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REGISTERED NUMBER: 03977326 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Robinsons Transport Ltd

Robinsons Transport Ltd (Registered number: 03977326)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


Robinsons Transport Ltd (Registered number: 03977326)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £ £
Fixed assets
Tangible assets 4 490,229 313,972

Current assets
Stocks 26,000 26,000
Debtors 5 1,265,952 1,410,794
Cash at bank 55,501 129,579
1,347,453 1,566,373
Creditors
Amounts falling due within one year 6 (564,497 ) (850,469 )
Net current assets 782,956 715,904
Total assets less current liabilities 1,273,185 1,029,876

Creditors
Amounts falling due after more than one
year

7

(242,426

)

(131,274

)

Provisions for liabilities (115,579 ) (77,543 )
Net assets 915,180 821,059

Capital and reserves
Called up share capital 1,000 1,000
Retained earnings 914,180 820,059
915,180 821,059

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Robinsons Transport Ltd (Registered number: 03977326)

Balance Sheet - continued
30 September 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 27 May 2025 and were signed on its behalf by:





Mr C H Robinson - Director


Robinsons Transport Ltd (Registered number: 03977326)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. Statement of compliance

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.

2. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention. Historical cost is generally based on the fair value of the consideration given in exchange for goods and services.

The presentation currency of the financial statements is the Pound Sterling (£).

The principal accounting policies adopted are set out below. All accounting policies have been applied consistently, other than where new policies have been adopted.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements in conformity with FRS 102 requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(i) Useful economic lives of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancements, future investments, economic utilisation and the physical condition of the assets. See notes to the accounts for the carrying amount of tangible assets and the useful economic lives for each class of assets.

(ii) Taxation

The company establishes provisions based on reasonable estimates, for possible consequences of audits by the tax authorities. The amount of such provisions is based on various factors, such as experience with the previous tax audits and differing interpretations of tax regulations by the taxable entity and the responsible tax authority.

Turnover
Turnover is measured at the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is stated net of discounts, rebates, Value Added Tax and other sales taxes. The following criteria must also be met before turnover from a sale can be recognised:

Turnover from the provision of freight transportation services is recognised when the service has been completed according to the job requirement, whereby at this point, the turnover can be measured reliably, it is probable that economic benefits will flow to the entity and the costs in respect of the transaction can be measured reliably.

Robinsons Transport Ltd (Registered number: 03977326)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


2. Accounting policies - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 20 years straight line basis
Plant and machinery - 10% p.a. reducing balance and Straight line over 25 years
Fixtures and fittings - 10% p.a. reducing balance
Motor vehicles - 20% - 25% on reducing balance

Tangible assets are initially recorded at cost, and 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.

Impairment of fixed assets
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.

For the purposes of impairment testing, 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 group of assets.

Stocks
Stocks are measured at the lower of cost and net realisable value. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the profit or loss.

Robinsons Transport Ltd (Registered number: 03977326)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


2. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity 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.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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.


Robinsons Transport Ltd (Registered number: 03977326)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the 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.

Cash and cash equivalents
Cash and cash equivalents includes cash on hand, deposits held at call with banks, and other short term highly liquid investments with origan maturities of three months or less.

3. Employees and directors

The average number of employees during the year was 17 (2023 - 13 ) .

Robinsons Transport Ltd (Registered number: 03977326)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


4. Tangible fixed assets
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£ £ £ £ £
Cost
At 1 October 2023 133,480 121,502 48,107 452,765 755,854
Additions 27,192 - 6,110 266,581 299,883
Disposals (8,247 ) (73,113 ) (48,107 ) (197,499 ) (326,966 )
At 30 September 2024 152,425 48,389 6,110 521,847 728,771
Depreciation
At 1 October 2023 129,679 50,073 39,503 222,627 441,882
Charge for year 1,513 2,176 134 77,527 81,350
Eliminated on disposal (6,592 ) (49,664 ) (39,503 ) (188,931 ) (284,690 )
At 30 September 2024 124,600 2,585 134 111,223 238,542
Net book value
At 30 September 2024 27,825 45,804 5,976 410,624 490,229
At 30 September 2023 3,801 71,429 8,604 230,138 313,972

5. Debtors: amounts falling due within one year
30.9.24 30.9.23
£ £
Trade debtors 346,808 530,204
Amounts owed by group undertakings 583,567 404,397
Other debtors 335,577 476,193
1,265,952 1,410,794

6. Creditors: amounts falling due within one year
30.9.24 30.9.23
£ £
Bank loans and overdrafts (see note 8) 10,000 10,573
Hire purchase contracts 87,987 40,637
Trade creditors 197,704 320,297
Taxation and social security 74,884 78,444
Other creditors 193,922 400,518
564,497 850,469

Robinsons Transport Ltd (Registered number: 03977326)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


7. Creditors: amounts falling due after more than one year
30.9.24 30.9.23
£ £
Bank loans (see note 8) 7,500 16,927
Hire purchase contracts 234,926 114,347
242,426 131,274

8. Loans

The loan within creditors is secured by way of a fixed and floating charge over all properties and undertakings of the company.

Amounts outstanding as at the balance sheet date total £17,500 (2023 - £27,500).

9. Secured debts

The following secured debts are included within creditors:

30.9.24 30.9.23
£ £
Hire purchase contracts 322,913 154,984

Assets acquired under hire purchase agreements remain the property of the finance company until the agreement is complete.

10. Related party disclosures

The company has taken advantage of the exemption provided in FRS 102 Section 1A from disclosing transactions with members of the group that are wholly owned.

No transactions were undertaken with the directors or related parties such as are required to be disclosed under the Financial Reporting Standard 102, Section 1A.