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REGISTERED NUMBER: 01631456 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

H Frost & Sons Transport Limited

H Frost & Sons Transport Limited (Registered number: 01631456)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H Frost & Sons Transport Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: C Frost
K Frost





REGISTERED OFFICE: Lower Chare Farm
Stanton
Bury St Edmunds
Suffolk
IP31 2DT





REGISTERED NUMBER: 01631456 (England and Wales)





ACCOUNTANTS: Sarah Place Accountants Ltd
Unit 4b
Boldero Road
Bury St Edmunds
Suffolk
IP32 7BS

H Frost & Sons Transport Limited (Registered number: 01631456)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 45,169 51,770

CURRENT ASSETS
Inventories 1,739 1,099
Debtors 5 47,829 47,081
Cash at bank and in hand 184,214 173,930
233,782 222,110
CREDITORS
Amounts falling due within one year 6 118,520 107,823
NET CURRENT ASSETS 115,262 114,287
TOTAL ASSETS LESS CURRENT
LIABILITIES

160,431

166,057

PROVISIONS FOR LIABILITIES 3,786 5,041
NET ASSETS 156,645 161,016

CAPITAL AND RESERVES
Called up share capital 3,999 3,999
Retained earnings 152,646 157,017
SHAREHOLDERS' FUNDS 156,645 161,016

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

H Frost & Sons Transport Limited (Registered number: 01631456)

Balance Sheet - continued
30 June 2024


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 7 October 2024 and were signed on its behalf by:




C Frost - Director



K Frost - Director


H Frost & Sons Transport Limited (Registered number: 01631456)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

H Frost & Sons 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.

Turnover
Turnover represents net invoiced sales 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.
Freehold property - not provided
Improvements to property - 10% on cost
Fixtures and fittings - 20% on reducing balance
Lorries and trailers - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

H Frost & Sons Transport Limited (Registered number: 01631456)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 7 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
COST
At 1 July 2023 25,241 54,276 70,856
Additions - - 83
Disposals - - -
At 30 June 2024 25,241 54,276 70,939
DEPRECIATION
At 1 July 2023 - 54,276 68,174
Charge for year - - 553
Eliminated on disposal - - -
At 30 June 2024 - 54,276 68,727
NET BOOK VALUE
At 30 June 2024 25,241 - 2,212
At 30 June 2023 25,241 - 2,682

H Frost & Sons Transport Limited (Registered number: 01631456)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. PROPERTY, PLANT AND EQUIPMENT - continued

Lorries
and Motor
trailers vehicles Totals
£    £    £   
COST
At 1 July 2023 156,481 19,599 326,453
Additions - - 83
Disposals - (9,500 ) (9,500 )
At 30 June 2024 156,481 10,099 317,036
DEPRECIATION
At 1 July 2023 133,465 18,768 274,683
Charge for year 5,754 151 6,458
Eliminated on disposal - (9,274 ) (9,274 )
At 30 June 2024 139,219 9,645 271,867
NET BOOK VALUE
At 30 June 2024 17,262 454 45,169
At 30 June 2023 23,016 831 51,770

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 45,486 45,104
Prepayments 2,343 1,977
47,829 47,081

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 15,871 12,917
Tax 3,161 3,754
Social security and other taxes 1,494 1,015
VAT 8,139 7,709
Other creditors 136 115
Directors' current accounts 82,469 76,573
Accruals and deferred income 7,250 5,740
118,520 107,823

H Frost & Sons Transport Limited (Registered number: 01631456)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
C Frost
Balance outstanding at start of year (5,243 ) (7,806 )
Amounts advanced - 2,563
Amounts repaid (2,951 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (8,194 ) (5,243 )

K Frost
Balance outstanding at start of year (71,330 ) (67,199 )
Amounts repaid (2,945 ) (4,131 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (74,275 ) (71,330 )