2023-06-152024-06-302024-06-30false14939449VELMONT TRANSPORT 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VELMONT TRANSPORT LIMITED

Registered Number
14939449
(England and Wales)

Unaudited Financial Statements for the Period ended
30 June 2024

VELMONT TRANSPORT LIMITED
Company Information
for the period from 15 June 2023 to 30 June 2024

Director

BINNING, Mia Amy Kaur

Registered Address

8 Padstow Close
Padstow Close
Nuneaton
CV11 6FN

Registered Number

14939449 (England and Wales)
VELMONT TRANSPORT LIMITED
Balance Sheet as at
30 June 2024

Notes

2024

£

£

Fixed assets
Tangible assets3146,629
146,629
Current assets
Debtors107,931
Cash at bank and on hand4,460
112,391
Creditors amounts falling due within one year4(120,306)
Net current assets (liabilities)(7,915)
Total assets less current liabilities138,714
Creditors amounts falling due after one year5(136,946)
Net assets1,768
Capital and reserves
Called up share capital1
Profit and loss account1,767
Shareholders' funds1,768
The financial statements were approved and authorised for issue by the Director on 8 April 2025, and are signed on its behalf by:
BINNING, Mia Amy Kaur
Director
Registered Company No. 14939449
VELMONT TRANSPORT LIMITED
Notes to the Financial Statements
for the period ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Vehicles18
2.Average number of employees

2024
Average number of employees during the year7
3.Tangible fixed assets

Vehicles

Total

££
Cost or valuation
Additions156,667156,667
At 30 June 24156,667156,667
Depreciation and impairment
Charge for year10,03810,038
At 30 June 2410,03810,038
Net book value
At 30 June 24146,629146,629
At 14 June 23--
4.Creditors: amounts due within one year

2024

£
Trade creditors / trade payables46,966
Taxation and social security1,589
Other creditors71,751
Total120,306
5.Creditors: amounts due after one year

2024

£
Other creditors136,946
Total136,946
6.Obligations under finance leases

2024

£
Finance lease and HP contracts136,946