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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
Page
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Chartered Transport Limited Company Information for the year ended 31 May 2024
Director
Maria Parker
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
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Chartered Transport Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
843,665 
557,865 
Current assets
Inventories
3,600 
4,080 
Debtors
80,392 
88,261 
Cash at bank and in hand
86,516 
175,490 
170,508 
267,831 
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 
Capital and reserves
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
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Chartered Transport Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 May 2024
75,491 
767,988 
186 
843,665 
At 31 May 2023
74,612 
482,625 
628 
557,865 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
80,392 
88,261 
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Chartered Transport Limited Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
36,248 
29,249 
Trade creditors
33,461 
65,571 
Taxes and social security
- 
6,362 
Accruals
679 
500 
70,388 
101,682 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
21,667 
31,667 
Obligations under finance leases and hire purchase contracts
354,969 
176,946 
Trade creditors
- 
59,000 
Taxes and social security
254 
106 
Loans from directors
8,701 
8,701 
385,591 
276,420 
8
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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