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REGISTERED NUMBER: 13669643 (England and Wales)















STACEY TRANSPORT LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






STACEY TRANSPORT LIMITED (REGISTERED NUMBER: 13669643)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024










Page

Company Information 1

Abridged Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


STACEY TRANSPORT LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTORS: Mr T Stacey
Mr J Stacey
Mr L Stacey





REGISTERED OFFICE: Ryder Point Works
Wirksworth
Matlock
Derbyshire
DE4 4HE





REGISTERED NUMBER: 13669643 (England and Wales)





ACCOUNTANTS: The Rees Partnership
Bentley Bridge House
Chesterfield Road
Matlock
Derbyshire
DE4 5LE

STACEY TRANSPORT LIMITED (REGISTERED NUMBER: 13669643)

ABRIDGED BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 297,720 186,862

CURRENT ASSETS
Debtors 324,120 281,733
Cash at bank 78,846 51,158
402,966 332,891
CREDITORS
Amounts falling due within one year (529,768 ) (403,735 )
NET CURRENT LIABILITIES (126,802 ) (70,844 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,918

116,018

PROVISIONS FOR LIABILITIES (19,851 ) (6,126 )
NET ASSETS 151,067 109,892

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 151,064 109,889
151,067 109,892

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

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

STACEY TRANSPORT LIMITED (REGISTERED NUMBER: 13669643)

ABRIDGED BALANCE SHEET - continued
31 March 2024



The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by:





Mr T Stacey - Director


STACEY TRANSPORT LIMITED (REGISTERED NUMBER: 13669643)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024


1. STATUTORY INFORMATION

Stacey 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - at variable rates on reducing balance

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.

STACEY TRANSPORT LIMITED (REGISTERED NUMBER: 13669643)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on as incurred over the lease term.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 198,000
Additions 135,000
At 31 March 2024 333,000
DEPRECIATION
At 1 April 2023 11,138
Charge for year 24,142
At 31 March 2024 35,280
NET BOOK VALUE
At 31 March 2024 297,720
At 31 March 2023 186,862

5. OTHER FINANCIAL COMMITMENTS

The company operates from freehold premises owned by it's parent company, Stacey Ltd. Rent is charged on an arm's length basis for its use. No formal lease agreement is in force for the ongoing use of the premises.

6. RELATED PARTY DISCLOSURES

Transactions between non-group associated companies were conducted on an arm's length basis.

The total amount owed by the company to associated non-group companies at the year end in relation to non-trading transactions was £59,997 (2023: £59,997). No interest is charged on outstanding loan balances between group and non-group associated companies, which are repayable on demand.

On 11 December 2023 the company became a wholly owned subsidiary of Stacey Ltd by way of a share for share exchange.

STACEY TRANSPORT LIMITED (REGISTERED NUMBER: 13669643)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024


7. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors, by virtue of their shareholdings in the company's parent company Stacey Ltd.