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Company No: 12833108 (England and Wales)

SIMON VALENTINE TRANSPORT LTD

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

SIMON VALENTINE TRANSPORT LTD

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

SIMON VALENTINE TRANSPORT LTD

BALANCE SHEET

As at 31 August 2024
SIMON VALENTINE TRANSPORT LTD

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 22,479 27,783
22,479 27,783
Current assets
Debtors 4 12,459 7,159
Cash at bank and in hand 0 1,214
12,459 8,373
Creditors: amounts falling due within one year 5 ( 17,820) ( 37,177)
Net current liabilities (5,361) (28,804)
Total assets less current liabilities 17,118 (1,021)
Net assets/(liabilities) 17,118 ( 1,021)
Capital and reserves
Called-up share capital 100 100
Profit and loss account 17,018 ( 1,121 )
Total shareholder's funds/(deficit) 17,118 ( 1,021)

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

Directors' responsibilities:

The financial statements of Simon Valentine Transport Ltd (registered number: 12833108) were approved and authorised for issue by the Board of Directors on 01 November 2024. They were signed on its behalf by:

L Valentine
Director
SIMON VALENTINE TRANSPORT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
SIMON VALENTINE TRANSPORT LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Simon Valentine Transport Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Computer equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery Vehicles Computer equipment Total
£ £ £ £
Cost
At 01 September 2023 750 42,162 4,135 47,047
Additions 0 0 1,650 1,650
At 31 August 2024 750 42,162 5,785 48,697
Accumulated depreciation
At 01 September 2023 293 18,446 525 19,264
Charge for the financial year 114 5,929 911 6,954
At 31 August 2024 407 24,375 1,436 26,218
Net book value
At 31 August 2024 343 17,787 4,349 22,479
At 31 August 2023 457 23,716 3,610 27,783

4. Debtors

2024 2023
£ £
Trade debtors 6,366 4,529
Other debtors 6,093 2,630
12,459 7,159

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank overdrafts 4,637 0
Trade creditors 6,846 1,926
Other taxation and social security 3,374 2,376
Other creditors 2,963 32,875
17,820 37,177