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
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
CAREY'S TRANSPORT LTD
Statement of financial position
as at 31 August 2024
Intangible assets
900
1,350
Tangible assets
446,030
441,306
Cash at bank and in hand
396,288
257,350
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
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
CAREY'S TRANSPORT LTD
Notes to the Accounts
for the year ended 31 August 2024
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.
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 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
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
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
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
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
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
167,833
223,632
Amounts falling due within one year
Trade debtors
9,354
42,486
Accrued income and prepayments
4,167
-
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
13,527
14,397
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
Loans from directors
491
493
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
112,090
163,944
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
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
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
12
Average number of employees
During the year the average number of employees was 19 (2023: 15).