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BILLINGHAM LIGHT TRANSPORT LTD
Registered Number:06645698
For the year ended 31 July 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 July 2024
BILLINGHAM LIGHT TRANSPORT LTD
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
06645698
As at 31 July 2024
BILLINGHAM LIGHT TRANSPORT LTD
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
73,982
75,227
2
73,982
75,227
Current assets
Trade and other receivables
36,822
39,569
3
63,052
Cash and cash equivalents
52,255
91,824
99,874
Trade and other payables: amounts falling due within one
year
(74,510)
(72,935)
4
25,364
18,889
Net current assets
Total assets less current liabilities
92,871
100,591
92,871
Net assets
100,591
Capital and reserves
Called up share capital
2
2
Retained earnings
92,869
100,589
92,871
100,591
Shareholders' funds
For the year ended 31 July 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
MR M FAIRBAIRN Director
These financial statements were approved and authorised for issue by the Board on 11 April 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 July 2024
BILLINGHAM LIGHT TRANSPORT LTD
Notes to the Financial Statements
Statutory Information
BILLINGHAM LIGHT TRANSPORT LTD is a private limited company, limited by shares, domiciled in England and
Wales, registration number 06645698.
Registered address:
7 HOGARTH CLOSE
BILLINGHAM
STOCKTON
TS23 3GD
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Capital Repairs
20% Reducing balance
Plant and Machinery
20% Reducing balance
20% Reducing balance
Computer Equipment
20% Reducing balance
Motor Vehicles
2. Property, plant and equipment
Total
Computer
Equipment
Motor Vehicles
Plant and
Machinery
Capital
Repairs
£
£
£
£
£
Cost or
valuation
At 01 August 2023
303,660
5,605
255,337
19,065
23,653
17,250
-
17,250
-
-
Additions
At 31 July 2024
19,065
272,587
5,605
320,910
23,653
Provision for depreciation and impairment
At 01 August 2023
228,433
4,198
201,453
14,267
8,515
Charge for year
18,495
153
14,273
1,041
3,028
At 31 July 2024
246,928
4,351
215,726
15,308
11,543
At 31 July 2024
Net book value
12,110
3,757
56,861
1,254
73,982
At 31 July 2023
15,138
4,798
53,884
1,407
75,227
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5
For the year ended 31 July 2024
BILLINGHAM LIGHT TRANSPORT LTD
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Trade debtors
38,424
35,604
Other debtors
1,145
1,218
36,822
39,569
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
1,409
1,569
Taxation and social security
17,827
20,881
Accruals and deferred income
740
740
Directors' loan accounts
52,941
51,320
Other creditors
18
-
72,935
74,510
5. Average number of persons employed
During the year the average number of employees was 7 (2023 : 8)
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