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Registration number: 08093856

Les Searle & Sons Transport Limited

Annual Report and Unaudited Financial Statements (Filleted)

for the Year Ended 31 May 2024

image-name
 

Les Searle & Sons Transport Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 5

 

Les Searle & Sons Transport Limited

Company Information

Directors

L D Searle

Mrs D J Searle

Registered office

Parsonage Farm Office
Parsonage Way
Horsham
West Sussex
RH12 4ZF

Solicitors

Cripps LLP
Premier House
36-48 Queen Street
Horsham
West Sussex
RH13 5AD

Bankers

Barclays Bank Plc
2 Carfax
Horsham
West Sussex
RH12 1DN

Accountants

Ritchie Phillips LLP
Chartered Accountants
Ground Floor South Suite
Afon House
Worthing Road
Horsham
West Sussex
RH12 1TL

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Les Searle & Sons Transport Limited
for the Year Ended 31 May 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Les Searle & Sons Transport Limited for the year ended 31 May 2024 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Les Searle & Sons Transport Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Les Searle & Sons Transport Limited and state those matters that we have agreed to state to the Board of Directors of Les Searle & Sons Transport Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Les Searle & Sons Transport Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Les Searle & Sons Transport Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Les Searle & Sons Transport Limited. You consider that Les Searle & Sons Transport Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Les Searle & Sons Transport Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Ritchie Phillips LLP
Chartered Accountants
Ground Floor South Suite
Afon House
Worthing Road
Horsham
West Sussex
RH12 1TL

12 November 2024

 

Les Searle & Sons Transport Limited

(Registration number: 08093856)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

77,455

32,976

Cash at bank and in hand

 

127,596

122,409

 

205,051

155,385

Creditors: Amounts falling due within one year

5

(33,167)

(21,622)

Net assets

 

171,884

133,763

Capital and reserves

 

Called up share capital

100

100

Retained earnings

171,784

133,663

Shareholders' funds

 

171,884

133,763

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 November 2024 and signed on its behalf by:
 

.........................................
L D Searle
Director

.........................................
Mrs D J Searle
Director

 
     
 

Les Searle & Sons Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Parsonage Farm Office
Parsonage Way
Horsham
West Sussex
RH12 4ZF
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Les Searle & Sons Transport Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Debtors

Current

2024
£

2023
£

Trade debtors

77,455

32,976

 

77,455

32,976

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

29,667

16,886

Taxation and social security

 

1,000

1,236

Accruals and deferred income

 

2,500

3,500

 

33,167

21,622

6

Parent and ultimate parent undertaking

The company's immediate parent is Les Searle Group Limited, incorporated in England and Wales.

 The ultimate controlling party is Mr L D Searle and Mrs D J Searle.