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REGISTERED NUMBER: 09715233 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Ettiley Transport Limited

Ettiley Transport Limited (Registered number: 09715233)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Ettiley Transport Limited (Registered number: 09715233)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 368,543 352,233

CURRENT ASSETS
Debtors 5 155,485 142,912
Cash at bank 424,101 569,217
579,586 712,129
CREDITORS
Amounts falling due within one year 6 (147,591 ) (243,734 )
NET CURRENT ASSETS 431,995 468,395
TOTAL ASSETS LESS CURRENT
LIABILITIES

800,538

820,628

CREDITORS
Amounts falling due after more than one
year

7

(51,480

)

(70,200

)

PROVISIONS FOR LIABILITIES (92,136 ) (85,682 )
NET ASSETS 656,922 664,746

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 656,622 664,446
SHAREHOLDERS' FUNDS 656,922 664,746

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

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

Ettiley Transport Limited (Registered number: 09715233)

Balance Sheet - continued
31 December 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 by the Board of Directors and authorised for issue on 17 April 2024 and were signed on its behalf by:





Mr N B Wells - Director


Ettiley Transport Limited (Registered number: 09715233)

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

1. STATUTORY INFORMATION

Ettiley Transport Limited is a private company, limited by shares, domiciled in England, registration number 09715233. The registered office is Unit 11 Springvale Business Centre, Millbuck Way, Sandbach, Cheshire,CW11 3HY.

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 net invoiced sales of services in respect of road haulage and transportation, excluding value added tax. Sales are recognised at the point at which the service is complete.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 20% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represents purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Ettiley Transport Limited (Registered number: 09715233)

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

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 490,613
Additions 164,700
At 31 December 2023 655,313
DEPRECIATION
At 1 January 2023 138,380
Charge for year 148,390
At 31 December 2023 286,770
NET BOOK VALUE
At 31 December 2023 368,543
At 31 December 2022 352,233

Ettiley Transport Limited (Registered number: 09715233)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 264,560
Transfer to ownership (147,560 )
At 31 December 2023 117,000
DEPRECIATION
At 1 January 2023 95,388
Charge for year 66,140
Transfer to ownership (122,528 )
At 31 December 2023 39,000
NET BOOK VALUE
At 31 December 2023 78,000
At 31 December 2022 169,172

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 960 1,380
Amounts owed by related parties 119,756 101,801
Other debtors 34,769 39,731
155,485 142,912

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 18,720 40,149
Trade creditors 64,250 83,826
Amounts owed to related parties - 20,246
Taxation and social security 36,370 32,042
Other creditors 28,251 67,471
147,591 243,734

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts 51,480 70,200

Ettiley Transport Limited (Registered number: 09715233)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 70,200 110,349

Amounts due in relation to hire purchase agreements are secured against the assets to which they relate.

9. RELATED PARTY DISCLOSURES

At the year end the company was due £119,756 (2022: £81,555) from a company with a common director and shareholders.