Arron Transport Limited - Filleted accounts

Registered number

05536088

Arron Transport Limited

Filleted Accounts

31 August 2024

Arron Transport Limited
Registered number:		05536088
Balance Sheet
as at 31 August 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		9,958			13,339

Current assets
Debtors	4	11,819			11,077
Cash at bank and in hand		7,717			980
		19,536			12,057

Creditors: amounts falling due within one year	5	(15,428)			(10,166)

Net current assets			4,108			1,891

Total assets less current liabilities			14,066			15,230

Creditors: amounts falling due after more than one year	6		(5,396)			(8,017)

Provisions for liabilities			(1,892)			(2,534)


Net assets			6,778			4,679

Capital and reserves
Called up share capital			2			2
Profit and loss account			6,776			4,677

Shareholders' funds			6,778			4,679

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Arun Menghra
Director
Approved by the board on 8 May 2025

Arron Transport Limited
Notes to the Accounts
for the year ended 31 August 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor Vehicles	25% reducing balance
	Plant and machinery	25% reducing balance
	Fixtures, fittings, tools and equipment	25% reducing balance

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 September 2023	349		24,175		24,524
	At 31 August 2024	349		24,175		24,524

	Depreciation
	At 1 September 2023	287		10,898		11,185
	Charge for the year	62		3,319		3,381
	At 31 August 2024	349		14,217		14,566

	Net book value
	At 31 August 2024	-		9,958		9,958
	At 31 August 2023	62		13,277		13,339


4	Debtors			2024		2023
£					£

	Trade debtors			11,686		11,027
	Other debtors			133		50
				11,819		11,077


5	Creditors: amounts falling due within one year			2024		2023
£					£

	Taxation and social security costs			10,855		4,586
	Other creditors			4,573		5,580
				15,428		10,166


6	Creditors: amounts falling due after one year			2024		2023
£					£

	Bank loans			5,396		8,017


7	Other information

	Arron Transport Limited is a private company limited by shares and incorporated in England. Its registered office is:
	17 Lowlands Avenue
	Wolverhampton
	WV6 9PA