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Company Registration No. 12252860 (England and Wales)
HRBM Transport Ltd Unaudited accounts for the year ended 31 October 2023
HRBM Transport Ltd Unaudited accounts Contents
Page
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HRBM Transport Ltd Company Information for the year ended 31 October 2023
Director
Harjinder Singh
Company Number
12252860 (England and Wales)
Registered Office
14 Baylis Road Slough Berkshire SL1 3PJ England
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HRBM Transport Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
7,651 
3,160 
Cash at bank and in hand
2,874 
3,292 
10,525 
6,452 
Creditors: amounts falling due within one year
(6,168)
(4,065)
Net current assets
4,357 
2,387 
Total assets less current liabilities
4,357 
2,387 
Creditors: amounts falling due after more than one year
(4,341)
(6,861)
Net assets/(liabilities)
16 
(4,474)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
15 
(4,475)
Shareholders' funds
16 
(4,474)
For the year ending 31 October 2023 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 his 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 30 October 2024 and were signed on its behalf by
Harjinder Singh Director Company Registration No. 12252860
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HRBM Transport Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
HRBM Transport Ltd is a private company, limited by shares, registered in England and Wales, registration number 12252860. The registered office is 14 Baylis Road, Slough, Berkshire, SL1 3PJ, England.
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 of financial statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The presentational currency of the financial statements is pound sterling (£). 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.
Turnover
Turnover is the revenue arising from the sales of goods and services. It is stated at fair value of the consideration receivable, net of value added tax, rebates and discounts. The following criteria must also be met before turnover is recognised: Rendering of services Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when the following conditions are satisfied: 1) the amount of the of the turnover can be measured reliably; 2) it is probable that the company will receive the consideration due under the contract; 3) the stage of completion of the contract at the end of the reporting period can be measured reliably
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HRBM Transport Ltd Notes to the Accounts for the year ended 31 October 2023
Taxation
The tax expense represents the sum of the current tax expense and deferred tax expense. Current tax assets are recognised when tax paid exceeds the tax payable. Current and deferred tax is charged or credited to profit and loss, except when it relates to items charged or credited to other comprehensive income or equity, when the tax follows the transaction or event it relates to and is also charged or credited to other comprehensive income, or equity. Current tax assets and current tax liabilities and deferred tax assets and deferred tax liabilities are offset, if and only if, there is a legally enforceable right to set off the amounts and the entity intends either to settle on the net basis or to realise the asset and settle the liability simultaneously. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: 1) The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and 2) Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax liabilities are recognised in respect of all timing differences that exist at the reporting date. Timing difference are differences between taxable profits and total comprehensive income that arise from the inclusion of income and expenses in tax assessments in difference periods from their recognition in the financial statements. Deferred tax assets are recognised only to the extent that it is probable that they will be recovered by the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is calculated at the tax rates that are expected to apply to the period when the asset is realised or the liability is settled based on tax rates that have been enacted or substantively enacted by the reporting date.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
3,160 
Accrued income and prepayments
3,180 
- 
Other debtors
4,471 
- 
7,651 
3,160 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
2,519 
2,457 
Trade creditors
50 
- 
Taxes and social security
3,599 
1,608 
6,168 
4,065 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
4,341 
6,861 
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HRBM Transport Ltd Notes to the Accounts for the year ended 31 October 2023
7
Loans to directors
Contained within 'Other debtors' is an overdrawn director loan balance. During the year, the company advanced an unsecured loan of £14,970 to the director of the company. The loan is interest free and is repayable on demand. The company received repayments of £10,499 during the year. The overdrawn balance was repaid in full after the year end.
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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