for the Period Ended 30 June 2024
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 30 June 2024
Principal activities of the company
Directors
The director shown below has held office during the whole of the period from
1 July 2023
to
30 June 2024
The directors shown below have held office during the period of
1 August 2023
to
30 June 2024
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2024 | 2023 | |
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£ |
£ |
Turnover: |
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Cost of sales: |
(
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(
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Gross profit(or loss): |
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Administrative expenses: |
(
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(
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Operating profit(or loss): |
( |
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Profit(or loss) before tax: |
( |
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Profit(or loss) for the financial year: |
( |
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As at
Notes | 2024 | 2023 | |
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£ |
£ |
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Fixed assets | |||
Tangible assets: | 3 |
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Total fixed assets: |
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Current assets | |||
Debtors: | 4 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 5 |
(
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(
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Net current assets (liabilities): |
( |
( |
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Total assets less current liabilities: |
( |
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Total net assets (liabilities): |
( |
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Members' funds | |||
Profit and loss account: |
( |
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Total members' funds: |
( |
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 June 2024
Basis of measurement and preparation
Turnover policy
Tangible fixed assets depreciation policy
for the Period Ended 30 June 2024
2024 | 2023 | |
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Average number of employees during the period |
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for the Period Ended 30 June 2024
Land & buildings | Plant & machinery | Fixtures & fittings | Office equipment | Motor vehicles | Total | |
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Cost | £ | £ | £ | £ | £ | £ |
At 1 July 2023 |
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Additions |
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Disposals | ||||||
Revaluations | ||||||
Transfers | ||||||
At 30 June 2024 |
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Depreciation | ||||||
At 1 July 2023 |
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Charge for year |
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On disposals | ||||||
Other adjustments | ||||||
At 30 June 2024 |
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Net book value | ||||||
At 30 June 2024 |
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At 30 June 2023 |
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for the Period Ended 30 June 2024
2024 | 2023 | |
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£ | £ | |
Trade debtors |
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Prepayments and accrued income |
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Total |
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for the Period Ended 30 June 2024
2024 | 2023 | |
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£ | £ | |
Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Total |
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During the financial year, the company continued to run training courses, using a 3rd aprty subcontractor to deliver training. These programes had a specific employer attached to them, to improve the outcomes and ensure that newly trained drivers were given opportunities in businesses that would ensure they were safely on-boarded, with robust induction plans. All trainees were unemployed at the start of their training journey, thus we are working to reduce the burden on the taxpayer by taking these people off benefits, into paid and meaningful employment. The company has also worked to establish and continue relationships with HM Prison and probation Service and planning programes to roll-out in prison across the country. We have been successful in engaging with Parc Prison in Wales, Berwyn Prison in North Wales, with a number of ex-offenders taking places on one four programes. This has give ex-offenders the opportunity to learn to drive a lorry whilst still serving their sentences, with the aim on transitioning them into employment with a designated employers as soon as they leave prison. the goal of this si to reduce re-offending rates and give people a real opportunity to change their lives through employment as a lory drivers and the good salary that will be afforded to them.
The stakeholder's are employers seeking drivers, and drivers seeking employment. The directors of the company continue to develop this business model based on extensive knowledge and experience of the transport and logistics sectors, through liaison with industry leasers, unemployed groups / individuals. Through continuing this research it ahs been identified that the transport and logistics sector is facing a staffing problem particularly with driver vacancies. There are upfront costs of £4,000 that an individual is required to pay, which is beyond the ability of may who are from the sections of society that the company seeks to support. In this financial year, we have again supplied new drivers to a variety of employers across the UK. We stay in close contact with them and their new employees up to one year post placement , mitigating any risk of failure ad providing a vital mediation service to both employer and employee. We have received very positive feedback from our employees in raged to the quality of our trainees and the training they have received. Employers particularly like that we give contact to the trainees, regarding the role of a driver, and the learn skill such as route-planning using a map and not relying on digital equipment such as sat nav.
£77,440 was paid to directors
No transfer of assets other than for full consideration
This report was approved by the board of directors on
26 March 2025
And signed on behalf of the board by:
Name: James French
Status: Director