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Hermes Transport UK Limited

Unaudited Financial Statements

for the Period 1 January 2023 to 30 December 2023






Hermes Transport UK Limited (Registered number: 03689628)






Contents of the Financial Statements
for the Period 1 January 2023 to 30 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hermes Transport UK Limited

Company Information
for the Period 1 January 2023 to 30 December 2023







DIRECTOR: I Millington





REGISTERED OFFICE: 48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG





REGISTERED NUMBER: 03689628 (England and Wales)





ACCOUNTANTS: Matthews Sutton & Co Ltd
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG

Hermes Transport UK Limited (Registered number: 03689628)

Balance Sheet
30 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 78,440 63,941

CURRENT ASSETS
Debtors 5 14,487 21,746
Cash at bank 35,212 21,105
49,699 42,851
CREDITORS
Amounts falling due within one year 6 69,508 70,233
NET CURRENT LIABILITIES (19,809 ) (27,382 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

58,631

36,559

CREDITORS
Amounts falling due after more than one
year

7

(35,951

)

(32,275

)

PROVISIONS FOR LIABILITIES (14,904 ) (842 )
NET ASSETS 7,776 3,442

CAPITAL AND RESERVES
Called up share capital 8 8
Retained earnings 7,768 3,434
7,776 3,442

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 December 2023 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.

Hermes Transport UK Limited (Registered number: 03689628)

Balance Sheet - continued
30 December 2023


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 19 January 2025 and were signed by:





I Millington - Director


Hermes Transport UK Limited (Registered number: 03689628)

Notes to the Financial Statements
for the Period 1 January 2023 to 30 December 2023

1. STATUTORY INFORMATION

Hermes Transport UK 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 33% on reducing balance
Motor vehicles - 33% on reducing balance

Taxation
Taxation for the period 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 period 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Hermes Transport UK Limited (Registered number: 03689628)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 30 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 181,133 11,357 192,490
Additions 62,000 - 62,000
Disposals (19,750 ) - (19,750 )
At 30 December 2023 223,383 11,357 234,740
DEPRECIATION
At 1 January 2023 117,624 10,925 128,549
Charge for period 38,492 143 38,635
Eliminated on disposal (10,884 ) - (10,884 )
At 30 December 2023 145,232 11,068 156,300
NET BOOK VALUE
At 30 December 2023 78,151 289 78,440
At 31 December 2022 63,509 432 63,941

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2023 35,750
Additions 32,000
Transfer to ownership (6,578 )
At 30 December 2023 61,172
DEPRECIATION
At 1 January 2023 5,220
Charge for period 18,464
At 30 December 2023 23,684
NET BOOK VALUE
At 30 December 2023 37,488
At 31 December 2022 30,530

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 14,487 21,746

Hermes Transport UK Limited (Registered number: 03689628)

Notes to the Financial Statements - continued
for the Period 1 January 2023 to 30 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,600 5,600
Hire purchase contracts 17,739 19,083
Trade creditors 3,578 861
Taxation and social security 17,074 20,766
Other creditors 25,517 23,923
69,508 70,233

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 7,933 13,542
Hire purchase contracts 28,018 18,733
35,951 32,275

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 December 2023 and the year ended 31 December 2022:

2023 2022
£    £   
I Millington
Balance outstanding at start of period - 1,442
Amounts repaid - (1,442 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - -