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Registered number: 04241759
Arriving Transport Ltd
Financial Statements
For The Year Ended 30 June 2024
Nuvo Accountancy Limited
Chartered Certified Accountants
First Floor, Sterling House
Outrams Wharf
Little Eaton
Derby
DE21 5EL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04241759
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,076 35,950
Investment Properties 5 1,365,000 1,365,000
1,382,076 1,400,950
CURRENT ASSETS
Debtors 6 296,808 75,733
Cash at bank and in hand 333,943 407,364
630,751 483,097
Creditors: Amounts Falling Due Within One Year 7 (98,744 ) (20,882 )
NET CURRENT ASSETS (LIABILITIES) 532,007 462,215
TOTAL ASSETS LESS CURRENT LIABILITIES 1,914,083 1,863,165
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,773 ) (2,040 )
NET ASSETS 1,909,310 1,861,125
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 1,909,308 1,861,123
SHAREHOLDERS' FUNDS 1,909,310 1,861,125
Page 1
Page 2
For the year ending 30 June 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr C J Woodhead
Director
25 November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Arriving Transport Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04241759 . The registered office is Paver House, Unit 1 Dovefields Industrial Estate, Dove Road, Uttoxeter, ST14 8HU.
2. Accounting Policies
2.1. 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 Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 5% reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 July 2023 40,000
Disposals (20,000 )
As at 30 June 2024 20,000
Depreciation
As at 1 July 2023 4,050
Provided during the period 1,648
Disposals (2,774 )
As at 30 June 2024 2,924
Net Book Value
As at 30 June 2024 17,076
As at 1 July 2023 35,950
5. Investment Property
2024
£
Fair Value
As at 1 July 2023 and 30 June 2024 1,365,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 28,680
Other debtors 75,152 47,053
Amounts owed by other participating interests 221,656 -
296,808 75,733
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 8,501 102
Other taxes and social security 4,153 4,691
Other creditors 16,090 16,089
Amounts owed to other participating interests 70,000 -
98,744 20,882
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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