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Company Registration No. 12497353 (England and Wales)
Carro Transport Ltd Unaudited accounts for the year ended 31 August 2024
Carro Transport Ltd Unaudited accounts Contents
Page
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Carro Transport Ltd Company Information for the year ended 31 August 2024
Directors
Lee B Roberts Lee B Roberts
Company Number
12497353 (England and Wales)
Registered Office
19 Warren Park Way Enderby Leicester LE19 4SA England
Accountants
Daniel Grant 69a Wickham Avenue Bexhill-on-Sea East Sussex TN39 3ES
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Carro Transport Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
104,478 
144,304 
Current assets
Debtors
330,016 
252,577 
Cash at bank and in hand
40,835 
21,640 
370,851 
274,217 
Creditors: amounts falling due within one year
(311,218)
(469,489)
Net current assets/(liabilities)
59,633 
(195,272)
Total assets less current liabilities
164,111 
(50,968)
Creditors: amounts falling due after more than one year
(258,970)
(105,153)
Provisions for liabilities
Other provisions
(27,418)
(27,418)
Net liabilities
(122,277)
(183,539)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(122,377)
(183,639)
Shareholders' funds
(122,277)
(183,539)
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 February 2025 and were signed on its behalf by
Lee B Roberts Director Company Registration No. 12497353
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Carro Transport Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Carro Transport Ltd is a private company, limited by shares, registered in England and Wales, registration number 12497353. The registered office is 19 Warren Park Way, Enderby, Leicester, LE19 4SA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared in accordance with Financial Reporting Standards 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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% R B
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Carro Transport Ltd Notes to the Accounts for the year ended 31 August 2024
Going concern
The financial statements have been prepared on the going concern basis which assumes the company will continue to trade. The assumption has been made that the current director continues to maintain the necessary financial support.
EMPLOYESS AND DIRECTORS
The average number of employees during the year was 9 (2023 - 7)
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2023
238,225 
Disposals
(5,000)
At 31 August 2024
233,225 
Depreciation
At 1 September 2023
93,921 
Charge for the year
34,826 
At 31 August 2024
128,747 
Net book value
At 31 August 2024
104,478 
At 31 August 2023
144,304 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
328,353 
250,914 
Other debtors
1,663 
1,663 
330,016 
252,577 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
3,559 
8,935 
Obligations under finance leases and hire purchase contracts
49,851 
49,851 
Trade creditors
207,351 
368,117 
Taxes and social security
38,498 
30,627 
Other creditors
1,959 
1,959 
311,218 
469,489 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,333 
8,333 
Obligations under finance leases and hire purchase contracts
250,637 
96,820 
258,970 
105,153 
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Carro Transport Ltd Notes to the Accounts for the year ended 31 August 2024
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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