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REGISTERED NUMBER: 11281258 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Spot On Readymix (Transport) Ltd

Spot On Readymix (Transport) Ltd (Registered number: 11281258)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Spot On Readymix (Transport) Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: S J J Walker





SECRETARY:





REGISTERED OFFICE: Marsh Hall
Lands Head Lane
Halifax
West Yorkshire
HX3 7SR





REGISTERED NUMBER: 11281258 (England and Wales)





ACCOUNTANTS: Phillips, Cross & Co Limited
15 Valley Road
Simmondley
Glossop
Derbyshire
SK13 6YN

Spot On Readymix (Transport) Ltd (Registered number: 11281258)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 761,186 867,779

CURRENT ASSETS
Stocks 15,000 11,003
Debtors 5 216,825 346,360
Cash at bank 105,766 89,582
337,591 446,945
CREDITORS
Amounts falling due within one year 6 716,169 808,338
NET CURRENT LIABILITIES (378,578 ) (361,393 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

382,608

506,386

CREDITORS
Amounts falling due after more than one year 7 (36,904 ) (165,558 )

PROVISIONS FOR LIABILITIES (138,640 ) (164,878 )
NET ASSETS 207,064 175,950

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 206,964 175,850
SHAREHOLDERS' FUNDS 207,064 175,950

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 his 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.

Spot On Readymix (Transport) Ltd (Registered number: 11281258)

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.

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 25 November 2024 and were signed by:





S J J Walker - Director


Spot On Readymix (Transport) Ltd (Registered number: 11281258)

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

1. STATUTORY INFORMATION

Spot On Readymix (Transport) Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Spot On Readymix (Transport) Ltd (Registered number: 11281258)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 1,350,894
Additions 37,787
Disposals (10,000 )
At 31 March 2024 1,378,681
DEPRECIATION
At 1 April 2023 483,115
Charge for year 138,380
Eliminated on disposal (4,000 )
At 31 March 2024 617,495
NET BOOK VALUE
At 31 March 2024 761,186
At 31 March 2023 867,779

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 216,725 314,254
Other debtors 100 32,106
216,825 346,360

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 116,619 158,703
Trade creditors 194,027 247,271
Taxation and social security 21,416 28,370
Other creditors 374,107 363,994
716,169 808,338

Spot On Readymix (Transport) Ltd (Registered number: 11281258)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 18,333 28,333
Hire purchase contracts 18,571 137,225
36,904 165,558