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REGISTERED NUMBER: 05092980 (England and Wales)














ST. GEORGE'S TRANSPORT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2023






ST. GEORGE'S TRANSPORT LIMITED (REGISTERED NUMBER: 05092980)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ST. GEORGE'S TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2023







DIRECTORS: K.L. Brighton
S. Owens



SECRETARY: K.L. Brighton



REGISTERED OFFICE: 137, Station Road,
Chingford,
London
E4 6AG



REGISTERED NUMBER: 05092980 (England and Wales)



ACCOUNTANTS: Cobbin Floyd Ltd
t/as Findlay Wetherfield Scott & Co
Chartered Accountants
137, Station Road,
Chingford,
London
E4 6AG



BANKERS: Santander Bank
Bridle Road,
Bootle,
Merseyside,
G1R 0AA

ST. GEORGE'S TRANSPORT LIMITED (REGISTERED NUMBER: 05092980)

BALANCE SHEET
31ST AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,675 3,567

CURRENT ASSETS
Debtors 5 532 352
Cash at bank and in hand 5,528 3,695
6,060 4,047
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR

6

50,662

54,723
NET CURRENT LIABILITIES (44,602 ) (50,676 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(41,927

)

(47,109

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (42,027 ) (47,209 )
SHAREHOLDERS' FUNDS (41,927 ) (47,109 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2023 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.

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 Board of Directors and authorised for issue on 29th August 2024 and were signed on its behalf by:



K.L. Brighton - Director



S. Owens - Director


ST. GEORGE'S TRANSPORT LIMITED (REGISTERED NUMBER: 05092980)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023

1. STATUTORY INFORMATION

St. George's 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.

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 represents the invoiced value 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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
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.

3. EMPLOYEES AND DIRECTORS

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

ST. GEORGE'S TRANSPORT LIMITED (REGISTERED NUMBER: 05092980)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1st September 2022
and 31st August 2023 335 20,591 3,002 23,928
Depreciation
At 1st September 2022 333 17,026 3,002 20,361
Charge for year 1 891 - 892
At 31st August 2023 334 17,917 3,002 21,253
Net book value
At 31st August 2023 1 2,674 - 2,675
At 31st August 2022 2 3,565 - 3,567

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 264 -
Prepayments 268 352
532 352

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 25
Social security and other taxes 1,459 2,145
Loan 361 361
Directors' current accounts 45,433 49,382
Accrued expenses 3,409 2,810
50,662 54,723

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The amount owed to the directors at the balance sheet date was £45,433 (previous year - £49,382).

8. ULTIMATE CONTROLLING PARTY

There is no controlling party, each director holding 50% of the company's issued share.