PTP Accounts Production v24.1.0.578 NI619716 director 1.9.22 31.8.23 31.8.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhNI6197162022-08-31NI6197162023-08-31NI6197162022-09-012023-08-31NI6197162021-08-31NI6197162021-09-012022-08-31NI6197162022-08-31NI619716ns15:NorthernIreland2022-09-012023-08-31NI619716ns14:PoundSterling2022-09-012023-08-31NI619716ns10:Director12022-09-012023-08-31NI619716ns10:PrivateLimitedCompanyLtd2022-09-012023-08-31NI619716ns10:SmallEntities2022-09-012023-08-31NI619716ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-31NI619716ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-31NI619716ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-31NI619716ns10:FullAccounts2022-09-012023-08-31NI619716ns10:RegisteredOffice2022-09-012023-08-31NI619716ns5:CurrentFinancialInstruments2023-08-31NI619716ns5:CurrentFinancialInstruments2022-08-31NI619716ns5:Non-currentFinancialInstruments2023-08-31NI619716ns5:Non-currentFinancialInstruments2022-08-31NI619716ns5:ShareCapital2023-08-31NI619716ns5:ShareCapital2022-08-31NI619716ns5:RetainedEarningsAccumulatedLosses2023-08-31NI619716ns5:RetainedEarningsAccumulatedLosses2022-08-31NI619716ns5:MotorVehicles2022-09-012023-08-31NI619716ns5:MotorVehicles2022-08-31NI619716ns5:ComputerEquipment2022-08-31NI619716ns5:ComputerEquipment2022-09-012023-08-31NI619716ns5:MotorVehicles2023-08-31NI619716ns5:ComputerEquipment2023-08-31NI619716ns5:MotorVehicles2022-08-31NI619716ns5:ComputerEquipment2022-08-31NI619716ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-31NI619716ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-31NI619716ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-08-31NI619716ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2022-08-31
REGISTERED NUMBER: NI619716 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

PC Transport Ltd

PC Transport Ltd (Registered number: NI619716)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PC Transport Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTOR: P Cardwell





REGISTERED OFFICE: Unit 9 Howard Buildings,
Twin Spires Complex
155 Northumberland Street
Belfast
Co. Antrim
BT13 2JF





REGISTERED NUMBER: NI619716 (Northern Ireland)





ACCOUNTANTS: Toman Accountancy Services Ltd
Unit HF 9, Twin Spires Complex
Howard Buildings
155 Northumberland Street
Belfast
Antrim
BT13 2JF

PC Transport Ltd (Registered number: NI619716)

Statement of Financial Position
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,037 4,049

CURRENT ASSETS
Debtors 5 66,378 54,531

CREDITORS
Amounts falling due within one year 6 23,237 11,227
NET CURRENT ASSETS 43,141 43,304
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,178

47,353

CREDITORS
Amounts falling due after more than one
year

7

(45,215

)

(46,294

)

PROVISIONS FOR LIABILITIES (577 ) (769 )
NET ASSETS 386 290

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 385 289
SHAREHOLDERS' FUNDS 386 290

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

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

PC Transport Ltd (Registered number: NI619716)

Statement of Financial Position - continued
31 August 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 and authorised for issue by the director and authorised for issue on 30 August 2024 and were signed by:





P Cardwell - Director


PC Transport Ltd (Registered number: NI619716)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

PC Transport Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

As noted in the Directors' Report, the Company ceased trading activity on 23rd August 2023.

Significant judgements and estimates
In preparing these financial statements the director has made the following judgements:

The director determines whether there are indicators of impairment of the company's tangible fixed assets. Factors taken considered include economic viability and expected future performance of the assets and the business in general.

Consider the recoverability of trade debtors and the need for impairment provisions. These considerations are undertaken regularly by the director, and especially at the year end date. Factors taken into account include historical experience, current market conditions and knowledge of the sector. Amounts identified as irrecoverable will be provided against in the relevant period.

Consider the depreciation rates on an annual basis to ensure there is sufficient evidence to support these and that the estimates remains reasonable.

Turnover
Turnover represents net invoiced sale of 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.
Motor vehicles - 25% on reducing balance

PC Transport Ltd (Registered number: NI619716)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
All financial statements of the company are considered to meet the definition of basic financial instruments.

-Short term debtors and creditors
Debtors and creditors with no stated interest rate and are receivable or payable on demand are recognised at transaction price, and subject to annual impairment reviews. Any losses arising on impairment are recognised in the profit and loss account.

-Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

-Loans and borrowings
All loans and borrowings are initially recorded at the present value of cash payable to the lender in settlement of the liability discounted at the market interest rate. Subsequently loans and borrowings are stated at amortised cost using the effective interest rate method. The computation of amortised cost includes any issues costs, transaction costs and fees, and any discount or premium on settlement, and the effect of this is to amortise these amounts over the expected borrowing period. Loans with no stated interest rate and repayable within one period or on demand are not amortised. Loans and borrowing are classified as current liabilities unless the borrower has an unconditional right to defer settlement of the liability for at least 12 months after the financial period end date.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Holiday pay accrual
A liability is recognised to the extent of any unused holiday pay entitlement which has accrued at the balance sheet date and is available to carry forward to future periods. This is measured at the un-discounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

PC Transport Ltd (Registered number: NI619716)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2022
and 31 August 2023 13,500 2,094 15,594
DEPRECIATION
At 1 September 2022 9,451 2,094 11,545
Charge for year 1,012 - 1,012
At 31 August 2023 10,463 2,094 12,557
NET BOOK VALUE
At 31 August 2023 3,037 - 3,037
At 31 August 2022 4,049 - 4,049

5. DEBTORS
31.8.23 31.8.22
£    £   
Amounts falling due within one year:
Trade debtors 1,660 7,590
Other debtors 28,218 10,441
29,878 18,031

Amounts falling due after more than one year:
Other debtors 36,500 36,500

Aggregate amounts 66,378 54,531

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 3,617 1,011
Trade creditors 5,808 3,307
Taxation and social security 13,695 3,937
Other creditors 117 2,972
23,237 11,227

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 45,215 46,294

PC Transport Ltd (Registered number: NI619716)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

8. RELATED PARTY DISCLOSURES

Included in debtors is an amount of £21,000 owing to the company by the director P Cardwell. This is included as other debtors. This loan is repayable on demand.

Included in debtors is also an amount of £36,500 owing to the company by Benitos Ltd, in which Mr P Cardwell is a Director.

9. ULTIMATE CONTROLLING PARTY

The controlling party is P Cardwell.