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REGISTERED NUMBER: 08771174 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

FATHER & DAUGHTER TRANSPORT LIMITED

FATHER & DAUGHTER TRANSPORT LIMITED (REGISTERED NUMBER: 08771174)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FATHER & DAUGHTER TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Miss E E Stevens
Mr P A Stevens





SECRETARY: Mr P A Stevens





REGISTERED OFFICE: Kingsgate House
North Wing, Ground Floor
Newbury Road
Andover
Hampshire
SP10 4DU





BUSINESS ADDRESS: Hurdcott Livery Stables
Hurdcott Lane
Winterbourne Earls
Salisbury
Wiltshire
SP4 6HR





REGISTERED NUMBER: 08771174 (England and Wales)






FATHER & DAUGHTER TRANSPORT LIMITED (REGISTERED NUMBER: 08771174)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 261,460 153,540

CURRENT ASSETS
Debtors 5 55,271 54,978
Cash at bank 75 62
55,346 55,040
CREDITORS
Amounts falling due within one year 6 145,851 125,955
NET CURRENT LIABILITIES (90,505 ) (70,915 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,955

82,625

CREDITORS
Amounts falling due after more than one
year

7

(103,330

)

(28,333

)

PROVISIONS FOR LIABILITIES (49,677 ) (40,688 )
NET ASSETS 17,948 13,604

CAPITAL AND RESERVES
Called up share capital 9 3 3
Retained earnings 17,945 13,601
SHAREHOLDERS' FUNDS 17,948 13,604

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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 12th July 2024 and were signed on its behalf by:





Miss E E Stevens - Director


FATHER & DAUGHTER TRANSPORT LIMITED (REGISTERED NUMBER: 08771174)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Father & Daughter 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.

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.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year.

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 - 20% on reducing balance

All fixed assets are initially recorded at 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

FATHER & DAUGHTER TRANSPORT LIMITED (REGISTERED NUMBER: 08771174)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st April 2023 2,499 311,626 314,125
Additions 2,282 197,336 199,618
Disposals - (132,427 ) (132,427 )
At 31st March 2024 4,781 376,535 381,316
DEPRECIATION
At 1st April 2023 937 159,648 160,585
Charge for year 866 51,742 52,608
Eliminated on disposal - (93,337 ) (93,337 )
At 31st March 2024 1,803 118,053 119,856
NET BOOK VALUE
At 31st March 2024 2,978 258,482 261,460
At 31st March 2023 1,562 151,978 153,540

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 47,949 49,875
Other debtors 7,322 5,103
55,271 54,978

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16,510 11,055
Hire purchase contracts 24,705 -
Trade creditors 4,902 7,405
Taxation and social security 9,101 24,323
Other creditors 90,633 83,172
145,851 125,955

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 18,333 28,333
Hire purchase contracts 84,997 -
103,330 28,333

FATHER & DAUGHTER TRANSPORT LIMITED (REGISTERED NUMBER: 08771174)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 109,702 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
3 3