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REGISTERED NUMBER: OC378816 (England and Wales)












Report of the Members and

Unaudited Financial Statements

for the Period 1 December 2022 to 31 March 2024

for

C.T. Transport (Castleford) Partnership
LLP

C.T. Transport (Castleford) Partnership
LLP (Registered number: OC378816)






Contents of the Financial Statements
for the period 1 December 2022 to 31 March 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Reconciliation of Members' Interests 6

Notes to the Financial Statements 7


C.T. Transport (Castleford) Partnership
LLP

General Information
for the period 1 December 2022 to 31 March 2024







DESIGNATED MEMBERS: A Cuttle
Mrs B Cuttle





REGISTERED OFFICE: 18 Maple Drive
Pontefract
WF8 3QR





REGISTERED NUMBER: OC378816 (England and Wales)





ACCOUNTANTS: Beaumonts Partnership Limited
8 Navigation Court
Calder Park
Wakefield
West Yorkshire
WF2 7BJ

C.T. Transport (Castleford) Partnership
LLP (Registered number: OC378816)

Report of the Members
for the period 1 December 2022 to 31 March 2024

The members present their report with the financial statements of the LLP for the period 1 December 2022 to 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the period under review was that of road haulage contractors, warehousing and storage.

DESIGNATED MEMBERS
The designated members during the period under review were:

A Cuttle
Mrs B Cuttle

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS
The profit for the period before members' remuneration and profit shares was £321,735 (2022 - £109,660 profit).

MEMBERS' INTERESTS
The profits of the Limited Liability Partnership shall be payable to the members in proportions as per the members' agreement.

Members are permitted to make drawings in anticipation of profits which will be allocated to them. The amount of such drawings is set to take into account working capital and other needs of the business.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to small LLPs.

ON BEHALF OF THE MEMBERS:





A Cuttle - Designated member


25 March 2025

C.T. Transport (Castleford) Partnership
LLP (Registered number: OC378816)

Income Statement
for the period 1 December 2022 to 31 March 2024

Period
1.12.22
to Year Ended
31.3.24 30.11.22
Notes £    £   

TURNOVER 2,709,254 2,084,071

Cost of sales 1,088,030 957,338
GROSS PROFIT 1,621,224 1,126,733

Administrative expenses 1,348,106 1,017,635
OPERATING PROFIT 273,118 109,098

Interest receivable and similar income 48,617 562
PROFIT FOR THE FINANCIAL PERIOD
BEFORE MEMBERS' REMUNERATION AND
PROFIT SHARES


321,735


109,660

PROFIT FOR THE FINANCIAL PERIOD
BEFORE MEMBERS' REMUNERATION AND
PROFIT SHARES


321,735


109,660

Members' remuneration charged as an
expense

4

(280,752

)

(70,820

)
PROFIT FOR THE FINANCIAL PERIOD
AVAILABLE FOR DISCRETIONARY DIVISION
AMONG MEMBERS


40,983


38,840

C.T. Transport (Castleford) Partnership
LLP (Registered number: OC378816)

Balance Sheet
31 March 2024

31.3.24 30.11.22
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 261,347 242,066

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 6 1,531,112 1,115,549
Cash at bank 3,167,200 3,048,710
4,701,312 4,167,259
CREDITORS
Amounts falling due within one year 7 3,891,954 3,319,784
NET CURRENT ASSETS 809,358 847,475
TOTAL ASSETS LESS CURRENT LIABILITIES
and
NET ASSETS ATTRIBUTABLE TO MEMBERS 1,070,705 1,089,541

LOANS AND OTHER DEBTS DUE TO
MEMBERS

8

111,385

130,221

MEMBERS' OTHER INTERESTS
Capital accounts 959,320 959,320
1,070,705 1,089,541

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 8 111,385 130,221
Members' other interests 959,320 959,320
Amounts due from members 6 (785,505 ) (210,197 )
285,200 879,344

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

C.T. Transport (Castleford) Partnership
LLP (Registered number: OC378816)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 25 March 2025 and were signed by:





A Cuttle - Designated member

C.T. Transport (Castleford) Partnership
LLP (Registered number: OC378816)

Reconciliation of Members' Interests
for the period 1 December 2022 to 31 March 2024


Also included in other debtors is an amount of £40,137 due from the members (2022 - £40,137).

C.T. Transport (Castleford) Partnership
LLP (Registered number: OC378816)

Notes to the Financial Statements - continued
for the period 1 December 2022 to 31 March 2024

1. STATUTORY INFORMATION

C.T. Transport (Castleford) Partnership LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General Information page.

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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of road haulage, warehousing and storage excluding value added tax.

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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance

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

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those assets 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 the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 12 (2022 - 13 ) .

4. INFORMATION IN RELATION TO MEMBERS
Period
1.12.22
to Year Ended
31.3.24 30.11.22
£    £   
Members' remuneration charged as an expense
Fixed profit share 280,752 70,820

C.T. Transport (Castleford) Partnership
LLP (Registered number: OC378816)

Notes to the Financial Statements - continued
for the period 1 December 2022 to 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 95,844 1,197 582,861 417 680,319
Additions 45,285 4,084 46,728 701 96,798
At 31 March 2024 141,129 5,281 629,589 1,118 777,117
DEPRECIATION
At 1 December 2022 69,020 636 368,325 272 438,253
Charge for period 18,376 618 58,282 241 77,517
At 31 March 2024 87,396 1,254 426,607 513 515,770
NET BOOK VALUE
At 31 March 2024 53,733 4,027 202,982 605 261,347
At 30 November 2022 26,824 561 214,536 145 242,066

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.11.22
£    £   
Trade debtors 444,611 600,827
Other debtors 1,086,501 514,722
1,531,112 1,115,549

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.11.22
£    £   
Trade creditors 31,016 7,777
Taxation and social security 106,118 85,342
Other creditors 3,754,820 3,226,665
3,891,954 3,319,784

8. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members' (other than members' capital classified as debt) rank first in relation to other creditors.

9. FINANCIAL COMMITMENTS

The total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £nil (2022 - £3,259).