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REGISTERED NUMBER: 04249407 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Six-o Transport Limited

Six-o Transport Limited (Registered number: 04249407)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Six-o Transport Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr M Paffey
Mr M R Paffey





REGISTERED OFFICE: Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX





REGISTERED NUMBER: 04249407 (England and Wales)





ACCOUNTANTS: KT Accountants Limited
Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX

Six-o Transport Limited (Registered number: 04249407)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 147,495 130,759
147,495 130,759

CURRENT ASSETS
Debtors 6 113,245 114,527
Cash at bank 119,947 179,849
233,192 294,376
CREDITORS
Amounts falling due within one year 7 92,313 81,503
NET CURRENT ASSETS 140,879 212,873
TOTAL ASSETS LESS CURRENT
LIABILITIES

288,374

343,632

CREDITORS
Amounts falling due after more than
one year

8

(32,926

)

(38,375

)

PROVISIONS FOR LIABILITIES (32,524 ) (24,844 )
NET ASSETS 222,924 280,413

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 222,824 280,313
SHAREHOLDERS' FUNDS 222,924 280,413

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 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.

Six-o Transport Limited (Registered number: 04249407)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 7 August 2024 and were signed on its behalf by:




Mr M Paffey - Director



Mr M R Paffey - Director


Six-o Transport Limited (Registered number: 04249407)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Six-o 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. 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 2009, is being amortised evenly over its estimated useful life of five 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

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.


Six-o Transport Limited (Registered number: 04249407)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 5,000
AMORTISATION
At 1 April 2023
and 31 March 2024 5,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Six-o Transport Limited (Registered number: 04249407)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 49,486 317,862 367,348
Additions - 65,901 65,901
At 31 March 2024 49,486 383,763 433,249
DEPRECIATION
At 1 April 2023 45,646 190,943 236,589
Charge for year 960 48,205 49,165
At 31 March 2024 46,606 239,148 285,754
NET BOOK VALUE
At 31 March 2024 2,880 144,615 147,495
At 31 March 2023 3,840 126,919 130,759

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 260,978
Additions 47,391
At 31 March 2024 308,369
DEPRECIATION
At 1 April 2023 128,328
Charge for year 40,852
At 31 March 2024 169,180
NET BOOK VALUE
At 31 March 2024 139,189
At 31 March 2023 132,650

Six-o Transport Limited (Registered number: 04249407)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 105,326 104,910
Other debtors 7,919 9,617
113,245 114,527

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 23,428 23,989
Trade creditors 36,311 28,973
Taxation and social security 28,239 23,742
Other creditors 4,335 4,799
92,313 81,503

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 32,305 37,955
Other creditors 621 420
32,926 38,375

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.24 31.3.23
£    £   
Mr M Paffey
Balance outstanding at start of year (120 ) (120 )
Amounts advanced 30,000 -
Amounts repaid (30,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (120 ) (120 )

Six-o Transport Limited (Registered number: 04249407)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr M R Paffey
Balance outstanding at start of year (1,163 ) (4,152 )
Amounts advanced 45,368 53,273
Amounts repaid (45,000 ) (50,284 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (795 ) (1,163 )

Included within creditors are amounts due to the Directors as above. These loans are undated, unsecured, interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Paffey.