Company registration number SC340251 (Scotland)
BURMAC TRANSPORT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
BURMAC TRANSPORT LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
BURMAC TRANSPORT LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
30 April 2024
31 March 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
25,750
Current assets
Debtors
4
693
41,409
Cash at bank and in hand
81,826
74,559
82,519
115,968
Creditors: amounts falling due within one year
5
(61,550)
(35,548)
Net current assets
20,969
80,420
Total assets less current liabilities
20,969
106,170
Creditors: amounts falling due after more than one year
6
-
0
(13,902)
Provisions for liabilities
-
0
(6,437)
Net assets
20,969
85,831
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
20,967
85,829
Total equity
20,969
85,831

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial Period ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

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

BURMAC TRANSPORT LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2024
30 April 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 9 October 2024 and are signed on its behalf by:
K.MacCallum
Director
Company Registration No. SC340251
BURMAC TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2024
- 3 -
1
Accounting policies
Company information

Burmac Transport Limited is a private company limited by shares incorporated in Scotland. The registered office is Ballinmhor, Thornhill, Stirling, Stirlingshire, United Kingdom, FK8 3QE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is stated net of VAT. Turnover from haulage services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles
20% Reducing balance
1.4
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

BURMAC TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the Period was:

2024
2023
Number
Number
Total
3
3
3
Tangible fixed assets
Motor vehicles
£
Cost
At 1 April 2023
106,169
Disposals
(106,169)
At 30 April 2024
-
0
Depreciation and impairment
At 1 April 2023
80,419
Eliminated in respect of disposals
(80,419)
At 30 April 2024
-
0
Carrying amount
At 30 April 2024
-
0
At 31 March 2023
25,750
BURMAC TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2024
- 5 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
40,334
Corporation tax recoverable
553
-
0
Other debtors
140
600
Prepayments and accrued income
-
0
475
693
41,409
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
-
0
6,470
Trade creditors
-
0
11,597
Corporation tax
-
0
8,514
Other taxation and social security
-
0
6,667
Other creditors
58,650
-
0
Accruals and deferred income
2,900
2,300
61,550
35,548

 

6
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Bank loans and overdrafts
-
0
13,902
7
Related party transactions

At the period end, the company owed the directors £58,650 (2023: the directors owed the company £600).

2024-04-302023-04-01false09 October 2024CCH SoftwareCCH Accounts Production 2024.210No description of principal activityK.MacCallumG. BurnettK.MacCallumfalsefalseSC3402512023-04-012024-04-30SC3402512024-04-30SC3402512023-03-31SC340251core:MotorVehicles2024-04-30SC340251core:MotorVehicles2023-03-31SC340251core:CurrentFinancialInstrumentscore:WithinOneYear2024-04-30SC340251core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-31SC340251core:Non-currentFinancialInstrumentscore:AfterOneYear2024-04-30SC340251core:Non-currentFinancialInstrumentscore:AfterOneYear2023-03-31SC340251core:CurrentFinancialInstruments2024-04-30SC340251core:CurrentFinancialInstruments2023-03-31SC340251core:ShareCapital2024-04-30SC340251core:ShareCapital2023-03-31SC340251core:RetainedEarningsAccumulatedLosses2024-04-30SC340251core:RetainedEarningsAccumulatedLosses2023-03-31SC340251bus:CompanySecretaryDirector12023-04-012024-04-30SC340251bus:PrivateLimitedCompanyLtd2023-04-012024-04-30SC340251core:MotorVehicles2023-04-012024-04-30SC3402512022-04-012023-03-31SC340251core:MotorVehicles2023-03-31SC340251core:Non-currentFinancialInstruments2024-04-30SC340251core:Non-currentFinancialInstruments2023-03-31SC340251bus:SmallCompaniesRegimeForAccounts2023-04-012024-04-30SC340251bus:FRS1022023-04-012024-04-30SC340251bus:AuditExemptWithAccountantsReport2023-04-012024-04-30SC340251bus:Director12023-04-012024-04-30SC340251bus:Director22023-04-012024-04-30SC340251bus:CompanySecretary12023-04-012024-04-30SC340251bus:FullAccounts2023-04-012024-04-30xbrli:purexbrli:sharesiso4217:GBP