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REGISTERED NUMBER: 00925500 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Flouch Transport Co. Limited

Flouch Transport Co. Limited (Registered number: 00925500)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Flouch Transport Co. Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs J Hoyland
Mr P B Hoyland
Mr N S Hoyland





SECRETARY: Mrs J Hoyland





REGISTERED OFFICE: Bridge Street
Penistone
Sheffield
South Yorkshire
S36 6AJ





REGISTERED NUMBER: 00925500 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Flouch Transport Co. Limited (Registered number: 00925500)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 6 42,467 74,456
Cash at bank 35 35
42,502 74,491
CREDITORS
Amounts falling due within one year 7 (293,802 ) (298,812 )
NET CURRENT LIABILITIES (251,300 ) (224,321 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(251,300

)

(224,321

)

CREDITORS
Amounts falling due after more than one
year

8

-

(1,236

)
NET LIABILITIES (251,300 ) (225,557 )

CAPITAL AND RESERVES
Called up share capital 9 9,000 9,000
Retained earnings (260,300 ) (234,557 )
SHAREHOLDERS' FUNDS (251,300 ) (225,557 )

Flouch Transport Co. Limited (Registered number: 00925500)

Balance Sheet - continued
31 March 2024


The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2024 and were signed on its behalf by:





Mr P B Hoyland - Director


Flouch Transport Co. Limited (Registered number: 00925500)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Flouch Transport Co. 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.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

All fixed assets are initially recorded at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income 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.

Flouch Transport Co. Limited (Registered number: 00925500)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued

Going concern
The company has a balance sheet deficit of £251,300. The company is funded largely by amounts owed to directors of £276,470 and a bank loan and overdraft totalling £5,408. Trading conditions remain difficult, and the company remains reliant on the ongoing support of the directors, and on the continued availability of its banking facilities. The directors have no reason to believe these facilities will not remain in place and on this basis, the accounts continue to be drawn up on a going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 4 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 6,561 7,925 2,182 46,546 63,214
DEPRECIATION
At 1 April 2023
and 31 March 2024 6,561 7,925 2,182 46,546 63,214
NET BOOK VALUE
At 31 March 2024 - - - - -
At 31 March 2023 - - - - -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,121 2,121
Amounts owed by group undertakings 40,113 72,102
Other debtors 233 233
42,467 74,456

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,944 7,742
Trade creditors 4,974 7,180
Taxation and social security 4,154 3,304
Other creditors 278,730 280,586
293,802 298,812

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1,236

Flouch Transport Co. Limited (Registered number: 00925500)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
9,000 Ordinary £1 9,000 9,000