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REGISTERED NUMBER: 03967424 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Arthur Brothers Transport Limited

Arthur Brothers Transport Limited (Registered number: 03967424)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Arthur Brothers Transport Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: M A Arthur





REGISTERED OFFICE: 21 Gold Tops
Newport
South Wales
NP20 4PG





REGISTERED NUMBER: 03967424 (England and Wales)





ACCOUNTANTS: Guilfoyle Sage LLP
21 Gold Tops
Newport
South Wales
NP20 4PG

Arthur Brothers Transport Limited (Registered number: 03967424)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 80,040 83,767

CURRENT ASSETS
Stocks 24,736 24,890
Debtors 6 1,596,565 1,399,207
Cash at bank 366,624 125,071
1,987,925 1,549,168
CREDITORS
Amounts falling due within one year 7 1,501,128 1,048,433
NET CURRENT ASSETS 486,797 500,735
TOTAL ASSETS LESS CURRENT
LIABILITIES

566,837

584,502

CREDITORS
Amounts falling due after more than one
year

8

(17,368

)

(26,767

)

PROVISIONS FOR LIABILITIES (15,065 ) (13,041 )
NET ASSETS 534,404 544,694

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 534,304 544,594
SHAREHOLDERS' FUNDS 534,404 544,694

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Arthur Brothers Transport Limited (Registered number: 03967424)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 28 August 2024 and were signed by:





M A Arthur - Director


Arthur Brothers Transport Limited (Registered number: 03967424)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Arthur Brothers Transport Limited is a private company, limited by shares and is incorporated in England and Wales. The company's registered number is 03967424 and the address of its registered office is 21 Gold Tops, Newport, South Wales, NP20 4PG.

These financial statements are the company's separate financial statements, covering the year to 30 November 2023 and are presented in Sterling (£), the company's functional currency, rounded to the nearest pound.

The accounting policies applied in the presentation of these financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

2. STATEMENT OF COMPLIANCE

The individual financial statements of Arthur Brothers Transport Limited have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 represents net invoiced sales of goods and services, excluding value added tax.


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 - 25% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Arthur Brothers Transport Limited (Registered number: 03967424)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. 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.

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 12 (2022 - 10 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022 22,814 138,482 161,296
Additions - 24,802 24,802
Disposals - (15,500 ) (15,500 )
At 30 November 2023 22,814 147,784 170,598
DEPRECIATION
At 1 December 2022 857 76,672 77,529
Charge for year 453 15,676 16,129
Eliminated on disposal - (3,100 ) (3,100 )
At 30 November 2023 1,310 89,248 90,558
NET BOOK VALUE
At 30 November 2023 21,504 58,536 80,040
At 30 November 2022 21,957 61,810 83,767

Arthur Brothers Transport Limited (Registered number: 03967424)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 682,554 757,677
Other debtors 914,011 641,530
1,596,565 1,399,207

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 10,648 10,648
Hire purchase contracts 511 6,700
Trade creditors 245,540 264,139
Amounts owed to group undertakings 933,502 631,300
Taxation and social security 99,985 93,618
Other creditors 210,942 42,028
1,501,128 1,048,433

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 17,368 26,767

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The following are transactions and balances with those holding a participating interest:

The company hired plant at a cost of £180,000 (2022:£180,000) from a connected party.

At the year end, the company owed £180,899 (2022:£16,043) to individuals holding a participating interest. No interest has been charged on this outstanding amount.

Also, the company paid rent of £40,000 (2022:£40,000) to individuals holding a participating interest.

Arthur Brothers Transport Limited (Registered number: 03967424)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Arthur Brothers Group Limited.