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REGISTERED NUMBER: 04276708 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 August 2024

for

BBA Shipping & Transport Limited

BBA Shipping & Transport Limited (Registered number: 04276708)






Contents of the Financial Statements
For The Year Ended 31 August 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


BBA Shipping & Transport Limited

Company Information
For The Year Ended 31 August 2024







Directors: K M Needham
Ms S K Goldsmith
Ms S E Read





Registered office: Queensbury Mews
High Street
Newmarket
CB89AE





Registered number: 04276708 (England and Wales)





Accountants: SMD Accounts LLP
Chartered Certified Accountants
The Vineyards
Knox Lane, Bardwell
Bury St Edmunds
Suffolk
IP31 1AX

BBA Shipping & Transport Limited (Registered number: 04276708)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
Fixed assets
Intangible assets 4 65,592 76,837
Tangible assets 5 849,437 641,273
Investments 6 15,100 15,100
930,129 733,210

Current assets
Stocks 154,072 108,771
Debtors 7 1,152,557 1,042,108
Cash at bank and in hand 1,236,850 924,220
2,543,479 2,075,099
Creditors
Amounts falling due within one year 8 1,224,080 1,021,400
Net current assets 1,319,399 1,053,699
Total assets less current liabilities 2,249,528 1,786,909

Creditors
Amounts falling due after more than one
year

9

(186,186

)

(173,259

)

Provisions for liabilities 11 (177,235 ) (144,202 )
Net assets 1,886,107 1,469,448

Capital and reserves
Called up share capital 12 90 90
Retained earnings 1,886,017 1,469,358
Shareholders' funds 1,886,107 1,469,448

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

BBA Shipping & Transport Limited (Registered number: 04276708)

Balance Sheet - continued
31 August 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 16 May 2025 and were signed on its behalf by:





K M Needham - Director


BBA Shipping & Transport Limited (Registered number: 04276708)

Notes to the Financial Statements
For The Year Ended 31 August 2024

1. Statutory information

BBA Shipping & 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.

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.

Going concern
The directors have reviewed the financial situation of the company and feel it is appropriate to prepare the financial statements on the going concern basis. The directors believe there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Revenue from the provision of services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 20% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value.

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.


BBA Shipping & Transport Limited (Registered number: 04276708)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024

2. Accounting policies - continued
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
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term.

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 20 (2023 - 16 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 September 2023
and 31 August 2024 112,446
Amortisation
At 1 September 2023 35,609
Charge for year 11,245
At 31 August 2024 46,854
Net book value
At 31 August 2024 65,592
At 31 August 2023 76,837

BBA Shipping & Transport Limited (Registered number: 04276708)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024

5. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 September 2023 38,690 1,354,916 1,393,606
Additions 62,642 291,016 353,658
At 31 August 2024 101,332 1,645,932 1,747,264
Depreciation
At 1 September 2023 9,739 742,594 752,333
Charge for year 3,869 141,625 145,494
At 31 August 2024 13,608 884,219 897,827
Net book value
At 31 August 2024 87,724 761,713 849,437
At 31 August 2023 28,951 612,322 641,273

6. Fixed asset investments
Interest
in
associate
£   
Cost
At 1 September 2023
and 31 August 2024 15,100
Net book value
At 31 August 2024 15,100
At 31 August 2023 15,100

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 944,572 939,830
Other debtors 207,985 102,278
1,152,557 1,042,108

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts - 10,000
Trade creditors 446,029 501,265
Taxation and social security 199,584 179,905
Other creditors 578,467 330,230
1,224,080 1,021,400

Finance lease obligations of £101,941 (2023: £113,542), which are included in other creditors, are secured on the underlying assets.

9. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Other creditors 186,186 173,259

BBA Shipping & Transport Limited (Registered number: 04276708)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024

9. Creditors: amounts falling due after more than one year - continued

Finance lease obligations of £186,186 (2023: £154,925) are secured on the underlying assets.

10. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 59,105 62,580
Between one and five years 76,640 121,495
135,745 184,075

11. Provisions for liabilities
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 177,680 144,637
Other timing differences (445 ) (435 )
177,235 144,202

Deferred
tax
£   
Balance at 1 September 2023 144,202
Charge to Statement of income and retained earnings during year 33,033
Balance at 31 August 2024 177,235

12. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
90 Ordinary £1 90 90

13. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
K M Needham
Balance outstanding at start of year 9,688 -
Amounts advanced - 9,688
Amounts repaid (9,688 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 9,688