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REGISTERED NUMBER: 07002846 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 August 2024

for

1st Class Transport (UK) Ltd

1st Class Transport (UK) Ltd (Registered number: 07002846)






Contents of the Financial Statements
for the Year Ended 29 August 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


1st Class Transport (UK) Ltd

Company Information
for the Year Ended 29 August 2024







DIRECTOR: M K Ahmed





REGISTERED OFFICE: 72 Princess Street
Sheffield
S4 7UW





REGISTERED NUMBER: 07002846 (England and Wales)





ACCOUNTANTS: DWilkinson&Company
Bank House
27 King Street
Leeds
West Yorkshire
LS1 2HL

1st Class Transport (UK) Ltd (Registered number: 07002846)

Balance Sheet
29 August 2024

29.8.24 29.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 419,783 143,425

CURRENT ASSETS
Debtors 5 2,622,376 2,277,430
Cash at bank 377,647 451,897
3,000,023 2,729,327
CREDITORS
Amounts falling due within one year 6 2,214,390 1,927,016
NET CURRENT ASSETS 785,633 802,311
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,205,416

945,736

CREDITORS
Amounts falling due after more than
one year

7

(424,149

)

(21,087

)

PROVISIONS FOR LIABILITIES 8 (55,010 ) (922 )
NET ASSETS 726,257 923,727

1st Class Transport (UK) Ltd (Registered number: 07002846)

Balance Sheet - continued
29 August 2024

29.8.24 29.8.23
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 726,157 923,627
SHAREHOLDERS' FUNDS 726,257 923,727

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 May 2025 and were signed by:





M K Ahmed - Director


1st Class Transport (UK) Ltd (Registered number: 07002846)

Notes to the Financial Statements
for the Year Ended 29 August 2024

1. STATUTORY INFORMATION

1st Class Transport (UK) 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.

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 etc - 20% on reducing balance and 5% on reducing balance

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.

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.

1st Class Transport (UK) Ltd (Registered number: 07002846)

Notes to the Financial Statements - continued
for the Year Ended 29 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 August 2023 1,589,024
Additions 454,329
Disposals (43,400 )
At 29 August 2024 1,999,953
DEPRECIATION
At 30 August 2023 1,445,599
Charge for year 171,144
Eliminated on disposal (36,573 )
At 29 August 2024 1,580,170
NET BOOK VALUE
At 29 August 2024 419,783
At 29 August 2023 143,425

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.8.24 29.8.23
£    £   
Trade debtors 1,082,776 845,513
Other debtors 1,539,600 1,431,917
2,622,376 2,277,430

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.8.24 29.8.23
£    £   
Hire purchase contracts 85,309 2,722
Trade creditors 486,459 825,916
Other creditors 1,642,622 1,098,378
2,214,390 1,927,016

1st Class Transport (UK) Ltd (Registered number: 07002846)

Notes to the Financial Statements - continued
for the Year Ended 29 August 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.8.24 29.8.23
£    £   
Hire purchase contracts 424,149 21,087

8. PROVISIONS FOR LIABILITIES
29.8.24 29.8.23
£    £   
Deferred tax 55,010 922

Deferred
tax
£   
Balance at 30 August 2023 922
Accelerated capital allowances 54,088
Balance at 29 August 2024 55,010

The movement on the deferred tax provision is wholly attributable to accelerated capital allowances.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.8.24 29.8.23
value: £    £   
100 Ordinary 1 100 100