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Company registration number: 07316854
Roberts Transport (Sussex) Limited
Unaudited filleted financial statements
31 March 2025
Roberts Transport (Sussex) Limited
Contents
Statement of financial position
Notes to the financial statements
Roberts Transport (Sussex) Limited
Statement of financial position
31 March 2025
31/03/25 31/03/24
Note £ £ £ £
Fixed assets
Intangible assets 5 - -
Tangible assets 6 496,880 352,278
_______ _______
496,880 352,278
Current assets
Debtors 7 1,379,247 1,192,722
Cash at bank and in hand 85,349 46,586
_______ _______
1,464,596 1,239,308
Creditors: amounts falling due
within one year 8 ( 1,791,292) ( 1,740,681)
_______ _______
Net current liabilities ( 326,696) ( 501,373)
_______ _______
Total assets less current liabilities 170,184 ( 149,095)
Creditors: amounts falling due
after more than one year 9 ( 485,735) ( 214,264)
_______ _______
Net liabilities ( 315,551) ( 363,359)
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account ( 315,553) ( 363,361)
_______ _______
Shareholder deficit ( 315,551) ( 363,359)
_______ _______
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 22 May 2025 , and are signed on behalf of the board by:
Mr D Roberts
Director
Company registration number: 07316854
Roberts Transport (Sussex) Limited
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Brooklands House, 58 Marlborough Road, Lancing, West Sussex, BN15 8AF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
At 31 March 2025 the company had excess liabilities over assets totalling £315,551. The company is dependent upon the continued financial support of the director and creditors and on the basis that this support is forthcoming, the director considers it appropriate for the financial statements to be prepared on the going concern basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill - 10 % straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Short leasehold property - 20 % straight line
Plant and machinery - 20 % straight line
Fittings fixtures and equipment - 20 % straight line
Motor vehicles - 25 % straight line & reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 51 (2024: 49 ).
5. Intangible assets
Goodwill Total
£ £
Cost
At 1 April 2024 and 31 March 2025 20,000 20,000
_______ _______
Amortisation
At 1 April 2024 and 31 March 2025 20,000 20,000
_______ _______
Carrying amount
At 31 March 2025 - -
_______ _______
At 31 March 2024 - -
_______ _______
6. Tangible assets
Short leasehold property Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £ £
Cost
At 1 April 2024 1,450 16,321 36,093 1,027,573 1,081,437
Additions 11,987 - 4,500 398,316 414,803
Disposals - - - ( 28,995) ( 28,995)
_______ _______ _______ _______ _______
At 31 March 2025 13,437 16,321 40,593 1,396,894 1,467,245
_______ _______ _______ _______ _______
Depreciation
At 1 April 2024 1,450 11,797 27,722 688,190 729,159
Charge for the year 200 1,641 4,321 251,958 258,120
Disposals - - - ( 16,914) ( 16,914)
_______ _______ _______ _______ _______
At 31 March 2025 1,650 13,438 32,043 923,234 970,365
_______ _______ _______ _______ _______
Carrying amount
At 31 March 2025 11,787 2,883 8,550 473,660 496,880
_______ _______ _______ _______ _______
At 31 March 2024 - 4,524 8,371 339,383 352,278
_______ _______ _______ _______ _______
7. Debtors
31/03/25 31/03/24
£ £
Trade debtors 1,073,403 957,201
Other debtors 305,844 235,521
_______ _______
1,379,247 1,192,722
_______ _______
8. Creditors: amounts falling due within one year
31/03/25 31/03/24
£ £
Bank loans and overdrafts 53,330 10,000
Trade creditors 427,145 388,512
Corporation tax 21,493 22,994
Social security and other taxes 500,089 555,558
Other creditors 789,235 763,617
_______ _______
1,791,292 1,740,681
_______ _______
Included in other creditors above are amounts totalling £462,455 (2024 - £452,733) which are secured by a fixed and floating charge over the whole of the company's assets.
Included in other creditors above are amounts owed under hire purchase agreements totalling £234,401 (2024 - £176,333) which are secured on the assets to which the agreements relate.
9. Creditors: amounts falling due after more than one year
31/03/25 31/03/24
£ £
Bank loans and overdrafts 182,023 -
Other creditors 303,712 214,264
_______ _______
485,735 214,264
_______ _______
Included in other creditors above are amounts owed under hire purchase agreements totalling £301, 561 (2024 - £202,392) which are secured on the assets to which the agreements relate.
10. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
Year ended 31/03/25
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr D Roberts 78,005 63,684 141,689
_______ _______ _______
Period ended 31/03/24
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mr D Roberts 9,874 68,131 78,005
_______ _______ _______
The loan is provided on an interest free basis and is repayable on demand.
11. Controlling party
The company is under the control of Mr D Roberts .