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REGISTERED NUMBER: 09640151 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Straightforward Transport Limited

Straightforward Transport Limited (Registered number: 09640151)






Contents of the Financial Statements
for the year ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Straightforward Transport Limited

Company Information
for the year ended 30 November 2024







DIRECTORS: L Grayson
Mrs L V Grayson





REGISTERED OFFICE: 15 Thetford Drive
Leyland
Lancashire
PR25 5PG





REGISTERED NUMBER: 09640151 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
13a Duke Street
Southport
Merseyside
PR8 1LS

Straightforward Transport Limited (Registered number: 09640151)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £ £
FIXED ASSETS
Tangible assets 4 6,421 7,120

CURRENT ASSETS
Debtors 5 575,707 289,974
Cash at bank 114,888 251,004
690,595 540,978
CREDITORS
Amounts falling due within one year 6 (236,336 ) (234,490 )
NET CURRENT ASSETS 454,259 306,488
TOTAL ASSETS LESS CURRENT
LIABILITIES

460,680

313,608

PROVISIONS FOR LIABILITIES 7 (1,605 ) (1,780 )
NET ASSETS 459,075 311,828

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 458,975 311,728
SHAREHOLDERS' FUNDS 459,075 311,828

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 Income Statement has not been delivered.

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





L Grayson - Director


Straightforward Transport Limited (Registered number: 09640151)

Notes to the Financial Statements
for the year ended 30 November 2024

1. STATUTORY INFORMATION

Straightforward Transport Limited 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 - 20% on cost

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

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 2 (2023 - 2 ) .

Straightforward Transport Limited (Registered number: 09640151)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 December 2023 11,637
Additions 1,634
At 30 November 2024 13,271
DEPRECIATION
At 1 December 2023 4,517
Charge for year 2,333
At 30 November 2024 6,850
NET BOOK VALUE
At 30 November 2024 6,421
At 30 November 2023 7,120

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£ £
Trade debtors 215,691 207,811
Other debtors 360,016 82,163
575,707 289,974

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£ £
Trade creditors 124,727 140,827
Taxation and social security 111,009 91,863
Other creditors 600 1,800
236,336 234,490

7. PROVISIONS FOR LIABILITIES
30.11.24 30.11.23
£ £
Deferred tax 1,605 1,780

Deferred tax
£
Balance at 1 December 2023 1,780
Accelerated capital allowances (175 )
Balance at 30 November 2024 1,605

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £ £
100 Ordinary £1 100 100

Straightforward Transport Limited (Registered number: 09640151)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

30.11.24 30.11.23
£ £
L Grayson and Mrs L V Grayson
Balance outstanding at start of year 78,768 (403 )
Amounts advanced 450,490 259,641
Amounts repaid (173,270 ) (180,470 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 355,988 78,768

The above balance was partially repaid within 9 months of the year-end and interest has been charged at HMRC approved rates on overdrawn balances during the year.