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REGISTERED NUMBER: 04322241 (England and Wales)















BELT TRANSPORT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 DECEMBER 2023 TO 30 SEPTEMBER 2024






BELT TRANSPORT LIMITED (REGISTERED NUMBER: 04322241)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2023 TO 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BELT TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 DECEMBER 2023 TO 30 SEPTEMBER 2024







DIRECTOR: L B Belt





REGISTERED OFFICE: Goose Green
Templeton
Narberth
Pembrokeshire
SA67 8SD





REGISTERED NUMBER: 04322241 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Chartered Accountants
45 High Street
Haverfordwest
Pembrokeshire
SA61 2BP

BELT TRANSPORT LIMITED (REGISTERED NUMBER: 04322241)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 113,582 103,896

CURRENT ASSETS
Debtors 5 81,053 126,820
Cash at bank 30,841 60,414
111,894 187,234
CREDITORS
Amounts falling due within one year 6 74,892 78,724
NET CURRENT ASSETS 37,002 108,510
TOTAL ASSETS LESS CURRENT
LIABILITIES

150,584

212,406

CREDITORS
Amounts falling due after more than one
year

7

(38,213

)

(51,089

)

PROVISIONS FOR LIABILITIES (21,581 ) (19,741 )
NET ASSETS 90,790 141,576

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 90,788 141,574
90,790 141,576

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2024.

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

BELT TRANSPORT LIMITED (REGISTERED NUMBER: 04322241)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 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 10 February 2025 and were signed by:





L B Belt - Director


BELT TRANSPORT LIMITED (REGISTERED NUMBER: 04322241)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 DECEMBER 2023 TO 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Belt Transport 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 - 15% reducing balance
Motor vehicles - 25% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

BELT TRANSPORT LIMITED (REGISTERED NUMBER: 04322241)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2023 TO 30 SEPTEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 18 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
Machinery vehicles Totals
£    £    £   
COST
At 1 December 2023 114,631 161,874 276,505
Additions - 46,235 46,235
At 30 September 2024 114,631 208,109 322,740
DEPRECIATION
At 1 December 2023 104,745 67,864 172,609
Charge for period 1,485 35,064 36,549
At 30 September 2024 106,230 102,928 209,158
NET BOOK VALUE
At 30 September 2024 8,401 105,181 113,582
At 30 November 2023 9,886 94,010 103,896

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
Machinery vehicles Totals
£    £    £   
COST
At 1 December 2023
and 30 September 2024 12,050 95,034 107,084
DEPRECIATION
At 1 December 2023 9,296 52,455 61,751
Charge for period 414 10,645 11,059
At 30 September 2024 9,710 63,100 72,810
NET BOOK VALUE
At 30 September 2024 2,340 31,934 34,274
At 30 November 2023 2,754 42,579 45,333

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 806 1,005
Amounts owed by associates 77,258 125,175
Other debtors 2,989 640
81,053 126,820

BELT TRANSPORT LIMITED (REGISTERED NUMBER: 04322241)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 DECEMBER 2023 TO 30 SEPTEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 12,561 14,598
Trade creditors 14,205 6,106
Taxation and social security 37,963 35,856
Other creditors 10,163 22,164
74,892 78,724

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 32,783 37,222
Hire purchase contracts 5,430 13,867
38,213 51,089

8. RELATED PARTY DISCLOSURES

During the year the director made funds available to the company to assist with the provision of working capital. The loan was interest free, unsecured and repayable on demand. The amount outstanding at the balance sheet date was £8,486 (2023 - £20,595).