Company Registration No. 11120071 (England and Wales)
Chartered Transport Limited
Unaudited Financial Statements
for the year ended 31 May 2024
Chartered Transport Limited
Unaudited Financial Statements
Contents
Chartered Transport Limited
Company Information
for the year ended 31 May 2024
Company Number
11120071 (England and Wales)
Registered Office
Two Firs Calvert Road
Effingham
Northumberland
KT24 5SG
United Kingdom
Accountants
Rebecca Bulmer
4 Wells Road
Larkhill
Salisbury
Wiltshire
SP4 8LS
Chartered Transport Limited
Statement of financial position
as at 31 May 2024
Tangible assets
843,665
557,865
Cash at bank and in hand
86,516
175,490
Creditors: amounts falling due within one year
(70,388)
(101,682)
Net current assets
100,120
166,149
Total assets less current liabilities
943,785
724,014
Creditors: amounts falling due after more than one year
(385,591)
(276,420)
Net assets
558,194
447,594
Called up share capital
100
100
Profit and loss account
558,094
447,494
Shareholders' funds
558,194
447,594
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 August 2024 and were signed on its behalf by
Maria Parker
Director
Company Registration No. 11120071
Chartered Transport Limited
Notes to the Accounts
for the year ended 31 May 2024
Chartered Transport Limited is a private company, limited by shares, registered in England and Wales, registration number 11120071. The registered office is Two Firs Calvert Road, Effingham, Northumberland, KT24 5SG, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
104,205
687,290
2,210
793,705
Additions
13,503
393,300
-
406,803
Disposals
-
(21,000)
-
(21,000)
At 31 May 2024
117,708
1,059,590
2,210
1,179,508
At 1 June 2023
29,593
204,665
1,582
235,840
Charge for the year
12,624
95,040
442
108,106
On disposals
-
(8,103)
-
(8,103)
At 31 May 2024
42,217
291,602
2,024
335,843
At 31 May 2024
75,491
767,988
186
843,665
At 31 May 2023
74,612
482,625
628
557,865
Amounts falling due within one year
Trade debtors
80,392
88,261
Chartered Transport Limited
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
33,461
65,571
Taxes and social security
-
6,362
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
354,969
176,946
Taxes and social security
254
106
Loans from directors
8,701
8,701
8
Average number of employees
During the year the average number of employees was 7 (2023: 7).