IRIS Accounts Production v24.3.0.553 06807240 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false false true false Ordinary 1.00000 50583 11004 23772 50583 50583 11004 23772 50583 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh068072402023-02-28068072402024-02-29068072402023-03-012024-02-29068072402022-02-28068072402022-03-012023-02-28068072402023-02-2806807240ns15:EnglandWales2023-03-012024-02-2906807240ns14:PoundSterling2023-03-012024-02-2906807240ns10:Director12023-03-012024-02-2906807240ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2906807240ns10:SmallEntities2023-03-012024-02-2906807240ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2906807240ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2906807240ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2906807240ns10:FullAccounts2023-03-012024-02-290680724012023-03-012024-02-2906807240ns10:OrdinaryShareClass12023-03-012024-02-2906807240ns10:Director1412023-02-2806807240ns10:Director1412022-02-2806807240ns10:Director1412023-03-012024-02-2906807240ns10:Director1412022-03-012023-02-2806807240ns10:Director1412024-02-2906807240ns10:Director1412023-02-2806807240ns10:Director22023-03-012024-02-2906807240ns10:RegisteredOffice2023-03-012024-02-2906807240ns5:CurrentFinancialInstruments2024-02-2906807240ns5:CurrentFinancialInstruments2023-02-2806807240ns5:Non-currentFinancialInstruments2024-02-2906807240ns5:Non-currentFinancialInstruments2023-02-2806807240ns5:ShareCapital2024-02-2906807240ns5:ShareCapital2023-02-2806807240ns5:RetainedEarningsAccumulatedLosses2024-02-2906807240ns5:RetainedEarningsAccumulatedLosses2023-02-2806807240ns5:NetGoodwill2023-03-012024-02-2906807240ns5:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2906807240ns5:PlantMachinery2023-03-012024-02-2906807240ns5:FurnitureFittings2023-03-012024-02-2906807240ns5:MotorVehicles2023-03-012024-02-2906807240ns5:ComputerEquipment2023-03-012024-02-2906807240ns5:NetGoodwill2023-02-2806807240ns5:NetGoodwill2024-02-2906807240ns5:NetGoodwill2023-02-2806807240ns5:PlantMachinery2023-02-2806807240ns5:FurnitureFittings2023-02-2806807240ns5:MotorVehicles2023-02-2806807240ns5:ComputerEquipment2023-02-2806807240ns5:PlantMachinery2024-02-2906807240ns5:FurnitureFittings2024-02-2906807240ns5:MotorVehicles2024-02-2906807240ns5:ComputerEquipment2024-02-2906807240ns5:PlantMachinery2023-02-2806807240ns5:FurnitureFittings2023-02-2806807240ns5:MotorVehicles2023-02-2806807240ns5:ComputerEquipment2023-02-2806807240ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2906807240ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2806807240ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-02-2906807240ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-02-2806807240ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-02-2906807240ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-02-2806807240ns5:DeferredTaxation2023-02-2806807240ns5:DeferredTaxation2023-03-012024-02-2906807240ns5:DeferredTaxation2024-02-2906807240ns10:OrdinaryShareClass12024-02-29068072401ns10:Director12023-02-28068072401ns10:Director12022-02-28068072401ns10:Director12023-03-012024-02-29068072401ns10:Director12022-03-012023-02-28068072401ns10:Director12024-02-29068072401ns10:Director12023-02-28
REGISTERED NUMBER: 06807240 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

R CREASEY TRANSPORT LIMITED

R CREASEY TRANSPORT LIMITED (REGISTERED NUMBER: 06807240)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R CREASEY TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: R A Creasey
Mrs J A Creasey





REGISTERED OFFICE: 194 Cemertery Road
Wath upon Dearne
Rotherham
South Yorkshire
S63 6HX





REGISTERED NUMBER: 06807240 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

R CREASEY TRANSPORT LIMITED (REGISTERED NUMBER: 06807240)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,400 2,800
Tangible assets 5 243,944 408,600
245,344 411,400

CURRENT ASSETS
Debtors 6 106,158 157,532
Cash at bank 574,302 640,731
680,460 798,263
CREDITORS
Amounts falling due within one year 7 150,532 235,707
NET CURRENT ASSETS 529,928 562,556
TOTAL ASSETS LESS CURRENT
LIABILITIES

775,272

973,956

CREDITORS
Amounts falling due after more than one
year

8

(61,546

)

(106,609

)

PROVISIONS FOR LIABILITIES 11 (57,083 ) (77,634 )
NET ASSETS 656,643 789,713

CAPITAL AND RESERVES
Called up share capital 12 1 1
Retained earnings 656,642 789,712
SHAREHOLDERS' FUNDS 656,643 789,713

R CREASEY TRANSPORT LIMITED (REGISTERED NUMBER: 06807240)

BALANCE SHEET - continued
29 FEBRUARY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 Profit & Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2024 and were signed on its behalf by:





R A Creasey - Director


R CREASEY TRANSPORT LIMITED (REGISTERED NUMBER: 06807240)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

R Creasey Transport 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.

Goodwill
Following the implementation of FRS102, goodwill is to be written off over a period of 10 years from adoption.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account and Retained Earnings, 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

R CREASEY TRANSPORT LIMITED (REGISTERED NUMBER: 06807240)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 20,000
AMORTISATION
At 1 March 2023 17,200
Amortisation for year 1,400
At 29 February 2024 18,600
NET BOOK VALUE
At 29 February 2024 1,400
At 28 February 2023 2,800

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 13,728 3,098 801,056 4,907 822,789
Additions - - - 1,016 1,016
Disposals - - (375,100 ) - (375,100 )
At 29 February 2024 13,728 3,098 425,956 5,923 448,705
DEPRECIATION
At 1 March 2023 7,191 1,421 400,806 4,771 414,189
Charge for year 653 168 85,191 334 86,346
Eliminated on disposal - - (295,774 ) - (295,774 )
At 29 February 2024 7,844 1,589 190,223 5,105 204,761
NET BOOK VALUE
At 29 February 2024 5,884 1,509 235,733 818 243,944
At 28 February 2023 6,537 1,677 400,250 136 408,600

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 82,257 104,949
Directors' current accounts 22,913 50,583
Prepayments 988 2,000
106,158 157,532

R CREASEY TRANSPORT LIMITED (REGISTERED NUMBER: 06807240)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 10,077 9,829
Hire purchase contracts 37,931 35,511
Trade creditors 25,123 77,486
Tax 33,152 42,928
Social security and other taxes 140 182
VAT 37,668 63,630
Accrued expenses 6,441 6,141
150,532 235,707

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 17,365 27,442
Hire purchase contracts 44,181 79,167
61,546 106,609

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,077 9,829

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,332 10,077

Amounts falling due between two and five years:
Bank loans - 2-5 years 7,033 17,365

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 82,112 114,678

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 57,083 77,634

R CREASEY TRANSPORT LIMITED (REGISTERED NUMBER: 06807240)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 March 2023 77,634
Provided during year (20,551 )
Balance at 29 February 2024 57,083

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary 1 1 1

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
R A Creasey and R A Creasey
Balance outstanding at start of year 50,583 11,004
Amounts advanced 23,772 50,583
Amounts repaid (50,583 ) (11,004 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,772 50,583

14. ULTIMATE CONTROLLING PARTY

Mr R A Creasey, director, together with close members of his family, controls the company by virtue of holding 100% of the issued share capital.