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REGISTERED NUMBER: 06268269 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

SCHOONER TRANSPORT LIMITED

SCHOONER TRANSPORT LIMITED (REGISTERED NUMBER: 06268269)






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


SCHOONER TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: MJ Dodkin





REGISTERED OFFICE: 15A Woburn Place
Duxford
Cambridge
England
CB22 4QJ





REGISTERED NUMBER: 06268269 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

SCHOONER TRANSPORT LIMITED (REGISTERED NUMBER: 06268269)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 13,411 17,881
13,411 17,881

CURRENT ASSETS
Debtors 7 10,034 536
Cash at bank 14 620
10,048 1,156
CREDITORS
Amounts falling due within one year 8 (21,902 ) (16,269 )
NET CURRENT LIABILITIES (11,854 ) (15,113 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,557 2,768

CREDITORS
Amounts falling due after more than one
year

9

(8,111

)

(11,253

)
NET LIABILITIES (6,554 ) (8,485 )

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings (6,555 ) (8,486 )
SHAREHOLDERS' FUNDS (6,554 ) (8,485 )

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.

SCHOONER TRANSPORT LIMITED (REGISTERED NUMBER: 06268269)

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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 March 2025 and were signed by:





MJ Dodkin - Director


SCHOONER TRANSPORT LIMITED (REGISTERED NUMBER: 06268269)

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

1. STATUTORY INFORMATION

Schooner Transport Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

At the balance sheet date current liabilities exceeded current assets by £6,554 (2023: £8,485). The financial statements have been prepared on a going concern basis as the company continues to receive the support of the director where required to ensure it meets all liabilities as they fall due.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

4. EMPLOYEES AND DIRECTORS

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

SCHOONER TRANSPORT LIMITED (REGISTERED NUMBER: 06268269)

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

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 9,500
AMORTISATION
At 1 July 2023
and 30 June 2024 9,500
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 20,295
DEPRECIATION
At 1 July 2023 2,414
Charge for year 4,470
At 30 June 2024 6,884
NET BOOK VALUE
At 30 June 2024 13,411
At 30 June 2023 17,881

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 10,034 536

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,619 -
Hire purchase contracts 4,635 4,635
Trade creditors 994 305
Taxation and social security 10,804 9,301
Other creditors 850 2,028
21,902 16,269

SCHOONER TRANSPORT LIMITED (REGISTERED NUMBER: 06268269)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 8,111 11,253

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

11. 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:

2024 2023
£    £   
MJ Dodkin
Balance outstanding at start of year (1,179 ) -
Amounts advanced 23,672 -
Amounts repaid (13,365 ) (1,179 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,128 (1,179 )