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REGISTERED NUMBER: 11479139 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Fryers Transport Ltd

Fryers Transport Ltd (Registered number: 11479139)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Fryers Transport Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: R J Fryer
Mrs E Fryer





REGISTERED OFFICE: Basepoint Business Centre
70-72 The Havens
Ipswich
Suffolk
IP3 9BF





REGISTERED NUMBER: 11479139 (England and Wales)





ACCOUNTANTS: Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ

Fryers Transport Ltd (Registered number: 11479139)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,528,696 1,065,833
Investments 5 346 346
1,529,042 1,066,179

CURRENT ASSETS
Stocks - 485
Debtors 6 980,244 817,554
Cash at bank and in hand 776,031 684,974
1,756,275 1,503,013
CREDITORS
Amounts falling due within one year 7 949,486 731,688
NET CURRENT ASSETS 806,789 771,325
TOTAL ASSETS LESS CURRENT LIABILITIES 2,335,831 1,837,504

CREDITORS
Amounts falling due after more than one
year

8

(823,652

)

(496,944

)

PROVISIONS FOR LIABILITIES (290,453 ) (266,459 )
NET ASSETS 1,221,726 1,074,101

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 1,221,724 1,074,099
SHAREHOLDERS' FUNDS 1,221,726 1,074,101

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 directors acknowledge their 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.

Fryers Transport Ltd (Registered number: 11479139)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2025 and were signed on its behalf by:




R J Fryer - Director



Mrs E Fryer - Director


Fryers Transport Ltd (Registered number: 11479139)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Fryers Transport Ltd 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.

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.
Plant and machinery - 5 years straight line and 2 years straight line
Fixtures and fittings - 5 years straight line
Motor vehicles - 15% on cost
Computer equipment - 2 years straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Fryers Transport Ltd (Registered number: 11479139)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 27 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 5,316 9,206 1,444,849 24,869 1,484,240
Additions 477 7,850 834,203 - 842,530
Disposals - - (347,153 ) - (347,153 )
At 31 July 2024 5,793 17,056 1,931,899 24,869 1,979,617
DEPRECIATION
At 1 August 2023 4,113 5,994 387,150 21,150 418,407
Charge for year 983 1,989 231,812 2,535 237,319
Eliminated on disposal - - (204,805 ) - (204,805 )
At 31 July 2024 5,096 7,983 414,157 23,685 450,921
NET BOOK VALUE
At 31 July 2024 697 9,073 1,517,742 1,184 1,528,696
At 31 July 2023 1,203 3,212 1,057,699 3,719 1,065,833

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Other investments 346 346

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 907,420 754,991
Other debtors 72,824 62,563
980,244 817,554

Fryers Transport Ltd (Registered number: 11479139)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 411,689 313,643
Trade creditors 342,184 143,382
Taxation and social security 74,093 67,801
Other creditors 121,520 206,862
949,486 731,688

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 823,652 496,944

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 411,689 313,643
Between one and five years 823,652 496,944
1,235,341 810,587

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 1,235,341 810,587

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2