Registered number
08299199
Best Trans & Raptor Ltd
Filleted Accounts
30 November 2023
Best Trans & Raptor Ltd
Registered number: 08299199
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Current assets
Cash at bank and in hand 142 507
Creditors: amounts falling due within one year 3 (151,181) (98,278)
Net current liabilities (151,039) (97,771)
Net liabilities (151,039) (97,771)
Capital and reserves
Called up share capital 3 3
Profit and loss account (151,042) (97,774)
Shareholders' funds (151,039) (97,771)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Ianos
Director
Approved by the board on 27 August 2024
Best Trans & Raptor Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Unrelieved tax losses are recognised only to the extent that it is probable that they will be recovered against future taxable profits. Current tax liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 91 145
Other creditors 151,090 98,133
151,181 98,278
4 Other information
Best Trans & Raptor Ltd is a private company limited by shares and incorporated in England. Its registered office is:
22 Oliver Road
Swanley
Kent
DA4 9DF
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