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Registered number: 08220251
Gaskell Transport Midlands Ltd
ABRIDGED Financial Statements
For The Year Ended 31 August 2024
Nicholson Tax & Accounts
8 Chapel Street
Belper
DE56 1AR
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 08220251
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 158,201 78,799
158,201 78,799
CURRENT ASSETS
Debtors 112,513 115,975
Cash at bank and in hand 21,373 35,320
133,886 151,295
Creditors: Amounts Falling Due Within One Year (145,491 ) (140,868 )
NET CURRENT ASSETS (LIABILITIES) (11,605 ) 10,427
TOTAL ASSETS LESS CURRENT LIABILITIES 146,596 89,226
Creditors: Amounts Falling Due After More Than One Year (75,759 ) (15,626 )
NET ASSETS 70,837 73,600
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account 70,836 73,599
SHAREHOLDERS' FUNDS 70,837 73,600
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For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 August 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Leslie Gaskell
Director
27th May 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Gaskell Transport Midlands Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08220251 . The registered office is 59 Hall Street, Church Gresley, Swadlincote, Derbyshire, DE11 9QU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 20% on reducing balance
Computer Equipment 33% on cost
2.4. Leasing and Hire Purchase Contracts
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.
2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 4)
6 4
4. Tangible Assets
Total
£
Cost
As at 1 September 2023 138,647
Additions 145,647
Disposals (22,750 )
As at 31 August 2024 261,544
Depreciation
As at 1 September 2023 59,848
Provided during the period 52,643
Disposals (9,148 )
As at 31 August 2024 103,343
Net Book Value
As at 31 August 2024 158,201
As at 1 September 2023 78,799
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 103,078 -
5. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 33,461 5,796
Later than one year and not later than five years 96,001 14,191
129,462 19,987
Less: Finance charges allocated to future periods 31,332 4,991
98,130 14,996
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6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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