Company Registration No. 09679324 (England and Wales)
THE KING OF TRANSPORT LTD
Unaudited accounts
for the year ended 31 July 2024
THE KING OF TRANSPORT LTD
Unaudited accounts
Contents
THE KING OF TRANSPORT LTD
Company Information
for the year ended 31 July 2024
Director
SEBASTIAN ALEXANDRU ANDREI
Company Number
09679324 (England and Wales)
Registered Office
18 The Picketts
Canvey Island
Essex
SS8 9NT
England
Accountants
Lexarox Ltd
Unit 128
203-213 Mare Street
London
LONDON
E8 3JS
THE KING OF TRANSPORT LTD
Statement of financial position
as at 31 July 2024
Tangible assets
89,071
124,877
Cash at bank and in hand
3,484
22,087
Creditors: amounts falling due within one year
(23,634)
7,061
Net current assets
2,607
60,681
Total assets less current liabilities
91,678
185,558
Creditors: amounts falling due after more than one year
(90,664)
(133,479)
Profit and loss account
1,014
52,079
Shareholders' funds
1,014
52,079
For the year ending 31 July 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 20 February 2025 and were signed on its behalf by
SEBASTIAN ALEXANDRU ANDREI
Director
Company Registration No. 09679324
THE KING OF TRANSPORT LTD
Notes to the Accounts
for the year ended 31 July 2024
THE KING OF TRANSPORT LTD is a private company, limited by shares, registered in England and Wales, registration number 09679324. The registered office is 18 The Picketts, Canvey Island, Essex, SS8 9NT, England.
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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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
The depreciation is applied at 20% using straight line. method.
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Tangible fixed assets
Motor vehicles
Charge for the year
35,806
THE KING OF TRANSPORT LTD
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Trade debtors
11,428
14,037
Amounts falling due after more than one year
Accrued income and prepayments
11,329
-
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,066
6,441
Taxes and social security
5,199
2,008
Proposed dividends
9,163
-
Loans from directors
-
(5,521)
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
60,898
95,374
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Average number of employees
During the year the average number of employees was 2 (2023: 2).