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REGISTERED NUMBER: 10056910 (England and Wales)















FLEET TRANSPORT SERVICES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






FLEET TRANSPORT SERVICES LTD (REGISTERED NUMBER: 10056910)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FLEET TRANSPORT SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: P A Kent





SECRETARY: Indigo Secretaries Limited





REGISTERED OFFICE: 3 Kensworth Gate
200-204 High St South
Dunstable
Bedfordshire
LU6 3HS





REGISTERED NUMBER: 10056910 (England and Wales)





ACCOUNTANTS: Higginson & Co (UK) Ltd
3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS

FLEET TRANSPORT SERVICES LTD (REGISTERED NUMBER: 10056910)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 39,769 54,098

CURRENT ASSETS
Stocks 3,128 1,707
Debtors 5 228,485 167,206
Cash at bank and in hand 237,141 279,437
468,754 448,350
CREDITORS
Amounts falling due within one year 6 180,018 154,646
NET CURRENT ASSETS 288,736 293,704
TOTAL ASSETS LESS CURRENT
LIABILITIES

328,505

347,802

PROVISIONS FOR LIABILITIES 7 7,920 10,896
NET ASSETS 320,585 336,906

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 320,485 336,806
SHAREHOLDERS' FUNDS 320,585 336,906

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

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

FLEET TRANSPORT SERVICES LTD (REGISTERED NUMBER: 10056910)

BALANCE SHEET - continued
30 JUNE 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 26 September 2024 and were signed by:





P A Kent - Director


FLEET TRANSPORT SERVICES LTD (REGISTERED NUMBER: 10056910)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Fleet Transport Services Ltd 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.
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

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.

FLEET TRANSPORT SERVICES LTD (REGISTERED NUMBER: 10056910)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 42,780 113,984 156,764
DEPRECIATION
At 1 July 2023 27,151 75,515 102,666
Charge for year 5,162 9,167 14,329
At 30 June 2024 32,313 84,682 116,995
NET BOOK VALUE
At 30 June 2024 10,467 29,302 39,769
At 30 June 2023 15,629 38,469 54,098

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 104,221 106,586
Directors' current accounts 95,527 37,638
Prepayments and accrued income 28,737 22,982
228,485 167,206

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Corporation tax 9,444 20,555
Social security and other taxes 13,061 10,922
VAT 41,914 60,164
Accrued expenses 115,599 63,005
180,018 154,646

7. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax
Accelerated capital allowances 7,920 10,896

FLEET TRANSPORT SERVICES LTD (REGISTERED NUMBER: 10056910)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2023 10,896
Credit to Income Statement during year (2,976 )
Balance at 30 June 2024 7,920

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 £1 A Ordinary shares £1 100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
P A Kent
Balance outstanding at start of year (37,638 ) 3,640
Amounts advanced (57,889 ) -
Amounts repaid - (41,278 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (95,527 ) (37,638 )

Interest has been charged at the official rate on the directors overdrawn loan account.

The overdrawn balance has been repaid by the director.