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REGISTERED NUMBER: 12657690 (England and Wales)














Financial Statements for the Year Ended 30 June 2024

for

Philip Varma Transportation Ltd

Philip Varma Transportation Ltd (Registered number: 12657690)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Philip Varma Transportation Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr P Varma





REGISTERED OFFICE: 18 Coutts Avenue
Chessington
Surrey
KT9 1DA





REGISTERED NUMBER: 12657690 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Philip Varma Transportation Ltd (Registered number: 12657690)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 41,155 62,774

CURRENT ASSETS
Debtors 5 5,142 11,130
Cash at bank 30,443 1,882
35,585 13,012
CREDITORS
Amounts falling due within one year 6 (16,339 ) (8,195 )
NET CURRENT ASSETS 19,246 4,817
TOTAL ASSETS LESS CURRENT LIABILITIES 60,401 67,591

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 60,400 67,590
SHAREHOLDERS' FUNDS 60,401 67,591

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.

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 29 January 2025 and were signed by:





Mr P Varma - Director


Philip Varma Transportation Ltd (Registered number: 12657690)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Philip Varma Transportation 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.
Plant and machinery - 15% on reducing balance
Computer equipment - 25% on reducing balance

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Philip Varma Transportation Ltd (Registered number: 12657690)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 July 2023 76,898 559 77,457
Additions - 941 941
Disposals (22,500 ) - (22,500 )
At 30 June 2024 54,398 1,500 55,898
DEPRECIATION
At 1 July 2023 14,404 279 14,683
Charge for year 5,999 305 6,304
Eliminated on disposal (6,244 ) - (6,244 )
At 30 June 2024 14,159 584 14,743
NET BOOK VALUE
At 30 June 2024 40,239 916 41,155
At 30 June 2023 62,494 280 62,774

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 3,634 2,381
Other debtors 1,508 8,749
5,142 11,130

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 1,785 1,794
Taxation and social security 10,271 2,373
Other creditors 4,283 4,028
16,339 8,195

7. RELATED PARTY DISCLOSURES

The Director Mr P Varma is considered to be key management personnel.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Philip Varma Transportation Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Philip Varma Transportation Ltd for the year ended 30 June 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Philip Varma Transportation Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Philip Varma Transportation Ltd and state those matters that we have agreed to state to the director of Philip Varma Transportation Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Philip Varma Transportation Ltd and its director for our work or for this report.

It is your duty to ensure that Philip Varma Transportation Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Philip Varma Transportation Ltd. You consider that Philip Varma Transportation Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Philip Varma Transportation Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY


Date: .............................................