587 588,719

ERRY TRANSPORT LIMITED (REGISTERED NUMBER: 10410770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 102,208 129,775
Other debtors 16,516 3,158
118,724 132,933

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 173,382 187,586
Trade creditors 29,112 34,768
Taxation and social security 72,668 94,600
Other creditors 33,471 39,836
318,633 366,790

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,833 25,833
Hire purchase contracts 157,561 182,432
173,394 208,265

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 25,833 35,833
Hire purchase contracts 330,943 370,018
356,776 405,851

The Barclays Bounce Back loan is secured by the Government.

All hire purchases and finance leases are secured by way of a charge over the assets in which the agreement relates to.

10. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £18,768 (2022 - £41,971).

ERRY TRANSPORT LIMITED (REGISTERED NUMBER: 10410770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
B G Woods
Balance outstanding at start of year (16,701 ) (8,991 )
Amounts advanced 114,751 62,935
Amounts repaid (115,159 ) (70,645 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (17,109 ) (16,701 )

The loan from the director to the company is unsecured, interest free and repayble on demand. Interest was charged on the loan, at the official rate per HMRC, during the period when the loan was from the company to the director.