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REGISTERED NUMBER: 11308120 (England and Wales)













BIRMINGHAM CITY TRANSPORT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






BIRMINGHAM CITY TRANSPORT LIMITED (REGISTERED NUMBER: 11308120)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


BIRMINGHAM CITY TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: I A G Mack





REGISTERED OFFICE: 177-179 New Town Row
Birmingham
West Midlands
B6 4QZ





REGISTERED NUMBER: 11308120 (England and Wales)





ACCOUNTANTS: CUTTER & CO LTD
CHARTERED ACCOUNTANTS
3 Lyttleton Court
Birmingham Street
Halesowen
West Midlands
B63 3HN

BIRMINGHAM CITY TRANSPORT LIMITED (REGISTERED NUMBER: 11308120)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,278 247,474
Investments 5 1,100 1,100
22,378 248,574

CURRENT ASSETS
Debtors 6 552,920 579,697
Cash at bank 78 5,069
552,998 584,766
CREDITORS
Amounts falling due within one year 7 537,026 823,144
NET CURRENT ASSETS/(LIABILITIES) 15,972 (238,378 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,350

10,196

CREDITORS
Amounts falling due after more than one
year

8

(16,001

)

(184,378

)

PROVISIONS FOR LIABILITIES (5,320 ) (61,869 )
NET ASSETS/(LIABILITIES) 17,029 (236,051 )

CAPITAL AND RESERVES
Called up share capital 1,200 1,200
Retained earnings 15,829 (237,251 )
SHAREHOLDERS' FUNDS 17,029 (236,051 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

BIRMINGHAM CITY TRANSPORT LIMITED (REGISTERED NUMBER: 11308120)

BALANCE SHEET - continued
31 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 8 April 2025 and were signed by:





I A G Mack - Director


BIRMINGHAM CITY TRANSPORT LIMITED (REGISTERED NUMBER: 11308120)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Birmingham City 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. 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.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.
Motor vehicles - 15% on reducing balance

Investments in subsidiaries
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

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.


BIRMINGHAM CITY TRANSPORT LIMITED (REGISTERED NUMBER: 11308120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued
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.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Going concern
These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.

3. EMPLOYEES AND DIRECTORS

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

BIRMINGHAM CITY TRANSPORT LIMITED (REGISTERED NUMBER: 11308120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 August 2023 346,704
Disposals (310,428 )
At 31 July 2024 36,276
DEPRECIATION
At 1 August 2023 99,230
Charge for year 3,755
Eliminated on disposal (87,987 )
At 31 July 2024 14,998
NET BOOK VALUE
At 31 July 2024 21,278
At 31 July 2023 247,474

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2023 307,678
Disposals (271,402 )
At 31 July 2024 36,276
DEPRECIATION
At 1 August 2023 87,158
Charge for year 3,755
Eliminated on disposal (75,915 )
At 31 July 2024 14,998
NET BOOK VALUE
At 31 July 2024 21,278
At 31 July 2023 220,520

BIRMINGHAM CITY TRANSPORT LIMITED (REGISTERED NUMBER: 11308120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2023
and 31 July 2024 1,100
NET BOOK VALUE
At 31 July 2024 1,100
At 31 July 2023 1,100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 326,108 275,721
Other debtors 226,812 303,976
552,920 579,697

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,002 8,333
Hire purchase contracts 28,900 232,042
Trade creditors 2,700 -
Amounts owed to group undertakings 134,906 457,262
Taxation and social security 126,126 123,787
Other creditors 234,392 1,720
537,026 823,144

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,382 24,167
Hire purchase contracts 2,619 160,211
16,001 184,378

BIRMINGHAM CITY TRANSPORT LIMITED (REGISTERED NUMBER: 11308120)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

9. RELATED PARTY DISCLOSURES

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.

Birmingham Busworks Limited is controlled by the director of Birmingham City Transport Limited.

Services, goods and assets were purchased from Birmingham Busworks Limited to the value of £14,800 (2023: £1,500. At the year end £Nil (2023: £Nil) was owed to Birmingham Busworks Limited for these purchases.

Services, goods and assets were sold to Birmingham Busworks Limited to the value of £13,204 (2023: £262,923). At the year end £Nil (2023: £Nil) was owed from Birmingham Busworks Limited for these sales.

During the prior year funds were loaned to Birmingham Busworks Limited and at the year end the company still owed £232,542 (2023: £303,974). No interest is being charged on the loan and no set repayment terms have been placed on it.

Dividends paid during the year to Directors total £15,318 (2023: £119,085).