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REGISTERED NUMBER: 06751900 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Pellys Transport & Regulatory Services
Limited

Pellys Transport & Regulatory Services
Limited (Registered number: 06751900)






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

Chartered Accountants' Report 7

Pellys Transport & Regulatory Services
Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R P Pelly
R D V Pelly





SECRETARY: D Pelly





REGISTERED OFFICE: No. 4 The Exchange
9 Station Road
Stansted Mountfitchet
Essex
CM24 8BE





REGISTERED NUMBER: 06751900 (England and Wales)





ACCOUNTANTS: Lanham and Company Limited
Chartered Accountants
9 Great Chesterford Court
London Road
Great Chesterford
Essex
CB10 1PF

Pellys Transport & Regulatory Services
Limited (Registered number: 06751900)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,671 45,438

CURRENT ASSETS
Debtors 5 103,680 160,927
Investments 6 163,162 134,731
Cash at bank and in hand 280,243 643,209
547,085 938,867
CREDITORS
Amounts falling due within one year 7 140,142 392,752
NET CURRENT ASSETS 406,943 546,115
TOTAL ASSETS LESS CURRENT
LIABILITIES

444,614

591,553

CREDITORS
Amounts falling due after more than one
year

8

16,792

26,618
NET ASSETS 427,822 564,935

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 427,722 564,835
SHAREHOLDERS' FUNDS 427,822 564,935

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.

Pellys Transport & Regulatory Services
Limited (Registered number: 06751900)

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 27 August 2024 and were signed on its behalf by:





R P Pelly - Director


Pellys Transport & Regulatory Services
Limited (Registered number: 06751900)

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

1. STATUTORY INFORMATION

Pellys Transport & Regulatory Services 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 and revenue recognition
Revenue from the rendering of services is only recognised when the outcome of a transaction can be estimated reliably and is then recognised according to the stage of completion of the transaction at the end of the reporting period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance, 15% on reducing balance and straight line over the lease period

Current asset investments
When listed investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are recognised initially, they are measured at the transaction price.

These investments are subsequently measured at fair value with changes in fair value recognised in profit or loss.

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.

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.

Pellys Transport & Regulatory Services
Limited (Registered number: 06751900)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Trade debtors and creditors are classed as basic financial instruments and are initially measured at transaction price.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and short-term deposits with an original maturity date of three months or less.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 277,917
Additions 3,453
At 31 March 2024 281,370
DEPRECIATION
At 1 April 2023 232,479
Charge for year 11,220
At 31 March 2024 243,699
NET BOOK VALUE
At 31 March 2024 37,671
At 31 March 2023 45,438

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 44,932 59,839
Amounts recoverable on contract 26,992 71,450
Other debtors 31,756 29,638
103,680 160,927

6. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Listed investments 163,162 134,731

Pellys Transport & Regulatory Services
Limited (Registered number: 06751900)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 8,005 4,574
Taxation and social security 90,401 100,035
Other creditors 31,088 277,495
140,142 392,752

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 16,792 26,618

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. RELATED PARTY DISCLOSURES

Included within other debtors is a balance of £637 owed by a director, this was repaid after the year end.

11. ULTIMATE CONTROLLING PARTY

The controlling party is R P Pelly.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Pellys Transport & Regulatory Services
Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pellys Transport & Regulatory Services Limited for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Pellys Transport & Regulatory Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pellys Transport & Regulatory Services Limited and state those matters that we have agreed to state to the Board of Directors of Pellys Transport & Regulatory Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pellys Transport & Regulatory Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Pellys Transport & Regulatory Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pellys Transport & Regulatory Services Limited. You consider that Pellys Transport & Regulatory Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Pellys Transport & Regulatory Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lanham and Company Limited
Chartered Accountants
9 Great Chesterford Court
London Road
Great Chesterford
Essex
CB10 1PF


27 August 2024