1 September 2023 false Taxfiler 2024.7 10354143business:PrivateLimitedCompanyLtd2023-09-012024-08-31 103541432023-08-31 103541432023-09-012024-08-31 10354143business:AuditExempt-NoAccountantsReport2023-09-012024-08-31 10354143business:FilletedAccounts2023-09-012024-08-31 103541432024-08-31 10354143business:Director12023-09-012024-08-31 10354143business:CompanySecretary12023-09-012024-08-31 10354143business:RegisteredOffice2023-09-012024-08-31 103541432023-08-31 10354143core:WithinOneYear2024-08-31 10354143core:WithinOneYear2023-08-31 10354143core:AfterOneYear2024-08-31 10354143core:AfterOneYear2023-08-31 10354143core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 10354143core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 10354143core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 10354143core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 10354143core:PreviouslyStatedAmount2024-08-31 10354143core:PreviouslyStatedAmount2023-08-31 10354143business:SmallEntities2023-09-012024-08-31 10354143countries:EnglandWales2023-09-012024-08-31 10354143core:PlantMachinery2023-09-012024-08-31 10354143core:MotorVehicles2023-09-012024-08-31 10354143core:FurnitureFittings2023-09-012024-08-31 10354143core:ComputerEquipment2023-09-012024-08-31 10354143core:IntangibleAssetsOtherThanGoodwill2023-08-31 10354143core:IntangibleAssetsOtherThanGoodwill2024-08-31 10354143core:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-31 10354143core:PlantMachinery2023-08-31 10354143core:MotorVehicles2023-08-31 10354143core:FurnitureFittings2023-08-31 10354143core:ComputerEquipment2023-08-31 10354143core:PlantMachinery2024-08-31 10354143core:MotorVehicles2024-08-31 10354143core:FurnitureFittings2024-08-31 10354143core:ComputerEquipment2024-08-31 10354143core:MotorVehiclescore:LeasedAssetsHeldAsLessee2024-08-31 10354143core:MotorVehiclescore:LeasedAssetsHeldAsLessee2023-08-31 10354143core:AcceleratedTaxDepreciationDeferredTax2024-08-31 10354143core:AcceleratedTaxDepreciationDeferredTax2023-08-31 103541432023-03-31 103541432023-04-012023-08-31 10354143business:OrdinaryShareClass12023-09-012024-08-31 10354143business:OrdinaryShareClass12023-04-012023-08-31 10354143core:BetweenOneFiveYears2024-08-31 10354143core:BetweenOneFiveYears2023-08-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 10354143 (England and Wales)
CAREY'S TRANSPORT LTD Unaudited accounts for the year ended 31 August 2024
CAREY'S TRANSPORT LTD Unaudited accounts Contents
Page
- 2 -
CAREY'S TRANSPORT LTD Company Information for the year ended 31 August 2024
Director
Nicholas Paul CAREY
Secretary
Louisa Mary CAREY
Company Number
10354143 (England and Wales)
Registered Office
9 Cliffside Drive Broadstairs CT10 1RX
- 3 -
CAREY'S TRANSPORT LTD Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
900 
1,350 
Tangible assets
446,030 
441,306 
446,930 
442,656 
Current assets
Debtors
17,738 
49,728 
Cash at bank and in hand
396,288 
257,350 
414,026 
307,078 
Creditors: amounts falling due within one year
(81,333)
(83,703)
Net current assets
332,693 
223,375 
Total assets less current liabilities
779,623 
666,031 
Creditors: amounts falling due after more than one year
(119,590)
(181,444)
Provisions for liabilities
Deferred tax
(58,633)
(84,128)
Net assets
601,400 
400,459 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
601,300 
400,359 
Shareholders' funds
601,400 
400,459 
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 director acknowledges his 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 and authorised for issue on 18 February 2025 and were signed on its behalf by
Nicholas Paul CAREY Director Company Registration No. 10354143
- 4 -
CAREY'S TRANSPORT LTD Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
CAREY'S TRANSPORT LTD is a private company, limited by shares, registered in England and Wales, registration number 10354143. The registered office is 9 Cliffside Drive, Broadstairs, CT10 1RX.
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.
Intangible fixed assets
Intangible fixed assets are included at cost less accumulated amortisation to write off the cost of the asset over its estimated useful lifetime of ten years.
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% on cost
Motor vehicles
25% reducing balance
Fixtures & fittings
20% on cost
Computer equipment
33% on cost
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.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 September 2023
4,500 
At 31 August 2024
4,500 
Amortisation
At 1 September 2023
3,150 
Charge for the year
450 
At 31 August 2024
3,600 
Net book value
At 31 August 2024
900 
At 31 August 2023
1,350 
- 5 -
CAREY'S TRANSPORT LTD Notes to the Accounts for the year ended 31 August 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 September 2023
8,160 
797,789 
5,500 
4,421 
815,870 
Additions
41,640 
175,342 
- 
800 
217,782 
Disposals
- 
(102,842)
- 
- 
(102,842)
At 31 August 2024
49,800 
870,289 
5,500 
5,221 
930,810 
Depreciation
At 1 September 2023
3,309 
366,172 
2,200 
2,883 
374,564 
Charge for the year
12,450 
95,327 
1,100 
1,339 
110,216 
At 31 August 2024
15,759 
461,499 
3,300 
4,222 
484,780 
Net book value
At 31 August 2024
34,041 
408,790 
2,200 
999 
446,030 
At 31 August 2023
4,851 
431,617 
3,300 
1,538 
441,306 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
167,833 
223,632 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
4,217 
7,242 
Trade debtors
9,354 
42,486 
Accrued income and prepayments
4,167 
- 
17,738 
49,728 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
13,527 
14,397 
VAT
1,521 
- 
Obligations under finance leases and hire purchase contracts
55,744 
59,688 
Trade creditors
1,673 
2,858 
Taxes and social security
7,205 
6,267 
Other creditors
1,172 
- 
Loans from directors
491 
493 
81,333 
83,703 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,500 
17,500 
Obligations under finance leases and hire purchase contracts
112,090 
163,944 
119,590 
181,444 
- 6 -
CAREY'S TRANSPORT LTD Notes to the Accounts for the year ended 31 August 2024
9
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
58,633 
84,128 
2024 
2023 
£ 
£ 
Provision at start of year
84,128 
62,398 
(Credited)/charged to the profit and loss account
(25,495)
21,730 
Provision at end of year
58,633 
84,128 
10
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
11
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 August 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
65,707 
70,274 
Later than one year and not later than five years
132,623 
194,282 
198,330 
264,556 
12
Average number of employees
During the year the average number of employees was 19 (2023: 15).
- 7 -