Little Pot' Transport Limited 05077609 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is haulage contractors. Digita Accounts Production Advanced 6.30.9574.0 true true 05077609 2023-04-01 2024-03-31 05077609 2024-03-31 05077609 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-03-31 05077609 bus:OrdinaryShareClass2 bus:Non-cumulativeShares 2024-03-31 05077609 bus:OrdinaryShareClass3 bus:Non-cumulativeShares 2024-03-31 05077609 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-03-31 05077609 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-03-31 05077609 core:CurrentFinancialInstruments 2024-03-31 05077609 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 05077609 core:Non-currentFinancialInstruments 2024-03-31 05077609 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 05077609 core:MoreThanFiveYears 1 2024-03-31 05077609 core:LandBuildings 2024-03-31 05077609 core:MotorVehicles 2024-03-31 05077609 core:OtherPropertyPlantEquipment 2024-03-31 05077609 bus:SmallEntities 2023-04-01 2024-03-31 05077609 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05077609 bus:FilletedAccounts 2023-04-01 2024-03-31 05077609 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05077609 bus:RegisteredOffice 2023-04-01 2024-03-31 05077609 bus:CompanySecretaryDirector1 2023-04-01 2024-03-31 05077609 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-04-01 2024-03-31 05077609 bus:OrdinaryShareClass2 bus:Non-cumulativeShares 2023-04-01 2024-03-31 05077609 bus:OrdinaryShareClass3 bus:Non-cumulativeShares 2023-04-01 2024-03-31 05077609 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05077609 core:Buildings 2023-04-01 2024-03-31 05077609 core:Land 2023-04-01 2024-03-31 05077609 core:LandBuildings 2023-04-01 2024-03-31 05077609 core:MotorVehicles 2023-04-01 2024-03-31 05077609 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 05077609 core:PlantMachinery 2023-04-01 2024-03-31 05077609 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-04-01 2024-03-31 05077609 countries:EnglandWales 2023-04-01 2024-03-31 05077609 2023-03-31 05077609 core:LandBuildings 2023-03-31 05077609 core:MotorVehicles 2023-03-31 05077609 core:OtherPropertyPlantEquipment 2023-03-31 05077609 2022-04-01 2023-03-31 05077609 2023-03-31 05077609 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-03-31 05077609 bus:OrdinaryShareClass2 bus:Non-cumulativeShares 2023-03-31 05077609 bus:OrdinaryShareClass3 bus:Non-cumulativeShares 2023-03-31 05077609 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-03-31 05077609 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-03-31 05077609 core:CurrentFinancialInstruments 2023-03-31 05077609 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 05077609 core:Non-currentFinancialInstruments 2023-03-31 05077609 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 05077609 core:MoreThanFiveYears 1 2023-03-31 05077609 core:LandBuildings 2023-03-31 05077609 core:MotorVehicles 2023-03-31 05077609 core:OtherPropertyPlantEquipment 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05077609

Little Pot' Transport Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Little Pot' Transport Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Little Pot' Transport Limited

Company Information

Director

J L Pottinger

Company secretary

J L Pottinger

Registered office

The Haulage Yard
Trinity Street (Off Tat Bank Road)
Oldbury
West Midlands
B69 4LA

Accountants

CBSL Accountants Limited
Chartered Accountants
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

 

Little Pot' Transport Limited

(Registration number: 05077609)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,139,998

981,880

Current assets

 

Debtors

5

246,315

219,733

Cash at bank and in hand

 

147,695

65,525

 

394,010

285,258

Creditors: Amounts falling due within one year

6

(272,298)

(352,164)

Net current assets/(liabilities)

 

121,712

(66,906)

Total assets less current liabilities

 

1,261,710

914,974

Creditors: Amounts falling due after more than one year

6

(599,914)

(395,165)

Provisions for liabilities

(84,406)

(51,811)

Net assets

 

577,390

467,998

Capital and reserves

 

Called up share capital

7

100

100

Capital redemption reserve

24

24

Retained earnings

577,266

467,874

Shareholders' funds

 

577,390

467,998

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Little Pot' Transport Limited

(Registration number: 05077609)
Balance Sheet as at 31 March 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 June 2024
 


J L Pottinger
Company secretary and director

 

Little Pot' Transport Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Haulage Yard
Trinity Street (Off Tat Bank Road)
Oldbury
West Midlands
B69 4LA

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Little Pot' Transport Limited

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

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land

Not depreciated

Buildings

5% straight line

Plant and machinery

15% straight line

Motor vehicles

15% straight line

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2023 - 7).

 

Little Pot' Transport Limited

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

4

Tangible assets

Land and buildings
£

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

810,821

1,286,098

121,878

2,218,797

Additions

-

301,445

-

301,445

Disposals

-

(93,480)

-

(93,480)

At 31 March 2024

810,821

1,494,063

121,878

2,426,762

Depreciation

At 1 April 2023

88,568

1,058,456

89,893

1,236,917

Charge for the year

13,726

116,293

13,308

143,327

Eliminated on disposal

-

(93,480)

-

(93,480)

At 31 March 2024

102,294

1,081,269

103,201

1,286,764

Carrying amount

At 31 March 2024

708,527

412,794

18,677

1,139,998

At 31 March 2023

722,253

227,642

31,985

981,880

Included within the net book value of land and buildings above is £708,528 (2023 - £722,253) in respect of freehold land and buildings.
 

Freehold property includes freehold land , including land clearance costs, totalling £536,310 (2022 - £536,310) that is not depreciated.

Included within the net book value of motor vehicles and of plant and machinery is £374,415 (2023 - £217,709) relating to assets held under hire purchase and finance lease agreements. The depreciation charged to the financial statements in the year in respect of such assets amounted to £56,491 (2023 - £113,371).

5

Debtors

Current

2024
£

2023
£

Trade debtors

214,259

184,071

Prepayments

32,056

35,662

 

246,315

219,733

 

Little Pot' Transport Limited

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

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

115,659

135,718

Trade creditors

 

81,211

47,196

Taxation and social security

 

24,344

99,777

Accruals and deferred income

 

11,084

29,473

Other creditors

 

40,000

40,000

 

272,298

352,164

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

599,914

395,165

2024
£

2023
£

Due after more than five years

After more than five years by instalments

66,854

-

-

-

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

Ordinary 'A' of £1 each

-

-

-

-

Ordinary 'B' of £1 each

-

-

-

-

100

100

100

100

 

Little Pot' Transport Limited

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

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

83,527

116,726

Hire purchase contracts

280,204

63,197

Other borrowings

236,183

215,242

599,914

395,165

Current loans and borrowings

2024
£

2023
£

Bank borrowings

33,540

31,920

Hire purchase contracts

82,119

103,798

115,659

135,718

The finance lease liabilities and £94,567 (2023 - £116,145) of the bank borrowings are secured.

 

9

Related party transactions

Summary of transactions with entities with joint control or significant interest


At the year end monies due to the directors amounted to £276,183 (2023 - £255,242).

The company is controlled by Mr J L Pottinger who holds 100% of the issued share capital of the company.