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REGISTERED NUMBER: 05861716 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

GRAHAM POOLE ROAD TRANSPORT LIMITED

GRAHAM POOLE ROAD TRANSPORT LIMITED (REGISTERED NUMBER: 05861716)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


GRAHAM POOLE ROAD TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: G Poole
Mrs A Poole
Miss R Poole
W Pilkington





SECRETARY: G Poole





REGISTERED OFFICE: Gaps House
The Klondike
Chichester Street
Rochdale
Lancashire
OL16 2AU





REGISTERED NUMBER: 05861716 (England and Wales)





ACCOUNTANTS: Wyatt Morris Golland Ltd
Park House
200 Drake Street
Rochdale
Lancashire
OL16 1PJ

GRAHAM POOLE ROAD TRANSPORT LIMITED (REGISTERED NUMBER: 05861716)

ABRIDGED BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,062,544 1,484,524
1,062,544 1,484,524

CURRENT ASSETS
Stocks 23,247 4,499
Debtors 918,902 786,372
Cash at bank and in hand 31,236 98,811
973,385 889,682
CREDITORS
Amounts falling due within one year 1,398,711 1,416,813
NET CURRENT LIABILITIES (425,326 ) (527,131 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

637,218

957,393

CREDITORS
Amounts falling due after more than one year 520,853 701,080
NET ASSETS 116,365 256,313

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 116,265 256,213
SHAREHOLDERS' FUNDS 116,365 256,313

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.

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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 20 March 2025 and were signed on its behalf by:



G Poole - Director


GRAHAM POOLE ROAD TRANSPORT LIMITED (REGISTERED NUMBER: 05861716)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Graham Poole Road 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.

Turnover
Turnover represents the net invoiced sales of services, excluding value added tax.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to leased premises - 25% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% 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.

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

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 52 (2023 - 60 ) .

GRAHAM POOLE ROAD TRANSPORT LIMITED (REGISTERED NUMBER: 05861716)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023
and 31 August 2024 17,000
AMORTISATION
At 1 September 2023
and 31 August 2024 17,000
NET BOOK VALUE

At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023 2,828,600
Additions 14,945
Disposals (123,664 )
At 31 August 2024 2,719,881
DEPRECIATION
At 1 September 2023 1,344,076
Charge for year 349,310
Eliminated on disposal (36,049 )
At 31 August 2024 1,657,337
NET BOOK VALUE
At 31 August 2024 1,062,544
At 31 August 2023 1,484,524

GRAHAM POOLE ROAD TRANSPORT LIMITED (REGISTERED NUMBER: 05861716)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 September 2023 1,529,490
Disposals (123,664 )
Transfer to ownership (206,750 )
At 31 August 2024 1,199,076
DEPRECIATION
At 1 September 2023 327,439
Charge for year 251,983
Eliminated on disposal (36,049 )
Transfer to ownership (100,244 )
At 31 August 2024 443,129
NET BOOK VALUE
At 31 August 2024 755,947
At 31 August 2023 1,202,051

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 634,586 1,043,024
Factoring creditor 370,129 369,705
1,004,715 1,412,729

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G Poole.