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REGISTERED NUMBER: 08603577 (England and Wales)










Financial Statements

for the Year Ended 30 July 2024

for

Tony Carter Transport Limited

Tony Carter Transport Limited (Registered number: 08603577)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Tony Carter Transport Limited

Company Information
for the Year Ended 30 July 2024







DIRECTOR: Mr A J Carter





REGISTERED OFFICE: 52-56 Coatsworth Road
Gateshead
Tyne and Wear
NE8 1QN





REGISTERED NUMBER: 08603577 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
52-56 Coatsworth Road
Gateshead
NE8 1QN

Tony Carter Transport Limited (Registered number: 08603577)

Balance Sheet
30 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 286,198 236,303

CURRENT ASSETS
Debtors 5 273,094 249,444
Cash at bank and in hand 613,170 570,623
886,264 820,067
CREDITORS
Amounts falling due within one year 6 (325,185 ) (327,059 )
NET CURRENT ASSETS 561,079 493,008
TOTAL ASSETS LESS CURRENT
LIABILITIES

847,277

729,311

CREDITORS
Amounts falling due after more than one year 7 (27,317 ) (49,736 )

PROVISIONS FOR LIABILITIES (52,797 ) (39,030 )
NET ASSETS 767,163 640,545

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 767,063 640,445
767,163 640,545

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

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

Tony Carter Transport Limited (Registered number: 08603577)

Balance Sheet - continued
30 July 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 21 January 2025 and were signed by:





Mr A J Carter - Director


Tony Carter Transport Limited (Registered number: 08603577)

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

1. STATUTORY INFORMATION

Tony Carter 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Tony Carter Transport Limited (Registered number: 08603577)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 31 July 2023 - 251 458,495 - 458,746
Additions 7,911 - 122,610 548 131,069
Disposals - - (37,250 ) - (37,250 )
At 30 July 2024 7,911 251 543,855 548 552,565
DEPRECIATION
At 31 July 2023 - 237 222,206 - 222,443
Charge for year - 4 72,845 1 72,850
Eliminated on disposal - - (28,926 ) - (28,926 )
At 30 July 2024 - 241 266,125 1 266,367
NET BOOK VALUE
At 30 July 2024 7,911 10 277,730 547 286,198
At 30 July 2023 - 14 236,289 - 236,303

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 31 July 2023
and 30 July 2024 194,045
DEPRECIATION
At 31 July 2023
and 30 July 2024 98,403
NET BOOK VALUE
At 30 July 2024 95,642
At 30 July 2023 95,642

Tony Carter Transport Limited (Registered number: 08603577)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 215,375 153,420
Other debtors - 96,024
Directors' current accounts 57,719 -
273,094 249,444

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 48,371 37,387
Trade creditors 207,455 165,869
Corporation tax 21,951 32,326
Social security and other tax 2,974 11,586
Pension fund 623 915
VAT 40,977 42,012
Directors' current accounts - 34,340
Accrued expenses 2,834 2,624
325,185 327,059

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 27,317 49,736

8. RESERVES
Retained
earnings
£   

At 31 July 2023 640,445
Profit for the year 126,618
At 30 July 2024 767,063

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

No dividend were paid to the director' during the year (2023- NIL). The director owed the company £57,719 as at 30 July 2024 (The Company owed the director £34,340 as at 30 July 2023).