2023-04-01 2024-03-31 false No description of principal activity Capium Accounts Production 1.1 10087468 2023-04-01 2024-03-31 10087468 bus:AbridgedAccounts 2023-04-01 2024-03-31 10087468 bus:FRS102 2023-04-01 2024-03-31 10087468 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10087468 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10087468 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10087468 2023-04-01 2024-03-31 10087468 2024-03-31 10087468 bus:RegisteredOffice 2023-04-01 2024-03-31 10087468 core:WithinOneYear 2024-03-31 10087468 core:AfterOneYear 2024-03-31 10087468 1 2023-04-01 2024-03-31 10087468 bus:Director1 2023-04-01 2024-03-31 10087468 bus:Director1 2024-03-31 10087468 bus:Director1 2022-04-01 2023-03-31 10087468 2022-04-01 10087468 bus:LeadAgentIfApplicable 2023-04-01 2024-03-31 10087468 2022-04-01 2023-03-31 10087468 2023-03-31 10087468 core:WithinOneYear 2023-03-31 10087468 core:AfterOneYear 2023-03-31 10087468 bus:EntityAccountantsOrAuditors 2022-04-01 2023-03-31 10087468 core:PlantMachinery 2023-04-01 2024-03-31 10087468 core:PlantMachinery 2024-03-31 10087468 core:PlantMachinery 2023-03-31 10087468 core:MotorCars 2023-04-01 2024-03-31 10087468 core:MotorCars 2024-03-31 10087468 core:MotorCars 2023-03-31 10087468 core:ComputerEquipment 2023-04-01 2024-03-31 10087468 core:ComputerEquipment 2024-03-31 10087468 core:ComputerEquipment 2023-03-31 10087468 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-03-31 10087468 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-03-31 10087468 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 10087468 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 10087468 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-03-31 10087468 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-03-31 10087468 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-03-31 10087468 core:Non-currentFinancialInstruments 2024-03-31 10087468 core:Non-currentFinancialInstruments 2023-03-31 10087468 core:ShareCapital 2024-03-31 10087468 core:ShareCapital 2023-03-31 10087468 core:RetainedEarningsAccumulatedLosses 2024-03-31 10087468 core:RetainedEarningsAccumulatedLosses 2023-03-31 10087468 dpl:Item1 2023-04-01 10087468 dpl:Item1 2024-03-31 10087468 dpl:Item1 2022-04-01 10087468 dpl:Item1 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 10087468
England and Wales

 

 

 

PASSION TRANSPORT LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 670,295    478,311 
670,295    478,311 
Current assets      
Stocks 335,697    104,432 
Debtors 276,419    607,296 
Cash at bank and in hand 64,418    8,137 
676,534    719,865 
Creditors: amount falling due within one year (707,410)   (607,172)
Net current assets (30,876)   112,693 
 
Total assets less current liabilities 639,419    591,004 
Creditors: amount falling due after more than one year (234,828)   (206,526)
Net assets 404,591    384,478 
 

Capital and reserves
     
Called up share capital 240,100    240,100 
Profit and loss account 164,491    144,378 
Shareholders' funds 404,591    384,478 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 31 January 2025 and were signed by:


-------------------------------
Dhanvir Singh
Director
1
General Information
Passion Transport Limited is a private company, limited by shares, registered in England and Wales, registration number 10087468, registration address Suite 160 Communications House, 9 St. Johns Street , Colchester, CO2 7NN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Motor Vehicles 10 Yrs Straight Line
Computer Equipment 20% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 18 (2023 : 17).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £
At 01 April 2023 1,234    643,642    6,047    650,923 
Additions   284,080      284,080 
Disposals   (8,401)     (8,401)
At 31 March 2024 1,234    919,321    6,047    926,602 
Depreciation
At 01 April 2023 581    170,397    1,634    172,612 
Charge for year 131    82,902    662    83,695 
On disposals      
At 31 March 2024 712    253,299    2,296    256,307 
Net book values
Closing balance as at 31 March 2024 522    666,022    3,751    670,295 
Opening balance as at 01 April 2023 653    473,245    4,413    478,311 


2