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REGISTERED NUMBER: 01408298 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

B. & G. Transport (Dudley) Limited

B. & G. Transport (Dudley) Limited (Registered number: 01408298)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B. & G. Transport (Dudley) Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Jason Brookes
Joanne Brookes





REGISTERED OFFICE: Units 19 - 21
Garrett Street
Brierley Hill
West Midlands
DY5 1JU





REGISTERED NUMBER: 01408298 (England and Wales)





ACCOUNTANTS: N R Penn & Co Limited
The Association Of Accounting Technicians
5 Load Street
Bewdley
Worcestershire
DY12 2AF

B. & G. Transport (Dudley) Limited (Registered number: 01408298)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 569,979 628,185

CURRENT ASSETS
Stocks 220 220
Debtors 5 148,708 154,510
Cash in hand 27,029 44,251
175,957 198,981
CREDITORS
Amounts falling due within one year 6 146,370 147,795
NET CURRENT ASSETS 29,587 51,186
TOTAL ASSETS LESS CURRENT
LIABILITIES

599,566

679,371

CREDITORS
Amounts falling due after more than
one year

7

107,289

155,530
NET ASSETS 492,277 523,841

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 492,177 523,741
SHAREHOLDERS' FUNDS 8 492,277 523,841

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

B. & G. Transport (Dudley) Limited (Registered number: 01408298)

Balance Sheet - continued
31 January 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 9 September 2024 and were signed on its behalf by:




Jason Brookes - Director



Joanne Brookes - Director


B. & G. Transport (Dudley) Limited (Registered number: 01408298)

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

1. STATUTORY INFORMATION

B. & G. Transport (Dudley) 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 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.
Freehold property - not provided
Improvements to property - not provided
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 15% on reducing balance

Stocks
Stocks 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.


B. & G. Transport (Dudley) Limited (Registered number: 01408298)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 February 2023 324,000 67,611 46,295
Additions - - 2,850
Disposals - - (1,495 )
At 31 January 2024 324,000 67,611 47,650
DEPRECIATION
At 1 February 2023 - - 30,334
Charge for year - - 3,601
Eliminated on disposal - - (1,298 )
At 31 January 2024 - - 32,637
NET BOOK VALUE
At 31 January 2024 324,000 67,611 15,013
At 31 January 2023 324,000 67,611 15,961

B. & G. Transport (Dudley) Limited (Registered number: 01408298)

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

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2023 9,000 559,687 10,525 1,017,118
Additions - 20,000 - 22,850
Disposals - (87,000 ) - (88,495 )
At 31 January 2024 9,000 492,687 10,525 951,473
DEPRECIATION
At 1 February 2023 8,733 340,608 9,258 388,933
Charge for year 40 58,807 190 62,638
Eliminated on disposal - (68,779 ) - (70,077 )
At 31 January 2024 8,773 330,636 9,448 381,494
NET BOOK VALUE
At 31 January 2024 227 162,051 1,077 569,979
At 31 January 2023 267 219,079 1,267 628,185

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 144,951 150,962
Other debtors 3,757 3,548
148,708 154,510

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 23,000 23,000
Hire purchase contracts 24,743 33,662
Trade creditors 27,583 22,242
Taxation and social security 46,675 56,088
Other creditors 24,369 12,803
146,370 147,795

B. & G. Transport (Dudley) Limited (Registered number: 01408298)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 81,456 105,039
Hire purchase contracts 25,833 50,491
107,289 155,530

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 14,456 28,039

8. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
31.1.24 31.1.23
£    £   
Loss for the financial year (21,564 ) (40,728 )
Dividends (10,000 ) (10,000 )
Net reduction of shareholders' funds (31,564 ) (50,728 )
Opening shareholders' funds 523,841 574,569
Closing shareholders' funds 492,277 523,841