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REGISTERED NUMBER: 02827528 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30th September 2024

for

21st Century Transport Limited

21st Century Transport Limited (Registered number: 02827528)






Contents of the Financial Statements
for the year ended 30th September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


21st Century Transport Limited

Company Information
for the year ended 30th September 2024







DIRECTOR: A M Baker





SECRETARY: Mrs. K Baker





REGISTERED OFFICE: Little Weald Hall
Rayley Lane
North Weald
Essex
CM16 6AR





REGISTERED NUMBER: 02827528 (England and Wales)





ACCOUNTANTS: Apple Accounting Services Ltd
Chartered Management Accountants
12b Sun Street
Waltham Abbey
Essex
EN9 1EE

21st Century Transport Limited (Registered number: 02827528)

Balance Sheet
30th September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 91,604 82,921
Investment property 5 930,000 874,500
1,021,604 957,421

CURRENT ASSETS
Stocks 15,301 8,921
Debtors 6 199,328 237,368
Cash at bank and in hand 112,313 94,546
326,942 340,835
CREDITORS
Amounts falling due within one year 7 66,298 82,933
NET CURRENT ASSETS 260,644 257,902
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,282,248

1,215,323

CREDITORS
Amounts falling due after more than one year 8 (22,175 ) (1,950 )

PROVISIONS FOR LIABILITIES (193,676 ) (193,676 )
NET ASSETS 1,066,397 1,019,697

CAPITAL AND RESERVES
Called up share capital 177 187
Capital redemption reserve 43 33
Fair value reserve 10 649,002 593,502
Retained earnings 417,175 425,975
SHAREHOLDERS' FUNDS 1,066,397 1,019,697

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

21st Century Transport Limited (Registered number: 02827528)

Balance Sheet - continued
30th 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4th June 2025 and were signed by:





A M Baker - Director


21st Century Transport Limited (Registered number: 02827528)

Notes to the Financial Statements
for the year ended 30th September 2024

1. STATUTORY INFORMATION

21st Century 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Plant and machinery etc - 33.3% on reducing balance and 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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.

21st Century Transport Limited (Registered number: 02827528)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 7 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st October 2023 65,585 254,788 320,373
Additions - 54,350 54,350
Disposals - (45,465 ) (45,465 )
At 30th September 2024 65,585 263,673 329,258
DEPRECIATION
At 1st October 2023 65,585 171,867 237,452
Charge for year - 28,085 28,085
Eliminated on disposal - (27,883 ) (27,883 )
At 30th September 2024 65,585 172,069 237,654
NET BOOK VALUE
At 30th September 2024 - 91,604 91,604
At 30th September 2023 - 82,921 82,921

21st Century Transport Limited (Registered number: 02827528)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1st October 2023 90,570
Additions 54,350
Disposals (45,465 )
At 30th September 2024 99,455
DEPRECIATION
At 1st October 2023 39,642
Charge for year 19,526
Eliminated on disposal (27,883 )
At 30th September 2024 31,285
NET BOOK VALUE
At 30th September 2024 68,170
At 30th September 2023 50,928

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st October 2023 874,500
Revaluations 55,500
At 30th September 2024 930,000
NET BOOK VALUE
At 30th September 2024 930,000
At 30th September 2023 874,500

Fair value at 30th September 2024 is represented by:
£   
Valuation in 2017 670,000
Valuation in 2018 80,000
Valuation in 2019 45,000
Valuation in 2023 79,500
Valuation in 2024 55,500
930,000

21st Century Transport Limited (Registered number: 02827528)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 154,758 154,758
Aggregate depreciation (46,707 ) (46,707 )

Investment property was valued on an open market basis on 30th September 2024 by Mr A M Baker .

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 47,343 65,146
Other debtors 126,222 140,758
173,565 205,904

Amounts falling due after more than one year:
Other debtors 25,763 31,464

Aggregate amounts 199,328 237,368

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 16,734 19,233
Trade creditors 18,725 13,259
Taxation and social security 9,234 29,710
Other creditors 21,605 20,731
66,298 82,933

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 22,175 1,950

21st Century Transport Limited (Registered number: 02827528)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 38,909 21,183

10. RESERVES
Fair
value
reserve
£   
At 1st October 2023 593,502
Fair value adjustments 55,500

At 30th September 2024 649,002

11. DIRECTORS CREDITS

The following credits from a director subsisted during the years ended 30th September 2024 and 30th September 2023:

2024 2023
£    £   
A M Baker
Balance outstanding at start of year 99,312 96,698
Amounts advanced - 2,614
Amounts repaid (20,041 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 79,271 99,312

During the year Mr A M Baker paid interest of £1,919 (2023 - £2,066) on his Directors Loan Account. The loan is repayable on demand.




12. ULTIMATE CONTROLLING PARTY

The controlling party is A M Baker.