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REGISTERED NUMBER: 11415643 (England and Wales)















PAUL ARCHER TRANSPORT LTD

Unaudited Financial Statements for the Year Ended 31 March 2024






PAUL ARCHER TRANSPORT LTD (REGISTERED NUMBER: 11415643)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PAUL ARCHER TRANSPORT LTD

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P A Archer Sr
Mrs L E Archer





REGISTERED OFFICE: Allen End Garage London Road
Middleton
Tamworth
Staffordshire
B78 2BP





REGISTERED NUMBER: 11415643 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

PAUL ARCHER TRANSPORT LTD (REGISTERED NUMBER: 11415643)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,344,757 3,350,064

CURRENT ASSETS
Debtors 5 1,665,594 1,250,062
Cash at bank 2,869,051 3,378,304
4,534,645 4,628,366
CREDITORS
Amounts falling due within one year 6 735,499 1,087,056
NET CURRENT ASSETS 3,799,146 3,541,310
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,143,903

6,891,374

CREDITORS
Amounts falling due after more than one
year

7

(138,914

)

(234,428

)

PROVISIONS FOR LIABILITIES (365,576 ) (119,814 )
NET ASSETS 7,639,413 6,537,132

CAPITAL AND RESERVES
Called up share capital 2,340,796 2,340,796
Retained earnings 5,298,617 4,196,336
7,639,413 6,537,132

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.

PAUL ARCHER TRANSPORT LTD (REGISTERED NUMBER: 11415643)

Balance Sheet - continued
31 March 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 8 July 2024 and were signed on its behalf by:





P A Archer Sr - Director


PAUL ARCHER TRANSPORT LTD (REGISTERED NUMBER: 11415643)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Paul Archer Transport Ltd 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
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 - 20% on reducing balance
Fixtures and fittings - 18% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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 39 (2023 - 39 ) .

PAUL ARCHER TRANSPORT LTD (REGISTERED NUMBER: 11415643)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 2,870,807 487,650 53,066 59,720 3,471,243
Additions 11,646 1,157,699 4,887 35,070 1,209,302
Disposals - (53,914 ) - (11,750 ) (65,664 )
At 31 March 2024 2,882,453 1,591,435 57,953 83,040 4,614,881
DEPRECIATION
At 1 April 2023 - 66,279 20,375 34,525 121,179
Charge for year - 148,439 6,435 8,956 163,830
Eliminated on disposal - (4,302 ) - (10,583 ) (14,885 )
At 31 March 2024 - 210,416 26,810 32,898 270,124
NET BOOK VALUE
At 31 March 2024 2,882,453 1,381,019 31,143 50,142 4,344,757
At 31 March 2023 2,870,807 421,371 32,691 25,195 3,350,064

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,138,046 1,070,863
Other debtors 372,527 -
Prepayments 155,021 179,199
1,665,594 1,250,062

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 404,163 375,333
Social security and other taxes 133,672 409,171
Other creditors 12,891 134,433
Directors' current accounts 100,000 100,000
Accrued expenses 84,773 68,119
735,499 1,087,056

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Directors' loan accounts 138,914 234,428

8. OTHER FINANCIAL COMMITMENTS

Total financial commitments in respect of operating leases which are not included on the balance sheet amount to £8,545 (2023 - £8,545).

PAUL ARCHER TRANSPORT LTD (REGISTERED NUMBER: 11415643)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. RELATED PARTY DISCLOSURES

Archer Transport (West Midlands) Limited and Haulmaster's Limited are related parties by virtue of the common control of the shareholders.

Included within other debtors is £372,527 (2023 - Creditor £131,913) due from the company's related party Haulmaster's Limited.

During the financial year, the company benefited from an intercompany loan being written off with the company's related party Archer Transport (West Midlands) Limited. This resulted in an exceptional item of £277,600.