Company Registration No. 09622365 (England and Wales)
Three Legged Transport Limited
Unaudited accounts
for the year ended 31 August 2024
Three Legged Transport Limited
Unaudited accounts
Contents
Three Legged Transport Limited
Company Information
for the year ended 31 August 2024
Directors
R J D McGowan
A J Squires
Company Number
09622365 (England and Wales)
Registered Office
79 Condor Close
Woolsbridge Industrial Estate
Three Legged Cross
Dorset
BH21 6SU
Accountants
Peats
Alum House
Discovery Court
551-553 Wallisdown Road
Poole
BH12 5AG
Three Legged Transport Limited
Statement of financial position
as at 31 August 2024
Tangible assets
360,550
340,736
Cash at bank and in hand
125,280
108,835
Creditors: amounts falling due within one year
(406,603)
(326,167)
Net current assets
86,754
103,325
Total assets less current liabilities
447,304
444,061
Creditors: amounts falling due after more than one year
(129,977)
(115,819)
Net assets
317,327
328,242
Called up share capital
1,000
1,000
Profit and loss account
316,327
327,242
Shareholders' funds
317,327
328,242
For the year ending 31 August 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 April 2025 and were signed on its behalf by
R J D McGowan
Director
Company Registration No. 09622365
Three Legged Transport Limited
Notes to the Accounts
for the year ended 31 August 2024
Three Legged Transport Limited is a private company, limited by shares, registered in England and Wales, registration number 09622365. The registered office is 79 Condor Close , Woolsbridge Industrial Estate , Three Legged Cross, Dorset, BH21 6SU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant and machinery - 20% straight line
Furniture, fittings and equipment - 20% straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees under which the company pays contributions to a separate entity. Contributions payable are recognised in the profit and loss account when due.
Three Legged Transport Limited
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 September 2023
591,803
1,311
593,114
Additions
131,750
23,477
155,227
Disposals
(122,898)
-
(122,898)
At 31 August 2024
600,655
24,788
625,443
At 1 September 2023
251,567
811
252,378
Charge for the year
91,091
1,690
92,781
Surplus on revaluation
(10,375)
-
(10,375)
On disposals
(69,891)
-
(69,891)
At 31 August 2024
262,392
2,501
264,893
At 31 August 2024
338,263
22,287
360,550
At 31 August 2023
340,236
500
340,736
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
235,419
255,691
Amounts falling due within one year
Trade debtors
117,326
125,902
Amounts due from group undertakings etc.
160,355
116,155
Accrued income and prepayments
12,771
76,975
Other debtors
77,625
1,625
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
5,555
5,555
Obligations under finance leases and hire purchase contracts
80,023
84,117
Trade creditors
122,415
128,207
Taxes and social security
86,418
96,935
Other creditors
61,319
2,777
Loans from directors
35,000
-
Three Legged Transport Limited
Notes to the Accounts
for the year ended 31 August 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
103,588
83,874
Amounts due to Lloyds Bank Commercial Finance Limited are secured by fixed and floating charges over the assets and undertaking of the company
8
Transactions with related parties
At the balance sheet date the company was owed £160,355 (2023 - £116,155) by Poole Bay Warehousing Limited, an associated company on interest free loans repayable on demand.
9
Average number of employees
During the year the average number of employees was 20 (2023: 20).