Registered number
10763202
C & H Transport Services Limited
Filleted Accounts
31 May 2024
C & H Transport Services Limited
Registered number: 10763202
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 76,363 81,296
Current assets
Debtors 5 84,359 91,002
Cash at bank and in hand 43,592 52,210
127,951 143,212
Creditors: amounts falling due within one year 6 (71,010) (63,007)
Net current assets 56,941 80,205
Total assets less current liabilities 133,304 161,501
Creditors: amounts falling due after more than one year 7 (118,779) (146,702)
Provisions for liabilities (14,509) (14,708)
Net assets 16 91
Capital and reserves
Called up share capital 2 2
Profit and loss account 14 89
Shareholders' funds 16 91
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jamie Housley
Director
Approved by the board on 28 October 2024
C & H Transport Services Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% reducing balance
Equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 18 17
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2023 22,000
At 31 May 2024 22,000
Amortisation
At 1 June 2023 22,000
At 31 May 2024 22,000
Net book value
At 31 May 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2023 790 118,330 119,120
Additions 1,521 19,000 20,521
At 31 May 2024 2,311 137,330 139,641
Depreciation
At 1 June 2023 368 37,456 37,824
Charge for the year 485 24,969 25,454
At 31 May 2024 853 62,425 63,278
Net book value
At 31 May 2024 1,458 74,905 76,363
At 31 May 2023 422 80,874 81,296
5 Debtors 2024 2023
£ £
Trade debtors 22,223 45,222
Other debtors and prepayments 62,136 45,780
84,359 91,002
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 31,126 2,791
Directors loan account 1,458 25,528
Taxation and social security costs 35,892 17,265
Other creditors and accruals 2,534 17,423
71,010 63,007
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 7,199 10,800
Obligations under finance lease and hire purchase contracts 111,580 135,902
118,779 146,702
8 Other information
C & H Transport Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
51 Brookfield Avenue
Sutton-in-Ashfield
Nottinghamshire
NG17 2DA
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