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REGISTERED NUMBER: 05964320 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

IBBOTSON TRANSPORT LIMITED

IBBOTSON TRANSPORT LIMITED (REGISTERED NUMBER: 05964320)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


IBBOTSON TRANSPORT LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: Mrs H Ibbotson





SECRETARY: Mrs H Ibbotson





REGISTERED OFFICE: Vantage House
3 East Terrace Business Park
Euxton Lane, Euxton
Chorley
Lancashire
PR7 6TB





REGISTERED NUMBER: 05964320 (England and Wales)





ACCOUNTANTS: Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House
3 East Terrace Business Park
Euxton Lane, Euxton
Chorley
Lancashire
PR7 6TB

IBBOTSON TRANSPORT LIMITED (REGISTERED NUMBER: 05964320)

ABRIDGED BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 117,482 136,534
117,482 136,534

CURRENT ASSETS
Debtors 126,836 144,254
Cash at bank 220,258 119,251
347,094 263,505
CREDITORS
Amounts falling due within one year 91,643 66,481
NET CURRENT ASSETS 255,451 197,024
TOTAL ASSETS LESS CURRENT
LIABILITIES

372,933

333,558

CREDITORS
Amounts falling due after more than one
year

(33,943

)

(44,189

)

PROVISIONS FOR LIABILITIES (29,371 ) (34,026 )
NET ASSETS 309,619 255,343

CAPITAL AND RESERVES
Called up share capital 112 112
Retained earnings 309,507 255,231
SHAREHOLDERS' FUNDS 309,619 255,343

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 director acknowledges her 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.

IBBOTSON TRANSPORT LIMITED (REGISTERED NUMBER: 05964320)

ABRIDGED BALANCE SHEET - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 November 2024 and were signed by:





Mrs H Ibbotson - Director


IBBOTSON TRANSPORT LIMITED (REGISTERED NUMBER: 05964320)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Ibbotson 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
The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year and have also been consistently applied within the same accounts.

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Turnover
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

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.
Improvements to property - not provided
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 11 ) .

IBBOTSON TRANSPORT LIMITED (REGISTERED NUMBER: 05964320)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 69,000
AMORTISATION
At 1 April 2023
and 31 March 2024 69,000
NET BOOK VALUE

At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 226,538
Additions 14,000
Disposals (20,000 )
At 31 March 2024 220,538
DEPRECIATION
At 1 April 2023 90,004
Charge for year 31,300
Eliminated on disposal (18,248 )
At 31 March 2024 103,056
NET BOOK VALUE
At 31 March 2024 117,482
At 31 March 2023 136,534

6. ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party is Mrs Ibbotson by virtue of her Directorship and Shareholding.